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western iowa,by Denison | Probably be a adjustment hard on calf segment-talking to a lot of cattle feeders and about most of them have decided it's not business as usual myself included, pass on 300 head calves that have bought past 5 years,best was $75 head profit with the last batch of steers will be -$100 if the market holds at current Dec Board price
packer doesnt have to take a loss,cattle feeder is tired of a loss and the cowman didnt get heeled up in last 3 years probably won't stay in
some $500 cash rent in my aera, a few investor land cash rent at $400
lots of $200 to $300 rent with other grain crop farmers wanting to rent more crop acres
most 20-50 cow guys have quit in last 5 years and lot of farm places gone and in corn and beans-over 10 farm places gone in last 5 years within 4miles of my farm | |
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joslin closing
