What opportunities we have right now! Wheat and cattle futures are at or near all time highs, moisture has been very favorable over the last several weeks, fat cattle are bringing in the nineties with hopes of them bringing over $100.00, and the fall calf run is starting to get underway!
How much better can it get? Over the last twenty years, wheat on the board has ranged anywhere from $2.50 to $9.00 a bushel, averaging around $3.50 to $4.00. During the same time period, feeder cattle have ranged from $55.00 to $120.00, averaging around $85.00. It sure looks like we have one of the best markets in captivity, and there are certainly some ways to make money in it!
If we’ve been satisfied on $4.00 wheat for twenty years, then all we have to do this year is plant half our crop to wheat, and completely graze out the other half. If we put one head to the acre on a graze out program, and they gain two pounds a day, at the end of the season, which is approximately 175 days, then we have put on 350 lbs of beef per acre, which at today’s prices is approximately $400.00 an acre! If wheat is worth $8.00 a bushel, and we get 35 bushels per acre, doesn’t that come out to only $280.00 per acre?
I think it might be an understatement to say that there is an outstanding opportunity to make some money on $8.00 wheat and $115.00 feeder cattle! Get possession of the stockers or the factories, turn them out, take care of them, and tell the banker to get ready!
Take some time to come to the auction or at least participate over the internet! The next few weeks will have everyone and their dog busy trying to plant high dollar wheat, and there will be some great opportunities at the auction!
UPCOMING EVENTS AT WINTER LIVESTOCK IN ENID:
SPECIAL WEANED, PRECONDITIONED CALF SALE NEXT TUESDAY!!
Bill Davis 75 Fancy, Angus/Char x strs/hfrs, 500-700lbs, weaned,
Out of Pollard Farms Angus bulls, Vacc.
R & S Cattle 150 Angus/Limox strs/hfrs, 400-600 lbs, weaned, vacc.
HAWS Farms 150 Angus sired strs/hfrs, 500-600 lbs, weaned, vacc
Jim Hartless 65 Ang/Lim/Brangx strs, off grass, 800-900 lbs
OUR NEXT MONTHLY COW SALE IS TUESDAY, SEPTEMBER 25, 2007!
DON’T FORGET TWO ABBI BREEDING STOCK AUCTIONS
SEPTEMBER 25 AND 27, 2007
NEXT VIDEO SALE IS OCTOBER 2, 2007