Posted by Mike (WA) on April 03, 2012 at 08:39:11 from (69.10.196.49):
In Reply to: Re: Baby calf prices posted by Nebraska Cowman on April 03, 2012 at 04:49:01:
Can't imagine paying over $2 a pound for 4 weight steers. Is this finally the "bubble" that will never burst? Kinda like the dot coms, and real estate?
A savvy cattleman in my area says that everybody falls in love with cattle when they're high, and just can't get enough of them. Then when they hit the skids, they hate 'em, and can't get rid of them fast enough. He'll be way down on numbers this year, having sold them for a fortune, and will buy back in when they get cheap, which they always do.
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