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Retaining heifers?
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<blockquote data-quote="Lucky" data-source="post: 1844527" data-attributes="member: 32659"><p>I can't remember the exact year the last time cattle were high like this but thinking it was around 2014? Things were different then than they are now though. I had the feeling that was going to be a short lived cycle so we didn't expand. This round of high prices is looking to last another 2-4 yrs so not keeping heifers or buying replacement cows just doesn't seem like an option for a guy that's been in the game awhile. I also hear allot of talk about selling out and buying back in when prices go down. Doing that seems like a good plan at face value but looking a litter deeper doesn't look so good. Not only are you going to miss out on the high calf prices but you may end up paying taxes on those cattle if this last long enough. You also have to keep in mind the number of years it takes to build a good cow herd.</p></blockquote><p></p>
[QUOTE="Lucky, post: 1844527, member: 32659"] I can't remember the exact year the last time cattle were high like this but thinking it was around 2014? Things were different then than they are now though. I had the feeling that was going to be a short lived cycle so we didn't expand. This round of high prices is looking to last another 2-4 yrs so not keeping heifers or buying replacement cows just doesn't seem like an option for a guy that's been in the game awhile. I also hear allot of talk about selling out and buying back in when prices go down. Doing that seems like a good plan at face value but looking a litter deeper doesn't look so good. Not only are you going to miss out on the high calf prices but you may end up paying taxes on those cattle if this last long enough. You also have to keep in mind the number of years it takes to build a good cow herd. [/QUOTE]
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