the gass cattle guys around me that bought steers last spring told me they made a $100/head this summer. I thought really that hay you fed last spring, the property taxes, the fence repairs, the fuel used, salt and riding. my bet is they differance in checks was a $100/head.Larrry said:In a normal economy the cattle market would look fine.
This is not a normal economy, and the thinks you expect to jump up and bite you never seem to. It's the thing that hit you out of the blue that get us everytime.
Doug Thorson said:I am also optimistic. I think good times are just ahead.
He who takes no risks never gets ahead. Holding things together is a guarentee that the next generation will fail.
George said:In this area everyone panicked and three weeks ago small alfalfa bales were selling for $12.00 @ at the local sale barn.
Then we were getting good rain and last Saturday you could get all the good alfalfa you wanted for $5.00 @ and good grass hay for $1.50.
It was the largest amount of hay I have ever seen at that sale barn.
leanin' H said:Doug Thorson said:I am also optimistic. I think good times are just ahead.
He who takes no risks never gets ahead. Holding things together is a guarentee that the next generation will fail.
But holding things together is sometimes the best option short-term to insure long term success. :wink:
Doug Thorson said:I must either be confident or have went crazy, I bought a pair of overshoes yesterday.
Doug Thorson said:I must either be confident or have went crazy, I bought a pair of overshoes yesterday.
What I meant by the holding things together comment is if all you ever look at is "it is too expensive and bad times are just around the corner" you will never get anywhere because expansion almost never pencils out and the times when some make a whole lot of money is because they did the opposite of what everyone else did, even if it doesn't pencil.
Larrry said:Doug Thorson said:I must either be confident or have went crazy, I bought a pair of overshoes yesterday.
What I meant by the holding things together comment is if all you ever look at is "it is too expensive and bad times are just around the corner" you will never get anywhere because expansion almost never pencils out and the times when some make a whole lot of money is because they did the opposite of what everyone else did, even if it doesn't pencil.
I guess you would have to say there is a happy medium. I have expanded and still do but on the same thought you have to remember the eighties when there was never going to be asnother poor day. A lot of those expanders back then lost it all.
Like Kenny Rogers said, you got to know when to holdem and when to foldem.