Quote:
Originally Posted by Buehler445
Holy ****. Someone told me that Love Cattle traded limit down, limit up, and closed limit down on the day. I don’t know what the limit is but my God, the margin calls that fools paid today. Christ.
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4.5. It has been insane.
Cash bid reports from pre lunch and post lunch were wildly different.
Packers were making bank and basically decided to try putting the squeeze on in the middle of this panic. A group of feeders in the south got insulted by the bids and basically shut their gates and told them to increase the bids 15-20 cents or **** off. Some of those feeders are running naked on those pens. It would take some serious balls to do what they're trying to do without being hedged. Time is not on their side, but it has inspired some of the northern feeders to dig in their heels too.