Where is the high end.

[kenny thomas]

Looks like we may have seen the high. Corn down about .30 and cattle down $1.

 

[rockridgecattle]

I know what i have to say is from a Canadian prespective, but here, when our dollar was low, cattle were higher. As the dollar rose, the cattle dropped. So, with your dollar lower that what it has been I can see why your cattle prices are on the rise.

That said, our dollar is near par with you. Been that way for a while now. In the beginning when the dollar rose, prices dropped. And were still down last fall run. But this year is different. Dang if i know why. Maybe because both of our contries have seen drastic herd reductions, the rise could just be plain supply and demand.

 

[1982vett]

Well, I'm hoping this is the bottom and prices only go up from here!

 

[Kingfisher]

My thoughts are that it will continue to increase but the consumer is only going to pay so much fir a steak so it will level out.
I don't think that is really going to be the barrier. I hear hamburger is going to be pretty expensive by March 2011. Look at the futures prices.

 

[Howdyjabo]

Just read that the prices seem high, but to equal out the higher inputs we have now--- live cattle need to be selling at $134/100lbs to equal the highs in the past. Thats why cow numbers are not increasing this time.

Makes sense to me

 

[Jogeephus]

Yes, this years booked fertilizer has some sticker shock on it. :shock: