Cattle Prices
- Thread starter 42acres
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Supply and demand. Whenever pricing on anything falls, it's because there's either more people selling or less people buying or some combination of the two.
Drought (a key issue in GA) and feed scarcity (costs) push people to sell (supply goes up) instead of retain or buy (demand goes down). Further, cost of everything is on the rise so household disposable income is down so follows beef consumption. Demand is down. This is further complicated by inability to reopen much of the Asian beef markets and a myriad of other global factors.
But it comes down to there's more people selling than buying.
Drought (a key issue in GA) and feed scarcity (costs) push people to sell (supply goes up) instead of retain or buy (demand goes down). Further, cost of everything is on the rise so household disposable income is down so follows beef consumption. Demand is down. This is further complicated by inability to reopen much of the Asian beef markets and a myriad of other global factors.
But it comes down to there's more people selling than buying.
Caustic Burno
Well-known member
Just do what I have for the last thirty years buy high and sell low.
There are so many factors from regional, fuel, feed, imports, economy and supply and demand.
There are so many factors from regional, fuel, feed, imports, economy and supply and demand.
Southern calves have always been discounted for the extra costs of hauling to feedlots-- but its even more pronounced lately with diesel prices.
And the local market is hurt because of the stress of short local feed supplies due to the drought and the high costs of feed hauled in.
And the local market is hurt because of the stress of short local feed supplies due to the drought and the high costs of feed hauled in.
hillrancher
Well-known member
Caustic Burno":qrfdvsr5 said:
I have been told this by people just like you for 40+ years. Check they own more than 51% of the bank they use. Don't worry Bush's hand out is on its way.
Jim62
Well-known member
One thing that really seems to have an effect on the calf market is when I decide to sell mine. I can pretty much figure that whatever the market reports say will be reduced by $10 to $20 on the day my calves go through. Sometimes I wonder if the sale barns are really being totally honest in their reports.........
Jim62":c2nlhaqo said:
I recently talked with a rep from one of the larger salebarns in the area. He said that the market prices that they give are for larger groups, 5-10 and under sized lots aren;t even kept track of for the sales report records. That's the reason that what you get for calves may not even look like the salesreport figures. We sold some calves a couple of weeks ago. The one steer sold for higher then the salesreport figures, the 4 heifers sold for less.
42acres":frrcoiai said:
Always buy cattle at a higher altitude above sea level then you sell. That's why I try to buy as much stuff as I can in Colorado and like to sell in LA or FL. Something my grandad taught me.
dyates
Well-known member
Always buy cattle at a higher altitude above sea level then you sell. That's why I try to buy as much stuff as I can in Colorado and like to sell in LA or FL. Something my grandad taught me.[/quote]
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:lol2: :clap:BusterBrown
Well-known member
Angus/Brangus":48ck210x said:
:lol2: :lol2: :lol2:
Which direction are you facing when you do that?
:clap: :clap: :???:
BC
Well-known member
Over here we buy from the left and sell to the right :shock: Works every time.[/quote]
:lol2: :lol2: :lol2:
Which direction are you facing when you do that?
:clap: :clap: :???:[/quote]
Good question.
:lol2: :lol2: :lol2:
Which direction are you facing when you do that?
:clap: :clap: :???:[/quote]
Good question.
Green Creek
Well-known member
Two guys were hauling cattle to Texas and lost money on every load. After scratching their heads for awhile, they decided what they needed was a bigger truck. Sounds like everyone needs a bigger truck!
carolkeiser
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Correct--but supply and demand of all inputs too. Currently, the high price of grains and the demand for biofuel feedstocks impacts all animal protein. The issue of the southeast is transportation and logistical costs. I use to buy feeders from FL, VA, NC and send them to westerm feedlots after conditioning in IL. This is no longer a viable business option because of the extended costs and price risks.
