You are right on. I talked to a older buyer(70 years+) that buys for one of the larger sale barns in PA. He said he has never seen anything like it in his life. He said you CAN NOT make money right now buying feeders and contracting. He doesnt understand who is buying these animals. Only thing he figures are guys are buying hoping the fat market climbs even higher, and with low grain prices guys are pulling straws trying to find a way to make money. Its going to be a tough year here for some guys. Its a great corn year, so what do you do? Sell at $4/bushel? or put it into animals and possibly lose money. There are a lot of dairys that buy corn silage, but one good years like they year they wont need to buy much...
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Today's Featured Article - Running Beans in East Central Indiana - by The Red, John Fritz. Fall is my second favorite season behind the long days of summer. The calendar reads late September and it�s time to start running beans. This article is about my experiences helping my farm neighbor Ernie Swoveland, along with his grandsons Jeff and Craig Ring, with the soybean harvest in East Central Indiana for the 1999 season.
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