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How far are these feeder prices going to go??
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<blockquote data-quote="M.Magis" data-source="post: 1276919" data-attributes="member: 14175"><p>One has to assume cattle prices are just mimicking the stock market. Most of the theories listed here aren't going to cause the drastic drop, basically overnight, that we've seen. Or maybe it's just been that way here? Neighbors son-in-law sent a load of lighter bull calves two weeks ago and average $3.09/lb. My neighbor took a handful last week, and from what I saw go through the ring, probably averaged $2.25/lb. Same quality. I haven't heard of anything recently that should be causing that sort of drastic drop, other than the stock market, so it has to be based on speculation. Doesn't mean it can't right itself in the next couple weeks. Doesn't mean it will either.</p></blockquote><p></p>
[QUOTE="M.Magis, post: 1276919, member: 14175"] One has to assume cattle prices are just mimicking the stock market. Most of the theories listed here aren’t going to cause the drastic drop, basically overnight, that we’ve seen. Or maybe it’s just been that way here? Neighbors son-in-law sent a load of lighter bull calves two weeks ago and average $3.09/lb. My neighbor took a handful last week, and from what I saw go through the ring, probably averaged $2.25/lb. Same quality. I haven’t heard of anything recently that should be causing that sort of drastic drop, other than the stock market, so it has to be based on speculation. Doesn’t mean it can’t right itself in the next couple weeks. Doesn’t mean it will either. [/QUOTE]
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How far are these feeder prices going to go??
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