Posted 5/22/2020 08:16 (#8273021) Subject: Choice down $2.23- $401.81-cowboy math-
western iowa,by Denison
$401.81x63.5 =$255.15 live value-sounds like cattle around $120 cash
Average fat today at 1383#x$255.15=$3528 average cost of $1660
$3528-$1660= $1868 margin-meanwhile government comes out to help cattlemen out with $33 to $214 a head
Almost 100,000 kill yesterday-I know when corn was $7 we did not have problems finding wagons to haul corn
the slaughter plants have more incentive now then any time ever.
As a old boy I know in the Templeton rye farm fields-"you cant print money this fast"