Gulke: Prices Rally to Levels Not Seen in Months

January 21, 2017 06:06 AM
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Off to a good start so far in 2017, says Jerry Gulke, president of the Gulke Group. The third week of January saw some impressive moves, as prices rallied back to levels not seen in months. Livestock and grains saw a recovery well into the new year, despite recent negative attitudes in the markets.

Gulke explains what he saw this week in the markets and discusses the implications of the Trump administration on Farm Journal Radio.

Listen to Jerry Gulke’s commentary: 

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Spell Check

Eustis, NE
1/23/2017 11:46 AM

  Hey, Keith. What do you do for a living In Maine? Apparently it isn't agriculture or lumber related. The Majority (farmers, ranchers, industry) are not going to miss Obama and his EPA and PETA friends that are trying to put farmers and most anybody else that provide you with a job, food, fuel, electricity and a roof over your head out of business.

Joe Farmer
Little town, IA
1/21/2017 09:15 AM

  Seriously Jerry? You think the Obama administration has been great for the country? He's tripled the federal deficit in 8 years in office. The Nasdaq and Dow has went up because President Donald Trump won the election. Yeah, you should keep your political bias out of your speeches, especially when talking to rural America. Obama has been a disease and Trump is the cure. Oh, and guys, don't pay attention to Machinery Pete. Prices are absolutely ridiculous. You can get the same equipment for 40 percent less by buying on auctions, especially online auctions. These equipment dealers are absolutely jousting the hard working farmer. It's not right. I have some stories to tell but they're too long.

Eastern, NE
1/21/2017 01:08 PM

  Time will tell. Only reason stock market soared was due to horrifically low interest rates on savings accounts. Money managers had no other place to put their money besides the commodities. If passbook rates and CD's got back to their norm of 5% and 8% respectively, do you think the stock market would be so robust? Quantitative easing and the Fed's keeping interest rates unrealistically low helped drive the market. What happens when the Fed sells what it bought during the QEs? If inflation does rear its ugly head, wages are going to have to increase dramatically. Realistically, wages haven't kept pace with costs--that signals the start of a deflationary period. Why do you think that Millennials don't want to leave home? They can't necessarily afford it due to their wages not keeping pace with the previous generations at the same age. Those low interest rates drive up the price of land, housing and equipment. Too many people, farmers included, are more worried about their payment and NOT the overall debt or cost of something. It always comes back to bite us!


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