Cattle are like any other livestock. You have to keep in the market an watch the highs and lows. IF you try jumping in and out you will rarely hit the highs. You will usually be "late" on them.
As for the current market. We will break even or maybe lose on some of the current fat cattle in the yards now but we made a wind fall on the ones 2 years ago or so. What I have been taught, and try to do, is to save any wind fall profits to off set the losses when the market corrects. Also take advantage of sales opportunities what they are there, do not hold out for the top market. You will miss it 80% of the time. Make your profit and go on.
My plan for this next year is to buy some replacement heifers. I sold forty heifers 18 months ago. I need fresh blood in the herd anyway. It is better to buy replacements on a down market. I should be able to find replacements for 75% of what I sold mine for, maybe less.
As for feeding cattle out right now. Look at what you can lock in the price on the finish end and work you way back to what the feeder calves are worth. I bought several pens last week while back in Ohio. The market was down around the Holidays. I will contract them this coming week. I have three choices right now on when and where they will go. The price is close to the same. Right in the $1.25 range which will work on the price I got the calves at. The key is the cost of the calves. The feed cost is easy compared to the calf price.
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