Can you feel better about your marketing decisions when neighbors look at you like you lost your mind?\u00a0 For the past two weeks the casual conversation is \u201chow\u2019s the wheat? And have you turned out on any?\u201d\u00a0 When I tell them my wheat is doing super and No, I sold all my calves I had ready to turn out.\u00a0 They give me a look like I have lost my mind.\u00a0 I just spent the last month weaning and preparing these calves for wheat pasture and I up and sold them!!!?????\u00a0 They think the bank forced my note or something else went terribly wrong.\u00a0 But the local market here is screaming for weaned calves ready to be turned out on wheat.\u00a0 The wheat market is down and farmers are searching for ways to scratch extra revenue out of their crop.\u00a0 I simply sold the market what it was demanding and will replace them this week with what they don\u2019t want; fat, bawling bull calves weighing over 590 pounds.\u00a0 I sold thin, hard, 60 day weaned yearling that weighed 585 pounds for $106.50 net.\u00a0 Looks like I can replace them with 590 pound bull calves for the mid $80\u2019s\u00a0 $120.00 gross margin on the trade.\u00a0 My cost to turn bull calves into weaned steers ready to turn out is $75.00\u00a0 leaving $45.00ish for profit.\u00a0<\/p>\n
Forgive me Bud\u2026\u00a0 Projected breakeven of the calves I sold is:\u00a0\u00a0 calf cost $635 at the barn, $20 in freight, implanting and branding.\u00a0 $.45 cost of gain on wheat until March with projected ADG of 2.75 is $150.00 per head.\u00a0 So sell a 900# in march with futures at $96.00 for a 750# with $5 basis, a 4 cent slide and 2% shrink is about $86 at 880ish\u00a0 or $760.00\u00a0 leaving $105.00 head margin.\u00a0 But now we\u2019ve got interest, cowboys feed trucks, trailers, time and labor to pay. So lets project that at oh, say $50.00 and that leaves $55 bucks we hope.\u00a0 But Mach is a terrible time to sell feeders because everyone is pulling off wheat so let\u2019s hold them until the 1st of May and hope for a market rally.\u00a0<\/p>\n
No thanks, I\u2019ll replace them, put $45 in the bank now, and be willing to sell when price and value present themselves again.\u00a0 Could be in a couple of weeks or next March.\u00a0<\/p>\n
Smiling and meaning it . . .<\/p>\n","protected":false},"excerpt":{"rendered":"
Can you feel better about your marketing decisions when neighbors look at you like you lost your mind?\u00a0 For the past two weeks the casual conversation is \u201chow\u2019s the wheat? And have you turned out on any?\u201d\u00a0 When I tell them my wheat is doing super and No, I sold all my calves I had […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,16],"tags":[],"class_list":["post-1040","post","type-post","status-publish","format-standard","hentry","category-marketing","category-testimonials"],"_links":{"self":[{"href":"https:\/\/stockmanship.com\/index.php?rest_route=\/wp\/v2\/posts\/1040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockmanship.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockmanship.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockmanship.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stockmanship.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1040"}],"version-history":[{"count":0,"href":"https:\/\/stockmanship.com\/index.php?rest_route=\/wp\/v2\/posts\/1040\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockmanship.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockmanship.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockmanship.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}