C-Ranch":lxaegbi9 said:
I have a neighbor that bought 40 head of bred heifers in May at a cost of $3,000 a HD. I about died when he told me what he had paid and told him he better hope prices stay up or be prepared to eat beans and rice. He seemed fairly confident we would see even higher prices than last year (2014), I'm sure he is sweating bullets about now.
I had about 10-12 different row crop guys approach me within the last year about diving into the cattle. My advice was ease in slowly...market is at a high, typically not best time to buy, but if you must, go easy and slow. A few listened, most didnt. One fella just told me last week he loaded up on a dozen commercial bred heifers for $3200/hd. Just shook my head.