“First, quit talking about what might happen. It isn’t good to keep guessing what the market will do. Deal with what the market is doing, not what it might do.”
— Bud Williams
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Not exactly sure what is required here, but going off of the quote I think everyone bases the markets based on an emotion of what they subconsciously hope for. Current numbers take all emotions out of anything. Numbers do not lie.
Yes!! You are exactly correct. The only thing we know is today’s price and value for our livestock, feed, and money. Then, we make sell/buy decisions based on those prices and values alone. Not what we hope might happen.