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Feeder Cattle Chart

burnt

Well-known member
It broke through the triple top at $1.20. Where next? Davis Kruse of the Commstock Report has always said that the technicals predict the fundamentals. We know the cowherd has shrunk. Considerably. And not just in North America.

Could it be possible that the beef sector will see some REALLY black ink for a while? Not that American producers really know what red ink means, as far as that goes. Those of us north of the 49th know hard times and can use about 7 years of high prices to catch up.

One thing for sure - what don't kill ya makes you stronger. Those of us left in the business are as efficient as anyone or we wouldn't have made it this far. But it's pretty hard to exaggerate the amount of pain that some of us have gone through and are not free of yet. Coming out of the BSE years has left me with an older, depleted cow herd, my working capital gone and a debt load that I never thought I'd see again. Not a fun spot to be in. And thus, RCALF is still not on my Christmas card list . . .

So, it will be interesting to watch this market for the next week or two.

http://charts.insidestocks.com/chart.asp?vol=Y&jav=adv&grid=Y&divd=Y&org=stk&sym=GFF1&data=H&code=BSTK&evnt=adv
 

gcreekrch

Well-known member
Would it be too much to ask for that we could make enough to meet our commitments and have enough left over to not have to rely on the banker for next year's operating dollars?
 

nortexsook

Well-known member
I think we are seeing many things come together that are pushing the cattle markets higher. It is a good time to be in the business.

The US population is now at 308 Million and we have the lowest cow numbers in over 40 years.

Ben Bernanke has declared war on the dollar, which is a triple help to the cattle markets. Lowers imports, increases exports and just general inflation.

It's not all smiles as fertilizer and grains are through the roof as well.

Good time to be a low cost sort of producer.

We should see $2 550# steers in the not too distant future!
 
A

Anonymous

Guest
Well-- sounds like all the MSGA are smiling-- and just a few weeks ago MCA and the Wheat Growers Assn were all happy.... Local implement dealers, car dealers, and businessmen are again buying drinks and grinning from ear to ear...

I never know how far in the red or the black until Grandma (and her sister who is my accountant)- who take care of the daily books- tell me I am-- but she let me go to heifer sales this fall with no max bids-- and came home herself driving a new Suburban the other day- and told me I get her almost new pickup for a number 1 vehicle so I can keep the feed truck last longer... :D :clap:

Old Pat Goggins has long said we needed another major recession/depression (Bush Bust) to get cattle prices back even with the rest of the economy-- and just like the border closure 6-7 years ago made a major adjustment- this along with some oversight has too .....

Cattle economy strong, ranchers say



By TOM LUTEY, The Billings Gazette (MT)

Posted: Friday, December 17, 2010 7:00 pm



Were the smiles hard to suppress at the Montana Stockgrowers Association's annual meeting? Do cowboys wear boots?



As ranchers gathered in Billings this week, cattle prices were nearing record highs. Hay barns were bursting with forage after a summer so wet it nearly washed away the memory of drought.



Then China announced it would begin buying U.S. beef again, potentially boosting exports by $200 million.



The only thing missing was a reprieve from the estate tax, and shortly before the hotel bar closed Thursday morning, Congress gave ranchers that, too.



Things are as good as I've ever seen,” said Tom Hougen of Melstone, the Stockgrowers' outgoing president. “This is where the price of beef should be if you want family ranches to stay family ranches.”



Veteran agriculture radio announcer Taylor Brown of the Northern Ag Network told a crowd of more than 100 stockgrowers gathered for lunch that he wasn't sure things could get any better, but that this year was certainly the prosperous year that farmers and ranchers had been chasing...
 

Denny

Well-known member
burnt said:
It broke through the triple top at $1.20. Where next? Davis Kruse of the Commstock Report has always said that the technicals predict the fundamentals. We know the cowherd has shrunk. Considerably. And not just in North America.

Could it be possible that the beef sector will see some REALLY black ink for a while? Not that American producers really know what red ink means, as far as that goes. Those of us north of the 49th know hard times and can use about 7 years of high prices to catch up.

One thing for sure - what don't kill ya makes you stronger. Those of us left in the business are as efficient as anyone or we wouldn't have made it this far. But it's pretty hard to exaggerate the amount of pain that some of us have gone through and are not free of yet. Coming out of the BSE years has left me with an older, depleted cow herd, my working capital gone and a debt load that I never thought I'd see again. Not a fun spot to be in. And thus, RCALF is still not on my Christmas card list . . .

So, it will be interesting to watch this market for the next week or two.

http://charts.insidestocks.com/chart.asp?vol=Y&jav=adv&grid=Y&divd=Y&org=stk&sym=GFF1&data=H&code=BSTK&evnt=adv

Not to start a pissing match but there's plenty of RED ink south of the border.I don't spend my time in a welding shop because I love it thats for sure.
 

burnt

Well-known member
Denny said:
burnt said:
It broke through the triple top at $1.20. Where next? Davis Kruse of the Commstock Report has always said that the technicals predict the fundamentals. We know the cowherd has shrunk. Considerably. And not just in North America.

Could it be possible that the beef sector will see some REALLY black ink for a while? Not that American producers really know what red ink means, as far as that goes. Those of us north of the 49th know hard times and can use about 7 years of high prices to catch up.

One thing for sure - what don't kill ya makes you stronger. Those of us left in the business are as efficient as anyone or we wouldn't have made it this far. But it's pretty hard to exaggerate the amount of pain that some of us have gone through and are not free of yet. Coming out of the BSE years has left me with an older, depleted cow herd, my working capital gone and a debt load that I never thought I'd see again. Not a fun spot to be in. And thus, RCALF is still not on my Christmas card list . . .

So, it will be interesting to watch this market for the next week or two.

http://charts.insidestocks.com/chart.asp?vol=Y&jav=adv&grid=Y&divd=Y&org=stk&sym=GFF1&data=H&code=BSTK&evnt=adv

Not to start a pissing match but there's plenty of RED ink south of the border.I don't spend my time in a welding shop because I love it thats for sure.

We've seen some pretty nice work come out of that shop so you'd have a hard time convincing me that you don't like building trailers at least a little bit!

But as far as losing money, I'd go so far as to say that you don't have a clue what I'm talking about and what we have gone through on this side of the border.

Nuf said before I get started.
 

Kato

Well-known member
We don't have red ink, we've got red pencil lines. Can't afford a red pen. :wink: :roll: :roll: :roll: :roll:

I'm going to control the rant that's bubbling up as well. After all, it's almost Christmas, and there are better things to be thinking about. We'll worry about finances after the holidays.
 

gcreekrch

Well-known member
My neighbor summed the situation up here nicely two years ago when he said he was so broke he couldn't afford free sex from an orphan pig. :shock:
 

Northern Rancher

Well-known member
That's more genteel version of how it's put up here. BSE didn't give us a market correction it gave us a market destruction but I'm not going to smear the ink on a good cattle cheque with tears about days gone by.
 

SMN Herf

Well-known member
Where this is going I wont make the prediction. We have $1.00 fed cattle, and 1.30 calves but we are still loosing cow numbers. The classified ad section is full of livestock equipment for sale from "Sold the cows guys".

High dollar grain is going to continually put pressure on the grass acres. But the good news is foreign demand for food and protein is growing coupled with the shrinking US dollar, their buying power is growing too.

With the increased costs and profit opportunities in other uses for land, the cattle numbers are going to continually shrink unless we move to a higher plateau in the cattle market. When this happens or if this will happen is anyones guess.
 

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