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Not sure I fully understand cattle prices, a little help
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<blockquote data-quote="Dave" data-source="post: 516085" data-attributes="member: 498"><p>One of the other ways to look at this is to call some buyers/feedyards and ask what they would pay for the size cattle you plan to have if they were contracted to them for delivery 90 days out. Beings as you are talking truck load lots there are people who will buy them that way. I have a friend who has a couple hundred of 6 wt steers. He just contracted them for a mid July delivery at $1.02 weighing 850. You can actually contract for a delivery price and size on cattle that you don't even own yet (that is a bit risky).</p><p>There are three main points to figure on. The cost to buy. The cost of gain. And the price when you sell. Too many people wait until they are ready to sell and just take what they get rather than forward looking and locking in a price that makes a profit.</p></blockquote><p></p>
[QUOTE="Dave, post: 516085, member: 498"] One of the other ways to look at this is to call some buyers/feedyards and ask what they would pay for the size cattle you plan to have if they were contracted to them for delivery 90 days out. Beings as you are talking truck load lots there are people who will buy them that way. I have a friend who has a couple hundred of 6 wt steers. He just contracted them for a mid July delivery at $1.02 weighing 850. You can actually contract for a delivery price and size on cattle that you don't even own yet (that is a bit risky). There are three main points to figure on. The cost to buy. The cost of gain. And the price when you sell. Too many people wait until they are ready to sell and just take what they get rather than forward looking and locking in a price that makes a profit. [/QUOTE]
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Not sure I fully understand cattle prices, a little help
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