I was reading in Cow/Calf Producer magazine last night that the market could retract 50 percent. The author cited the market corrections in the 70's, 80's, 90's and early 2000's for the high and low prices in each cycle. So if his predictions and historical trends are right, we could see prices in the dollar twenty to dollar and a half range. It may take awhile to get there but the bottom is not here yet. My calves are hitting the ground now so its kind'a in the air what they will bring next April. No sense in worrying about it though, not much we can do about it. A good pre-conditioning program will come into a huge play for top dollar according to the owner of Joplin Stockyards.
Cattle Market.
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