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Feeder Steer/Heifer prices plunging....?
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<blockquote data-quote="calfbuyer" data-source="post: 939587" data-attributes="member: 18445"><p>I think its a little bit of an over reaction to the corn prices. They always say that it is way worse than it is, I do hear that it is pretty bad though. I don't see how the price would just plunge, I think that they'll come down some, but they always do this time of year. Also, overall cattle numbers on a national level are lower than they have been since the 50's. There is a strong demand for beef and low numbers, as limomike said, they will still sell higher than they have in the past. </p><p> I have actually been buying some light weight calves recently, I have plenty of grass and won't have to feed them. They are turned out on fields that i will plant in wheat this fall, we have gotten good rains this year and the johnson grass is chest deep in the fields. I figure i'll keep em till about mid sept. and sell em. I may be making a huge mistake, but we'll see.</p></blockquote><p></p>
[QUOTE="calfbuyer, post: 939587, member: 18445"] I think its a little bit of an over reaction to the corn prices. They always say that it is way worse than it is, I do hear that it is pretty bad though. I don't see how the price would just plunge, I think that they'll come down some, but they always do this time of year. Also, overall cattle numbers on a national level are lower than they have been since the 50's. There is a strong demand for beef and low numbers, as limomike said, they will still sell higher than they have in the past. I have actually been buying some light weight calves recently, I have plenty of grass and won't have to feed them. They are turned out on fields that i will plant in wheat this fall, we have gotten good rains this year and the johnson grass is chest deep in the fields. I figure i'll keep em till about mid sept. and sell em. I may be making a huge mistake, but we'll see. [/QUOTE]
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