The short answer is no, there won't be a profit this year and possibly the next 2-3 years. I've been around cattle all my life and raised them for over 50 years. When there is an election year, especially when there will definitely be a new president, the markets suffer.
In my opinion this is the time to cull your herd. When the market was good, I sold all my heifers and kept the productive older cows. Now that feeders are low, I'm keeping my heifers and culling my older cows. I sold 10 aged cows last week and may sell a few more. They haven't dropped in price as much as feeders, percentage wise. When prices recover, I'll have younger cows.
I don't think I'll ever see the bubble that we had a couple of years ago again in my life. In the long run, a market bubble is seldom a good thing for any commodity.
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Today's Featured Article - Upgrading an Oliver Super 55 Electrical System - by Dennis Hawkins. My old Oliver Super 55 has been just sitting and rusting for several years now. I really hate to see a good tractor being treated that way, but not being able to start it without a 30 minute point filing ritual every time contributed to its demise. If it would just start when I turn the key, then I would use it more often. In addition to a bad case of old age, most of the tractor's original electrical system was simply too unreliable to keep. The main focus of this page is to show how I upgr
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