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Advice needed on backgrounding operation
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garvo
Posted 6/10/2019 06:17 (#7550940 - in reply to #7550636)
Subject: RE: Advice needed on backgrounding operation


western iowa,by Denison
LKM - 6/9/2019 21:59

The calves are finally starting to soften up i think. We filled a couple pens this week, our orders had went unfilled for 2 weeks now, maybe 3.

I think you just have to use good sense. Buying a 8xx$ 5 wt or a 900$ 6 wt just hard to pencil when a 800lb steer isn’t even bringing 1100$.

Our avg buy this past week was 500lb cost 735$ 100% black steers and bulls prob 75% steers 25% bulls, one load was a set of home raised steers.


Good buy Luke-with back rounding and futures on fats would be $200 profit locked in today-no risk -you might have to wait 360 days
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