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<blockquote data-quote="Warren Allison" data-source="post: 1846062" data-attributes="member: 40587"><p>Conventional wisdom a few weeks ago, was that there would be a drop in prices until about now, as the Texas panhandle cattle flooded the market, followed by a drastic increase in prices as this glut was absorbed. So far, I haven't noticed much of a drop at all, in any part of the country. I would guess that by now, any of those producers that would have had to liquidate their herds, may have done so by now? Or maybe enough people elsewhere have responded with hay etc, that not as many herds are having to be liquidated as thought at first? It is a nerve-racking time for sure. It is like the times when gold goes through the roof, or stocks. Do you sell out now, or hold to see if prices go even higher? Do you keep buying gold or stocks at the higher prices, in anticipation of prices rising even higher? Taking the chances that prices may fall again, and you are holding stocks or gold that isn't worth what you paid for it? Can you afford to sit on it til it rises again, or do you cut your losses, sell out, running those prices even lower? A good strategy in a volatile stock market, is dollar cost averaging, but is that feasible with cattle? One thing about gold or stocks you may hold....they just sit their and you don't have to feed them. And you don't need more land to buy them up and hold them. A lot of cattle come from farms, sometimes <em>huge</em> farms with<em> lots </em>of cattle, that are owned by people with other businesses and other incomes, that the farms and ranches are mostly used as tax advantages. But for the people who farm and ranch full time...that this is their only source of income.... my hat goes off and my heart goes out, to you. Cattle ranching now, maybe more now than ever, is<em> not</em> for sissies.</p></blockquote><p></p>
[QUOTE="Warren Allison, post: 1846062, member: 40587"] Conventional wisdom a few weeks ago, was that there would be a drop in prices until about now, as the Texas panhandle cattle flooded the market, followed by a drastic increase in prices as this glut was absorbed. So far, I haven't noticed much of a drop at all, in any part of the country. I would guess that by now, any of those producers that would have had to liquidate their herds, may have done so by now? Or maybe enough people elsewhere have responded with hay etc, that not as many herds are having to be liquidated as thought at first? It is a nerve-racking time for sure. It is like the times when gold goes through the roof, or stocks. Do you sell out now, or hold to see if prices go even higher? Do you keep buying gold or stocks at the higher prices, in anticipation of prices rising even higher? Taking the chances that prices may fall again, and you are holding stocks or gold that isn't worth what you paid for it? Can you afford to sit on it til it rises again, or do you cut your losses, sell out, running those prices even lower? A good strategy in a volatile stock market, is dollar cost averaging, but is that feasible with cattle? One thing about gold or stocks you may hold....they just sit their and you don't have to feed them. And you don't need more land to buy them up and hold them. A lot of cattle come from farms, sometimes [I]huge[/I] farms with[I] lots [/I]of cattle, that are owned by people with other businesses and other incomes, that the farms and ranches are mostly used as tax advantages. But for the people who farm and ranch full time...that this is their only source of income.... my hat goes off and my heart goes out, to you. Cattle ranching now, maybe more now than ever, is[I] not[/I] for sissies. [/QUOTE]
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