I have been in the cattle business all my life, and my Father before me, he bought for Swift and company for 40 years. I have bought and sold a lot of cattle and backgrounded a lot and placed a lot in feed yards over the years but I have never sold any cattle at a specific, set price 6 months in advance, especially in August before the fall calf runs and winter cow culling when the available cattle numbers are not yet known. I have seen a lot of contracts where the cattle were pre-sold to a specific buyer well in advance and the terms were agreed upon, almost always the differnce between the month following the sale dates futures price and the current cash price, but the actual day of pricing was left to the seller. Many years a contract such as you describe would be gold but in the highest fed cattle market in history combined with the lowest cattle inventory in over 60 years I believe I would want to price my cattle to the current market. Any increase in a packers captive supply depresses the cash price in any cycle and I surely would not want to increase the packers captive supply in an up market.
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Today's Featured Article - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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