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<blockquote data-quote="George Monk" data-source="post: 1246273" data-attributes="member: 3545"><p>I FEEL that the prices will drop. We are at this level because of a perfect storm that changed a lot of agriculture in our area. Missouri had a drought that caused a significant drop in cow calf pairs, Texas drought was devastating for many of those folks. Now California is struggling. At the same time the price of crops sky rocketed. To me that was the most influential factor. The farmers in our area invested in land and machinery. The younger generation spends more time in a tractor than looking at pasture ground. One of the largest and BEST cattle farmers in our area retired and his son plowed up a lot of pasture gournd. Around here you can't find the 40 acres of hay/pasture anymore. There was a time you could cut hay for just maintaining the ground. Now that ground is in crops. </p><p>Prices now are high and are going to drop but I don't think they are going to drop below the lows of the recent past. We see $2 feeders now. Probably drop to around $1.50. Still a pretty profitable area!</p></blockquote><p></p>
[QUOTE="George Monk, post: 1246273, member: 3545"] I FEEL that the prices will drop. We are at this level because of a perfect storm that changed a lot of agriculture in our area. Missouri had a drought that caused a significant drop in cow calf pairs, Texas drought was devastating for many of those folks. Now California is struggling. At the same time the price of crops sky rocketed. To me that was the most influential factor. The farmers in our area invested in land and machinery. The younger generation spends more time in a tractor than looking at pasture ground. One of the largest and BEST cattle farmers in our area retired and his son plowed up a lot of pasture gournd. Around here you can't find the 40 acres of hay/pasture anymore. There was a time you could cut hay for just maintaining the ground. Now that ground is in crops. Prices now are high and are going to drop but I don't think they are going to drop below the lows of the recent past. We see $2 feeders now. Probably drop to around $1.50. Still a pretty profitable area! [/QUOTE]
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