GET SET FOR OFF THE CHART BEEF PRICES-COUPLED WITH LACK OF FOOD AVAILABILITY AND PRICING WILL BE SO UNLIKE ANYTHING AMERICA HAS EVER KNOWN BEFORE!

Friday, August 7, 2015
By Paul Martin

SteveQuayle.com
Aug 7, 2015

Dear Steve,
Wanted to tell you, my Dad and I shipped our bull this week, he has done
his job and we are thinking about changing our genetics. While at the
stock yards we talked to the foreman and he mentioned that there is a lot
of herd dispersal sales this month. It seems that many guys are getting
out of their cattle because they are realizing that they cannot produce
enough feed for them for over the winter. Yes lots of guys sold out before
but it is even worse now. Many of these guys are older and just giving up
and retiring, and the others are the beef farmers that were marginal and
now cannot afford to buy in hay. If you think beef prices were high now
wait till spring. The hay crop this year is horrible. We had the very dry
spring going into summer and then heavy rain that did not help. Much of
the alfalfa is just sticks with a few leaves at the top of the stems. In
our fields the hay is lousy. We are getting 1/3 the bales that we should
be getting and we are doing pretty good compared to the neighbors. Good
thing for us we have green feed as well. The prices of hay are already
going way up, and last years hay is looking to get the same price as what
new hay would normally even after sitting in the weather since last fall,
people are happy for what they can get. Remember I mentioned that people
were using the old ads to try and find feed. We are not selling anything
until we know how much we can get ourselves. Locally a large feedlot was
baling the ditches because they cannot get enough and many guys are looking
at feeding straw this winter. It can be done but the animals do not do so
well. BYRON

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