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<blockquote data-quote="backhoeboogie" data-source="post: 898187" data-attributes="member: 3162"><p>I do not check the CME live. </p><p></p><p>Grass is my main feed. Feed prices are minimal in my operation. Feed mills are not as widespread as the used to be around here. Bulk feed like dad used is no longer an option unless you truck it in. </p><p></p><p></p><p>I have print outs for the past several years on local markets and sell freezer beef to friends at market prices. These do get fed out and the bill is passed on to them. </p><p></p><p>There are no problems with me questioning vets or vice versa. Some vets know way less than most of us. Some are gurus. We simply have to know the difference. </p><p></p><p>I have never bought back one single calve, cow, bull. Never bid on one of mine. Was prepared to PO once but didn't have to. It is a long story. </p><p></p><p>I don't risk the $5 to lock them in. You can still lose and I can tell you a long story about a good friend who did. </p><p></p><p>I've got a cost down to the penny. I like deep black but not like the way I finished in '11. Too much asset is liquidated when you sell off and you are in the calf production operation. My herd is about 1/2 of what it was. That means I will have 1/2 as many calves to market this year. But I am in the black every year operating the way I am operating. </p><p></p><p>I don't watch stock prices daily either. The only time I look is when it is time to sell. Rolled everything out back in election debates 3 weeks too early but thank God I did. </p><p></p><p>Anyway, if cattle prices tank for the next two months, so be it. I don't sell everything at once. Taking a load a month lessens the risk. I can hold off if need be. I buy heifers and put them on pasture when I do buy. They can be converted to cows - or sold. That lessens the risk too. </p><p></p><p>Cattle is a sideline for me. I do not have to make money but that is why I am in the business. I am also building for retirement from my day job and working cattle as a hobby - for profit. </p><p></p><p>Did I miss answering any of the questions in your post?</p></blockquote><p></p>
[QUOTE="backhoeboogie, post: 898187, member: 3162"] I do not check the CME live. Grass is my main feed. Feed prices are minimal in my operation. Feed mills are not as widespread as the used to be around here. Bulk feed like dad used is no longer an option unless you truck it in. I have print outs for the past several years on local markets and sell freezer beef to friends at market prices. These do get fed out and the bill is passed on to them. There are no problems with me questioning vets or vice versa. Some vets know way less than most of us. Some are gurus. We simply have to know the difference. I have never bought back one single calve, cow, bull. Never bid on one of mine. Was prepared to PO once but didn't have to. It is a long story. I don't risk the $5 to lock them in. You can still lose and I can tell you a long story about a good friend who did. I've got a cost down to the penny. I like deep black but not like the way I finished in '11. Too much asset is liquidated when you sell off and you are in the calf production operation. My herd is about 1/2 of what it was. That means I will have 1/2 as many calves to market this year. But I am in the black every year operating the way I am operating. I don't watch stock prices daily either. The only time I look is when it is time to sell. Rolled everything out back in election debates 3 weeks too early but thank God I did. Anyway, if cattle prices tank for the next two months, so be it. I don't sell everything at once. Taking a load a month lessens the risk. I can hold off if need be. I buy heifers and put them on pasture when I do buy. They can be converted to cows - or sold. That lessens the risk too. Cattle is a sideline for me. I do not have to make money but that is why I am in the business. I am also building for retirement from my day job and working cattle as a hobby - for profit. Did I miss answering any of the questions in your post? [/QUOTE]
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