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Post by Glenn on Nov 16, 2011 15:59:40 GMT -6
An unanswerable question, but lots of folks suggesting $1.50 is the top.
Going to be very, VERY interesting. The numbers of cattle out there is almost immeasurably low, but the beef can only be sold for X dollars at the meat case before folks switch even more to chicken and pork.
The amount of packer cows that have added to the meat supply is ending and processors are going to struggle for tonnage from here on out.
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Post by dougthorson on Nov 17, 2011 10:53:12 GMT -6
I think they can go significantly higher. Numbers are down and with ground being tipped over, they will continue down and the oversees markets are going to continue higher. People have found they like meat protien a whole lot better than rice and wheat. There are more people to feed on less.
This will be a controversial statement, but when the Government OK'd ethanol they screwed up a long running control on food prices. It is now out of their hands. Government in the last 50+ years has never solved a problem, they only shift it from one place to another.
I think 500# steers will bring 2.00 within 2 years.
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Post by Glenn on Nov 17, 2011 11:14:40 GMT -6
I think 500# steers will bring 2.00 within 2 years. I don't think we'll have to wait 2 years. I can see it (maybe not long-term but a spike) happening within the next 12 months..... |
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Post by dougthorson on Nov 17, 2011 15:10:35 GMT -6
I was talking Oct calves, I can see grassers bringing that this spring.
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Deleted Member
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Post by Deleted on Nov 20, 2011 3:38:18 GMT -6
Heard Superior had a sale last week where 450# steers brought $2.19/pound.
As for your original question...I don't think there is a limit. Granted, supply and demand have alot to do with it, but the biggest question is how much will the dollar be devalued before the stratedgy plays out. I am beginning to think agriculture is looking pretty "toppy". Inflationary mentallity is really starting to appear obvious. "Buy now or you'll just pay more later". No one can predict the future, but that is the mentallity that fuels bubbles. 2014 would be about 7 years for this run. 1974 to 1981 was the last big bubble in agriculture. Ag is still the best game going, but...idk. High asset values encourage the best assets to come up for sale, so there are still great opportunties, but caution is a must.
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Post by dougthorson on Nov 20, 2011 9:30:57 GMT -6
James/Arthur Carter, Ft. Pierre 107 bbwf strs 532 $ 174.00
45 bbwf strs 418 $ 187.50
12 char/redx strs 313 $ 203.00
104 bwf hfrs 512 $ 215.00
Evidently someone is wanting heifer calves pretty bad. What do you suppose the guy who bid 2.14 is thinking now?
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Post by Glenn on Nov 20, 2011 10:07:19 GMT -6
Probably: thank god I quit when I did.
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