$ 8.00 wheat

[GDR]

I've been told that feedlots lose money almost as often as they make money. As long as it averages out to profit in the long run it all works out. With the tax bill, staff that need to be kept busy, fixed overhead, home grown silage/feed that needs to be used, apparently better off keeping the pens full regardless of cost or loss.

For sure that's the situation but no one is too big to break and how long can it go on. Last year was tough on those guys, especially once covid hit. This year feed price. Like Shitferbrain's post only thing keeping them going is tax avoidance.

I know a few guys that have quit feeding the last couple years because the margins are tough and for them selling grain is less risky than feeding. All small guys feeding a few thousand head but they add up in a hurry.

[bucket]

8 dollar 3cwad for new crop..does that count for this thread

[Old Cowzilla]

Used to be lots of deferred income tax money trapped going around and around in the feedlots.
Is that still happening?

Not likely as much oil patch money that's for sure. Don't todays oilpatch kids just upgrade the Airdrill instead of buying a couple of potloads of wetnoses?

[mcfarms]

Alberta price?

yes it was