Frank Barnets

speaker
52 appearances 1 recordings 1 series first heard Oct 2025 last heard 30 Oct

Frank Barnets’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Oct 2025 with 1.

Appearances

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Right after the president made that announcement, the Chicago Board of Trades went limit down and immediately the prices just started plummeting.
That's occurred since that he made that announcement on Thursday evening, Friday, it was limit down and it continues to be down up until today.
What cattle were bought and sold at auction houses last week are from $30 to $50 a hundred less today than they were, what, five days ago.
okay so so the auction sells uh the livestock based on weight um and it's a price per pound um that's that's given or you just extrapolate it to a price per hundred pounds so the 30 or to 50 dollars a hundred less is 30 to 50 cents a pound less than it was five days ago
And a movement in this market of anything over five cents is traumatic.
So when you're talking about 30 to 50 cents, the effect is just horrendous.
And that volatility is what makes that uncertainty for anyone to be able to make a plan.
We're no different than any other large business, except we're at a lot smaller scale in most cases.
But that volatility doesn't let us plan for our future or in many cases now, not even into the next month.
So you have to have some level of security with our markets.
And just like James was saying, any of these offhanded comments have such a reflection on the market because the market is so shaken right now and unstable that it reacts just in seconds to those comments.
I can say that they're turning against the policies.
I'd say that's been a pretty much of a pattern that's been going on, at least in the last few weeks.
We as beef producers want to stick together with all of agriculture.
So what was occurring with the grain producers and the hit that they were taking, we were coming on board with them and saying that these policies were poor and that they were going to affect all of agriculture.
Now then it's affected the beef producers.
I mean, so all of us in agriculture now are all working against the same policies.
And again, I think that's really been beneficial to unite the agricultural groups.
I wanted to go back real quick to how capital intense agriculture is.
And the younger producers are even more capital oriented than anyone else.
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