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 - Choosin, Mounting and Using a Bush Hog Type Mower - by Francis Robinson. Looking around at my new neighbors, most of whom are city raised and have recently acquired their first mini-farms of five to fifteen acres and also from reading questions ask at various discussion sites on the web it is frighteningly apparent that a great many guys (and a few gals) are learning by trial and error and mostly error how to use a very dangerous piece of farm equipment. It is also very apparent that these folks are getting a lot of very poor and often very dangerous advice fro
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