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<blockquote data-quote="traderaaron" data-source="post: 757554" data-attributes="member: 13840"><p>Green grass is why 600# cattle are overvalued but they really aren't that high and not the highest they've been this year relative to Fat Cattle. Against Fat Cattle and my .80 cog of gain it's only overvalued by $16, often time ranchers running yearlings are overpaying by $100 or more.</p><p></p><p>My rule is to never buy cattle overvalued or the worst buy on today's market or against whatever you are selling. So I could simply buy the 900# cattle and if I just sold 1300# Fats for $100 and upping my COG for the heavier cattle to .85 to compensate it's still cash flow positive transaction by $24.45.</p><p></p><p>A better buy than that at OKC west from looking at the report were the 800# Feeder Heifers at $102.25. The person that put the weight on from 700 to 800 on those was likely not paid for that by the market unless they are running a COG probably less than .45.</p><p></p><p>Buying grass cattle is one of the hardest things to do because they are consistently overvalued.</p></blockquote><p></p>
[QUOTE="traderaaron, post: 757554, member: 13840"] Green grass is why 600# cattle are overvalued but they really aren't that high and not the highest they've been this year relative to Fat Cattle. Against Fat Cattle and my .80 cog of gain it's only overvalued by $16, often time ranchers running yearlings are overpaying by $100 or more. My rule is to never buy cattle overvalued or the worst buy on today's market or against whatever you are selling. So I could simply buy the 900# cattle and if I just sold 1300# Fats for $100 and upping my COG for the heavier cattle to .85 to compensate it's still cash flow positive transaction by $24.45. A better buy than that at OKC west from looking at the report were the 800# Feeder Heifers at $102.25. The person that put the weight on from 700 to 800 on those was likely not paid for that by the market unless they are running a COG probably less than .45. Buying grass cattle is one of the hardest things to do because they are consistently overvalued. [/QUOTE]
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