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    #21
    IAMTHEMole. It is easy to see you are in the feedlot industry. Barley can go a long way without corn helping. I remember barley trading with a $75.00 basis and I was plenty pleased with that year. If I had locked in normal basis that year I would have have netted an extra $1.30 a bushel. I still got $3.95 for the barley.

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      #22
      Hey Rain, Easy big fella, don't kill the messenger. You seem to think I'm fudging numbers. I'm not. Feed barley and feed wheat at current cash numbers will keep it out. $138.00/mt del for barley, with corn staying where it is at now, will not last for long. Cattle will leave or corn will be brought in. Cattle can also be changed from corn to barley and back to corn with little problem. Takes a graduated change over 5 days. Of course you are adjusting for difference in energy values.

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