TennesseeTuxedo

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cross_7

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In the last 30 days or so prices for light weight cattle(under 500#) has dropped drastically
With the cost of gain so high I understand how feeding light weights don't pencil out
The thing I don't understand is corn is cheaper now that when prices were up
So why have light weight dropped off ?
 
I'm flattered that you would ask me but I honestly have no idea. I did read somewhere that the feedlots took quite the beating with the prices they paid for feeder cattle over the past 12 months and they are trying desperately to get in the black this year.
 
The current projected corn acres they say we might see 4.00 corn and cheap gain so in theory light weights could come back Into favor but its all a guessing game
Always a challenge
 
It has more to do with what cattle are really worth, than the cost of gain right now. The market is just down some. I will say from my point of view as a cattle feeder that if we could get the market to stay stable about where it is now, I would make more money than when we where at record highs, and 250lb steers were 2.40 a lb. I made the most money ever feeding calves in 08 and 09 when 225 to 300lb calves were 1.30 to 1.50 and 800lbs were about 1.00 to 1.10. And it took a lot less to go buy a load of small steers too.
 
Cross7,

My primary occupation is as a mortgage banker and I have a heck of a time trying to keep up with the volatility in mortgage rates much less trying to predict corn and cattle futures. We'll wean off and precondition around 60 calves this fall and they'll all go to market no matter the price.
 
TennesseeTuxedo":g246c7u4 said:
Cross7,

My primary occupation is as a mortgage banker and I have a heck of a time trying to keep up with the volatility in mortgage rates much less trying to predict corn and cattle futures. We'll wean off and precondition around 60 calves this fall and they'll all go to market no matter the price.
Click to expand...

Do you sell at the sale barn or market thru someone like Superior ?
 
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denvermartinfarms":3llera3v said:
It has more to do with what cattle are really worth, than the cost of gain right now. The market is just down some. I will say from my point of view as a cattle feeder that if we could get the market to stay stable about where it is now, I would make more money than when we where at record highs, and 250lb steers were 2.40 a lb. I made the most money ever feeding calves in 08 and 09 when 225 to 300lb calves were 1.30 to 1.50 and 800lbs were about 1.00 to 1.10. And it took a lot less to go buy a load of small steers too.
Click to expand...

As of late 7-8 wt feeders are as strong as they were when light weights were high, so I could make that work but we are bone dry and nothing to feed them.
 
cross_7":8dl1nuiv said:
TennesseeTuxedo":8dl1nuiv said:
Cross7,

My primary occupation is as a mortgage banker and I have a heck of a time trying to keep up with the volatility in mortgage rates much less trying to predict corn and cattle futures. We'll wean off and precondition around 60 calves this fall and they'll all go to market no matter the price.
Click to expand...

Do you sell at the sale barn or market thru someone like Superior ?
Click to expand...

We sell at the Wednesday auction at the Owenton, KY sale barn.

Ultimately I'd like to carry them all the way through to slaughter but that's years away.
 
TennesseeTuxedo":1604em06 said:
cross_7":1604em06 said:
TennesseeTuxedo":1604em06 said:
Cross7,

My primary occupation is as a mortgage banker and I have a heck of a time trying to keep up with the volatility in mortgage rates much less trying to predict corn and cattle futures. We'll wean off and precondition around 60 calves this fall and they'll all go to market no matter the price.
Click to expand...

Do you sell at the sale barn or market thru someone like Superior ?
Click to expand...

We sell at the Wednesday auction at the Owenton, KY sale barn.

Ultimately I'd like to carry them all the way through to slaughter but that's years away.
Click to expand...

At some point I would recommend doing so on at least one pen of your calves. Truly an eye opener for a cow/calf guy to see how his cattle really stack up in the end. Really educational. While you can get data back from some programs, when the premiums or discounts are yours it has a different feel, at least to me.
 

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