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Government Intervention Screws Up Markets

tex1952 Wrote: Aug 24, 2012 7:56 AM

DUH, carter !!!!!!!!!!!!!!!!!!!!!!!!!!!! Uhm, bet you're still avdvising folks to stay in the markets, aren't you???????????????? Want your money stolen? Put it in the markets, folks. Have money in the markets ? Get the he## out now.

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Jeff3820 Wrote: Aug 28, 2012 9:58 PM

depends on your time horizon. in this case tex, we are talking the hog market and a stupid govt expenditure that did nothing.

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Government Intervention Screws Up Markets

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...

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