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Not so good day at the sale barn...
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<blockquote data-quote="BC" data-source="post: 605911" data-attributes="member: 67"><p>Don't blame the sale barns - put the blame on the high rollers that have taken our economy and turned it upside down.</p><p></p><p>I went to Carthage, TX Tuesday to the sale. Saw some good 650 to 725 lb steers (not bull yearlings). They brough $78 per cwt. Thinking that looked too cheap, I went home and did some pencil pushing. At $78 per cwt., it would probably take $85 per cwt to put together a load of 75 head and get them to the Texas panhandle from East Texas. Cost of gain in feed yard would be $0.80 to $0.85 per lb. <u>IF </u>the cattle gained 3 lbs. a day, interest at 7%, a 1% death loss and $15 per head for miscellanous expenses. The futures market for June was $81.25. Those steers would loose about $65 per head.</p><p></p><p>Until feeding cattle gets profitable and the feeders make up some equity l;ost the last two years, our calf prices will suck.</p></blockquote><p></p>
[QUOTE="BC, post: 605911, member: 67"] Don't blame the sale barns - put the blame on the high rollers that have taken our economy and turned it upside down. I went to Carthage, TX Tuesday to the sale. Saw some good 650 to 725 lb steers (not bull yearlings). They brough $78 per cwt. Thinking that looked too cheap, I went home and did some pencil pushing. At $78 per cwt., it would probably take $85 per cwt to put together a load of 75 head and get them to the Texas panhandle from East Texas. Cost of gain in feed yard would be $0.80 to $0.85 per lb. [u]IF [/u]the cattle gained 3 lbs. a day, interest at 7%, a 1% death loss and $15 per head for miscellanous expenses. The futures market for June was $81.25. Those steers would loose about $65 per head. Until feeding cattle gets profitable and the feeders make up some equity l;ost the last two years, our calf prices will suck. [/QUOTE]
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Not so good day at the sale barn...
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