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Are today's prices sustainable?
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<blockquote data-quote="BC" data-source="post: 808096" data-attributes="member: 67"><p>Not complaining about the prices of calves because all in-put costs associated with raising cattle have increased, but this market has me scared that we are set up for a big crash. Today, I saw a 630 lb steer bring $1.30 that is $819.00. The yearling will need another 650 to 700 lbs before ready for harvest. With grain prices rising, feedyards are estimating the cost of gain being $1.00 per lb or more. This calf will need to bring $1.15 to $1.16 just to break even.</p><p></p><p>My concern is the American consumer will rebel at that price and look for alternative protein choices. They are not used to their food costs being more than 9% to 10% of disposable income. This will take away from going to the movies, golf, fishing, hunting, boats and casinos.</p></blockquote><p></p>
[QUOTE="BC, post: 808096, member: 67"] Not complaining about the prices of calves because all in-put costs associated with raising cattle have increased, but this market has me scared that we are set up for a big crash. Today, I saw a 630 lb steer bring $1.30 that is $819.00. The yearling will need another 650 to 700 lbs before ready for harvest. With grain prices rising, feedyards are estimating the cost of gain being $1.00 per lb or more. This calf will need to bring $1.15 to $1.16 just to break even. My concern is the American consumer will rebel at that price and look for alternative protein choices. They are not used to their food costs being more than 9% to 10% of disposable income. This will take away from going to the movies, golf, fishing, hunting, boats and casinos. [/QUOTE]
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Are today's prices sustainable?
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