I have been in the cattle business all my life, and my Father before me, he bought for Swift and company for 40 years. I have bought and sold a lot of cattle and backgrounded a lot and placed a lot in feed yards over the years but I have never sold any cattle at a specific, set price 6 months in advance, especially in August before the fall calf runs and winter cow culling when the available cattle numbers are not yet known. I have seen a lot of contracts where the cattle were pre-sold to a specific buyer well in advance and the terms were agreed upon, almost always the differnce between the month following the sale dates futures price and the current cash price, but the actual day of pricing was left to the seller. Many years a contract such as you describe would be gold but in the highest fed cattle market in history combined with the lowest cattle inventory in over 60 years I believe I would want to price my cattle to the current market. Any increase in a packers captive supply depresses the cash price in any cycle and I surely would not want to increase the packers captive supply in an up market.
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Today's Featured Article - A Belt Pulley? Really Doing Something? - by Chris Pratt. Belt Pulleys! Most of us conjure up a picture of a massive thresher with a wide belt lazily arching to a tractor 35 feet away throwing a cloud of dust, straw and grain, and while nostalgic, not too practical a method of using our tractors. While this may have been the bread and butter of the belt work in the past (since this is what made the money on many farms), the smaller tasks may have been and still can be its real claim to fame. The thresher would bring in the harvest (and income) once a y
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