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whats driving cattle prices up so much
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<blockquote data-quote="Dave" data-source="post: 1820971" data-attributes="member: 498"><p>You can do LRP for any number from one head and up. And you can do it for different rates The upper price rate of course costs more money to insure. The lower rate isn't that much lower but a lot cheaper. My thought is that using the lower rate is much less expensive but protects you from the market collapsing.</p><p>Those yearlings I sold a couple of weeks ago made a huge profit. Every year won't be this good. But look at what the cow/calf guy got for the calves I bought. After selling cost they got less than $690. They fed a cow all year for that. With my cost the break even was $1.29 on those steers. For what works out to just a couple cents per hundred I could have put the low level LRP on those steers to insure a minimum price of $1.80.</p></blockquote><p></p>
[QUOTE="Dave, post: 1820971, member: 498"] You can do LRP for any number from one head and up. And you can do it for different rates The upper price rate of course costs more money to insure. The lower rate isn't that much lower but a lot cheaper. My thought is that using the lower rate is much less expensive but protects you from the market collapsing. Those yearlings I sold a couple of weeks ago made a huge profit. Every year won't be this good. But look at what the cow/calf guy got for the calves I bought. After selling cost they got less than $690. They fed a cow all year for that. With my cost the break even was $1.29 on those steers. For what works out to just a couple cents per hundred I could have put the low level LRP on those steers to insure a minimum price of $1.80. [/QUOTE]
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whats driving cattle prices up so much
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