Posted by JD Seller on October 07, 2015 at 21:22:52 from (208.126.198.123):
The bottom sure has dropped out of it here. Fat cattle at the sale barn Monday where in the $1.18-1.20 for fats. Cull cows where $.79. These prices will really shock the pants off of the fellow that where giving $5-6 per LBS. for 100 LBS. baby bottle calves just 4-6 weeks ago. LOL
This price drop is one good reason that I try to put a floor under our cattle with cash contracts for future delivery. If your selling some of those $2.5-2.75 five hundred pound claves from late winter or early spring your swimming in the red ink now.
Even with lower cost feed your going to be hard pressed to show a profit on feeding cattle in the near term with these type of prices. There is sure a lot of feed put up around here. I know guys that rarely chop corn silage that have several bags or silos full. That is committed to feeding.
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