Cattle prices are amazing!

[ALLFARMER]

800lb heifers 1.1925 = $954
920lb steers 1.1850 = $1090
520lb heifers 1.3550 = $704

Picked these prices off the april 1st TEAM sale. I am thinking about buying some 900lb heifers but to pay more that $950 seems steep. Can't really see prices going down though.

Work Sunday fix Monday!! Managed to bust a major steel post on my v cutter, brush cutter and broke 2 hoses moving my straight blade out to the bush. Some days you now you should have took the day off.

[15444]

Those prices actually seem a little low. On the low end, those 520 lb heifers should be hitting $1.40 no problem.

[burnt]

It will be interesting to see where these feeder prices go if corn drops back about .50 or $1.00/ bu.

Here's hoping for a BIG corn crop.

[burnt]

It will be interesting to see where these feeder prices go if corn drops back about .50 or $1.00/ bu.

Here's hoping for a BIG corn crop.

[burnt]

Sorry about the double post - stuttering fingers . . .

[Ruken]

I know. Where does the capital come from to pay these prices. Multiply those animal values by the number of head in the group and the total is close to staggaring. A person can buy a sizable part of an apartment building or a commercial warehouse with those totals with a fraction of the profit risk.
Question, is this the year to buy into the cattle price insurance programs?

[ALLFARMER]

15444 You may be right. Canadian markets are not rising as quickly as the American markets.