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<blockquote data-quote="Jogeephus" data-source="post: 1374984" data-attributes="member: 4362"><p>An old wise cattleman once told me you never really make money on your cattle till you sell your herd. Lot of truth in this. Now, I think, would be a good time to build a herd but it amazed me how many people came knocking when they heard I was selling down because cattle were so high and they were wanting to get in the game and make money. </p><p></p><p>The good thing with cattle is you can build a herd or wealth by foregoing income thru the retention of heifers and make a little while building but when things get good sell down and hope you are liquidating at or near the peak. The recent drop in cattle prices was more than expected because Obama promised us over a year ago he was going to open the flood gates to help reduce the price of beef.</p></blockquote><p></p>
[QUOTE="Jogeephus, post: 1374984, member: 4362"] An old wise cattleman once told me you never really make money on your cattle till you sell your herd. Lot of truth in this. Now, I think, would be a good time to build a herd but it amazed me how many people came knocking when they heard I was selling down because cattle were so high and they were wanting to get in the game and make money. The good thing with cattle is you can build a herd or wealth by foregoing income thru the retention of heifers and make a little while building but when things get good sell down and hope you are liquidating at or near the peak. The recent drop in cattle prices was more than expected because Obama promised us over a year ago he was going to open the flood gates to help reduce the price of beef. [/QUOTE]
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