What BRdoc says should be true... If we get some significant rain in the drought stricken areas of Oklahoma and Texas (and maybe some other places). If not, I (and the cattle buyers I deal with every week) believe the liquidation will continue. There's going to have to be enough moisture soon enough to get some grass growing this fall, and to get some wheat pasture - if that happens, cows will keep getting higher. Granted, alot of us have seen some moisture in the past couple weeks, but even the areas that picked up a couple of inches will need more rain in the next thirty days or we'll be right back where we were three weeks ago. Of course, even if liquidation continues, I think prices will at least stay fairly steady, because there may not be that many cows left to liquidate... I'm sure the farther you are from this area, the less it will affect your market, but we send at least one load of packer cows a week to Nebraska from our little sale barn in western OK, so it's bound to have pretty far reaching effects.
