It is hard for me to grasp the idea that cattle prices may remain this low for producers. Our calf prices here East of the Mississippi sell lower than the western states mostly due to shipping costs. That is understood and life. No problem with that.
I sold 19 this week, steers/heifers, weaned, 2 rounds of shots, on feed, paste dewormed. They sold well considering the market (20% above the market). I have fertilize and fuel money.
I saw some decent 6 wt. bull calves sell for .96 to 1.05.
Feed lots are losing money. Finished cattle are bringing 1.10-1.13 cwt. Should still be at Spring highs close to 1.30.
Packers are making a $280-$300 profit and owning them 2 days. The economy is well, meat is moving off the retail shelves.
Something has to give. We can not run a charity.
Cattle Prices
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