Jake said:Sure has taken it in the shorts the past week. Sure makes a guy wish those calves standing in the lot were in somebody elses lot already. Guess you can't be right every time.
Nicky said:What do you think bred cows are going to do after the first of the year?
Big Muddy rancher said:I'm wondering if the Bred price right now is fueled by enthusiasm and taxable income. :?
Wonder if this feeder and fat market stays soft if it won't slow the bred prices as well. :???:
Big Muddy rancher said:This cattle market is in such a turmoil that our Western Livestock Price Insurance Program stopped selling policies today. :shock:
I had seen $2.30 coverage for $6.20 the other day and then it was $11.00 for
$2.22 on feeder cattle. Today they won't sell you any protection. :?
Kato said:Price insurance on 850 lb feeders is $5.12 for a $2.12 coverage for March 16 right now. That's for Manitoba/SK This is the last chance to get insurance before January. They shut down over the year end. It's been on their calendar all year, so I doubt it has anything to do with the current market.
There are some who would like to see a softer market, and we suspect there will be all kinds of monkeying around before sales start up in the new year to try and cheapen it up a bit. Will it work? Who knows. The cattle numbers aren't getting bigger any time soon, so barring the whole economy taking a nosedive, the fundamentals aren't any different, imho.
That being said, we didn't buy any feeders this fall, for the first time in more years than I can count. We will just have to take our chances with the 80 of our own that are still to sell.
Not going to lose any sleep over it.
Big Muddy rancher said:Kato said:Price insurance on 850 lb feeders is $5.12 for a $2.12 coverage for March 16 right now. That's for Manitoba/SK This is the last chance to get insurance before January. They shut down over the year end. It's been on their calendar all year, so I doubt it has anything to do with the current market.
There are some who would like to see a softer market, and we suspect there will be all kinds of monkeying around before sales start up in the new year to try and cheapen it up a bit. Will it work? Who knows. The cattle numbers aren't getting bigger any time soon, so barring the whole economy taking a nosedive, the fundamentals aren't any different, imho.
That being said, we didn't buy any feeders this fall, for the first time in more years than I can count. We will just have to take our chances with the 80 of our own that are still to sell.
Not going to lose any sleep over it.
Probably the right move not digging into feeders this fall. I guess a person at some point of time could hedge a profit/break even but I for one didn't see the opportunity of the year before. I still have all my calves as I usually sell the light hfrs in March, breed the top end and grass the steers. Maybe I would have been better to sell the strs but taxes make some of the decisions. :?
I'm considering growing my cow herd and selling the strs at weaning. Just winter my hfrs. Might lighten the work load but then I'm starting equipment for less cattle. :???: