How high are live cattle going to go? & land

[ALLFARMER]

http://futures.tradingcharts.com/chart/LC/W

My uncle bought some 800lb heifers for $950 last week. Last year these were $500 critters.

Bought 2 bush quarters yeaterday for just under 60k, connected to what I already have so with 40 acres I rent 1000 acres. When I started 15 years ago with nothing I figured maybe by the time I retired I would have maybe 3 in a block paid for. 20 years plus to retirement to go. Have a great day all!!!

[T.N.T.]

Whats his plan to do with these heifers?

[brian99]

If he breeds them, that puts his cost at at least $1350. Ouch.

[ALLFARMER]

His plan is to sell them in the fall as bred heifers. I think he wants to sell them to me. The cattle market will have to follow the canola market for that to possibly work.

[ALLFARMER]

Looks like the canuck buck is headed back down and back to around par. Dollar goes down beef goes up right?

[brian99]

Dollar can't stay down. States is way too weak. Money just sloshing around until we know if Japan melts down.

[T.N.T.]

He wants to sell them to you?And why would you want to buy unkown heifers,when you just sold your cow herd and knew what you had?

[T.N.T.]

If calf prices are this high come fall,i wouldn't be to surprised to see good heifers trading in that $1800 to $2000 range.And good young cows $1600 to $1800.

[ALLFARMER]

TNT

Had to sell the cows for cash to buy some land with. FCC does not like lending money for bush land. AFSC was not giving any preapprovals before the auction.

The brand inspector held some cows back for brand inspection, I called the brand holders and one guy said he has not had cows since bse and they were older cows then. So some of my cows were much older than I thought they were.

I had very good luck with my last years heifers. I only helped one a little I it was only moderately tight. Black Angus = easy calving

I here things are getting better in the usa unemployment numbers are down

Interest rates may be on the way up as Japan will need cash to rebuild

[grassfarmer]

And the prize for sweeping generalization with no basis in fact goes to....drumroll
...Allfarmer. "Black Angus = easy calving"
Let's just hope the heifers aren't bred to that new mega-money SAV AI prospect that was pushing 1000lbs at 205 days.