Historically cattle have followed a 10 year boom bust cycle. The last 10 plus years before this year or so we have been for the most part up every year. The last few years people that never had cows started their own small herds because of the prices. That made this bust much more severe. I'm afraid that cattle prices will halve again in the next year or so. This bust is especially painful because of the calving capacity we have built up mainly because of weather driven prices. Its going to take a few years to weed out the jump in speculators and get the herd down to a sustainable number. The lackluster economy, that's here to stay I'm afraid and peoples losing the taste for beef, cheap competitive meats, also compound things making it hard for beef to ever prosper again. The future is small markets, branded, grass fed, local sales, ect.
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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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