Cattle market

rgood · May 9, 2011

When you read the below - Does it mean $150 per 100 pounds?

Feeder Steers: Medium and Large 1 355-365 lbs (361) 150.00-160.00

smstonypoint · May 9, 2011

rgood said:
When you read the below - Does it mean $150 per 100 pounds?

Feeder Steers: Medium and Large 1 355-365 lbs (361) 150.00-160.00

Correct -- $/cwt (or cents/lb.)

Steve

grnspot110 · May 9, 2011

rgood said:
When you read the below - Does it mean $150 per 100 pounds?

Feeder Steers: Medium and Large 1 355-365 lbs (361) 150.00-160.00

Yes! Price is per/"hundred weight".

ken4831 · May 10, 2011

grnspot110 said:
Yes! Price is per/"hundred weight".

Then deduct the cost of hay feed wages and stay awake nights wondering if will break even at at end of the year. There is no gurantees.
ken

DennisArrow · May 10, 2011

What is the "forecast" for weaned steers at auction in the next few weeks.......my pasture is getting totally overgrown and sure could use a couple of steers to fatten up before introducing the grain...................

Anyway.........what do you think is gonna happen to the market for cattle between now and end of june?????????????

thanks.........God bless.........Dennis

moored4 · May 10, 2011

You mean!! We are supposed to be making money at this!!

I thought we were doing it just for the fun of it!:laughing::laughing:

smstonypoint · May 10, 2011

DennisArrow said:
Anyway.........what do you think is gonna happen to the market for cattle between now and end of june?????????????

Dennis,

Yesterday's settlement prices for feeder cattle futures were as follows:
May 2011 -- $128/cwt.
August 2011 -- $132.30/cwt.

Check here for some info (dated) on the feeder cattle basis in Georgia: Marketing and Pricing Publications

Steve

MMagis · May 10, 2011

I just don’t see the prices going down much in the immediate future. Good year for commercial cattlemen. Tough for those running stockers, or feedlots, or anyone who depends on buying cattle and/or feed.

showcattle · May 10, 2011

Cattle market is great if you're selling....

sweettractors · May 10, 2011

So farm we have 62 babies on the ground and doing well. The hay here in Central Ky is awful. It is running about 1 month late and not good quality. Almost all new seedings and hay field fertilizer got washed away. Hay supply may be short this winter? Ken Sweet