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Caustic's Crystal Ball
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<blockquote data-quote="backhoeboogie" data-source="post: 807509" data-attributes="member: 3162"><p>I am optimistic as well. Sold 5 weights Tuesday and it was an awesome deal at the sale barn. Check the prices. It was way over your Sept price. <a href="http://www.mlslivestock.com/new_page_6.html" target="_blank">http://www.mlslivestock.com/new_page_6.html</a> </p><p></p><p>The reports said we had a corn shortage back in the fall and corn futures went up, cattle dropped. They are now saying 2010 was the third best year ever for corn production (they admit to a mistake in their estimates) so corn prices are dropping, cattle are rising way up. Feedlots are running at 75% capacity and some have closed/combined because they cannot get the animals to fill them. People are dumping heifers because prices are good. What will that do to future production? </p><p></p><p>I dunno. I truly don't.</p></blockquote><p></p>
[QUOTE="backhoeboogie, post: 807509, member: 3162"] I am optimistic as well. Sold 5 weights Tuesday and it was an awesome deal at the sale barn. Check the prices. It was way over your Sept price. [url=http://www.mlslivestock.com/new_page_6.html]http://www.mlslivestock.com/new_page_6.html[/url] The reports said we had a corn shortage back in the fall and corn futures went up, cattle dropped. They are now saying 2010 was the third best year ever for corn production (they admit to a mistake in their estimates) so corn prices are dropping, cattle are rising way up. Feedlots are running at 75% capacity and some have closed/combined because they cannot get the animals to fill them. People are dumping heifers because prices are good. What will that do to future production? I dunno. I truly don't. [/QUOTE]
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