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<blockquote data-quote="Engler" data-source="post: 297612" data-attributes="member: 4110"><p>I see the decline in feeder calves as a two pronged issue.</p><p></p><p>1) All the grain farmers that have a few cows on the side are done in the field so now it's time to wean the calves and take them to the sale barn. Econ 101 says that the added supply will drive down the market.</p><p></p><p>2) Corn is well over $3/bu right now in most places. That's going to crank out to a cost of gain in the neighborhood of $60/cwt. I ran the math on a group of feeders last week and the 6cwt heifers that I was looking at broke even at $82 (purchase price $96/cwt) and the futures were at $85. Either the feeders have to beat down the purchase price or they will just not fill the lot, sell the corn to town and have more time to go to the cafe and b*%&# about the markets.</p></blockquote><p></p>
[QUOTE="Engler, post: 297612, member: 4110"] I see the decline in feeder calves as a two pronged issue. 1) All the grain farmers that have a few cows on the side are done in the field so now it's time to wean the calves and take them to the sale barn. Econ 101 says that the added supply will drive down the market. 2) Corn is well over $3/bu right now in most places. That's going to crank out to a cost of gain in the neighborhood of $60/cwt. I ran the math on a group of feeders last week and the 6cwt heifers that I was looking at broke even at $82 (purchase price $96/cwt) and the futures were at $85. Either the feeders have to beat down the purchase price or they will just not fill the lot, sell the corn to town and have more time to go to the cafe and b*%&# about the markets. [/QUOTE]
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