Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Cattle Sales
Bad advice?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="kenny thomas" data-source="post: 1828473" data-attributes="member: 8993"><p>I study market trends and follow a lot of weekly sales and consider myself fairly informed about cattle prices. Myself and at least a couple others have given some bad advice this summer and fall. All indications were that the calf market was going to stay strong into 2024. A few of us commented about Livestock Risk Protection being a good thing but might not be needed from fall 2023 into the fall of 2024. Wrong, bad advice.</p><p> I have no clue why but the feeder futires market has been falling pretty much every week. Last Friday some months fell $6 to $8. Probably $12 last week </p><p> Today most months fell $6-&6.50. No clue why.</p><p>For some reason i have watched Augist 2024 closer than other months. It was up to 2.82 and maybe higher. Today it finished at 2.38. Thats .44 a lb on 7wt load lots. Thats over $320 a head.</p><p> Livestock Risk Protection would have saved $275 of that price. Im quoting thesr figures off the top of my head but it shows for a little money you could have made a lot of money.</p><p> Whats everyone's thoughts on why the futures are going down so much? It drags the small calf price down as it falls so get ready.</p></blockquote><p></p>
[QUOTE="kenny thomas, post: 1828473, member: 8993"] I study market trends and follow a lot of weekly sales and consider myself fairly informed about cattle prices. Myself and at least a couple others have given some bad advice this summer and fall. All indications were that the calf market was going to stay strong into 2024. A few of us commented about Livestock Risk Protection being a good thing but might not be needed from fall 2023 into the fall of 2024. Wrong, bad advice. I have no clue why but the feeder futires market has been falling pretty much every week. Last Friday some months fell $6 to $8. Probably $12 last week Today most months fell $6-&6.50. No clue why. For some reason i have watched Augist 2024 closer than other months. It was up to 2.82 and maybe higher. Today it finished at 2.38. Thats .44 a lb on 7wt load lots. Thats over $320 a head. Livestock Risk Protection would have saved $275 of that price. Im quoting thesr figures off the top of my head but it shows for a little money you could have made a lot of money. Whats everyone's thoughts on why the futures are going down so much? It drags the small calf price down as it falls so get ready. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Cattle Sales
Bad advice?
Top