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HAVE WE SEEN THE PEAK FOR FEEDER CATTLE PRICES?
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brads by laws
Posted 2/24/2012 11:11 (#2248620 - in reply to #2248594)
Subject: Re: HAVE WE SEEN THE PEAK FOR FEEDER CATTLE PRICES?


I really don,t know what to think. I sat at local sale barn and watched 768# medium flesh high qaulity black angus genetics sell for 1.635 or 1255$ a head.At my place that would put break even at 1.36-1.37 range and Aug. futures at 1.30 So I guesse threre is still a lot of optimisum out there! Think we are going to have to see some serious red ink in the feedlots to change that..I would say the sale last wens all clases ofcattle were as high as I have seen all year.
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