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  • 3 weeks later...
Posted

With all the political stuff futures have been a mess with 4 limit lower moves in 7 sessions in feeders includes expanded limit lower today to put us about 10% lower in that time frame. Meanwhile boxed beef is up about 3%

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Posted

As someone who has family in the beef/ranching industry but lives in a city its pretty simple. The high plains (where alot of cattle are raised and fed at feedlots) went through a really bad drought for a couple of years. Ranchers didn't have enough grass/feed to keep their cattle fed through the winter so they sold alot of them off because they couldn't feed them

Decreased supply sent prices through the roof and now all the ranchers are selling their cows at high prices now instead of holding them back to rebuild their herds because prices are so high. If this was chicken or hogs it could correct itself pretty quickly due to gestation cycles but cows give birth once a year, do you hold your heifers back thinking prices will go even higher than now or sell them at the highest price you have ever seen? 

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Posted

Side story - My dad grew up on a farm on the high plains before moving to the big city after college. We now have part of that farm and he is retired, he spends a lot of time out there and decided to buy 3 feeders at the local sale barn to put in one of our pens with about 40 acres of grass and water. The TLDR is 2 got sick, he called the vet out and got them shots, one died and the other 2 escaped when he went back to his big city home and he had to drive back to collect them. 

The whole experiment lasted less than a month before he took them back to the sale barn and sold them. 

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Posted
8 hours ago, Royalfan5 said:

With all the political stuff futures have been a mess with 4 limit lower moves in 7 sessions in feeders includes expanded limit lower today to put us about 10% lower in that time frame. Meanwhile boxed beef is up about 3%

My rain insurance guy is meeting with me Thursday. I still have my calves. Of course I held onto them after the peak. I will probably listen a little closer to his LRP pitch this time. 

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Posted
3 hours ago, Kennythetiger said:

My rain insurance guy is meeting with me Thursday. I still have my calves. Of course I held onto them after the peak. I will probably listen a little closer to his LRP pitch this time. 

Still historically high at least. Next falls calves I would worry about though. Will have to see what they say about reopening the border this week. 

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Posted
1 minute ago, Colonel Sanders said:

Can't we just raise cows in our backyards like Brooke Rollins suggested we do with chickens?  Sorry if this has already been proposed.l, but it seems pretty simple.

Take your 11 secret spices and get the hell out of here you chicken selling sonofabitch!!!!!

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Posted
4 minutes ago, gernblansten said:

Take your 11 secret spices and get the hell out of here you chicken selling sonofabitch!!!!!

How Dare You Greta GIF

 

sign me up for

image.jpeg.f08bde73166944c3c05bcdddfca58ac0.jpeg

 

although its widely known he puts addictive chemicals in it...

 

ee466c81-0313-4496-9a6d-ac06e3183355_tex

Posted
14 minutes ago, Colonel Sanders said:

Can't we just raise cows in our backyards like Brooke Rollins suggested we do with chickens?  Sorry if this has already been proposed.l, but it seems pretty simple.

We talking a suburban 1/4 acre plot in a subdivision with 100 houses with a convenience store at the neighborhood entrance? Or we talking a house on 2 acres off a recently semi-developed FM road?

Posted
10 minutes ago, crash_davis said:

We talking a suburban 1/4 acre plot in a subdivision with 100 houses with a convenience store at the neighborhood entrance? Or we talking a house on 2 acres off a recently semi-developed FM road?

Sorry, I was just being a smartass. 

I'm kind of surprised thouhh that pork and chicken haven't gone up in price as people substitute off of beef.  Maybe that's coming next.

Posted
6 minutes ago, Colonel Sanders said:

Sorry, I was just being a smartass. 

I'm kind of surprised thouhh that pork and chicken haven't gone up in price as people substitute off of beef.  Maybe that's coming next.

I rarely eat beef anymore. Shit's way too expensive. Pork and chicken prices have increased a bit but they would be the last thing I would complain about. Bread, milk, sodas, chips, just common shit have had way bigger % of price increases.

Posted
2 hours ago, Colonel Sanders said:

Sorry, I was just being a smartass. 

I'm kind of surprised thouhh that pork and chicken haven't gone up in price as people substitute off of beef.  Maybe that's coming next.

We are into the seasonal peak of pork production right now. (It's why this is usually McRib time of year) and bird flu isn't rolling for the season yet. Also biology allows you to ramp production so much faster, and we have some slack packing capacity in both. 

Posted
29 minutes ago, Royalfan5 said:

(It's why this is usually McRib time of year)

this thread has become a conspiracy to make me fat....

 

first KFC, now McRib...   getting hungry over here.

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Posted
3 hours ago, Royalfan5 said:

Still historically high at least. Next falls calves I would worry about though. Will have to see what they say about reopening the border this week. 

Two years ago I went from a March 1 calving date to April 15. Absolutely love it, but I have pretty small calves in the fall. I pre-conditioned them this weekend and will wean in three weeks. I usually feed them through the winter and sell the steers in February. Heifers are pelvic-measured and then retained or sold as replacements later in the spring. The flunkees are sold as market calves. 

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