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Bred Cow Price Trend?
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<blockquote data-quote="stocky" data-source="post: 793330" data-attributes="member: 1150"><p>People can't figure out the price situation here, either. Hay is about the same price as last year, but should fall because there is a huge supply of unsold hay. Calves off the cow were a terrible price, much less than last year until they came up last week. And, the price of bred cows and cow-calf pairs going back to the farm is through the roof. Better quality pairs at a sale last week were 1400-1525 per pair. Was hard to find a common pair for under 1000. Bred cows were 1000-1250, if they were any quality at all. Everyone was asking with cheaper calves, hay too high, and corn more than double what it used to be, why are people paying this crazy high price for cows to go back to the farm. Normally, 6 dollar corn means 60-70 cent calves. I guess right now, the export market is holding our cattle up. Hard to figure the market right now, but something has to change. The overall economical situation may dicatate things that we are not looking for. What will happen to the corn price if they do not extend the ethanol subsidies? That could make corn crash and feeder calves skyrocket? Or a disaster happen to close our export markets and cattle crash? Who knows----but it could be a dangerous time to invest alot of money that you don't have in cattle or corn.</p></blockquote><p></p>
[QUOTE="stocky, post: 793330, member: 1150"] People can't figure out the price situation here, either. Hay is about the same price as last year, but should fall because there is a huge supply of unsold hay. Calves off the cow were a terrible price, much less than last year until they came up last week. And, the price of bred cows and cow-calf pairs going back to the farm is through the roof. Better quality pairs at a sale last week were 1400-1525 per pair. Was hard to find a common pair for under 1000. Bred cows were 1000-1250, if they were any quality at all. Everyone was asking with cheaper calves, hay too high, and corn more than double what it used to be, why are people paying this crazy high price for cows to go back to the farm. Normally, 6 dollar corn means 60-70 cent calves. I guess right now, the export market is holding our cattle up. Hard to figure the market right now, but something has to change. The overall economical situation may dicatate things that we are not looking for. What will happen to the corn price if they do not extend the ethanol subsidies? That could make corn crash and feeder calves skyrocket? Or a disaster happen to close our export markets and cattle crash? Who knows----but it could be a dangerous time to invest alot of money that you don't have in cattle or corn. [/QUOTE]
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