LAA: It is more of what a difference a year makes. The real issue is not that there is not the gross money in the cattle market for fats. It is that the feeders around here are sure not in the 90 cent range or at least the calves that will work in the markets I have been selling to and our corn is not $3 either. We sold enough of our corn on rallies in June this year that our cash corn value is still over $4. We have a solid base for good corn prices next year too. We can make better money right now by NOT marketing all of our corn through the cattle.
I still do not get when your talking about being surprised by locking in the base price of fats. I have done this for over 20 years. I am not going to gamble on the market price of fats when they are ready and hoping that it "works" with the calf price you have to give. The most common type of contract we use is grade and yield contract. It has a base price. Then premiums or discounts based on the grade and yield of the cattle. We know what our cattle usually grade and yield so you can have a real good idea of what your going to receive. This leaves death loss and rate of gain as the major issues that you have to contend with not doing able to control them. There is a delivery window that is usually not hard to hit.
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Today's Featured Article - Show Coverage: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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