Rain, depending on where you’re at and how much, is either great or not. The Enid area has received wonderful moisture over the last few months and the wheat is showing it! Where wheat looked just marginal a week ago now looks fantastic! If it will just stay that way, and the market would stay at $12.00 a bushel, boy what a summer everyone would have!
The commodity and financial markets continue to be very volatile. 800 point swings in one market, big ups and downs in the grains and cattle, housing going up or down, it all just adds up to a lot of confusion! Who knows what the market will be like next year? One thing might be for sure though, there will be more people in the world, and most everyone will have to pay taxes!
Considering what people actually spend outside their homes, it’s amazing anyone has any money left to buy new homes or cars. The national credit card debt is astronomical, and it doesn’t appear to have a top. Where does all the money come from? How can a sports player be worth $30 or $40 million dollars, and the most powerful person in the world, our United States president, be worth so much less? It sure looks like the priorities of the world are upside down.
With a baby being born every five seconds, the world population will be very large, and with all those people, someone is going to have to provide food for them. It appears like demand for beef will always be here, and as long as we have a free market system, there will always be ups and downs, but it should be fair. Depending on how you look at it, the high costs of doing business are either agriculture catching up with the rest of the world or just big companies charging what the market will bear.
Cows and calves continue to look like the best investment in the cattle industry. Apparently nobody wants to graze high priced wheat, and with the cost of gains so high in the feedyards and growlots, it’s nice to have those cows that will eat grass and old hay! So far their calves are still worth $400.00 to $600.00, with the cows costing from $600.00 to $1500.00. Like they say, why pay for the calf when you get the factory paid for in a few years?
END OF THE MONTH COW SALE NEXT TUESDAY, MARCH 25, 2008!
MC RANCH 100 Blk/Bwf cows, 3-6 yrs old, northern orig, bred Angus/Char
50 Blk/Bwf cows, 3-6 yrs old, northern orig, bred Gelbvieh
CBS RANCH 80 Blk/Bwf/Char/Red pairs, 4-10 yrs old, running with bulls
JIM EDWARDS 25 Blk/Bwf 1st calf heifer pairs, with Angus sired calves
Dean Staats 1 2 yr old Pollard Angus bull, TC Freedom bloodlines
CBS RANCH 80 Ang/Char/Limx strs/hfrs, off grass & wheat, 400-600lbs
HAPPY EASTER
THANK YOU TO ALL OUR CUSTOMERS
