While shooting the breeze with the neighbor last night, he mentioned that he was trying to sell some tough barley and had contacted a local buyer. He was quoted $1.50/bu at the bin! Now that is pretty darned cheap barley?
The week before, on coffee row, a local feedlot owner told me he was getting fairly empty because he thought calf prices in relation to fats was way out of whack and hadn't been buying any! Now without a doubt this guy is a pretty smart operator and probably has the situation right?
I wonder if there are a lot of cattle feeders doing the same thing...sitting this one out? I know this guy bought a lot of local barley over the years and this year he hasn't bought any!
I'm not sure what the cattle on feed situation is right now but I would assume with the winter we've been having feed conversion should be pretty good? And hey with $1.50 barley the feeder should be able to make some money, shouldn't he?
The week before, on coffee row, a local feedlot owner told me he was getting fairly empty because he thought calf prices in relation to fats was way out of whack and hadn't been buying any! Now without a doubt this guy is a pretty smart operator and probably has the situation right?
I wonder if there are a lot of cattle feeders doing the same thing...sitting this one out? I know this guy bought a lot of local barley over the years and this year he hasn't bought any!
I'm not sure what the cattle on feed situation is right now but I would assume with the winter we've been having feed conversion should be pretty good? And hey with $1.50 barley the feeder should be able to make some money, shouldn't he?
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