Latest / CattleUSA Daily / 189: Why the Cattle Market Is Falling—and Who’s to Blame with John Campbell

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189: Why the Cattle Market Is Falling—and Who’s to Blame with John Campbell · CattleUSA Daily

0:00
What got us to where we are right now in the cattle market?
0:03
That is the question John and I discuss on today's podcast
0:07
episode. It has been a wild week since
0:12
John and I talked last Thursday and boy oh boy, 3 limit down
0:17
days in a row. Absolutely getting it handed to
0:21
us in the cattle market, in the industry in general.
0:25
And John and I bring a candid discussion to each and everyone
0:28
of you today on what is happening and how we got here.
0:32
If you're watching on YouTube, if you can take a second to make
0:34
sure you are subscribed to our channel and like this episode,
0:37
we would really appreciate it. And if you are watching on any
0:40
of our podcast platforms, make sure that you are following the
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show and take a second to go right and review it on those
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platforms as well. Without further ado, let's go
0:48
ahead and hop into this episode with John.
0:53
Welcome to the Cattle USA Daily podcast, your go to source for
0:57
the latest livestock markets, industry insights and the
1:00
updates shaping agriculture today.
1:02
I'm your host, Lauren Moylan, a passionate advocate for
1:05
agriculture, here to keep you informed and connected.
1:08
Now let's dive into today's episode.
1:17
John, welcome back to the podcast.
1:20
How has your absolutely crazy week been and how did the sale
1:26
go on Lahana? Oh, and I am not laughing, I I
1:35
am, but it, it is out of complete disgust.
1:40
What a fiasco. But let's, I mean let's get into
1:45
it. 6300 here in Lahata on Monday, 370 LB Charleigh steers,
1:53
543 Lauren. I called it, you know, the light
1:58
cattle. If there was any bright spot, it
2:00
might be in the little light steers.
2:02
And it's more of the complexion of the guy buying them.
2:05
He's got lots of time to take that little 300 bounder to make
2:09
weight 8. So he's got a little more
2:12
confidence, more individual home raised input cost that he can
2:17
put into that animal to try to ride this this thing out.
2:20
So you see that in the little like like cattle.
2:23
I mean they're put in the hands of people that are are going way
2:27
on out and have a little more time to soak up some of the
2:32
unknowns. Watered bound steers, 535.
2:36
We had some 5 weight steers up to 428.
2:40
We would have been talking $5 and something a week ago today.
2:45
The real front end 550 weight steers here would still bring
2:49
$4.00 up to four O 9. The six weight cattle, 360 up to
2:56
383, six and a half seven. Then you're trading with the
3:00
feed lot guys. The stalker guy is out on one
3:03
that heavy big break right there at about 6/20/30 on up to seven
3:11
on these unwing cabs. You get into more like a $343.60
3:15
market. The seven weight steers, 320 to
3:20
346 and it wasn't that long ago we were talking about north of
3:24
$4.00 on those over on the heifers side, 385 LB heifers,
3:29
they were surely cross heifers brought 4/17, 5 weight effers,
3:35
397. We're seeing pretty good
3:38
independent rancher producers in buying the front end of these
3:43
heffer calves. We had replacements of the same
3:46
weight up to 424. So kind of a $2530 premium if
3:51
you got the goods that'll go back as replacements. 5 weight
3:56
eppers, some Red Angus Eppers, a load of them bring 393.
4:01
The bulk of the five 50s kind of on the heifers in the 350 range,
4:08
more of them bring 350, sixty, then bring 390.
4:13
But I'm telling you about the tops 6 weight heifers, best we
4:18
did was like 337 other than some again replacement eppers as high
4:23
as 345, big 7 weight heifer cabs 290, some of them that have been
4:31
weaned in excess of 45 days up around 298.
4:36
So it it it was cheaper. Big change from our discussion
4:43
last week, and our discussion last week was rough.
4:46
And yeah, and remember, it was 1015 lower last week.
4:50
Yeah. And we thought, oh, that's not
4:53
good. No, not good at all.
4:56
Not good during the season that we're in.
4:59
You guys are doing your calf sales on Monday now like it's
5:03
it's busy around here right now. And so it's, it's a rough time
5:06
to be selling, that's for sure. How about just the other
5:10
auctions in the winter livestock family?
5:12
Is this obviously a trend we're kind of seeing across the board
5:15
right now? But what are your thoughts on
5:17
those? Everything really pretty similar
5:20
Wednesday, Dodge City, you know, the further E you'd go, the more
5:24
you get into fall calving rather than spring calving.
5:28
And, and so I won't talk a lot about Salina or way back there,
5:33
mainly because they're still dealing with last fall's calves,
5:37
Urlins, you know, and so the complexion of when they cab kind
5:42
of changes the further E you go. But Dodge had 16154 cattle
5:47
yesterday. I thought the cap deal probably
5:52
another 10 or $15 South of where we were at.
5:56
Remember Tuesday they were down another $10.00 so they had to
6:00
compete with that on top of two limit down moves.
6:03
But 435 LB stairs at Dodge bring 525 weight stairs at 4:15, some
6:12
big 6 weight stairs to three 92, which would be, you know, still
6:17
pretty good. You're closer to the feed,
6:19
you're closer to the feed yards. They're the bigger the calves.
6:23
Why they're they're they're going to get the freight
6:26
difference plus a little for for them just cause of convenience.
6:30
But 430 weight heifers, 430 and 75 LB heifers up to 364.
6:37
They did have some 7 weight heifers Dodge City, KS at 330
6:43
Pratt, KS. Their sale is going on today.
6:46
Timing wise, all I talk about is what went on October the 23rd
6:51
32167 Gattle for them a week ago.
6:56
You know here here we go What a difference three limit down days
7:00
move Thursday they they'd only had to go through one and a
7:03
little. So you're talking about 370 LB
7:07
stairs bringing 647, 400 bounders at 560.
7:13
Again, this is a week ago today. This is how much difference
7:16
there is. Five and a quarter weight stairs
7:18
at 4:40. Some 7 weight cattle up to 370,
7:23
a little 4 weight heifers to 495 weight efforts in Pratt, KS at
7:29
four O 5 and 7 weight heifers up to 342 and they had some volume.
7:37
Riverton, WY. Their sale was the the day after
7:42
ours on Tuesday of this week so this would be a current market.
7:46
Really resembled our Tuesday market.
7:49
I thought they had some little pee Wee's up to 5, 82 weighing 3
7:54
and a quarter. The four weight cattle at 5:27.
7:58
I think our best 4 weight cattle brought 535, but remember we had
8:04
another $10 down that they had to deal with just the very next
8:09
day. 5 weight stairs of 472 and 6 weights at 388 in Riverton.
8:16
Over on the heifer side, 380 weight effers a little north of
8:21
$5 five O 5 four weight effers up to 485 and some 5 weight
8:28
effers pretty strong there at 4:00 and 1/4 for for the day.
8:33
So that's kind of what went on around the the horn and I will
8:39
the next thing that will be about the wind and the mile and
8:43
the wind. I'm ready to open up the jar on
8:47
this next thing What caused all of this John?
8:50
Why are we still continuing to see downturns limit down days
8:55
What what are let me hear it all I won't hear it all which you
8:59
know, can of worms is being opened, but well, let's.
9:02
Hear it kind of a timeline. Last Thursday I lied and it was
9:09
a qualified lie. I commented that producers had
9:15
lost 100 to $150.00 a head. Well wait 5 minutes until our
9:22
sale on Monday and that turned into 400 four $150.00 a head.
9:27
So what I thought was going to be 100 a hundred and a half down
9:31
turned into 400 four, $150.00 per head in just a matter of
9:37
from when you and I talked Thursday to our our our sale on
9:41
Monday. But when you have the live
9:44
cattle futures down on Friday, the limit down on Monday, the
9:49
limit and your sale is on Monday and nobody knows where we're
9:53
headed the next day. It is pretty chaotic.
9:58
I don't think in my lifetime in the marketing industry that I
10:03
have ever witnessed such a decline.
10:06
And I was around in 1984 when the stock market crashed and
10:11
everybody thought it was the end of the world.
10:14
Granted, we were talking about cattle only.
10:17
I don't know what the figure was.
10:18
They were there probably bringing less than a dollar a
10:21
pound. You know, we went from 80 down
10:24
to 60. But even in a percentage basis,
10:27
I think this move was more drastic than that.
10:32
And you know, and me like everyone I called our market, if
10:35
you'll bring it up 25 to 40 lower on Monday compared to the
10:39
week before. And I was being kind.
10:42
Many of my peers, you know, said, well, nothing has really
10:46
happened and it doesn't matter and and and not tongue in cheek,
10:50
but it and and nothing really has happened.
10:53
Their comment meaning not We haven't created one more pound
10:57
of beef. We have yet to import anything.
11:01
Nothing has really happened. Yeah, it it, it doesn't matter.
11:05
But you know, when my customers are, you're looking at them
11:10
there Monday and their gut shot, and then somebody comes up and
11:14
clubs them from behind. It does matter.
11:17
It it it it matters to me and here's kind of the the facts,
11:23
Jack that it comes out Catalan need to lower their prices.
11:29
That was the famous words out of our president.
11:33
Well the fat cattle are down over the week 10 to $12.00 a
11:38
hundred. The cash cabs in the feeders are
11:41
down anywhere from 20 to 50 to I can show you examples of a
11:46
dollar a pound that is $100 per 100 weight.
11:51
Futures are down $54 a hundred and the cattlemen that are on
11:58
the receiving end of this slaughter sure as hell got their
12:03
prices down. Congratulations it we got them
12:06
down. And in the meantime, Packers
12:10
were able to buy fat cattle $150.00 a head cheaper.
12:15
And the meat price has gone up the last 7 consecutive days in a
12:21
row, adding $5 to the cut out. So there's the end effect of the
12:26
Cowboys getting the prices down. They got them down and it had
12:31
absolutely the inverse effect on the price of meat.
12:38
How, how did we get here? You know, the on October the
12:43
17th, why the market reacts to Trump saying he might buy some
12:49
Argentine beef. Well, the speculators and the
12:52
Packers and the commercial paper puke on that day.
12:56
They're down the 925 limit on Monday, October the 20th.
13:02
Our our, as I have just commented, our cash and cattle
13:05
market is down 10 to $15 a hundred.
13:08
Well, then Trump, Rollins and Kennedy plan a meeting with the
13:14
elitist, the ranch to rail of the LMA, the Angus Walmart,
13:19
vertically integrated types. And the second they hear about
13:24
the Argentina announcement, Brazil's OK, but Argentina's
13:28
out. They don't tell Trump that
13:31
they're not coming. They are a no show.
13:35
They just don't show up. They don't say I'm sorry we
13:38
disagree with you, da da, da, da da.
13:40
He's sitting there in the Oval Office, has a time slot allotted
13:44
for them and they are a no show, no letter, no telegram, no
13:49
nothing. You know, this, my favorite part
13:53
of the show is kind of where my visual aids come into play.
13:57
And this was confirmed with me. And I'll qualify that in the
14:00
middle. Trump does not know and does not
14:05
distinguish between shit, which is the meat market, the Packer
14:11
concentration, vertically integrated breed associations,
14:16
and our so-called industry affiliates from Shinola and
14:22
Shinola being the true producers, the independent
14:25
cattlemen and the American first producers.
14:29
He does not distinguish between the two.
14:33
He does not know on the next turn of events why he gives his
14:38
secretary the info for the true social post that everybody knows
14:43
about now exactly what was said. And we go down the limit again
14:49
on Wednesday and Friday. And then there's more good news
14:53
as Rollins meets with the Texas Cattle Feeders Association and
14:59
the Mexican AG Ministry president.
15:01
So you've got all that hoopla that's out in the market saying,
15:04
Oh my God, what's going to happen?
15:07
And Trump comes out and says he's going to meet with the
15:10
Brazilians well down the limit on Monday and then last Tuesday
15:15
down another $10. How do I know all this that is
15:19
factual? But about the Trump meeting, I
15:23
spent over an hour on the phone Wednesday night with the only
15:28
guy that honored his commitment and showed up for the meeting
15:32
and with the president of the United States of America.
15:36
All of our so-called associates don't even tell him they're not
15:40
coming. He's sitting there waiting for
15:42
them. And the only guy with guts
15:44
enough to show up is, and he won't mind me saying is Jack
15:48
Payne. And he went there as an
15:51
independent. He got invited separate as an
15:54
independent. His discussion was going to be
15:57
something completely different. He is not a member of NCBALMA or
16:03
a Common Ground member. He's an auction owner.
16:07
No bullshit boots on the ground cow calf yearling guy trying to
16:12
speak out and work against the federal overreach that's going
16:16
on on on federal grounds. So him and Trump and Rollins and
16:21
Kennedy, we're all there. To qualify the rest of my little
16:25
rant here, Kennedy confided with Jack Payne to say that Trump
16:32
does not know shit from Shinola about the cattle industry.
16:37
That's what Kennedy's told him. He said he assumes we're all in
16:41
the same camp. Whether you're a Packer, a
16:44
retailer, or a cattleman, you all drink out of the same drop
16:47
and and everything's all hunky Dory.
16:50
Kennedy told Jack Bain he didn't even think Trump knew who JBS
16:54
was. And I, I make the comparison.
16:57
It would be about like asking me about the space shuttle.
17:01
The guy has got a jillion venues to address.
17:05
I don't know nothing about the space shuttle.
17:07
Now, granted, Trump is an expert in every field for about 5
17:12
minutes and, and, and, and that's part of his success
17:15
model. But, you know, thank goodness
17:19
Jack Payne saved a little dignity for our cattlemen.
17:23
And he told me it has been since 2016 was the last time a sitting
17:29
president of the United States of America took time for any.
17:33
And, you know, with Trump's help, you know, the group of
17:39
these no shows, I think did irreversible damage to our
17:44
markets and the cattlemen's image, we may never get another
17:48
shot. You just don't knock on his door
17:51
and say, hey, I represent less than 1% of the population.
17:55
I really need you to listen to what concerns I've got.
17:59
You're not going to get on the agenda.
18:01
You had a chance and you blew it.
18:04
And like I said, I hats off to Jack Payne, you know, and and he
18:11
went in there and there's been a lot of dope back and forth.
18:14
Well, he's the guy that did it and he's the guy that did it.
18:17
He is not the guy that did it. He was not affiliated with any
18:21
of those people that were the no show.
18:24
He had his own meeting set up. And like I said, maybe we say,
18:30
you know, if there's any dignity in in in or bright spot, he
18:35
would he would be one of them. But anyway, that's really how
18:41
how the deal went down. And I and I know it's old hat
18:43
and it's old news now, but to clear the air on what I heard
18:48
first hand and I know Jack and I do business with Jack.
18:52
And he was there. He shook the man's hand.
18:55
So anyway, can we recover from this?
19:00
And, and and I'm I'm as pissed as Trump, but at the next guy
19:04
and you know, you follow down Lauren, you and I's comments.
19:08
They hope I'm broke. They hope they, you know, shit
19:12
you now where's your Red Hat at now?
19:15
And da da, da, da da. Hey boys, I'm telling you, I got
19:19
shit running down both my legs and blood coming out of every
19:22
hole in my body. If you don't think this didn't
19:25
RIP me a new one, you're crazy as hell.
19:27
I'm right in there. So if you want me broke, what
19:31
what? That's fine.
19:32
They ain't going to get her done this time.
19:33
But I may be in the next running.
19:35
But I would like to think that I'm big enough to think there
19:39
are other accomplishment and I'm not.
19:41
I am focused on the cattle market, but you can put that
19:45
other brain dead son of a buck in there or that Gabby, Gabby
19:50
dabbling sow that could have been in there and see how you
19:54
get along with that crap. I still say he has a lot of
19:57
positive attributes even though I'm one of the gut shot ones.
20:02
And if you want financials the next time I can bring you up
20:05
that and show you what the losses are to my ass.
20:08
But he's still the guy and he's still the best guy that we have
20:11
out there. I try to look at more than one
20:14
trait before I shit can a guy what?
20:19
Enough of that. You know what, What positive
20:21
things so do we have to look forward to?
20:23
Well, yesterday the markets were higher and that's probably just
20:28
SPECT traders being a bottom feeder and saying Oh well, we'll
20:32
get a little recovery in here and maybe they puke again.
20:35
I don't know. In my conversation with Jack, he
20:38
he did say, and sincerely and genuinely so, that Rollins and
20:44
Kennedy want to help and they know something about the cattle
20:49
market. Third Point, Rollins calls out
20:52
the BIG4 on Fox and wants to decentralize the beef packing
20:58
industry. She gets it.
21:00
She knows they're Brazilian and they control 85% of the
21:05
slaughter capacity in the United States and wants to do something
21:09
about it. PowerPoint #4 the Mexican AG
21:13
minister says he and Rollins after their meeting came to no
21:17
agreement on opening the border #5 despite the Texas AG
21:24
commissioner Sid Miller I believe is his name.
21:28
And the guy, if you watch him on Fox, he has his two ex Bailey
21:32
hat on in his western Walmart leather vest that he wears twice
21:36
a year, whether he has to or not says Mexican border.
21:41
This is in spite of all that is the key.
21:44
The key said to immediately lowering beef prices.
21:48
They're 180 to 200 days out before they ever get their
21:52
throat cut and are harvested and affect the meat prices.
21:55
But in the meantime, the Texas cattle feeders smile and they
21:58
present Rollins with a plaque and they get a free picture.
22:02
But nothing has happened yet at bright point on the Mexican
22:07
front. There are 1,000,000 Mexican
22:10
cattle sitting at the border waiting to come across.
22:14
That's substantial. Brazil is now the biggest cattle
22:18
producing country in the world. That is substantial.
22:24
And you know, we talked about it, Lauren.
22:27
We we have stooped to becoming a net importer of food.
22:31
Our government wants to fill the American void with imports,
22:36
hopefully on the short term. And those two, the Mexican and
22:41
the Brazilians, not the Argentinas, will be the next big
22:45
grab your ass sell off if it's handled the same way as last.
22:50
So that's what we need to be aware of in my, yeah.
22:54
Yeah, I think it's important to go back, circle back to one of
22:58
the points that you made, that it is easy for someone who is
23:03
not involved in the cattle industry to look at the cattle
23:06
industry as an entire piece of the pie, right?
23:10
Like we're not, they don't divide up the pie.
23:12
They're saying here's here's the whole pie.
23:14
We are less than 1% of the population.
23:18
When you are in charge of 100% of the population, less than 1%
23:24
isn't always a massive concern for you.
23:27
You have to look at the masses. You have to look at national
23:30
policy, global policy, all of these other things that are
23:33
going on. And so I think it's important as
23:36
cattlemen that we take a step back and we recognize the fact
23:40
that an individual who has supported the agricultural
23:44
industry and so many other initiatives made a mistake and
23:48
wasn't fully understanding of the different pieces of the pie
23:54
within the cattle industry. But we do have other individuals
23:58
who understand those pieces of the pie that are hopefully still
24:02
fighting for the cattle industry, pushing forward in
24:06
areas that are actually going to make an impact and make a
24:10
change. Like you said, Rollins went on
24:13
Fox and called out the big packing industry and all of the
24:18
the BIG4 on that. And then we're talking about all
24:21
these other things. Everyone has an idea of how
24:24
we're going to fix this, right? Everyone's throwing their hat
24:27
out there of like, fix it this way, open up the southern
24:29
border, do this, do that. And not everyone is correct on
24:34
their thinking, especially when it comes to the southern border.
24:36
Like you said John, unfortunately in the cattle
24:39
industry, we don't have a product that is a quick return.
24:43
It's not a quick cycling product.
24:45
It takes 2 years to take a product from born to ready to
24:49
slaughter, and that is a great thing in the cattle industry,
24:54
but it can also be a hurtful thing when it comes to the media
24:57
storm that we're in. And I like the point that you
25:00
made that we haven't actually done a Dang thing yet.
25:05
We haven't brought in any, brought in any exported imported
25:08
meat from Argentina. We haven't opened up the
25:11
southern border. We haven't done this.
25:13
We haven't done that. This is literally a reaction
25:17
based off of comments from our leadership throughout the United
25:22
States, reactions from our associations and the media
25:27
taking this and running with it and everyone else saying I don't
25:33
know about that cattle industry right now.
25:35
It's a it's a little rocky over there.
25:37
Sure, sure. Yeah, no.
25:39
And those points you make internally, things we control
25:44
our, our, our, our true supply and demand.
25:47
Those are fundamentals. Those have not changed.
25:51
They are facts. You won't get our production up
25:55
until this year's heifer retention has a cap and that cap
26:00
is sold and we're looking at 2027.
26:03
But back to my point, our government is convinced we can
26:08
fill the void immediately in the meat deficiency by exporting
26:14
product in and becoming a net importer of, of food.
26:19
And that's the tragedy. You know, we we talk about it
26:24
till we're wore out. But why these things make such a
26:28
huge impact is because again, repeat, repeat.
26:34
We are too vertically integrated and you knock 1 little notch out
26:41
of the top end of the deal and it goes to shit.
26:44
The whole deal crumbles. All the spec long funds, all the
26:48
commercial paper that is controlling our industry, they
26:53
jump ship. You affect a COVID, you affect a
26:56
meat packing plant and everybody goes bonkers because they
27:01
control such a big supply of what we're about.
27:05
And until you get the competition back in that highest
27:11
sector and widen that vertical integration out and do away with
27:16
it, that's the only way you can get back to a free market
27:19
enterprise and why we do not want to challenge that.
27:24
Do I know what the answer is to it?
27:26
No, I really don't. And Rollins, with her meeting
27:30
with the boys with the white hat was going to discuss and that's
27:33
all been pushed under the carpet.
27:34
And we'll talk about that next week.
27:37
But we're going to try to help you.
27:39
And that's what she was meeting with those people for.
27:41
We'll loosen up some federal ground ground, maybe do a little
27:45
more grazing. We'll get rid of a lot of this
27:49
BS about from the spotted owl to the Prairie chicken to whatever,
27:54
where the wild buffaloes roam and rewilding to where you are
28:00
not chastised by these EPA and these environmental restrictions
28:06
that keep you from doing business.
28:08
We're going to try to work on that.
28:09
She said we're going to make more packing capacity.
28:12
That's way down the road. We're going to have Packers shut
28:16
down before we have more open up.
28:18
Is it a good point? Yes, long term it is.
28:20
Competition up there is great. So you know she has some viable
28:25
points. Let let's try to incentivize
28:29
young people make access to some low interest money.
28:32
Da da, da, da da. Again, great plan, but you're
28:36
three years out from helping anybody.
28:39
And that's what they were going to talk about because somebody,
28:43
Trump said something about Argentina.
28:45
We had a walkout. Well, crime sakes, you know,
28:49
that's not the hill you want to die on Argentina and we're
28:53
rehashing it. But that left a distinct
28:57
impression on Trump and he said, forget all you cattle guys,
29:02
you're all in it together and that's who you send up here to
29:06
talk to me and I grant you access and I'm OK.
29:10
What kind of chance leaving that kind of an impression do you got
29:14
to meet with him again? That's that's my point.
29:17
And over a nothing deal when when it it could have been
29:21
positive. And like I said, at least Jack
29:24
Payne pulled his hat down and went in and he says you don't
29:27
really talk to Trump, you just listen to him.
29:30
But Kennedy and Rollins, he said confide confided in him, wanted
29:36
to know about some of the federal stuff going on on the
29:39
grazing, which is a big deal in Nebraska.
29:42
He's trying to help his constituents, which is a hell of
29:46
a lot more than, but then any of the associations or or or our
29:50
representation in the House and Senate has done and they wanted
29:54
to learn. They said give me names, give me
29:58
lists, and we'll try to do something about it.
30:02
That means a hell of a lot more to those people.
30:05
Coming from a guy with a real pair of cowboy boots and a hat
30:09
on, then some guy in a Walmart vest telling you what you ought
30:13
to listen to, and I think he maybe did some good.
30:17
But it is a huge, huge undertaking and you got to get
30:21
in the front door first before you can have anything to say
30:25
about it. Where do we?
30:26
Go from here. I don't know.
30:28
We've done a lot of damage, but and they can talk about he's a
30:32
king and he's a this and he's a that.
30:34
And he shot his happy ass and mouth off and it ripped the guts
30:39
out of a lot of people, a lot of people.
30:42
He doesn't know about the cattle industry, but that is no excuse.
30:46
He's surrounded by people that should if he would listen.
30:49
But as Jack Payne walked into the room and he was the only guy
30:53
there, he said Trump was speaking in his outside voice to
31:00
a secretary about the very tweet that went out.
31:03
You guys don't show up. I allotted time for you and
31:06
you're a no show. And you don't even have the
31:09
respect or the dignity to tell me you're not coming.
31:13
And now they're backpedaling about, well, we didn't want to
31:16
go in there empty handed, not knowing what he was going to say
31:19
and then get our our presence exposed by a picture with the
31:23
president. We wanted to know what he was
31:25
going to talk about. Don't give me that horseshit.
31:29
If if that was the case, then call him and tell him you're not
31:33
going to come. But to not show up in a guy that
31:37
his time frame is broke into minutes.
31:39
I'm sure. Boy, you talk about shitting in
31:42
your nest. We did it.
31:43
And those guys, he makes the association that they're all
31:47
about us. Again, he don't know shit from
31:51
Shiny Noah and it's not his job to know it.
31:54
We wish the hell he did, but he don't and that was his reaction.
31:59
Like I said, thank you guys very much.
32:01
I wish you'd have been set near and seen the looks on the faces
32:05
of the people I had to deal with Monday after they got their.
32:08
Head handed. Yeah.
32:11
Absolutely. Regard what some people may say,
32:16
they're all friends of mine and customers and associates and I
32:21
know every one of them by first name.
32:23
And I didn't like it very good. And I was helpless.
32:26
I couldn't help them. Not to the not to the tone of
32:33
$58100 a hundred. You pop it up some, but you
32:37
can't, you can't buy every one of them.
32:40
You know, so and I don't. It's not the buyer's fault.
32:44
Hell, they were setting there on 2 days limit down, wondering
32:47
what the hell the next day is going to bring.
32:50
So you got to buy like they're going to be limit down again.
32:53
And by God, they were down damn near the limit 10 bucks.
32:57
So anyway, it it, it, it, it just leads to what a treacherous
33:00
sum of buck this has become. Because we got and, and all my
33:06
friends are right, the government needs to stay the
33:08
hell out of our business. Just get the hell out of there.
33:11
But they're getting prodded by these special interest guys, and
33:14
who the hell else are they going to believe?
33:16
We can't seem to come together with a unified voice.
33:21
And shame on all of us. We're no different than the damn
33:24
shutdown. It's a pissing match and I'm
33:27
part of it. Shame on me.
33:30
But if you think I got common ground, somebody's going to have
33:33
stroke me pretty good before I fall into any common ground,
33:37
because I ain't got no common ground with the rotten,
33:40
self-centered, inconsequential prima Donna.
33:44
Pukes. I love that descriptor.
33:46
I love that descriptor. I'm going to get that put on a
33:48
shirt for you, John. Yeah, thanks.
33:51
That's wonderful. That's wonderful.
33:55
It's just, it's just sad, you know, and, and if I, if I hear
34:00
one more person tell me that, well, they were getting pretty
34:03
high, you know, he's got an awful damn high.
34:08
Will get your happy ass out on the street and buy a, a gallon
34:13
of gas or a, a vehicle or fertilizer or feed or parts or
34:18
you name it, and then tell me how, how high they are.
34:22
When you're looking at input costs, it'll tear your head off.
34:26
They ain't too high, and especially since you've had your
34:29
ass kicked for the last 10 years.
34:31
And that's why there's none of you left to deal with.
34:33
So we're going to make a concession with the Brazilians
34:38
and the Communists to feed us. Yeah.
34:40
It's crazy that 20 years ago you used to be able to make a living
34:45
as a rancher of 100 or a couple 100 cows.
34:49
It was a modest living, but a living, and now it takes double
34:54
or triple that to bring home the same amount of money to your
34:58
family at the end of the day. And it takes five times that
35:03
input cost to go into those cabs.
35:06
To make the same end product? Most definitely.
35:09
It's pretty disheartening to see 2025% of that taken away in a
35:16
matter of hours that you had absolutely nothing to do with.
35:22
You had absolutely nothing to do with.
35:24
You're not part of the problem. Yeah.
35:26
Precisely. Precisely.
35:28
Don't any we've got, we've got some good things to look
35:33
forward. You, you know, I mean, hell it.
35:35
They'll sun will come up tomorrow.
35:37
They'll be there'll be another day.
35:40
There will be another day. We're resilient, we can push
35:42
through and you know what, John and I are going to be here to
35:45
discuss it either way. It turns no matter what each
35:49
week and give you guys our candid thoughts and opinions.
35:51
John, thank you for your time To all of you listeners out there.
35:54
If you guys could take a second, if you're watching on YouTube,
35:56
make sure that you are subscribed and that you like
35:58
this episode for us and share with a friend if this is
36:01
something that you see is interesting or something that
36:04
someone else in the cattle industry needs to hear.
36:06
If you're listening on our any of our podcast platforms, make
36:09
sure that you are following the show and take a second to go
36:12
rate and review it. We really appreciate it here at
36:13
the team. Thank you for your time today
36:15
and we will see you all on another episode next time.
36:17
Have a good one y'all.