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2 lots of steers and one of heifers from Guichon Creek in the mix. Decide to not market calves yet, hopefully not a mistake but hard to sell something that doesn’t exsist.
 
gcreekrch said:
2 lots of steers and one of heifers from Guichon Creek in the mix. Decide to not market calves yet, hopefully not a mistake but hard to sell something that doesn't exsist.
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I hear you. Been wrestling the last while with the idea of contracting my calves. But agree, hard to sell something that doesn’t exist. I’d like to educate myself a bit on hedging with the futures market, but that makes my head hurt every time I try.
 
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Some of the problem is being able to get out of the position. Margin call on a large position can be a huge financial hardship. The only people always making money are the brokers selling the product. As the saying goes ''roll high and sleep in the street''.
 
I like the very honest description of the cattle. It gives the buyer a good chance to figure if there top bid will work. Good job on a good sale!
 

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