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Re: Someone is optmistic

Posted: Sun Aug 20, 2017 4:06 pm
by Stocker Steve
We are seeing an uptick in calf prices here, even though fat prices are going down. :?

Free corn this fall?

Re: Someone is optmistic

Posted: Sun Aug 20, 2017 6:42 pm
by bball
Stocker Steve wrote:We are seeing an uptick in calf prices here, even though fat prices are going down. :?

Free corn this fall?

Some of the boys around here are worried it's going to drop into the $2's.

Re: Someone is optmistic

Posted: Sun Aug 20, 2017 8:17 pm
by Cross-7
The bottom has fallen out of fats the last few weeks.

Re: Someone is optmistic

Posted: Wed Aug 23, 2017 10:18 am
by Stocker Steve
bball wrote:Free corn this fall?

Some of the boys around here are worried it's going to drop into the $2's.[/quote]

Local corn got up to $3.01 a couple months ago, but it has been in the $2s for years. Neighbor sold last fall for $2.45 net after drying. Then he got a part time job in town. :nod:

Cool rainy summer and $2 corn could turn into a pile o silage. Looking like a lot of heifer retention, again. :cowboy:

Re: Someone is optmistic

Posted: Wed Aug 23, 2017 3:29 pm
by Stocker Steve
Cash bid today is $2.90
Yearling steers today are $1.45
Order buyer said you would lock into a $200/hd loss if you contracted yearlings today...

What are the odds of a Sept/Oct calf price crash like last year?

Re: Someone is optmistic

Posted: Thu Aug 24, 2017 5:59 am
by Supa Dexta
The US has been killing more cattle week after week over last year, I don't believe there are that many more cattle as the weights are down, so they are flooding the market to force prices down. That can only last so long though. People will hold them longer and they eventually get cleaned out.

'The US kill number was up at 634,000 head versus 641,000 the previous week and 602,000 a year a go. This is a very large kill compared to weekly numbers over the last few years. Weights for steers were up 9 lbs over last week at 877 (913 last year at this time) and heifers were 807.'

'The US kill number was up at 627,000 head versus 622,000 the previous week and 580,000 a year a go. This is a very large kill compared to weekly numbers over the last few years. Weights for steers were up 8 lbs over last week at 868 (901 last year at this time) and heifers were 803.'

Re: Someone is optmistic

Posted: Fri Aug 25, 2017 11:07 pm
by farmerjan
The talk here is that prices are going to stay low and even drop. Last week they were down a little at the local sale. Next week is Labor day so not a good friday to check out prices as it is usually off on holiday weekends. Maybe it will get better as fall comes around a bit, but I personally don't look for it. I said back this summer that I thought is would stay the same or get weaker. There is alot of grumbling in the dairy industry as the milk prices are not rebounding like it was originally forecast and I look for more farmers to just say enough and get out. That will push cull cow prices and even the feeders will suffer for the short term.
Don't know what the effects of the hurricane in Texas will have, and I hope none of those guys lose cattle, but it will probably happen, just to what extent who knows at this point.