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kenny thomas

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Yesterday in Ky some load lots brought the following price.
1028 Lb 314, 1053 lb 309.50. 375 lb 6.80, the first two loads had 52 hd and 55hd, small cattle had 280 hd. Will this figure out as profitable with LRP?
 
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LRP is an insurance policy. From my understanding it can save you from a disaster but can not insure a profit. Check with an insurance broker and see what they offer.
 
I guess i didn't say it as i meant it.
At those prices can an LRP be bought at a high enough price that the calves will not loose money. In a way that guarantees a profit.
 
1,028 x $3.14=$3,227 If you take them up to 1,500 pounds it is 1,500-1028= 472 lbs. 1,500 x $2.40 (current top price) = $3,600
$3,600 minus $3,227 = $373 So you have $373 to put on 472 lbs. That works out to $0.79 a pound.
Someone is either betting that fat cattle will continue to go up or they have some real cheap feed.
 
I wouldn't think feeding those little ones to 1,500 would be any better at 90 cents. Lots more interest and death loss to cover over the next year. Crazy stuff.
 
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There are a lot of cattle feeders selling high priced fat cattle that are debating how to ''reload'' there lots. If they do not have calves contracted it is a scary thought to buy a couple hundred head of light calves and hope the wheels stay on for the next year.
 
mwj said:
There are a lot of cattle feeders selling high priced fat cattle that are debating how to ''reload'' there lots. If they do not have calves contracted it is a scary thought to buy a couple hundred head of light calves and hope the wheels stay on for the next year.
Click to expand...
The issue is most "contracted" cattle don't have a dollar number in the contract. The vast majority of those contracts the price is a formula which is largely based on what cash cattle were selling for the previous week.
 
When I say contracted I am talking about feeders coming in that are bought on Superior or others for a later delivery. As far as I am aware that price is locked in when the sale is over.
 
mwj said:
When I say contracted I am talking about feeders coming in that are bought on Superior or others for a later delivery. As far as I am aware that price is locked in when the sale is over.
Click to expand...
I thought you were referring to the price paid by the packer once the critters are finished. Yes, I have sold on both Superior and Western. The price and delivery date(s) are listed in the contract. Price is exact. Delivery is generally in a window with the rep determining the exact date.
 
sstterry said:
A friend of mine, who has transitioned from cow-calf to selling freezer beef, is concerned because he cannot afford to buy dairy steers to restock.
Click to expand...
I went to the Holstein sale in Sweetwater TN 2 weeks ago and they had some very good Jersey steers there weighing over 1000. But they sold higher than i could sell them for beef.
 

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