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| Yeh things are depressing no question about it. The cattle business is like any other has its cycles. My Dad who was a long time cattle feeder. Fed cattle 50 years went through just about everything in those years. Fed cattle in the drouth years off the fifties. One story he was telling me bought these cattle an when the time was to sell them the market was bad so kept feeding them all summer. Well they got overdone an so Omaha didnt want them so off they went to Chicago. When the smoke cleared Dad got his bank note paid off. The feed for the cattle an the cattle themselves. Remember this was the fifties so all the corn was bought. Had the hay. Ended up if he had done nothing it would have been the same. Buit through all this my Dad an Grandad kept going ahead an buying more cattle. Things turned around though an during the sixties the cattle business wasnt bad. Pretty good. Then the seventies another train wreck corn went up t$3.50 an then fat cattle plunged like there doing now. Dad had bought some calves in 1974. Fed them suckers out an just got the first cost back. Had the corn though. Irrigation made sure off that.. Hogs werent to bad then made up for the bad cattle prices. My Dad was a die hard cattleman. Been through just about everything including terrible winters an hot summers. But he never gave up despite the setbacks. Cycles yup were in a downturn now but its been good for quite awhile too. | |
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Better off doing nothing than even trying
