Tejas it is a good time to buy cattle, if you are buying. They are cheap.
You need to have really good holding facilities because when you get them to your place, they are going to be looking to go back "home" for the first few days.
You need hay or else winter grazing on your place. If you don't have wheat, oats, or rye planted and already thriving, or you don't have hay, this is NOT a time for you to buy because feed is sky high (that's why cows are cheap now).
If you are bent on this venture, I'd go to some local sale barns and watch the action a few times. Watch what cattle are bringing there. If you have never bought from an auction, DON'T. It takes a lot of experience and most of it comes from mistakes you make. We have all made plenty.
There are a whole bunch of very experienced cattlemen on this board who will help you. Some of them have begun to offer you some good advice. You'd best heed that advice.
If you have never owned cattle before, find a mentor BEFORE you do anything. Don't fall victim to some horse trader trying to make a nickel off of you. Find someone who will show you the ropes and not try to sell you cattle.