the beef at the feedlots are smaller/lighter weight from the lack of grazing land because of the drought, and higher hay prices from higher fuel prices and water availibility. The prices may be lower this year because of a larger numerical amount, but next year it will skyrocket from lack of cattle being slaughtered. it takes 2 years to properly raise beef.
We sold all but 2 the other day. Had them processed and bought another freezer. We have had one rain in the past 9-10 weeks. 1/2 inch. Over 100 degrees 23 days in July. People here are looking at $100 round bales this winter. Everybody’s pastures are burning up. I’m playing the market. Hope to get grass grown before winter (if we get rain)…. And plan to buy calf steers in late Feb. Maybe have enough grass to mostly feed them until next spring hits. Put 500 pounds on them and sell in Nov 23. All hinged on Feb prices. Could get back in cow calf operation if prices warrant.