Cattle Market Remains Strong
The current cattle market is experiencing a remarkable trend, with two groups of cattle weighing 838 pounds and 902 pounds selling for nearly the same price per head, at just under $3,100 per head.
A recent sale of good steers, which were a black, red, and Charolais cross, demonstrated the strength of the market. These steers were purchased a year ago, dry wintered, and then put on short wheat and grass all summer.
What a great cattle market we have now.
This unusual market trend highlights the unpredictability of the cattle business, where outside factors can change everything. It is a reminder not to rely solely on numbers, charts, or previous years' trends.
A notable example of market unpredictability is the story of a friend who, 40 years ago, invested heavily in pork bellies, only to nearly lose everything due to unforeseen market changes.
Author's summary: Cattle market shows unusual strength.