The short answer is no, there won't be a profit this year and possibly the next 2-3 years. I've been around cattle all my life and raised them for over 50 years. When there is an election year, especially when there will definitely be a new president, the markets suffer.
In my opinion this is the time to cull your herd. When the market was good, I sold all my heifers and kept the productive older cows. Now that feeders are low, I'm keeping my heifers and culling my older cows. I sold 10 aged cows last week and may sell a few more. They haven't dropped in price as much as feeders, percentage wise. When prices recover, I'll have younger cows.
I don't think I'll ever see the bubble that we had a couple of years ago again in my life. In the long run, a market bubble is seldom a good thing for any commodity.
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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