I replied to a post in the Beginners section with my opinion and I wanted to ask the rest of you CT'ers your opinion.. Do you think the devastation/loss in the Midwest this spring will affect the fall market reports at all?
5S Cattle said:I don't see how it couldn't. But then again, I'm still expecting to be broke at that time so don't bank on my opinion. How many head did they lose up there?
Cattle losses in Nebraska from the March flooding will be much lower than previously reported, the Nebraska Department of Agriculture said this week.
Director Steve Wellman said reports of up to a million cattle killed in the natural disaster are not accurate.
U.S. Department of Agriculture Secretary Sonny Perdue had said during a TV interview after the flooding that as many as 1 million calves were lost in Nebraska. That total was later walked back.
"We haven't come up with a number, but it's estimated to be closer to thousands,'' Wellman said.
Bobbie Kriz-Wickham, the public affairs and outreach coordinator for the Nebraska Farm Service Agency, agreed that the numbers should be significantly lower than what Perdue said.
But no one knows yet how much lower.
True Grit Farms said:Hurricane Harvey, ND - SD spring blizzard, and the mid west drought last year had no impact on cattle prices. Like it or not the cattle prices are controlled by the stinking paper pushers.
sim.-ang.king said:Not a lot.
Cattle inventory is higher than pre-2011 numbers. Also imports are higher to make up the difference. Plus a lot of cows that were counted as "lost to the flood" could of just swam down stream and end up in someone else's pasture. Floods usally are less damaging than long term droughts which take years to recover from. Sucks for the people that have to live through the flood though.
This summer will have greater effect on prices than what this winter did.
TNRiver said:True Grit Farms said:Hurricane Harvey, ND - SD spring blizzard, and the mid west drought last year had no impact on cattle prices. Like it or not the cattle prices are controlled by the stinking paper pushers.
I understand us common producers have even less control than we think we do on the markets... but who exactly are you meaning by the "paper pushers"?
All states have maverick laws, so you can't legally sell an animal that just shows up at your back door. Google maverick laws in x state, to learn more.TNRiver said:sim.-ang.king said:Not a lot.
Cattle inventory is higher than pre-2011 numbers. Also imports are higher to make up the difference. Plus a lot of cows that were counted as "lost to the flood" could of just swam down stream and end up in someone else's pasture. Floods usally are less damaging than long term droughts which take years to recover from. Sucks for the people that have to live through the flood though.
This summer will have greater effect on prices than what this winter did.
That's an interesting point... what exactly would be the protocol in this instance? Honor system to return the cattle? Chalk it up to a total loss? Depend on the brand and tag of your cattle to be identified?... Just curious, because this type of event is extremely uncommon in my neck of the woods (East TN)