I can't help it if your neighbor is stupid, using tried and tested methods of estimating the near and or long term demand for fed cattle is not the reason he over paid for his feeders. As far as you using cash contracts that is up to you, your few head may not break the market but multiply that times tens of thousands of others and it affects the markets, the packers know that and in your case it worked, they took roughly 4% off of your cattle. You may know your feed costs as we all do but the cattle feeding business in all phases is a margin business and always has been, no feeder can afford to give up too much on either end, not on calves going in the pens or fats leaving the pens. You are selling that corn you grew through those cattle, you still have the same input costs as if you had grown that corn to take to the elevator, except maybe drying cost, there is no drying cost in my area because corn is harvested in July and August.
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Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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