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Cattle Boards
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Can a feedlot make any money at these prices?
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<blockquote data-quote="iowafarmer" data-source="post: 1064149" data-attributes="member: 7792"><p>They aren't making money actually feeding the cattle. The big guys are making it on the board. Know their costs to the penny when everything aligns on the board to make money they lock everything in from feed costs to purchase and sell price. Lots of ways to look at it depending on who you're talking to, what your position is. Some guys make it look bad on taxes but good to the banker. All about perspective. Granted one wrong step and you can loose big. It's quite the game they play. Takes some serious balls to play with the amount of money these guys do. As always there are some making money and some loosing money. The good ones make money and the bad ones loose money.</p></blockquote><p></p>
[QUOTE="iowafarmer, post: 1064149, member: 7792"] They aren't making money actually feeding the cattle. The big guys are making it on the board. Know their costs to the penny when everything aligns on the board to make money they lock everything in from feed costs to purchase and sell price. Lots of ways to look at it depending on who you're talking to, what your position is. Some guys make it look bad on taxes but good to the banker. All about perspective. Granted one wrong step and you can loose big. It's quite the game they play. Takes some serious balls to play with the amount of money these guys do. As always there are some making money and some loosing money. The good ones make money and the bad ones loose money. [/QUOTE]
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Can a feedlot make any money at these prices?
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