Lemmy’s Thoughts for February:

1.   Cattle markets are really on a role. Enjoy the good times. We are experiencing record prices on calves, yearlings and finished cattle. Is this just a bubble or is it real? I think we are on fairly solid ground at this time. The cattle numbers are positive, the economy is showing some improvement, and agriculture in general is prospering.

2.   Some numbers to ponder; we are expected to consume 57.4 pounds of beef in 2011, this is a decline of 25% from 1980; our beef exports are up 27% from the previous year; Texas has seen a 12% decline in cow numbers due to the drought; we have produced 28% more corn from 2000 till 2009; 70 acres of prime Iowa farm land brought $20,000.00 per acre and was bought by a neighbor farmer;200 head of 618 pound Nebraska replacement heifers @ $1,202.93 / head ; corn belt farmland has increased 34% in the past 12 months.

3.   I would caution you to manage well, devise a risk management plan and use good conservation on your land, your greatest asset.

4.   We will be attending the National Cattleman’s Convention at Opryland in Nashville and looking to learn as much as possible about the thinking of our industry for the future.

We at Hodge Livestock Network will always be working to provide you with the most dependable and financially sound marketing possible for you, our customers.

Sincerely,

Lemmy