In response to:

Government Intervention Screws Up Markets

Greg1084 Wrote: Aug 24, 2012 7:16 AM
The government spends money it doesn't have going both ways on a policy that wasn't going to work, anyway. They are digging holes and filling them in on our dime, and only people like Jeff can see it. But, again, it is happening so frequently on so many fronts, that the trend is noticeable to anyone with eyes to see.

Did you notice the hog market ($HE_F) over the past couple of weeks? When Obama went to Iowa to campaign, Secretary of Agriculture Tom Vilsack announced a huge pork buy from the federal government. October Lean Hogs were trading around 78.50 prior to the announcement. Post, they rallied up to 81.00.

Today they are trading around 73.00. That big announcement was only one to one and a half days of slaughter. Meaningless pablum to a market in trouble.

The drought has caused livestock producers to send a lot of meat to market, lowering the price. The other...

Related Tags: markets