Cattle Country: Manitoba Youth Beef Roundup

This Month's Message

Question and Answer with John Gillespie, Ontario feedlot operator and Chairman of the Beef Information Centre:

So where do we go from here?

“We are a textbook case of a mature industry. Profitability will work its way down to the flatline where there is nothing left. Then generally it will break through that line and supplies will decrease and prices will spike. I think we’re getting close to that point now. Right now the cow-calf industry needs a signal to expand and the only way is for them to get more money.

I don’t think it will happen this year, maybe next but it depends on grain prices, the cash croppers are going to fill the bin this year, by next year we could have a surplus of grain and there will be lots of feed, calf prices will shoot up and the cow-calf guy will start to expand again.

Right now they are not getting the price signal. There is a definite feeling of pessimism in the cow-calf industry right across the country. It’s getting a little too tight, money-wise but it will turnaround.”

How do we know when we are at the bottom of the market?

“Well, you know the feeling at the top - there’s elation, enthusiasm, everything is great. At the bottom of the market you feel really beat up. You have to identify what the bottom of the market is, what it feels like.

It feels like right now.

“Convince yourself this is an opportunity. Now you can buy low. Anybody can quit at the bottom of the market, it is like quitting when you feel tired instead of quitting when the job is done.

Keep yourself going. The guys who get through this are going to be rewarded.”

Showing posts with label Manitoba Youth Beef Roundup. Show all posts

Tuesday, September 2, 2008

Manitoba Youth Beef Round-up 2008

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Manitoba Forage Assistance Application Forms

MCPA Environmental Goods & Services Proposal

MCPA President Joe Bouchard on CJOB

"Al Gore Should Love Cows" by Brian Sterling

Shane Sadorski MCPA's Environmental Goods & Services Proposal

Bob Sopuck at the MCPA Annual General Meeting

NEW FREE DOWNLOADABLE Software for Cow-Calf Operators

Martin Unrau and Ray Armbruster on CKLQ

VIDEO: Angie Fox on flooded hayland near Eddystone

Arne Lindell, Director Joe Bouchard "Throwing rock to drowning man," CTV TV Sept. 6/08

Or watch CTV News

Director Art Jonasson discusses flooding on CBC Radio

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Tuesday, September 2, 2008

Manitoba Youth Beef Round-up 2008