cattle futures

[chrisinsoky]

has anyone caught up with the predictions? i havent heard and am wanting to start buying soon, if they stay up is 3 n 1s the best way to go as far as buying back in? opions please

 

[rrlund]

Cattle don't have much of a future around here if I don't get some hay put up.

 

[notjustair]

Around here they seem to have settled in and aren't flopping so much. Young ones are still stronger than I have seen in a while. There's still a shortage but won't be for long if folks get greedy. I'm setting pretty good where I am at. All it takes is one mad cow...

 

[oldtanker]

(quoted from post at 09:06:14 07/07/14) Around here they seem to have settled in and aren't flopping so much. Young ones are still stronger than I have seen in a while. There's still a shortage but won't be for long if folks get greedy. I'm setting pretty good where I am at. All it takes is one mad cow...

But like with 8 buck corn followed by greed that puts it about 4 now so the same will happen with beef. As crop conditions change and hay become available in areas that have been short the folks there will try to make up for their losses over the last few years and get in on the higher prices. So I have to agree.

Rick

 

[David G]

I think it is going to depend on water availability. The issue was water for hay, now it is water for the livestock also. Cargill is shutting down some operations because there is no water to give cattle.

 

[Bob Harvey]

Don't have much of a future anyways. What with steaks and hamburgers and all ! ;^)

 

[casecollectorsc]

This spring I read a article that said $3.50 corn this fall and $2.75 next year. May not be far off as corn here is about $3.60...E SD.

 

[Mike M]

Ask yourself what would nnalert do ?

 

[IaGary]

Why do you call $8.00 corn greed?

If the processors are paying it. We will take it.

We (the corn farmers) didn"t set the price. The combination of short crops and high usage did.

So are the cattle feeders greedy now? Record high cattle prices and lower feed costs.

Is anyone saying the cattle farmer is gouging the consumer like the crop farmer did with corn?

Just wondering ???

Gary

 

[randallinMo]

I guess I don't understand your question. What do you mean by "3 n 1s"?

The cattle futures on the Chicago board of Trade are sky high! Based upon what guys are paying "routinely" now for 840-850 pounders ($2.24 per pound), this gives them a "break even" of $1.65 on a finished basis. With December fat cattle trading in the $156.00 range..........looks like quite a loss to me.

 

[chrisinsoky]

well i should hang tight, as far as the corn farmer getting 8.00 corn i am happy i have a lot good neighbors, that are grain farmers and sure dont mind see em get payed for the work and invest cost, same with the cattle market, this is bring up good points now if corn stays low cows will stay high, should i wait to get back in


ive also read where the market is high here new zealand and and aulstalia are shipping beef as quick as they can, if they flood the market with imported beef are beef would have to go down

 

[chrisinsoky]

3 n 1s are a breed cow with calve on the side

 

[bison]

As with everything else.
Buy in when the prices are low and sell when prices are high.
Leave the speculation to the ones that can afford to lose.

 

[chrisinsoky]

good advise bison

 

[GeneMO]

Check with nnalert and you can't loose!!

Gene

 

[TomH in PA]

Find a crooked broker to help steal from other investors?

 

[Pair-a-dice farm]

I put on here a while back that in 1971 I sold my 1st feeders at 36 cents a pound. According to the government CPI inflation calculator that is the same as $2.10 today. The market on feeders is hovering around $2.15 now so that isn't that much higher. I just bought 3 tons of urea with agritain at $550 per ton. Feed is still a cost concern and everybody knows what fuel and equipment costs are. I don't see any cattlemen building the big houses yet like some of the flatland farmers have built in the last few years but the cattle business is better than in the past several years. My biggest concern is the price at the grocery store scaring off the consumer,
Last year I bought a few 3 in 1 pairs and had to sell a couple of them and did fairly well. Finding good mature cows is a real problem around NAR.

 

[Nick m]

I'm pretty sure he meant something along the lines of hiw supply and demand work. I hope so anyway. It was good to see some people in the area have a couple good years. Looks like that's coming to an end. Local elevator is only contracting corn in the $3.65 area right now.

 

[rodgernbama]

Don"t know about Iowa but around here in Alabama we"re going to have a bumper crop of corn. The June rains we got made it go.