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<blockquote data-quote="Dave" data-source="post: 797602" data-attributes="member: 498"><p>I read yesterday where a pen of 60 or so 340 pound black steers brought $200.35/cwt at a sale in Kanasas. Over 100 of their brothers weighing 445 brought $184/cwt. It isn't that high here but the market is most certainly up and at a time of the year when we historically are at the low point for the year. </p><p></p><p>Cash fats are over a dollar and have been for several weeks. The futures market on fats is up to $1.09.</p><p></p><p>I went to a stock cow sale last week. Bred heifers were $1,250 and 3/4 year old cows were $1,350 all day long. The top of the sale was 30 head of 3 year old angus cows that brought $1,475. The few blind, crippled, or crazies that got sorted out brought around 60 cents a pound to kill. At 60 cents a 1,200 pound cow is worth $720 to kill. That puts the bottom of the market up a ways. </p><p></p><p>It is looking like a good year to own cattle.</p></blockquote><p></p>
[QUOTE="Dave, post: 797602, member: 498"] I read yesterday where a pen of 60 or so 340 pound black steers brought $200.35/cwt at a sale in Kanasas. Over 100 of their brothers weighing 445 brought $184/cwt. It isn't that high here but the market is most certainly up and at a time of the year when we historically are at the low point for the year. Cash fats are over a dollar and have been for several weeks. The futures market on fats is up to $1.09. I went to a stock cow sale last week. Bred heifers were $1,250 and 3/4 year old cows were $1,350 all day long. The top of the sale was 30 head of 3 year old angus cows that brought $1,475. The few blind, crippled, or crazies that got sorted out brought around 60 cents a pound to kill. At 60 cents a 1,200 pound cow is worth $720 to kill. That puts the bottom of the market up a ways. It is looking like a good year to own cattle. [/QUOTE]
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