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Home News Livestock Crops Markets Hay, Range & Pasture Home & Family Classifieds Resources This Week's Journal

Just a scoop full

(July 23)--The price of corn on the futures market has fallen $2 per bushel on December. I know any farmer needs more for their crops, but I also realize it is going to be extremely challenging to make the feedlot cattle make any money with terribly expensive corn. Whether it is cattle or corn or whatever, anytime the market starts going up sharply or down sharply there are always people predicting that the market will go a lot higher or a lot cheaper than where it is at that time.

That's what makes the world go round.

We have a lot predicting fat cattle for the spring months to hit $120 per hundredweight I don't know about anybody else who feeds cattle, but I cannot get convinced that fat cattle will reach those all time highs. We will have to stay in very short numbers to be able to sell fat cattle extremely high. We slipped from $102 per hundredweight to $97 or $98 without much reason. And now this week, again, we are trying to climb out of that hole that they have crammed us into. We do not have much backbone on selling fat cattle and the packer uses every angle to buy them cheaper. If we reach those high levels, the packer is going to have to willingly give it to us or else we are going to have to toughen up.

Feeder cattle are still selling well with limited numbers available. Finally, we have some grass pastures that were very yellow in color not long ago.

All four of my boys have girlfriends. The oldest is 14 and the youngest just turned 7. The youngest said the other day, "Dad, how do you kiss a girl?" Naturally, I answered him very quickly so he wouldn't think that I had forgotten. I said, "I guess you just pucker up and move a little closer." There's one thing for sure at our house--it is never dull.

Editor's Note: Jerry Nine, Woodward, Okla., is a lifetime cattleman who grew up on his family's ranch near Laverne, Okla.

8/4/08
6 Star Midwest Ag\21-B

Date: 7/29/08


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