They say the beef herds are at the lowwest numbers in 50 years. So that means high prices for feeders and fats, even with high grain prices, which uselly spells disastor for beef prices.
Good Article
Edited: Just looked up Feeder and Live Cattle prices on the board and it is up to $130 for feeders and $112 for live. That is up 82% from last year for feeders and up 81% for Live cattle
At the local sale barn the feeders are going for $1.25-1.45 for 400-500lbs steers, and $1.10-$1.15 for 1000-1100lbs Steers
:shock: WOW! SELL THE FARM!!!!...LOL
If prices stay like this i'm going to buy some dirt cheap cows just to have calves, but that is going to be hard to cause even slaughter cows are going for a lot...sold a old cow for $225 a lot more then i've ever got for slaughter cows in her conidtion.