You are right on. I talked to a older buyer(70 years+) that buys for one of the larger sale barns in PA. He said he has never seen anything like it in his life. He said you CAN NOT make money right now buying feeders and contracting. He doesnt understand who is buying these animals. Only thing he figures are guys are buying hoping the fat market climbs even higher, and with low grain prices guys are pulling straws trying to find a way to make money. Its going to be a tough year here for some guys. Its a great corn year, so what do you do? Sell at $4/bushel? or put it into animals and possibly lose money. There are a lot of dairys that buy corn silage, but one good years like they year they wont need to buy much...
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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