I introduced myself a while back, but neglected to mention that I am also just 17 y/o. For the past several years I've wanted to participate in the local beef 4H/FFA program. This coming year I have the opportunity to do so, if I would like, and I'm looking for a little advice.
A friend has about 20 red and black angus calves from this past spring he's getting ready to sell. They are nearing 800lbs. I also have to own the animal by March (shouldn't be a problem, even if I pass on these calves). The county fair rules are that the animals must be 1,000lbs by fair time (August 2005) and there is no upper weight limit, although the last judge did prefer them around 1400lbs. How much would I expect a steer to gain between now and August...8 months...and when would be the ideal time to put him on grain to be "finished" at fair time?
Now, this friend has heard rumors that the border may be opening by February, and the market may be flooded by Canadian cattle - dropping the price. Obviously he wants to sell well before then. While I understand that...I'd be depressed to buy a steer at $1/lb (price in the ring last week was $.98-1.11/lb) and then see the price drop drastically in February. Anyone have any ideas as to what the market nationally is likely to do in the next few months and if the border is going to open?
Anything else that may be helpful that you can think of to add would be welcomed. Thanks!
A friend has about 20 red and black angus calves from this past spring he's getting ready to sell. They are nearing 800lbs. I also have to own the animal by March (shouldn't be a problem, even if I pass on these calves). The county fair rules are that the animals must be 1,000lbs by fair time (August 2005) and there is no upper weight limit, although the last judge did prefer them around 1400lbs. How much would I expect a steer to gain between now and August...8 months...and when would be the ideal time to put him on grain to be "finished" at fair time?
Now, this friend has heard rumors that the border may be opening by February, and the market may be flooded by Canadian cattle - dropping the price. Obviously he wants to sell well before then. While I understand that...I'd be depressed to buy a steer at $1/lb (price in the ring last week was $.98-1.11/lb) and then see the price drop drastically in February. Anyone have any ideas as to what the market nationally is likely to do in the next few months and if the border is going to open?
Anything else that may be helpful that you can think of to add would be welcomed. Thanks!