Posted by LAA on October 29, 2015 at 20:26:35 from (217.175.64.196):
I buy a good many cattle straight off the farm and it has always been a tough business, most people I deal with want cash money only which can get tricky at tax time and probably 70% of people are worried to death they got a nickel per head less than they would have elsewhere. There are always a lot of deals you just have to walk away from because people will not educate themselves to the actual market and be reasonable, they only know that so and so told them what he got at the sale barn although so and so may have better cattle or is exaggerating. I have never seen it as bad as it is right now, after these high markets of the last couple of years people just don't want to believe its over, maybe they have more money tied up than the current value but that is the risk involved. In my area we have an ocean of high priced heifers coming with their first or second calves that will only bring back 1/4 to 1/3 of what the people paid for the mama's unless a miracle occurs. In a few more months I might be glad I could not get many bought.
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