Prices/predictions affected plans?

[burnt]

I'm curious as to whether the higher prices and projected smaller numbers are changing your calf marketing plans. Are you holding any or more back for backgrounding, figuring to sell into a higher market in the spring?

I started overwintering ours for the past two crops and based on that, plan to do it again this year. Just a simple ration of 2nd cut hay/haylage, oats and a wee bit of corn. Will likely have to provide a bit extra protein as well.

It seems to me that with the smaller calf supply, there should be a strong market for grass cattle in the spring. But ya never know.

 

[Big Muddy rancher]

I for one am sure hoping for higher prices for grassers this spring. It would be nice not to work the winter for nothing.
I was considering selling the steers this fall but had a decent supply of hay so gambled on nothing catastrophic taking the market down, as I see the market fundamentals looking pretty good but worried about other economic woes.

 

[Soapweed]

I for one am sure hoping for higher prices for grassers this spring. It would be nice not to work the winter for nothing.
I was considering selling the steers this fall but had a decent supply of hay so gambled on nothing catastrophic taking the market down, as I see the market fundamentals looking pretty good but worried about other economic woes.

You have a big grin on your face, so you must not be worried too much. :wink:

 

[Big Muddy rancher]

I for one am sure hoping for higher prices for grassers this spring. It would be nice not to work the winter for nothing.
I was considering selling the steers this fall but had a decent supply of hay so gambled on nothing catastrophic taking the market down, as I see the market fundamentals looking pretty good but worried about other economic woes.

You have a big grin on your face, so you must not be worried too much. :wink:

That is called "puttin' up a front". :? :???: :wink: :lol: :lol:

 

[HAY MAKER]

I always try to get mine 8 weight,quality hay and liquid feed good mineral.
good luck

 

[allen57]

Right now price has no part of planning....planning all depends on one thing......Rain. And then the only plan is: Do I sell em or keep em.

 

[Anonymous]

Some Buyers/Traders told me a few months ago that Fats would be $1.10 by April... Looks like they may get there before then....

Cattle Futures Head for Huge Annual Gains
general admin posted on December 30, 2010 09:55 :: 20 Views


The following article is from Bloomberg:

Cattle Gain on Signs of Rising Meatpacker Demand; Hogs Are Little Changed
By Whitney McFerron

Cattle futures rose, heading for the biggest annual gain in 32 years, on signs that U.S. livestock supplies trail meatpacker demand. Feeder-cattle climbed to a record, and hogs were little changed.

Spot-market steers rose to $1.05 a pound on Dec. 28, the highest since November 2003, and may have sold for $1.06 yesterday in Kansas, said Chad Henderson, a market analyst with Prime Agricultural Consultants Inc. in Brookfield, Wisconsin. Wholesale choice beef climbed to a two-week high yesterday at $1.6282 a pound.

"Packers have bid up pretty aggressively for cattle," Henderson said. "There's a little tighter supply, and they want to secure their inventory. They'll push boxed beef up afterward, and see if there's any resistance."

Cattle futures for February delivery climbed 0.475 cent, or 0.4 percent, to $1.08725 a pound at 9:39 a.m. on the Chicago Mercantile Exchange. As of yesterday, futures were up 26 percent this year, heading for the biggest annual gain since 1978.

Feeder-cattle futures for March settlement gained 0.75 cent, or 0.6 percent, to $1.24825 a pound. Earlier, the price reached $1.2495, the highest since the commodity started trading in November 1971. As of yesterday, futures were up 29 percent this year.

Hog futures for February settlement rose 0.1 cent to 79.7 cents a pound. Earlier, the price reached 79.9 cents, matching yesterday's intraday peak, which was the highest since Aug. 3. Before today, the commodity was up 21 percent this year.