Posted by JD Seller on February 02, 2014 at 17:31:35 from (208.126.196.144):
I usually have the majority of the feeder cattle contracted long before they are ready for market. So I sell few at the local sale barn. We are luck in that the local sale barn is pretty competitive.
We shipped the cattle out of the yards on the neighboring farm. We had 15 that would not fit on the trailers. So we decided to just take them to the local market.
The weather caused the market to be closed last Monday. So they will have a heavy run tomorrow.
I think the open market will beat the contract right at the moment. The contract was for $138 I am thinking that the open market will be above $140. Even if it does I am not going to gamble with any large numbers of cattle off of contract.
So I will let you know how the sale goes tomorrow.
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