kenny thomas
Well-known member
I study market trends and follow a lot of weekly sales and consider myself fairly informed about cattle prices. Myself and at least a couple others have given some bad advice this summer and fall. All indications were that the calf market was going to stay strong into 2024. A few of us commented about Livestock Risk Protection being a good thing but might not be needed from fall 2023 into the fall of 2024. Wrong, bad advice.
I have no clue why but the feeder futires market has been falling pretty much every week. Last Friday some months fell $6 to $8. Probably $12 last week
Today most months fell $6-&6.50. No clue why.
For some reason i have watched Augist 2024 closer than other months. It was up to 2.82 and maybe higher. Today it finished at 2.38. Thats .44 a lb on 7wt load lots. Thats over $320 a head.
Livestock Risk Protection would have saved $275 of that price. Im quoting thesr figures off the top of my head but it shows for a little money you could have made a lot of money.
Whats everyone's thoughts on why the futures are going down so much? It drags the small calf price down as it falls so get ready.
I have no clue why but the feeder futires market has been falling pretty much every week. Last Friday some months fell $6 to $8. Probably $12 last week
Today most months fell $6-&6.50. No clue why.
For some reason i have watched Augist 2024 closer than other months. It was up to 2.82 and maybe higher. Today it finished at 2.38. Thats .44 a lb on 7wt load lots. Thats over $320 a head.
Livestock Risk Protection would have saved $275 of that price. Im quoting thesr figures off the top of my head but it shows for a little money you could have made a lot of money.
Whats everyone's thoughts on why the futures are going down so much? It drags the small calf price down as it falls so get ready.