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<blockquote data-quote="BC" data-source="post: 636520" data-attributes="member: 67"><p>I agree with Caustic. If you are old enough to remember 1974-75 then you can remember how bad things can get. Packer cows sold for less than $0.10 per lb and the best calf at the sale brought $0.25 per lb. In the summer of '73 before the government stepped in and put a freeze on beef prices, it looked like cattlemen would never see another poor day. That turned into a wreck.</p><p></p><p>1996 was bad here in Texas due to drought. That taught me an expensive lesson in stocking at capacity. I( have learned to buy yearlings in years with extra grass.</p></blockquote><p></p>
[QUOTE="BC, post: 636520, member: 67"] I agree with Caustic. If you are old enough to remember 1974-75 then you can remember how bad things can get. Packer cows sold for less than $0.10 per lb and the best calf at the sale brought $0.25 per lb. In the summer of '73 before the government stepped in and put a freeze on beef prices, it looked like cattlemen would never see another poor day. That turned into a wreck. 1996 was bad here in Texas due to drought. That taught me an expensive lesson in stocking at capacity. I( have learned to buy yearlings in years with extra grass. [/QUOTE]
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