Jogeephus
Well-known member
With cattle inventories at their lowest in years and cost of production being at the highest in years, record prices for retail beef when do you think calf prices will turn around?
Jogeephus":20vvdcyo said:With cattle inventories at their lowest in years and cost of production being at the highest in years, record prices for retail beef when do you think calf prices will turn around?
dun":zlw4nseg said:Jogeephus":zlw4nseg said:With cattle inventories at their lowest in years and cost of production being at the highest in years, record prices for retail beef when do you think calf prices will turn around?
A couple of days after I sell mine
Aaron":2ebmasxj said:I am one of the few that will say that we need to see a contraction of all food commodities in North America. Talking to a neighbour in his early 60's....he said the same thing. "We need to see a big reduction in the cattle industry, so maybe we can get to a point where supply is actually limited and young guys can make a buck at it." Get away from this idea that we need to feed the world and focus on our own people (who couldn't care half the time either). Until then, your not going to see major swings in our live cattle prices. I am interested to see where cull cattle prices are going to end up this summer. Lots of people going to be eating hamburger and very doubtful the packers are going to start grinding select steer carcasses into ground beef. I would predict we are going to see fat cattle prices dwindle down this summer and cull cattle go sky high. :cowboy:
Jogeephus":jjo8h6t4 said:Aaron":jjo8h6t4 said:I am one of the few that will say that we need to see a contraction of all food commodities in North America. Talking to a neighbour in his early 60's....he said the same thing. "We need to see a big reduction in the cattle industry, so maybe we can get to a point where supply is actually limited and young guys can make a buck at it." Get away from this idea that we need to feed the world and focus on our own people (who couldn't care half the time either). Until then, your not going to see major swings in our live cattle prices. I am interested to see where cull cattle prices are going to end up this summer. Lots of people going to be eating hamburger and very doubtful the packers are going to start grinding select steer carcasses into ground beef. I would predict we are going to see fat cattle prices dwindle down this summer and cull cattle go sky high. :cowboy:
I think we have already seen this in the cattle inventory as it is the smallest since Jan of 1959. I think you are right about the burger and think others are correct in their acknowledgement of what the dairy reduction is doing to our market. Once these flow through the system it would seem we should begin seeing higher prices. But I don't have a feel for how the imports are going to effect us.
Jogeephus":1vae2e38 said:With cattle inventories at their lowest in years and cost of production being at the highest in years, record prices for retail beef when do you think calf prices will turn around?