20% Rage Cubes

[hurleyjd]

Yesterday I bought 50 lb bags of cubes at $12.65 a bag last year this time they were $8.35 a bag. 20% cubes. Pretty steep price increase. To bad I cannot price the calves accordingly.

 

[MurraysMutts]

And they were higher than that a few months ago!

 

[daneg]

There are a lot of input suppliers that make a living off of farmers/ranchers, too bad we can't claim them all as dependants at income tax time!

 

[Lucky_P]

But... 'official' inflation rate is only, like 8.6%!!!

 

[Lucky]

We've been feeding the same custom mix commodity feed for 3-4 yrs now. First year was $190 a ton, last year was $230, now this year it's $385. I'm definitely not a mathematician but that seems like more than 8.6% to me. We haven't fed cubes in several years now...they are just too costly. Very easy to feed and get though and cows love them.

 

[Son of Butch]

We've been feeding the same custom mix commodity feed for 3-4 yrs now. First year was $190 a ton, last year was $230, now this year it's $385. I'm definitely not a mathematician but that seems like more than 8.6% to me.

October 31st Feeder Cattle prices
2017 1.55
2018 1.59
2019 1.50
2020 1.47
2021 1.37
2022 1.77 today up 29% from a year ago

 

[WFfarm]

We've been feeding the same custom mix commodity feed for 3-4 yrs now. First year was $190 a ton, last year was $230, now this year it's $385. I'm definitely not a mathematician but that seems like more than 8.6% to me. We haven't fed cubes in several years now...they are just too costly. Very easy to feed and get though and cows love them.

21.0% and 67.4% increases.

 

[Lucky]

I'm gonna stay on track and do the same thing I do every year.....why change a good thing.....stupidity? Lol

 

[Big Creek]

Don't forget the dc line of bs. It's Russia fault.

 

[faster horses]

October 31st Feeder Cattle prices
2017 1.55
2018 1.59
2019 1.50
2020 1.47
2021 1.37
2022 1.77 today up 29% from a year ago

That's not enough change when you figure cost of machinery and operating expenses.

 

[Son of Butch]

That's not enough change when you figure cost of machinery and operating expenses.

Didn't say it was. Up 18% from pre-pandemic and 29% from year ago.
There are always fluctuating market factors, ie buyer's corn prices and so on.
Always boils down to supply and demand.

 

[faster horses]

Didn't say it was. Up 18% from pre-pandemic and 29% from year ago.
There are always fluctuating market factors, ie buyer's corn prices and so on.
Always boils down to supply and demand.

I wasn't directing that at you, just remarking that the prices aren't keeping up with cost of doing business. But that's nothing new.