Posted by farmer boy on May 06, 2014 at 08:54:48 from (66.209.49.50):
In Reply to: You can tell posted by LOU from Wi. on May 05, 2014 at 17:11:56:
Dressed weight prices are at record highs. Steers are at 2.55 to 2.57, and heifers 2.54-2.56. In November 2013, prices were around 2.10. It'd take a real idiot to lose money right now. Lots of guy bought $155 corn and are now selling at 2.55. The prices have been like this coming on 4 months. The consumer is now starting to feel it, which of course means that beef consumption will drop, and cattle prices will too.
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