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Stocker Steve

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Based on the responses - - I wrote a LRP premium check yesterday to put a fall calf price floor in at $892 per head. I even get paid for my labor at that price.
 

J&D Cattle

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Yesterday Corbett Wall on his 3 minute market summary says this market is bullet proof, today he talks about the fastest gains on the board in recent times and how it is always followed by a train wreck. He dampened my optimism a bit.
 

TennesseeTuxedo

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Live in Franklin, TN farm in Warsaw, KY
I was pleasantly surprised by yesterday's results where we sell.

United Producers Inc. , Owenton, KY
Weighted Average Report for Wednesday May 3, 2017

Cattle Receipts: 717 Last week: 688 Last year: 731

Compared to last week; Feeder steers sold 5.00-10.00, some up
to 12.00 higher, heifers 5.00-8.00 some up to 12.00 higher,
Slaughter cows and bulls steady.

Feeders: 627 Slaughter: 74 Replacements: 16

Slaughter cows made up 8 percent of the offering, slaughter bulls
2 percent, replacement cows 2 percent, and feeders 88 percent.
The feeder supply included 43 percent steers, 40 percent heifers,
and 17 percent bulls. Near 27 percent of the run weighed over 600 lbs.
 

mncowboy

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Stocker Steve":a3up2f2i said:
Based on the responses - - I wrote a LRP premium check yesterday to put a fall calf price floor in at $892 per head. I even get paid for my labor at that price.


Nice work, I looked into it after reading your post, the day after they pushed limits to 6.75 on feeders and it was $41 a head. Hopefully it comes around again so I can do the same or buy a PUT for similar money.
 

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