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whats driving cattle prices up so much
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<blockquote data-quote="Lucky" data-source="post: 1818370" data-attributes="member: 32659"><p>What you say about feedlots securing funds for cattle at these prices is interesting. The last time cattle got really high like this I was needing to expand some. I called the banker and she said they were still loaning 80% on cattle at the higher prices. Luckily I got cold feet and waited a few years. I know allot of guys that got bit pretty hard, especially guys that jumped in because of high prices. The ones that got in thinking the calf prices would hold never saw those high prices on calves they sold. Hopefully this time around prices will hold for a few years. I'll take $6 bucks if they'll give it but honestly think $1.90 - 2.10 for feeders would be more sustainable for the long term.</p></blockquote><p></p>
[QUOTE="Lucky, post: 1818370, member: 32659"] What you say about feedlots securing funds for cattle at these prices is interesting. The last time cattle got really high like this I was needing to expand some. I called the banker and she said they were still loaning 80% on cattle at the higher prices. Luckily I got cold feet and waited a few years. I know allot of guys that got bit pretty hard, especially guys that jumped in because of high prices. The ones that got in thinking the calf prices would hold never saw those high prices on calves they sold. Hopefully this time around prices will hold for a few years. I'll take $6 bucks if they'll give it but honestly think $1.90 - 2.10 for feeders would be more sustainable for the long term. [/QUOTE]
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whats driving cattle prices up so much
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