That is the report from the Kamloops sale. Last time I drove through Kamloops it was in BC. So Canadian dollars. Ballpark exchange rate it works out to $2.28 in US dollars.Am I reading that right? 9 weight steers were over $3? And same for heifers? Canadian money or US money? I forget who is Canadian.
yes.. everything has doubled or more.. to be with inflation.. we would need 2400 dollar calves to be where we were at before. This.. "these prices are crazy" isn't true.. they are low.Ya know, we are all salivating over the prices at the moment. If you take inflation into consideration, the new pricing won't be all that great for long. Right now it's just playing catch up for the last 8 years.
@gcreekrch , @Silver , @daneg are all in the western side of Canada, so their prices are in Canadian dollars. Also @Dubcharo is in Canada on the eastern side.... I think @Nesikep is in Canada... or was... not sure exactly where he is working now....Am I reading that right? 9 weight steers were over $3? And same for heifers? Canadian money or US money? I forget who is Canadian.
Part of them are so far out in the sticks they still take bear hides for trade.@gcreekrch , @Silver , @daneg are all in the western side of Canada, so their prices are in Canadian dollars. Also @Dubcharo is in Canada on the eastern side.... I think @Nesikep is in Canada... or was... not sure exactly where he is working now....
Also @Farm Family is in Canada ....
People are still buying tobacco, booze, drugs, jewelry, tattoos, vacations, televisions and all sorts of other luxuries so I guess food hasn't gotten too high yet.Once the price at the grocery store gets so high people can't afford it, and buy other meat instead, and the demand for cattle isn't there anymore, the market will collapse, and prices will return to normal.
I've been saying the same thing, with $4,000+ an acre pasture, $60 hay, $15 cubes, $5 T posts, $100 wire.... $1,200 for a calf ain't much moneyYa know, we are all salivating over the prices at the moment. If you take inflation into consideration, the new pricing won't be all that great for long. Right now it's just playing catch up for the last 8 years.
In my area you just have to like cattle. There are lots of things that pay better with less expense.I've been saying the same thing, with $4,000+ an acre pasture, $60 hay, $15 cubes, $5 T posts, $100 wire.... $1,200 for a calf ain't much money
It is an old joke, but is worth repeating.In 1974 my dad sold calves at $1lb
Took his calf check and bought. A brand new chev heavy 3/4 ton 4x4 truck for less then $7400 out the door.
Same truck would be more than 10 times that price today.
We aren't anywhere near $10 lb for calves right now. Not even getting 1/3 of that today. So explain to me exactly how are todays price for beef out of wack?
I don't think anything has kept up with the inflation on vehicles, they are way overpriced and people just keep buying them and making payments longer and longer.In 1974 my dad sold calves at $1lb
Took his calf check and bought. A brand new chev heavy 3/4 ton 4x4 truck for less then $7400 out the door.
Same truck would be more than 10 times that price today.
We aren't anywhere near $10 lb for calves right now. Not even getting 1/3 of that today. So explain to me exactly how are todays price for beef out of wack?