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I Know that report is small and hard to read but I thought it laid things out pretty well. I know several people that are selling every calf at weaning and culling really hard during these high prices. At the same time they are too scared to buy replace cattle. Can't say I blame them when a 7 year old bred cow is bringing $2,300 plus. We culled really hard but made the decision to keep playing the game and bought back. Hopefully things hold out.



As always high averages are just that. There is $2 a pound between the low and high on all of those weight classes. You could have clenched but cheeks waiting to see where yours land in the group.A small % drop in price is a lot of money if you are buying to resell. Grass calves this year could be like playing Russian roulette.
 
As always high averages are just that. There is $2 a pound between the low and high on all of those weight classes. You could have clenched but cheeks waiting to see where yours land in the group.A small % drop in price is a lot of money if you are buying to resell. Grass calves this year could be like playing Russian roulette.
Yes the market reports are always wide ranging. The market summary at the end is what I thought was good. Probably should have stated that in my post.
 
As always high averages are just that. There is $2 a pound between the low and high on all of those weight classes. You could have clenched but cheeks waiting to see where yours land in the group.A small % drop in price is a lot of money if you are buying to resell. Grass calves this year could be like playing Russian roulette.
Use LRP or forward contract them before you even buy them. Use a pencil and a calculator before you start.
 
As always high averages are just that. There is $2 a pound between the low and high on all of those weight classes. You could have clenched but cheeks waiting to see where yours land in the group.A small % drop in price is a lot of money if you are buying to resell. Grass calves this year could be like playing Russian roulette.
Good point on price spread. I bought a few last June costing from 1.50 to 1.80. Sold them in December for up to 3.30. But i feel i took them from #3's to #1's was a lot of it.
 
I completely understand. I wasn't meaning you specifically.

Buying and selling and trading gets romanticized. No matter if it's real-estate, cattle, stocks, etc.
Oh i love buying and selling whether its cattle or real estate. Missed out on a lot of deals in the past 5 years because i thought real estate was too high. Covid hit and we had an influx of people moving in plus a decent sized Amish community came here so prices went much higher. $1,000 an acre land went to $4,000 an acre very quickly.
 
Here's my thinking on the $2 spread we see on market reports. If you've had cattle awhile you should have an idea where your calves will sell as far as top, middle, or bottom. If your calves always sell at the bottom of $2 range and it upsets you take a harder look at what you've got.

When looking to purchase calves for resale I doubt your going to have much luck buying bottom end cattle and turning them into top end cattle. You might buy bawling top end calves at a discount then straighten them out and ring the bell with them. But your not going to take bottom end Corriente or Okie calves and top the market. You pretty much buy and sell in the same market.

My experience anyway and yes I learned the hard way.
 
That's not easy to do! You must have a very good eye..
Im not sure about that but i have done it for a lot of years. I buy thin calves that usually i know where they came from and how they have been treated. I know most every producer in the area and go to sales every week so yes i guess i might have an eye for them
 
Here's my thinking on the $2 spread we see on market reports. If you've had cattle awhile you should have an idea where your calves will sell as far as top, middle, or bottom. If your calves always sell at the bottom of $2 range and it upsets you take a harder look at what you've got.

When looking to purchase calves for resale I doubt your going to have much luck buying bottom end cattle and turning them into top end cattle. You might buy bawling top end calves at a discount then straighten them out and ring the bell with them. But your not going to take bottom end Corriente or Okie calves and top the market. You pretty much buy and sell in the same market.

My experience anyway and yes I learned the hard way.
There are exceptions….
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You can come and play with my cows. Only -27 celcius this morning. Little fine snow and a breeze to go with it.
Kenny Thomas, that is only -16 F. Just getting to the point where it is cold. A good hat, warm coat and gloves. insulated boots, and long underwear you are good to go. Might throw a wild rag around your neck but that might make you too hot
 
Kenny Thomas, that is only -16 F. Just getting to the point where it is cold. A good hat, warm coat and gloves. insulated boots, and long underwear you are good to go. Might throw a wild rag around your neck but that might make you too hot
It was 68 when i finished working cows about 2pm. I like that better.
 
Im not sure about that but i have done it for a lot of years. I buy thin calves that usually i know where they came from and how they have been treated. I know most every producer in the area and go to sales every week so yes i guess i might have an eye for them
Knowing where they come from is a big advantage to understanding it all. Hard lived decent calves can be turned around for sure with proper feed and nutrients/minerals and a good dewormer
 

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