farmerjan
Well-known member
We had a meeting recently on the LRP ....know the guy that sells it just north of here... I was wondering about the daily updates on the futures prices...
When I talked to Jack he asked me if I want to get the daily emails. I said yes and have been getting them ever since.We had a meeting recently on the LRP ....know the guy that sells it just north of here... I was wondering about the daily updates on the futures prices...
You never make a bad business deal that has a profit in it.Thanks, @Dave ... Yes I realize it is not for "his cattle" specifically, but based on the nationwide price. I wasn't sure about the selling end... thinking maybe they had to be sold at a recognized place... but then, that's a dumb thought on my part... Sometimes I can wrap my head around a concept... and sometimes it just escapes my common sense. Your explanation made alot more sense to me....
My son is good friend's with this guy... and the guy that offered him the 2.15 has always been a good trusted buyer.... so i would think the contract was very good...
I would have made the deal and been satisfied with a guaranteed price down the road... if it tanks he will really lose out... Like @kenny thomas .... sign it and be happy... trying to wring out the POSSIBILITY of more sometimes is greedy. Yes, we all want to top the sale so to speak... but making a decent amount is sometimes better than chasing the last penny...
Another good point kenny made about the location of the animals vs the sale price... yes, here we often see a bit of a discount due to the trucking of animals to more distant feedout lots...
Another reason to have made the agreement... especially with no commission costs and no drift loss...
Oh well, we shall see..
@Dave, how do you get on a list like you mentioned about getting daily updates on things like that? I go on DVAuction often to check up on prices and all...
Yes, but it would be a tax-deductible recreation.I thought about running on one just to see how far he would go but I decided to keep my money.
Killers were well over $1 here, the fattest brought the most.Seeing more herd dispersals here. Had two people recently tell me how profitable cows are, and how kill cows will be worth over U$S 1.20 this fall. I asked them if they were buying. No...
Sounds like many fixate on what the big top dollar corn silage fed cows bring. An average hay fed cow is worth much less. This week they were 84 to 88 cents here.
Market top is close to $1.30 but average is much less. Too many cows in upper mid west?Killers were well over $1 here, the fattest brought the most.
You have to go on the average when buying cows. If I had run him clear up to $2,000 it would have only raised my average by $20.Yes, but it would be a tax-deductible recreation.
Most of the time when I get the same idea you had, I flinch first. Unless you get one bought way back down the pole to where you can run at him all day until he sells one to you over your money, you are not hurt.Went to the sale today. They had 60-70 bred cows and heifers. One guy was buying everything. He must have bought 90% of the breds. Short breds, long breds, heifers, full mouth cows, old cows. He was paying $1,650 for cows I have been buying for $1,200. I felt like telling him to swing by my place and make me an offer. I thought about running on one just to see how far he would go but I decided to keep my money.
Wow.6 yr old open pairs weighing 1500lb plus bringing 2800 to 3200 a pair today in Beaver Oklahoma