ttha_aggie_09 said:
We're getting close to where deer meat is actually cheaper than store bought beef. Only another $200/lb to go
moo said:
How do I read the sheet? Will be openly dumb and ask how to interpret.
96ags said:
We are keeping heifers. Price aside, we have to at least replace old cows.
They are high, but buying pairs or bred heifers/cows is way more expensive.
moo said:
How do I read the sheet? Will be openly dumb and ask how to interpret.
agfan2013 said:
Looking at the front month Feeder contract, January '26 now, futures are off their October highs by a decent amount, but have recovered nicely from where they bottomed out at in late November. I always think its interesting to see the difference in the local cash markets vs the futures contract to see how your area is doing.
Lot of industry folks havent seen very many signs of herd rebuilding and I've read some forecasts that think this will persist into 2027. May not set new highs, but should still see elevated cattle prices for quite awhile.
96ags said:agfan2013 said:
Looking at the front month Feeder contract, January '26 now, futures are off their October highs by a decent amount, but have recovered nicely from where they bottomed out at in late November. I always think its interesting to see the difference in the local cash markets vs the futures contract to see how your area is doing.
Lot of industry folks havent seen very many signs of herd rebuilding and I've read some forecasts that think this will persist into 2027. May not set new highs, but should still see elevated cattle prices for quite awhile.
I agree with the bolded statement. Drought has continued to damper any rebuilding efforts on larger scales.
The other factor that a lot of folks don't take into consideration is the impact in Texas from the Wildlife tax valuation. It has taken thousands of acres out of livestock (mainly cattle) production and that land will most likely never go back. Couple that with an aging producer, and it seems there may be significant head winds to ever getting those numbers back.
txags92 said:96ags said:agfan2013 said:
Looking at the front month Feeder contract, January '26 now, futures are off their October highs by a decent amount, but have recovered nicely from where they bottomed out at in late November. I always think its interesting to see the difference in the local cash markets vs the futures contract to see how your area is doing.
Lot of industry folks havent seen very many signs of herd rebuilding and I've read some forecasts that think this will persist into 2027. May not set new highs, but should still see elevated cattle prices for quite awhile.
I agree with the bolded statement. Drought has continued to damper any rebuilding efforts on larger scales.
The other factor that a lot of folks don't take into consideration is the impact in Texas from the Wildlife tax valuation. It has taken thousands of acres out of livestock (mainly cattle) production and that land will most likely never go back. Couple that with an aging producer, and it seems there may be significant head winds to ever getting those numbers back.
I don't think that is an accurate statement. What the wildlife valuation has mostly done is take very valuable properties where the landowner no longer wanted to do agricultural use (mostly due to age/infirmity or inheritance) and allow them to keep from having to sell the property (likely for development) due to the taxes. If people were forced to sell those properties instead, nobody was buying them for Ag use. Nobody who is working cattle for their livelihood was going to pay $2 million dollars for a 50 acre property to run cattle on it (recent example from the property next door to my FIL near Bergheim).
txags92 said:96ags said:
The other factor that a lot of folks don't take into consideration is the impact in Texas from the Wildlife tax valuation. It has taken thousands of acres out of livestock (mainly cattle) production and that land will most likely never go back. Couple that with an aging producer, and it seems there may be significant head winds to ever getting those numbers back.
I don't think that is an accurate statement. What the wildlife valuation has mostly done is take very valuable properties where the landowner no longer wanted to do agricultural use (mostly due to age/infirmity or inheritance) and allow them to keep from having to sell the property (likely for development) due to the taxes. If people were forced to sell those properties instead, nobody was buying them for Ag use. Nobody who is working cattle for their livelihood was going to pay $2 million dollars for a 50 acre property to run cattle on it (recent example from the property next door to my FIL near Bergheim).
txags92 said:96ags said:agfan2013 said:
Looking at the front month Feeder contract, January '26 now, futures are off their October highs by a decent amount, but have recovered nicely from where they bottomed out at in late November. I always think its interesting to see the difference in the local cash markets vs the futures contract to see how your area is doing.
Lot of industry folks havent seen very many signs of herd rebuilding and I've read some forecasts that think this will persist into 2027. May not set new highs, but should still see elevated cattle prices for quite awhile.
I agree with the bolded statement. Drought has continued to damper any rebuilding efforts on larger scales.
The other factor that a lot of folks don't take into consideration is the impact in Texas from the Wildlife tax valuation. It has taken thousands of acres out of livestock (mainly cattle) production and that land will most likely never go back. Couple that with an aging producer, and it seems there may be significant head winds to ever getting those numbers back.
I don't think that is an accurate statement. What the wildlife valuation has mostly done is take very valuable properties where the landowner no longer wanted to do agricultural use (mostly due to age/infirmity or inheritance) and allow them to keep from having to sell the property (likely for development) due to the taxes. If people were forced to sell those properties instead, nobody was buying them for Ag use. Nobody who is working cattle for their livelihood was going to pay $2 million dollars for a 50 acre property to run cattle on it (recent example from the property next door to my FIL near Bergheim).
Spore Ag said:
Anyone holding on to a few heifers to rebuild the herd?
