Big Swede
Well-known member
Big Swede said:I was very happy with the price of feeder cattle last year. I am very happy with the price of feeder cattle now too. The weather in the corn belt in the next 6 months will dictate if corn goes to $8 or $5 or even lower. I believe the breakeven price for most farmers is around the $5 mark the way the price of inputs have gone up recently. I don't remember a time when the price of corn doubled in price and the price of feeder cattle followed them higher like it has in the last couple of years. We are truly living in very volatile times. That wasn't much of a prediction was it? :? :wink:
Don't mean to brag but that was actually a damn good prediction. I sold corn for $7.66 / bushel six months after that post due to the drought of 2012 and the price of feeders kept climbing all through that time. I expect corn to be in that $4 to $5 range this fall which can only help the price of feeders. It's a great time to be in the cattle business.