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| Balance it? Well for starters a balance would be $4 hamburger and $15/lb ribeye. But, I’m assuming that’s not the answer farmers are looking for.
Feeders were not staying above $350 and live above $225 forever. Politics, weather, screw worm, tariffs, imports. Blame it on what you want, but the cattle prices are the same as $8 corn, $120 crude oil, $10 natural gas, etc. the common denominator is that none of them stay there forever. Eventually the market doesn’t care about the “herd size”.
There have been ample opportunities to hedge on the board, which most of the posters on here don’t like or wish they “would shut it down”. It’s available everyday to transfer risk. That is what it is designed and used for.
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Catttle guys, if this is true how do we balance it?
