Right now, if there’s no hay in California and the demand is there, limited supply, then prices are going to go up. Because California is ahead of the curve compared to where we are east of there, it means that producers are going to follow the money. What do I mean by that? The effects of what are happening in Texas right now are what was seen last year in California. As with any futures market or any agricultural market, you’ll have a national aggregated number and then you’ll have more localized and regional markets.Īs it pertains to various droughts going on at different points in time across the country, California is a year ahead of where Texas is right now in terms of going through a drought. We have two different hay markets between the two locations.
Our two ranches are located in Colorado and Texas. All of our animals eat hay so we buy a lot of it. Tell me what’s going on with the hay market nationally. We’re talking about the bullwhip effects of supply chains and everything, but then you started telling me as a rancher, dealing with hay now because of the drought in California, hay may become a future problem that I should be keeping my eye on. You told me that hay prices… hay is about to be a problem. Visit /disclaimer for more information.Ī couple of weeks ago you told me an anecdote and I love a good anecdote that comes out of left field that I would never have thought about before. As such, they’re not suitable for all investors and you should not rely on any of the information as a substitute for the exercise of your own skill and judgment in making a decision on the appropriateness of such investments.
Listeners are reminded that managed futures, commodity trading, forex trading, and other alternative investments are complex and carry a risk of substantial losses. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of Mutiny Funds, their affiliates, or companies featured.ĭue to industry regulations, participants on this podcast are instructed to not make specific trade recommendations, not reference best or potential profits. This podcast is provided for informational purposes only and should not be relied upon as legal, business, investment, or tax advice. This podcast features long form conversations on topics, relative to investing, markets, risk, volatility, and complex systems.
0 kommentar(er)
