Feed Prices going UP

[aplusmnt]

Went and picked up a Ton of feed at feed mill Saturday. Was comparing it to last year at this time and same ration is almost $100,00 a ton higher than last year. Across the board it is around 1/3 higher this year. Corn almost doubled in price.

Wondering if it is Drought conditions across the area, market adjustments for higher gas prices or maybe a combination of both and throw in the rise in ethanol production.

Sure not a good thing to be happening at same time calf prices are coming down.

 

[IL Rancher]

Some of it is speculators but some also has to do with increased demand in the ethanol sector, decreased carryover from the pervious year and a crop that was lower than expected. Couple that with drought in Australia hurting the wheat crop which gave us 5 dollar wheat for a time last week (Haven't looked today at what the markets did) and that drives up the price as substitutes start taking place... IF the new GMO cotton seed is figured out with no reduction in crop I would imagine cake would go up too as the feed value of the seed will not be limited to ruminants anymore.


Calf prices are coming down for the most part becasue of feed going up. Corn is actually more than double here this year, last year corn out of the field was 1.60 a bushel, last week someone sold for 3.60 but that was a strange situation that didn't make any sense to me... Do the math on that price increase per bushel of corn and than figure how many bushels of corn a steer eats between 550#'s and market and a good part of your price reduction in calves will be figured in right there... I tend to think it is an over coorection but my opinion means jack and #$$@ when it comes to what the feeders are willing to pay...

Believe me, I just got the rude announcement that between increase prices in freight and increased demand for disittlers and Gulten than the prices went up big time since last year.. Makes me happy.. Sure.... Just wonderfully happy :x Wish I had about 1000 acres in corn planted last summer... Could have a lot of money sitting in the bins right now... Of course, with the beating the crop guys took last year around here I was darn happy to not be crop farming that year.

 

[the_jersey_lilly_2000]

Just ordered 2 tons of feed today to be picked up on wednesday. Price last June (last time we bought) was 169.00 a ton, today it was 194.00 a ton. I called around to the Coop, and several other different feed dealers and where we get it is still wayyyyyy cheaper than what the other guys wanted.

 

[Work Hard and Study Hard]

Went and picked up a Ton of feed at feed mill Saturday. Was comparing it to last year at this time and same ration is almost $100,00 a ton higher than last year. Across the board it is around 1/3 higher this year. Corn almost doubled in price.

Wondering if it is Drought conditions across the area, market adjustments for higher gas prices or maybe a combination of both and throw in the rise in ethanol production.

Sure not a good thing to be happening at same time calf prices are coming down.

Do you really think that corn doubling in price, an increased import of live cattle, and lower cattle prices is a coicendence? You'll probably just blame it on the Democrat controlled house and senate. We were set for lower calf prices, it just wasn't supposed to happen this fast.

 

[aplusmnt]

Went and picked up a Ton of feed at feed mill Saturday. Was comparing it to last year at this time and same ration is almost $100,00 a ton higher than last year. Across the board it is around 1/3 higher this year. Corn almost doubled in price.

Wondering if it is Drought conditions across the area, market adjustments for higher gas prices or maybe a combination of both and throw in the rise in ethanol production.

Sure not a good thing to be happening at same time calf prices are coming down.

Do you really think that corn doubling in price, an increased import of live cattle, and lower cattle prices is a coicendence? You'll probably just blame it on the Democrat controlled house and senate. We were set for lower calf prices, it just wasn't supposed to happen this fast.

Not sure your point of the post, unless just trying to stir some political talk over here on ranch talk.

I blame it on general cost of living increases. The extreme gas prices over the last year. And the boost of ethanol in our area. Wondering if corn prices will go back down if they keep pushing ethanol.

 

[Shorthornguy]

All Natural grass finished beef is the way to go. Feed a handful of corn and molasses now and then to keep them tame. Makes a big difference on the bottom line. JMO

 

[katrina]

Hubby went to Iowa after some tillage machinery. He said that there piles and piles corn on the ground in eastern south dakota. Some have huge tarps over it and some is just piled.......