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whats driving cattle prices up so much
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<blockquote data-quote="Lucky" data-source="post: 1820835" data-attributes="member: 32659"><p>When looking at salebarn numbers we really need to pay more attention to cows sold than total head sold. The barns here may sell 2,000 hd a week but only 5-600 of that will be cows. To narrow it farther down half or more are open or slaughter cattle. I think looking at cows sold gives a better picture of the direction local producers are headed in. I'm hoping the futures on Feeder Cattle are correct and the market stays strong for another year but have my doubts. With operating loans at 9.5% I'm not sure how many BTOs are willing to risk it. That along with the fact the futures may or may not reflect current salebarn prices these days. </p><p></p><p> The old addage of selling calves and buying a new truck don't work anymore. If you want a 1979 model truck go buy one for 5k and put 5k more in it. You'll have a truck that'll do what one did in 1979. I like my 1996 F250 but It sure won't do much.</p></blockquote><p></p>
[QUOTE="Lucky, post: 1820835, member: 32659"] When looking at salebarn numbers we really need to pay more attention to cows sold than total head sold. The barns here may sell 2,000 hd a week but only 5-600 of that will be cows. To narrow it farther down half or more are open or slaughter cattle. I think looking at cows sold gives a better picture of the direction local producers are headed in. I'm hoping the futures on Feeder Cattle are correct and the market stays strong for another year but have my doubts. With operating loans at 9.5% I'm not sure how many BTOs are willing to risk it. That along with the fact the futures may or may not reflect current salebarn prices these days. The old addage of selling calves and buying a new truck don't work anymore. If you want a 1979 model truck go buy one for 5k and put 5k more in it. You'll have a truck that'll do what one did in 1979. I like my 1996 F250 but It sure won't do much. [/QUOTE]
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whats driving cattle prices up so much
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