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Feeder Steer/Heifer prices plunging....?
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<blockquote data-quote="OklaBrangusBreeder" data-source="post: 939261" data-attributes="member: 2672"><p>At our local Oklahoma City Stockyards, Feeder Steer/Heifer prices have dropped about 11% the last two weeks. Since I've yet to take this years calf crop to market, I'm trying to figure out what to do.</p><p></p><p>Is this recent price drop a temporary over reaction to drought / commodity prices, or is the market truly adjusting to changing conditions that will prevail through the balance of July, August and maybe into the Fall?</p><p></p><p>Financially, I don't think it makes sense to winter the calves in this part of the country and sell next spring. So, I guess my plans are to sell within the next 90-days. So, should I take my calves to market this weekend or do I try to hold into the Fall hoping for some price recovery? What do I do?</p></blockquote><p></p>
[QUOTE="OklaBrangusBreeder, post: 939261, member: 2672"] At our local Oklahoma City Stockyards, Feeder Steer/Heifer prices have dropped about 11% the last two weeks. Since I've yet to take this years calf crop to market, I'm trying to figure out what to do. Is this recent price drop a temporary over reaction to drought / commodity prices, or is the market truly adjusting to changing conditions that will prevail through the balance of July, August and maybe into the Fall? Financially, I don't think it makes sense to winter the calves in this part of the country and sell next spring. So, I guess my plans are to sell within the next 90-days. So, should I take my calves to market this weekend or do I try to hold into the Fall hoping for some price recovery? What do I do? [/QUOTE]
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