Cattle prices

[cottonpicken]

https://www.agriville.com/cgi-bin/forums/viewThread.cgi?1395846522

In the past 11 years i have watched nearly all the commodities set there new trading ranges just like they did in the 70's.

The great part is we are not going to have as long of a wait for another round of ranges,unless of course someone steps in and stops the madness.

[errolanderson]

A 400lb western Canadian calf is now worth . . . .

one (1) ounce of gold plus eight (8) ounces of silver(converted to loonie tunes).

[wmoebis]

Good comparison Eroll
What is barley per bushel worth when that calf is butcher weight?

[bucket]

I will wait until they are worth 3 magic beans again. Then get my kid buying them.

[errolanderson]

A 400lb western Canadian calf is now worth . . . .

nearly 800 bushels of U.S. cash corn currently bid at $1.70/bu delivered U.S. elevator = $1.90/bu Cdn funds

[errolanderson]

no need for cattle price risk management . . . this is the new norm

(tell me to shut-up)

[mcdon]

feeders up the peg again today, live up 2.3.

[Hopalong]

Can remember a time when stock steer calves were 40 cents a pound,top quality milling wheat was $1.20 a bushel if you had wheat board quota or 60 cents a bushel if you sold it on feed or black market.

[15444]

Cattle price risk management won't mean a thing when this party crashes. Ontario's insurance program - 100 million dollar fund won't even cover 1/2 of the Ontario beef industry, if prices were to drop 25%, let alone 50%. This has already been admitted by directors of the provincial association.

Kind of doubtful if any province has the guts to completely back their cattle insurance programs if the bottom fell out completely.

[mbdog]

15444....provincial directors have heads up their ass....they are the problem. Covering ag losses is the least of the problem....