Worries me. With input cost as they are... With the crude oil drop on the commodities market we may see some change in fertilizer but it wont be proportional. Also, if the Saudi's slow down pumping would be my guess the oil market will bounce back fast.. A drop in cattle prices of unknown (20-30% drop??? ) proportion would send a lot of cattle to the packer... My small group right now is not sustained from cattle revenue since I'm starting back up right now. But they will have to get there within 3 years. This is what concerns me most, buying cows on today's market you may think a $5000 purebred is a great deal... You could easily wake up and she is worth a 1/3 of that... Been there and done that in the late 70's.... I'm taking it slow on purchases, three or four a year. On the flip side drop in gas prices gives the consumer more disposable income, perhaps they will eat more beef! .
Sold some registered yearling heifers Saturday for $2500 per head. This data makes me feel better Glenn .. Bought their dams last year for an average of $3700. Turned around today also and bought some registered 6 and 7 year old cows just now calving ... The average progeny weaning ratio on the cows was 112 In a herd of 250 cows. PROVEN COWS AND NOT GUESSING ABOUT WHAT A YEARLING MAY DO. .In my opinion I had rather buy proven cows breed them as I want and roll on. Don't intend to get caught up in the hysteria of a high market . Been there and lost my butt! Finally made it in life where I'm in it for the long haul regardless and can breed what I know works in the Southeast.