Looking at crop prices, animal (beef, pork etc) Slow moving real estate and equipment. Low scrap steel price, same seems to be the case in the logging industry. Noticed locally pumpkins were low per pound. Funny thing is stock market is up, grocery prices are high too. Some places can't get labor others are turning away work!!!! What are your thoughts is it the China economic issue are we heading into recession????
- Thread starter JOCCO
- Start date
China is a huge purchaser of bulk commodities - oil crops, copper, steel, etc. If they hiccup everyone gets scared and bulk prices go down. Doesn't have to be real, just the thought of it plays with the markets...
USA Feds want a high dollar, good stock market, so they do whatever manipulation they can to get there. High dollar value is death to high crop prices, or anything the USA would export. It may be a house of cards ready to topple in; but for the moment dollar value and stock market have been propped up some.
Grain prices, ESP corn, mimic petrolium crude prices most of the time. We are in low petrolium prices, so corn follows.
I don't understand beef, that world got turned all upside down 2x over and can't make sense of it. The cynic in me wants to blame packers for playing with the market along with the big food corporations but even that doesn't really fit.
Paul
USA Feds want a high dollar, good stock market, so they do whatever manipulation they can to get there. High dollar value is death to high crop prices, or anything the USA would export. It may be a house of cards ready to topple in; but for the moment dollar value and stock market have been propped up some.
Grain prices, ESP corn, mimic petrolium crude prices most of the time. We are in low petrolium prices, so corn follows.
I don't understand beef, that world got turned all upside down 2x over and can't make sense of it. The cynic in me wants to blame packers for playing with the market along with the big food corporations but even that doesn't really fit.
Paul
Donald Lehman
Well-known Member
To keep this as short as possible and with apologies to Kim,
Elections DO have consequences. We have been heading in this direction for 50 years, and we are now beginning to experience the longer term effects. Buckle yer seat belts Ladies and Gentlemen, the fun is just beginning.
Elections DO have consequences. We have been heading in this direction for 50 years, and we are now beginning to experience the longer term effects. Buckle yer seat belts Ladies and Gentlemen, the fun is just beginning.
Brent Zappe
Member
Hey come and try to get my stupid job. I work as a custodian for a big school district have been there for a long time. When I first apply years ago the requirements where simple. Just finish high school. Well now it has change to two years in collage of education just to apply for this job. How hard is it to follow directions, read labels and go to class rooms to clean them. (Not that hard okay) My employer whats high educated people for this job but it still pays little money. We started out 5 years ago makeiing (team cleaning) We clean up to 4 schools in an eight hour night and we save our school district big money in doing that. what happens is the profit go to the adminstrators not back in to education for the kids. Yes some thing is wrong with this new generation and there thinking.
This. My last job was contract engineering for a fortune 50 equipment manufacturer. 5 years of no raises and throw in some mandatory unpaid time off every year (1-4 weeks) and I was going backwards. When they started talking 12-15% pay cuts I bailed out. Now They are cutting another 10000 direct hire white collar jobs and based on conversations I've had with recruiters that are calling me they are replacing their permanent employees with contract workers with no benefits and less pay than I was making. Guess no Americans want to work for peanuts so they are constantly bringing in H1B temp labor from China and India that will work for less. I've got student loans I'll be paying off for the next 20+ years and there is no way that I'm going to keep taking pay cuts just to keep working.
The stock market is not doing so hot, the DOW is down roughly 1000 points from the years high and it has been much lower in recent weeks, artificially manipulated low interest rates forced investors to over capitalize the markets and their will be turbulence. The so called economic recovery from 2009 has been basically a smoke and mirrors act, it is ironic that even though BO has thrown up every road block at his disposal to the energy industry since he became dictator the only real economic growth in the entire 6 plus years of his reign was provided by the energy industry, primarily the fracking boom in the oil field. Now that the domestic oil business is essentially dead and will not pick back up in the near future the chickens are coming home to roost. The last time we had a similar situation was 1986 but the difference then was that the cheap energy jump started the rest of the economy, the same has not happened this time primarily because some 80% of the jobs created in the last 6 years have gone to immigrants, illegal and so called legal, they work cheap and send their money back to the home country instead of spending it in the local communities where it was earned. The lower demand for beef and pork is probably because many people can not afford it, unless they are on food stamps they have to live within a realistic budget.
Bingo, LAA.
The Federal Reserve has been proping up the stock market for obvious reasons.
Most of the rest of the economy has been in long term malaise due to the catastrophic policies of the administration.
2016 is near so there may be light at the end of the tunnel.
Stay tuned.
Dean
The Federal Reserve has been proping up the stock market for obvious reasons.
Most of the rest of the economy has been in long term malaise due to the catastrophic policies of the administration.
2016 is near so there may be light at the end of the tunnel.
Stay tuned.
Dean
Grain prices are down because there were bumper crops and over production because when prices went so did the number of acres planted leading to more overproduction. Couple of places near me were swamped are corn with guys selling 1-2 year old crops out of their bins. They are piling it outside already and the only corn harvested here so far is high moisture stuff for feed.
Beef prices kinda surprise me. I figured that they would stay up for at lease another year. But we do import beef. That will affect prices too. Did they allow more in? Or is demand down because of prices in the store?
As far as workers and pay? If company A produces an item and the cost of production is 1 dollar and company B can import that item for 50 cents company A has to either move offshore or cut production cost. It's the cost of a global economy and the growing pains that goes with it.
rick
Beef prices kinda surprise me. I figured that they would stay up for at lease another year. But we do import beef. That will affect prices too. Did they allow more in? Or is demand down because of prices in the store?
As far as workers and pay? If company A produces an item and the cost of production is 1 dollar and company B can import that item for 50 cents company A has to either move offshore or cut production cost. It's the cost of a global economy and the growing pains that goes with it.
rick
As usual Don Lehman hit the nail on the head. Both D and R have been playing this game with fiat currency, artificial supports and restrictions and, my favorite part, altering or blatantly falsifying their reports on economic health. You cannot have an economy that is supported by simply trading money between people with everyone taking their cut. And despite claims to the contrary, an $18.4 trillion dollar national debt in a nation with $98 trillion dollars in unfunded liabilities....it's entirely unsustainable. We have over 500% more money in circulation now than in 2000. What do people think is going to happen when you chip away at the foundation of a building for nearly 100 years?
buickanddeere
Well-known Member
Low demand .
buickanddeere
Well-known Member
Educated people believe in more of their culture. It's a comfort thing. Also The colleges and universities would go broke if the classes were not kept full with promises of well paying jobs upon graduation.
CenTex Farmall
Well-known Member
Lots of companies are contracting out all sorts of work to the lowest bidder. This is basically what's happening at the airlines too and why I left. It's not in the news much and the media is never able to explain it properly when they do print a story about it. Basically, in the 90's and with newly made small jets they started pitting regional airlines against major airlines and giving short haul (3 hours or less) flying to the regionals. In the 2000's, once there were a number of regionals operating jets they started pitting the regionals against each other by awarding contracts to the lowest bidder. Customer service and reliability went down the toilet.
Since around 2010 the small jets are nearing the end of their design life and the regionals have senior people on their payroll so they now shift flying back to the majors, almost all of which have gone through bankruptcies and mergers and have lowered their labor costs. The contract system is a brilliant way for management to beat the seniority system and the unions. Most of the airlines are with one union so they have their own members (via their employer) bidding against each other for work.
The airlines are wanting H1B pilots but so far the gov has said no. The pilot shortage is a myth as the only shortage is for people to start at the regionals. Today you would need about 100k in flight school training on top of a 4 year degree for a 25k a year job, kind of a bad R.O.I. The FAA released that there are two ATP's certificate holders in the US for every current slot at the airline. Shortage? I don't think so.
Since around 2010 the small jets are nearing the end of their design life and the regionals have senior people on their payroll so they now shift flying back to the majors, almost all of which have gone through bankruptcies and mergers and have lowered their labor costs. The contract system is a brilliant way for management to beat the seniority system and the unions. Most of the airlines are with one union so they have their own members (via their employer) bidding against each other for work.
The airlines are wanting H1B pilots but so far the gov has said no. The pilot shortage is a myth as the only shortage is for people to start at the regionals. Today you would need about 100k in flight school training on top of a 4 year degree for a 25k a year job, kind of a bad R.O.I. The FAA released that there are two ATP's certificate holders in the US for every current slot at the airline. Shortage? I don't think so.
gtractorfan
Well-known Member
This reminds me of the story of the rich businessman going to a run down town. He went to the hotel and put a $100 bill on the counter to hold a room but first he wanted to check it. As he left the hotel manager took the $100 and hurried to a supplier and put it on his tab. The supplier took the $100 and took it to the butcher. The butcher took the $100 and gave it to his farmer provider. The farmer brought the $100 to the hotel to pay down some of his credit. The businessman came back to the counter and picked up his $100 and told the manager he wasn't satisfied with the room and left. The result was all those who got paid felt much better.
Bruce from Can.
Well-known Member
- Location
- Woodville, Ontario, Canada
When the tide comes in , all ships rise. When the tide goes out all ships go down. Oil went down ,then grain , next hogs and now cattle. No real shock. And also the 7 year business cycle, October is the month for "black Fridays ". Could turn real messy yet !
John Deere D
Well-known Member
Between Phoenix AZ.and Tucson Az.I-10 and the Railway parallels each other. On any given day there are dozens of trains travelling from the Pacific Sea Ports inland with 100 car double decked International shipping containers. The cargo in these containers end up flooding the shelves of business every where!
In western Canada the Pacific Railway and the Canadian National Railway each have at least 20 trains daily on both doubled tracks importing goods from the Pacific Sea Ports inland with 100 car double decked International shipping containers. The cargo in these containers end up flooding the shelves of business every where!
For Corporations to have made their money in Countries of Democracy and then taken their technology off shore and then flood the counties of hard working Democratic citizens I find to putrid.
Countries with populations of 1 + Billion citizens have the numbers in workers to flood the planet with low cost goods.
I have no rectifying answers as it's to late.
In western Canada the Pacific Railway and the Canadian National Railway each have at least 20 trains daily on both doubled tracks importing goods from the Pacific Sea Ports inland with 100 car double decked International shipping containers. The cargo in these containers end up flooding the shelves of business every where!
For Corporations to have made their money in Countries of Democracy and then taken their technology off shore and then flood the counties of hard working Democratic citizens I find to putrid.
Countries with populations of 1 + Billion citizens have the numbers in workers to flood the planet with low cost goods.
I have no rectifying answers as it's to late.
As posted below, a rising tide lifts all boats, a sinking tide lowers all boats. 10 years of wage stagnation, 5 years of sinking prices on all commodities, low work force participation and millions leaving the workforce. The US economy has contracted with the only expansion being in the financial traders and even they are being brought back to reality.
Traditional Farmer
Well-known Member
- Location
- Virginia
Supply,demand and the ability/desire of buyers to pay controls the market on everything.
At every auction I hear people say "That was cheap if I had the money I'd of bought it".
Well it wasn't cheap enough for those people to afford so if they're going to buy it'll have to be even cheaper.
At every auction I hear people say "That was cheap if I had the money I'd of bought it".
Well it wasn't cheap enough for those people to afford so if they're going to buy it'll have to be even cheaper.
rick deere
Well-known Member
none working people get paid more than working people that's the problem.
A large part of that problem is that the CONSUMER is the one demanding cheap products. With the cost of meeting EPA and OSHA regs plus labor plus meeting consumer demand for cheap products companies have to move production off shore to stay in business. The only solution is to get people to buy higher priced goods. Go tell that to the average Wal Mart shopper who in a lot of cases shop there because they have to. Now add in what they are not telling you. The US is the #3 exporter in the world. Guess we still do make things.
Traditional farmer is right. Farm prices especially are a case of supply and demand. When did wheat tank? Right after the president cut off sales to Russia over the stuff in the Ukraine. When did corn go down? The year after really high prices that cause some 33 million (that's with an M) acres of ground was taken out of CRP to put back into production. Supply far exceeded demand. Corn went down so a lot of that land is now in beans. What did beans do? Went down! Years ago a computer manufacturer mass produced 486 computers getting ready for what they thought would be a great Christmas season. The Intel released the Pentium chips about a month or so before Christmas. The computer maker then had warehouses full of 486 computers that no one wanted. So they sold them at a loss. Doesn't matter what business you are in, overproduction or production of something no on wants leads to disaster.
Rick
1948CaseVAI
Well-known Member
nnalert is our only hope. He will have Carl Icahn negotiating with Chine and will run Caroline Kennedy out of Japan. No one negotiates like he does and he will bring that talent to our benefit.
Jerry,
Do you ever remember a Govenors race like we have this year, if you can call it a race, a handful of professional politicians, most of them with a closet full of skeletons and not one original idea or argument between them. I guess they are all afraid of making one another mad because they all know the dirt on each other. It's pitiful that it has come to this, I bet not one person in ten on the street could name a candidate, I don't know if it is just people have lost interest or they are fed up and figure it does not matter anymore. The way Jindal let everyone down it may be that people have given up on anyone doing what they say they will do. This year is not the Louisiana politics I'm used to for sure.
Do you ever remember a Govenors race like we have this year, if you can call it a race, a handful of professional politicians, most of them with a closet full of skeletons and not one original idea or argument between them. I guess they are all afraid of making one another mad because they all know the dirt on each other. It's pitiful that it has come to this, I bet not one person in ten on the street could name a candidate, I don't know if it is just people have lost interest or they are fed up and figure it does not matter anymore. The way Jindal let everyone down it may be that people have given up on anyone doing what they say they will do. This year is not the Louisiana politics I'm used to for sure.
Yeah, LAA, at least in most of our elections we've had a few non-professional politicians--some good, some bad--to choose from. My first vote for governor, back in the early 60s, was for the ultimate outsider, a nnalert named Charleton Lyons.
I still don't know who I'll vote for this year. In the end guess I'll just close my eyes, hold my nose and vote for whichever one my finger hits. It's much like back in the 70s when we had to choose either Edwin Edwards or David Duke in the general election. The campaign slogan in that election was "Vote for the Crook" (Edwards) as opposed to the Klansman (Duke).
I still don't know who I'll vote for this year. In the end guess I'll just close my eyes, hold my nose and vote for whichever one my finger hits. It's much like back in the 70s when we had to choose either Edwin Edwards or David Duke in the general election. The campaign slogan in that election was "Vote for the Crook" (Edwards) as opposed to the Klansman (Duke).
No he won't. The American people want cheap products! Anyone filling a political office who would cause a substantial rise in the price of consumer goods would trigger a massive recession. The people would demand his head on a stick. Thing of it is outsourcing is over 100 years old. It's not going to change if nnalert gets elected. He's just like external_link was when he was promising change. The same change we are all still waiting for.
Rick
Deutz Lover
Member
That's funny? Some items have more than doubled in price. Just certain sectors in the last couple of years. Then the price for certain items rises in another sector. Hmmm?
TomH in PA
Well-known Member
Well, all except the hotel manager who will have to explain what happened to the $100 he posted to the farmer's account.
TomH in PA
Well-known Member
Commodity prices are down because the subsidy for ethanol in gas is being reduced. Cheaper corn means other ag products also get cheaper - meat, milk, even other grains. That also means farmers won't have the cash to buy farm equipment or ag land.
As far as residential real estate prices - Clinton started that bubble back in the 1990's. It popped in 2007 and prices are still returning to the level they should have been all along.
As far as residential real estate prices - Clinton started that bubble back in the 1990's. It popped in 2007 and prices are still returning to the level they should have been all along.
Sad that you think the American buying public will tolerate anything that a politician does that would drastically raise the cost of consumer goods. And Americans want low cost goods. nnalert may win and he may try to bring jobs back to the US but when the cost of consumer goods raise by drastic amounts it will trigger massive inflation an another devastating recession. Be careful what you wish for, you just may get it. And no, companies can't eat the cost difference and stay in business.
Rick
Ultradog MN
Well-known Member
- Location
- Twin Cities
It's Bush's fault.
Subsidies for ethanol in gas being reduced? Federal and state subsidies for ethanol have been eliminated for several years....simply no such thing as subsidies for them anymore. re cheaper corn means... no, there is no direct correlation, unless you think farmers SET the prices of meat, milk, other grains. BTW- fed subsidies for eth were paid to blenders...not farmer-owned co-ops. Some states paid subsidies to farmer-owned co-ops.
A lot of our exports were commodities. Corn, beans, wheat. But with China slowing down, and the strong dollar, US exports have a hard time. Not good for farmers. But 87% of the economy is service oriented, and not affected as much by export problems. Autos are doing well, and housing is getting better, prices are going up. If you are in the medical biz, things are pretty good, a lot of us old guys need service work!!
Hay hay hay
Well-known Member
You just shot healll out of the arguments of the usual conspiracy theorists. How dare you!
Married2Allis
Well-known Member
I'll just go ahead be a little more blunt than Don ... there's no confidence in the current buffoon in the white-house and his motley crew of idiots.
Hay maker2
Member
This is some what a natural cycle that happens through out history. We all can point fingers at this politician or that politician, there is with out a doubt issues with all politiicans associatted with all the political parties.
If you look back at history, you will see when a democrate is in office (presidential office), the economy will prosper, the stock market will increase, and the unemployment rate will drop. When a nnalert is in the office, it is just the opposite. I am not going to argue with anyone about this topic, just google it and look at the past ecomomies and what party was in the White House.
You can blame external_link for the recent decline in the economy all you want, but you must also give him credit for the last 6 years of economic growth and the highest stock market every. We all made money regardless if your a farmer, a welder, construction worker. Don't forget the fact that when Clinton left office, the US had basiclly no debt. Now when Bush left office there was something like 10 trillion dollars in debt???? Don't be blameing Oboma for the debt that this country is in, yes his policies had contributed to it, but if we were not in such debt back in 2008, we would not be where we are now.
Also, look back through history at every presidential election. When there term is up, the economy is shaky to say the least. If it is an election year after the president has served 2 terms and there is going to be a new president no matter what, then the economy is extremly shaky such as it is now.
Correct me if I'm wrong here, Back in the 1970's Carter was in office. Farmers had money and bought new equipments and barns. In the 1980's we had Regan and Bush #1, I think there were lots of goverment subsidies to keep farms a float and no one was spending much money on equipment or barns. In the 1990's Clinton was in office, high prices for milk and grain, farmers expanded and bough equiment. In the 2000's we had Bush #2, milk and grain prices were ar record lows. In the 2010's, there is Oboma, record high prices for milk and grain, new equioment, barns....
Just to clearify, I am not registered with any political parties. I vote for the person who best represents me. I hate Oboma and his policies. However, I do like the income that he has put in my pocket...
It will be a cold day in he77 before I vote for nnalert.
If you look back at history, you will see when a democrate is in office (presidential office), the economy will prosper, the stock market will increase, and the unemployment rate will drop. When a nnalert is in the office, it is just the opposite. I am not going to argue with anyone about this topic, just google it and look at the past ecomomies and what party was in the White House.
You can blame external_link for the recent decline in the economy all you want, but you must also give him credit for the last 6 years of economic growth and the highest stock market every. We all made money regardless if your a farmer, a welder, construction worker. Don't forget the fact that when Clinton left office, the US had basiclly no debt. Now when Bush left office there was something like 10 trillion dollars in debt???? Don't be blameing Oboma for the debt that this country is in, yes his policies had contributed to it, but if we were not in such debt back in 2008, we would not be where we are now.
Also, look back through history at every presidential election. When there term is up, the economy is shaky to say the least. If it is an election year after the president has served 2 terms and there is going to be a new president no matter what, then the economy is extremly shaky such as it is now.
Correct me if I'm wrong here, Back in the 1970's Carter was in office. Farmers had money and bought new equipments and barns. In the 1980's we had Regan and Bush #1, I think there were lots of goverment subsidies to keep farms a float and no one was spending much money on equipment or barns. In the 1990's Clinton was in office, high prices for milk and grain, farmers expanded and bough equiment. In the 2000's we had Bush #2, milk and grain prices were ar record lows. In the 2010's, there is Oboma, record high prices for milk and grain, new equioment, barns....
Just to clearify, I am not registered with any political parties. I vote for the person who best represents me. I hate Oboma and his policies. However, I do like the income that he has put in my pocket...
It will be a cold day in he77 before I vote for nnalert.
Hay maker2
Member
This is some what a natural cycle that happens through out history. We all can point fingers at this politician or that politician, there is with out a doubt issues with all politiicans associatted with all the political parties.
If you look back at history, you will see when a democrate is in office (presidential office), the economy will prosper, the stock market will increase, and the unemployment rate will drop. When a nnalert is in the office, it is just the opposite. I am not going to argue with anyone about this topic, just google it and look at the past ecomomies and what party was in the White House.
You can blame external_link for the recent decline in the economy all you want, but you must also give him credit for the last 6 years of economic growth and the highest stock market every. We all made money regardless if your a farmer, a welder, construction worker. Don't forget the fact that when Clinton left office, the US had basiclly no debt. Now when Bush left office there was something like 10 trillion dollars in debt???? Don't be blameing Oboma for the debt that this country is in, yes his policies had contributed to it, but if we were not in such debt back in 2008, we would not be where we are now.
Also, look back through history at every presidential election. When there term is up, the economy is shaky to say the least. If it is an election year after the president has served 2 terms and there is going to be a new president no matter what, then the economy is extremly shaky such as it is now.
Correct me if I'm wrong here, Back in the 1970's Carter was in office. Farmers had money and bought new equipments and barns. In the 1980's we had Regan and Bush #1, I think there were lots of goverment subsidies to keep farms a float and no one was spending much money on equipment or barns. In the 1990's Clinton was in office, high prices for milk and grain, farmers expanded and bough equiment. In the 2000's we had Bush #2, milk and grain prices were ar record lows. In the 2010's, there is Oboma, record high prices for milk and grain, new equioment, barns....
Just to clearify, I am not registered with any political parties. I vote for the person who best represents me. I hate Oboma and his policies. However, I do like the income that he has put in my pocket...
It will be a cold day in he77 before I vote for nnalert.
If you look back at history, you will see when a democrate is in office (presidential office), the economy will prosper, the stock market will increase, and the unemployment rate will drop. When a nnalert is in the office, it is just the opposite. I am not going to argue with anyone about this topic, just google it and look at the past ecomomies and what party was in the White House.
You can blame external_link for the recent decline in the economy all you want, but you must also give him credit for the last 6 years of economic growth and the highest stock market every. We all made money regardless if your a farmer, a welder, construction worker. Don't forget the fact that when Clinton left office, the US had basiclly no debt. Now when Bush left office there was something like 10 trillion dollars in debt???? Don't be blameing Oboma for the debt that this country is in, yes his policies had contributed to it, but if we were not in such debt back in 2008, we would not be where we are now.
Also, look back through history at every presidential election. When there term is up, the economy is shaky to say the least. If it is an election year after the president has served 2 terms and there is going to be a new president no matter what, then the economy is extremly shaky such as it is now.
Correct me if I'm wrong here, Back in the 1970's Carter was in office. Farmers had money and bought new equipments and barns. In the 1980's we had Regan and Bush #1, I think there were lots of goverment subsidies to keep farms a float and no one was spending much money on equipment or barns. In the 1990's Clinton was in office, high prices for milk and grain, farmers expanded and bough equiment. In the 2000's we had Bush #2, milk and grain prices were ar record lows. In the 2010's, there is Oboma, record high prices for milk and grain, new equioment, barns....
Just to clearify, I am not registered with any political parties. I vote for the person who best represents me. I hate Oboma and his policies. However, I do like the income that he has put in my pocket...
It will be a cold day in he77 before I vote for nnalert.
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