Market not that bad

[Margonme]

This chart is not adjusted for "time value of US dollar" but it illustrates the historical range our market is currently at.

 

[HDRider]

I think the concern is the direction.

 

[Margonme]

I think the concern is the direction.

Agreed.

 

[Caustic Burno]

I think you need an aspirin this correction is going to take longer than normal. Too many pounds of beef came in the import door when the ceiling blew off. The worst thing that could of happened to us IMO was the artificial high the 2011 drought created along with a downturn in the global economy.

 

[Nesikep]

I think you need an aspirin this correction is going to take longer than normal. Too many pounds of beef came in the import door when the ceiling blew off. The worst thing that could of happened to us IMO was the artificial high the 2011 drought created along with a downturn in the global economy.

Yep, and it affected prices everywhere.. I don't think there ever was that much of a shortage, it was just another 'bubble' with panic buying... I wish I could get $3.75/lb for small steers still, but I knew prices just couldn't be sustained at that level.

 

[Bigfoot]

I'm fairly pleased with the prices I'm getting (assuming the calf matches what the market demands). I'm not getting rich, but I am operating above expenses.

 

[Caustic Burno]

I'm fairly pleased with the prices I'm getting (assuming the calf matches what the market demands). I'm not getting rich, but I am operating above expenses.

Prime 4 wts should be in the 2 dollar range to match the economy and operating cost.
Bigfoot yes I am meeting cost as well we should be entitled to make a fair profit like any other business. We are heading the way of the dinosaurs read awhile back in Beef I think our type of operations will be gone by 2035.
Good thing about it so will I
We buy retail and sale wholesale.

 

[Margonme]

I'm fairly pleased with the prices I'm getting (assuming the calf matches what the market demands). I'm not getting rich, but I am operating above expenses.

Prime 4 wts should be in the 2 dollar range to match the economy and operating cost.
Bigfoot yes I am meeting cost as well we should be entitled to make a fair profit like any other business. We are heading the way of the dinosaurs read awhile back in Beef I think our type of operations will be gone by 2035.
Good thing about it so will I
We buy retail and sale wholesale.

I agree. Producers have neither the leverage nor the influence to get their "fair" reward.

We live during a time in history when "voodoo" economics rule. Interest rates, currency values, inflation, etc. are manipulated by every world government from lowly Zimbabwe to the United States. As a result, in the US of A, the producer whether it be beef or corn, rolled steel or coal, sheet rock or lumber, gets screwed. No doubt about it. If you and Bigfoot go through your costs like Intel looks at their's, I doubt you are meeting expenses. First example, do you consider that your land even if paid for is tieing up CAPITAL. That is a real cost. If that capital were invested in Cisco or General Electric would you be making more?

 

[Bigfoot]

I'm fairly pleased with the prices I'm getting (assuming the calf matches what the market demands). I'm not getting rich, but I am operating above expenses.

Prime 4 wts should be in the 2 dollar range to match the economy and operating cost.
Bigfoot yes I am meeting cost as well we should be entitled to make a fair profit like any other business. We are heading the way of the dinosaurs read awhile back in Beef I think our type of operations will be gone by 2035.
Good thing about it so will I
We buy retail and sale wholesale.

I agree. Producers have neither the leverage nor the influence to get their "fair" reward.

We live during a time in history when "voodoo" economics rule. Interest rates, currency values, inflation, etc. are manipulated by every world government from lowly Zimbabwe to the United States. As a result, in the US of A, the producer whether it be beef or corn, rolled steel or coal, sheet rock or lumber, gets screwed. No doubt about it. If you and Bigfoot go through your costs like Intel looks at their's, I doubt you are meeting expenses. First example, do you consider that your land even if paid for is tieing up CAPITAL. That is a real cost. If that capital were invested in Cisco or General Electric would you be making more?

Land is $8,000 an acre here. I'm stupid for farming.

 

[Caustic Burno]

Some things have more value than money one is drinking your morning coffee on the front porch in your BVD's
Ain't living where all I need is a weed eater to do the lawn and taxed out the butt. Everything has a cost there is no free ride city or country unless your an Bummer phone owner that just cost your soul

 

[HDRider]

Some things have more value than money one is drinking your morning coffee on the front porch in your BVD's
Ain't living where all I need is a weed eater to do the lawn and taxed out the butt. Everything has a cost there is no free ride city or country unless your an Bummer phone owner that just cost your soul

Amen..

 

[Anonymous]

"We live during a time in history when "voodoo" economics rule. Interest rates, currency values, inflation, etc. are manipulated by every world government from lowly Zimbabwe to the United States. As a result, in the US of A, the producer whether it be beef or corn, rolled steel or coal, sheet rock or lumber, gets screwed."

I think that is the most sensible thing I have read on here. There is absolutely no way to understand markets with out taking that in consideration.

 

[JMJ Farms]

I agree with everything that's been said. But, I don't know what to do about it. All I know to do is to keep on keeping on.

Guess I could sell out, move to Silicon Valley, hope to get rich, then hope to live long enough to come back and buy up a bunch land and cows! Nah, I will just keep plowing.

 

[bball]

I'm fairly pleased with the prices I'm getting (assuming the calf matches what the market demands). I'm not getting rich, but I am operating above expenses.

Prime 4 wts should be in the 2 dollar range to match the economy and operating cost.
Bigfoot yes I am meeting cost as well we should be entitled to make a fair profit like any other business. We are heading the way of the dinosaurs read awhile back in Beef I think our type of operations will be gone by 2035.
Good thing about it so will I
We buy retail and sale wholesale.

Sometimes, the truth just smacks you in the face like a sledge hammer. This entire thread has plenty of it to spare.
Just delivered a load of 5 wts to our number one buyer. Thought about this the entire drive home.

 

[js1234]

I'm fairly pleased with the prices I'm getting (assuming the calf matches what the market demands). I'm not getting rich, but I am operating above expenses.

Prime 4 wts should be in the 2 dollar range to match the economy and operating cost.
Bigfoot yes I am meeting cost as well we should be entitled to make a fair profit like any other business. We are heading the way of the dinosaurs read awhile back in Beef I think our type of operations will be gone by 2035.
Good thing about it so will I
We buy retail and sale wholesale.

4wts. are bringing about $180 pretty handy right now (I'm on our Wyoming ranch at the moment), bought a load of steers for Fall delivery today, $180 at 440. What are you seeing down in that East Texas country?
Also, what sort of operation do you have that won't be here by 2035?
Outlooks and strategies are of great interest to me.

 

[Margonme]

I'm fairly pleased with the prices I'm getting (assuming the calf matches what the market demands). I'm not getting rich, but I am operating above expenses.

Prime 4 wts should be in the 2 dollar range to match the economy and operating cost.
Bigfoot yes I am meeting cost as well we should be entitled to make a fair profit like any other business. We are heading the way of the dinosaurs read awhile back in Beef I think our type of operations will be gone by 2035.
Good thing about it so will I
We buy retail and sale wholesale.

4wts. are bringing about $180 pretty handy right now (I'm on our Wyoming ranch at the moment), bought a load of steers for Fall delivery today, $180 at 440. What are you seeing down in that East Texas country?
Also, what sort of operation do you have that won't be here by 2035?
Outlooks and strategies are of great interest to me.

180 looks pretty good!

I agree with CB maybe not for the same reason. It is difficult for me to imagine that small operations will continue to exist in the next 20 years. Lots of small operations exist because of the lifestyle, not the income. The average producer in Kentucky has only 20 cows. Even an experienced producer at that scale is only making beer money. The fascination with having a few cattle will fade. With changes in demographics and the frustrations of putting a lot in and not getting much out, the novelty of having 20 beef cows will become tired.

 

[Caustic Burno]

They were predicting cattle to go the route of chickens and hogs womb to tomb in a building. That pretty much gets everybody. Don't think it can't happen we are about the last thing left as an independent operator.
4 wts here averaged 1.49 through the barn this week.

Last stat I saw 90% of the cattle in Texas were on operations of 35 head average.
As populations grow only the corporate
Ag operation will survive.
I have never been anything but average over the last 40+ years
I see land and shipping to be the two things that will take out the independent operation .

 

[TennesseeTuxedo]

Well this has been an inspirational start to my day.

 

[Clodhopper]

What's the only thing you can invest in that has been and always be here until the end of time? Land! I've had investments for my entire adult life, and the land I'm using (that's the way I look at it, it will be around much longer than I am) has made me just as much money and been much more fulfilling than any of the mutual funds I own a part of. A successful farmer in my area was quoted as saying once, when it came to investment, "if I can't drive across it or it don't have hair on it, I'm not interested." I agree with him, after riding the stock market roller coaster.
If it were all about money, I would sell myself to lonely old widow women for pleasure!

 

[Caustic Burno]

It won't matter how much land you have if you can't get to market.
BQA is just the first step in moving everything to government systems controlled by regulations all in the name of food safety for the masses.