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<blockquote data-quote="wbvs58" data-source="post: 1700548" data-attributes="member: 16453"><p>I sold 5 feeder steers yesterday. It was a special steer and bullock show and sale. My steers won $500 for the best pen of heavy feeder steers and then won champion pen of all the feeder steers and I pocketed another $1000, I thought, how long has this been going on, I could get used to that. Then to top it off my steers averaged $2726.10 each, weighed av of 466kg each and brought $5.85/kg. so a gross of $13,630.50 plus the prize money, a good days work.</p><p>I know some will convert that to US dollars but to me it makes little difference as I have the money and am spending it locally. I am not buying new machinery, just providing for my basic needs. The thread the other day about how tough things were in the US farming and how many small farmers were depressed, our situation is just the opposite. In most districts things couldn't be better, the drought has broken in most areas, livestock prices are very good and grain prices are reasonable and there is prospects of a good harvest in spring and land prices are booming. We would be naieve to think that this is how it will be long term but we can certainly enjoy while it lasts.</p><p>Our cattle herd got sold off very heavily over the last few years due to a severe drought in a large proportion of Australia and now people have grass and need to restock. Those who hung onto their cow herd sold their weaners last autumn for good money and are cashed up for buying bulls. The bull sales have been going crazy, our leading Angus seedstock breeder had their sale this week selling over 100 bulls for an average just over $47000. Our exchange rate is keeping our product competitive in international markets helping the feedlots and processors to maintain a small margin. </p><p>Overall things are pretty good here for now.</p><p></p><p>Ken</p></blockquote><p></p>
[QUOTE="wbvs58, post: 1700548, member: 16453"] I sold 5 feeder steers yesterday. It was a special steer and bullock show and sale. My steers won $500 for the best pen of heavy feeder steers and then won champion pen of all the feeder steers and I pocketed another $1000, I thought, how long has this been going on, I could get used to that. Then to top it off my steers averaged $2726.10 each, weighed av of 466kg each and brought $5.85/kg. so a gross of $13,630.50 plus the prize money, a good days work. I know some will convert that to US dollars but to me it makes little difference as I have the money and am spending it locally. I am not buying new machinery, just providing for my basic needs. The thread the other day about how tough things were in the US farming and how many small farmers were depressed, our situation is just the opposite. In most districts things couldn't be better, the drought has broken in most areas, livestock prices are very good and grain prices are reasonable and there is prospects of a good harvest in spring and land prices are booming. We would be naieve to think that this is how it will be long term but we can certainly enjoy while it lasts. Our cattle herd got sold off very heavily over the last few years due to a severe drought in a large proportion of Australia and now people have grass and need to restock. Those who hung onto their cow herd sold their weaners last autumn for good money and are cashed up for buying bulls. The bull sales have been going crazy, our leading Angus seedstock breeder had their sale this week selling over 100 bulls for an average just over $47000. Our exchange rate is keeping our product competitive in international markets helping the feedlots and processors to maintain a small margin. Overall things are pretty good here for now. Ken [/QUOTE]
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