WB wrote:Seriously, equiliribium of demand will be reached at some point. After that we will start backing product up again. Anyone remember the fall of 2015? The price of trucks has little to do with commodity prices. Yes, I own cattle all the way from baby calves to slaughter ready steers.
With other goods and services such as trucks inflating , we as ranchers need our product making new highs every few years.
It's been that way since we started back in 1965. I remember a great friend who said in 1973, "the day of the $200 calf is gone." Look what happened in 1974!
More like $150 steer calves.
It is still supply and demand (and politics, sad to say).
Best wishes to all who have cattle to sell!! I hope the market continues to rise.
There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true.