Not sure where you've been, but light calves and feeders have been selling high since last spring or before. Earlier on, fly weights weren't breaking $3, but they have for awhile now. For light beef steers anyways.
The market has gotten slightly better as the summer has went on. Could of sold my 6 weight steers last spring for around $2.30 something. But, I hung onto em until they was 8 and half weights, and still got $2.37 a few months later. Kind of wondered when I was feeding them, if I was doing the right thing. But it panned out.
People seem to think it'll be a good market for 2 or 3 years. I pretty much agree. It's not looking like a peak and then back down like we seen back around 2014 or so.
Cattle numbers are down (mother cows). The big boys seem to think this will all blow over once we are out of the drout cycles we've been seeing in some areas. But those guys aren't accounting for the hudge gobs of grass being torn up and planted to corn. Your cow calf guy needs those grass acres. Your feed lot guys don't. And your calves come from those cow calf guys, not the feedlot. So unless somebody makes up the difference of dis-appearing grass lands by dry lotting cow calf pairs, those lost numbers are just going to be gone and not coming back.
Around here (my area), row crop farmers live a pretty lazy life. They are seasonal workers you might say. And they sit in a comphy cab even when they are hitting it hard. They don't want to be bothered with livestock and daily chores. Anyways, they are setting an example that others are wanting to follow. A big pasture and a big hay meadow within 2 miles of where I live got tore up just this summer even though the cattle prices are the way they are. So the high prices of cattle, don't seem to make much difference to the ones who choose to be lazy.
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