Steers Fall of 2008

[victoire]

Dec 08 barley @ 199.6/mtonne
Dec 08 corn @4.62 /bus
Dec 08 L.C.@99.10./cwt
What will 850 wt. steers be worth in central Alta .

[gaucho]

85 Cents depending on what happens to the dollar

[gaucho]

yes barley for july delivery 116 dollar /ton .
feeder cattle wil be lower for 08 to come.to many cows in alberta,how are the feedlots doing in the south ?
hope there is a cap on the amount of pay out so we don,t see feedlots getting bigger again in s- alberta

[kato]

I was reading an article about the MCPA annual meeting today. Rick Pascal was one of the speakers. The way he described the feeding business in western Canada was that it's on a 'death march'. He said he'd remortgaged three times and wasn't going to do it again. His concerns were feed, the dollar and MCOOL.

The report said the other speakers were all pretty much doom and gloom too. Is this the general feeling out there? Or just the bias of the reporter? We couldn't get to the meeting, so have to rely on news articles and second hand information.

[mb_rancher]

I think we are in for a bumpy ride in the cattle industry. Couldnt figure out why guys were paying up to $1200 for bred cows late this fall.