Dave
Well-known member
Well the exchange rate varies but using 0.75 as the exchange that is $2.06 at 500 and $2.25 at 400. That beats the prices here by about 25-35 cents.So you are saying I should take $2.75 at 500 and $3 at 4 then.......?
Well the exchange rate varies but using 0.75 as the exchange that is $2.06 at 500 and $2.25 at 400. That beats the prices here by about 25-35 cents.So you are saying I should take $2.75 at 500 and $3 at 4 then.......?
Around the 300kg (660lb) mark should achieve that. If your prices did come up it would help sustain those prices here as our industry is heavily reliant on the export market. Processors won't continue sustain a loss forever before they start shutting down plants and cutting shifts. History will probably repeat itself and when your prices are high ours will be low and vice versa, just gotta make the most of the good times.If my math is any good, that's about $2.10/lb US, using $.775 for US/AU dollar exchange. What kind of weights are those, just out of curiosity? Here is the link to US futures.
Feeder Cattle Futures Quotes - CME Group
Find information for Feeder Cattle Futures Quotes provided by CME Group. View Quoteswww.cmegroup.com
I don't know what the current loony conversion is.So you are saying I should take $2.75 at 500 and $3 at 4 then.......?
If you are locking in at $2.75 for 5 wts now I would think you should sleep soundly all year.Done deal, never made a bad deal that had a considerable profit in it.
YesIf you are locking in at $2.75 for 5 wts now I would think you should sleep soundly all year.
Is that Mr. E securing next years calves already?
On the country page? I'm not seeing anything near that high.Just checking Superior for a bit this am and 900 to 1000lb steers, black, were running in the 155 to 165 range...delivery from March thur early May
Heard recent land auctions were selling extra high. Seems like both crop and cattle price rallies last about two years per cycle. I think it is time to pump the brakes and pay off a few things.Too dependent on the weather, for me to guess. I'm predicting the row crop guys shoot themselves in the foot, and plant wall to wall. If it rains then commodities will be cheap. Nothing Biden is going to do will help our position. China will get our $ and the middle east will starve us to death on fuel prices.
Canadian?On the country page? I'm not seeing anything near that high.
On the country page? I'm not seeing anything near that high.
That is about the same we see here and for those prices they are good cattle.Good black 5wt. steers were at $1.35-$1.45 here this week. Not a lot of optimism at those prices. A 4wt. heifer would get you a whopping $1.15 if your lucky.
Could make good coin with them here. 5 wt steers are $1.70-1.80 and 4 wt heifers are $1.60-1.70. Trouble is the freight getting them here would probably be a killer.Good black 5wt. steers were at $1.35-$1.45 here this week. Not a lot of optimism at those prices. A 4wt. heifer would get you a whopping $1.15 if your lucky.
Thanks for posting. It looks like the expensive heavies are NHTC and natural. That sort of premium surely makes it worth it.
My SIL use to rep for Superior. He said there was a couple of places where the neighbors pooled calves together to make a pot load. They would meet at a location where there was a set of pens and a scale. Said there would be half a dozen goose neck trailers there to meet him. He would end up writing half a dozen checks getting the truck loaded.Good catch... I'm not in a position to sell pot loads but I still wonder how many hoops you'd need to jump thru to get NHTC approved and what it would cost.