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The Market - Status Quo??
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<blockquote data-quote="Anonymous" data-source="post: 34187"><p>I think you all make excellent points. I will throw in another view as I see it for my personal situation, which doesn't mean it is the right or the wise thing to do. I needed replacements and have old cows to packer. I paid $100 more or than I really wanted to (950 for 7-8 month bred) second calf cows. I raise replacement heifers and am increasing the price on them $25-50 per head as open ready to breed animals.</p><p>The risk ( which may be too much) is getting a live calf on the ground and buying into the predictions that this market will hold for two years. I should be in the clear with the 2005 calf. Anything can happen with the Canada situation and USDA testing for BSE.</p><p>One way I looked at this is we are handling more money; paying more for young replacement cows, but the calves are bring $100 more than usual. Cattle business always carries a risk, but porportionally the risk is not signifcantly greater than when prices were as in past years. :idea:</p></blockquote><p></p>
[QUOTE="Anonymous, post: 34187"] I think you all make excellent points. I will throw in another view as I see it for my personal situation, which doesn't mean it is the right or the wise thing to do. I needed replacements and have old cows to packer. I paid $100 more or than I really wanted to (950 for 7-8 month bred) second calf cows. I raise replacement heifers and am increasing the price on them $25-50 per head as open ready to breed animals. The risk ( which may be too much) is getting a live calf on the ground and buying into the predictions that this market will hold for two years. I should be in the clear with the 2005 calf. Anything can happen with the Canada situation and USDA testing for BSE. One way I looked at this is we are handling more money; paying more for young replacement cows, but the calves are bring $100 more than usual. Cattle business always carries a risk, but porportionally the risk is not signifcantly greater than when prices were as in past years. :idea: [/QUOTE]
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The Market - Status Quo??
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