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whats driving cattle prices up so much
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<blockquote data-quote="Lucky" data-source="post: 1820979" data-attributes="member: 32659"><p>High interest rates are killing just about every business out there right now. We sold a business we had for 16 yrs a few months back and 9.5% interest played a big role in our decision making. Business was paid for but as always in business we needed to make some major upgrades and just couldn't see doing them in the current climate. </p><p></p><p> For the Farmers and Ranchers out there hopefully their land and equipment notes are fixed or aren't fixed for X years then come up for renewal soon. On the cattle operating notes hopefully they can buy and sell in the same market and not get bit with high interest and low prices. It's all gamble. Some people love it some hate it. I'm too conservative to try that game so I'll just stay small and do my best with what I've got. </p><p></p><p> I know 5-6 guys in a tri county area running 2,000 hd or more and retaining yearlings. Surely they aren't floating all that with cash but you never know. Imagine the daily feed and fuel bill on 2,000 mother cows and a couple thousand yearlings. <img class="smilie smilie--emoji" loading="lazy" alt="😬" title="Grimacing face :grimacing:" src="https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f62c.png" data-shortname=":grimacing:" /></p></blockquote><p></p>
[QUOTE="Lucky, post: 1820979, member: 32659"] High interest rates are killing just about every business out there right now. We sold a business we had for 16 yrs a few months back and 9.5% interest played a big role in our decision making. Business was paid for but as always in business we needed to make some major upgrades and just couldn't see doing them in the current climate. For the Farmers and Ranchers out there hopefully their land and equipment notes are fixed or aren't fixed for X years then come up for renewal soon. On the cattle operating notes hopefully they can buy and sell in the same market and not get bit with high interest and low prices. It's all gamble. Some people love it some hate it. I'm too conservative to try that game so I'll just stay small and do my best with what I've got. I know 5-6 guys in a tri county area running 2,000 hd or more and retaining yearlings. Surely they aren't floating all that with cash but you never know. Imagine the daily feed and fuel bill on 2,000 mother cows and a couple thousand yearlings. 😬 [/QUOTE]
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whats driving cattle prices up so much
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