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<blockquote data-quote="Alberta farmer" data-source="post: 636475" data-attributes="member: 8978"><p>Everyone has days when the market turns sour and you either take a beating, or you take them home. Works the other way too? The market has an unexpected rise and you just happen to have cattle in the sale!</p><p>I would question the idea that the market is going to get a lot worse though? Not saying it won't happen...but if feeder calves get down in that 45-50 cent range...who is going to keep cattle? At 50 cents on a 550 lb. calf you are looking at $275! Who can keep a cow for $275 and still hope to buy a few beans to feed themselves!</p><p>Both the American and Canadian cow herd are in the liquidation phase. In fact the American cowherd has been decreasing for over ten years! sooner or later demand will excede supply and prices will rise? Sure this gong show with the banks has things pretty tight right now but that won't last forever.</p><p>If the day ever comes when I get 45 cents for feeder calves...the cows will be joining them the next week!</p></blockquote><p></p>
[QUOTE="Alberta farmer, post: 636475, member: 8978"] Everyone has days when the market turns sour and you either take a beating, or you take them home. Works the other way too? The market has an unexpected rise and you just happen to have cattle in the sale! I would question the idea that the market is going to get a lot worse though? Not saying it won't happen...but if feeder calves get down in that 45-50 cent range...who is going to keep cattle? At 50 cents on a 550 lb. calf you are looking at $275! Who can keep a cow for $275 and still hope to buy a few beans to feed themselves! Both the American and Canadian cow herd are in the liquidation phase. In fact the American cowherd has been decreasing for over ten years! sooner or later demand will excede supply and prices will rise? Sure this gong show with the banks has things pretty tight right now but that won't last forever. If the day ever comes when I get 45 cents for feeder calves...the cows will be joining them the next week! [/QUOTE]
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