Posted by kyhayman on January 05, 2009 at 19:23:36 from (75.104.128.57):
In Reply to: Cattle Prices posted by JD MAN 65 on January 05, 2009 at 18:48:11:
Thats actually not too bad considering he's a bull, and sold as a single. I've sold a lot of good steers for a lot of years in that weight range and been tickled to get 80 cents. The past few years have been exceptional. Even good steers in groups are stuggling to hit the dollar mark.
I've been watching the futures market and it appears that long futures are trending higher. Most of the market gurus I've been listening to say we bounced around the bottom of the cattle cycle back in November. I'd look for seasonal rallys this year to sell on with a good recovery following a general economic recovery by 6-12 months.
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