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Gambling on beef prices
Old 03-02-2024, 07:11 PM   #1
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Gambling on beef prices

What would be a good investment if one wanted to bet on beef prices going up?
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Old 03-02-2024, 07:17 PM   #2
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Like buying stock in Tyson Foods or Cargill?
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Old 03-02-2024, 07:19 PM   #3
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A cow?

More seriously, the four major beef producers are Tyson, Cargill, National Beef and JBS.
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Old 03-02-2024, 07:19 PM   #4
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Like buying stock in Tyson Foods or Cargill?

No, I'm thinking of something directly related to beef prices..
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Old 03-02-2024, 07:20 PM   #5
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So, betting that the wildfires in Texas are going to cripple beef production for quite some time?
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Old 03-02-2024, 07:22 PM   #6
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Live Cattle Futures LC.1

https://www.cnbc.com/quotes/@LC.1
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Old 03-02-2024, 07:28 PM   #7
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This seems kind of like gasoline. I knew gasoline was going to go up in price from the $3 low and sure enough it has, but I didn't really know any way to profit off of that. You really can't store enough for long enough to profit off of it.
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Old 03-02-2024, 07:32 PM   #8
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What would be a good investment if one wanted to bet on beef prices going up?

Sounds more like gambling than investment to me.
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Old 03-02-2024, 07:46 PM   #9
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My thought is that the fires would cause prices to go down. I suspect they’ve lost pasture/feed area and they’ll have to dump the herd on the market because they can’t feed them. I guess that’s the nature of the market. One person thinks it going up and the other thinks the price is going down. Only one gets to win.
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Old 03-02-2024, 07:53 PM   #10
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I had a rancher sell calves this last week and got average $3.10 a pound for steer and $3.05 a pound for heifers. Some lighter weights went for 4$ a pound. An 800 pound steer selling for $2480.00. A guy wonders why meat in the store is so high.

Sorry no help with question but prices are sky high for cattle.
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Old 03-02-2024, 07:54 PM   #11
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Are you talking feeder calves, fat cattle, stock cows Are you talking on the board of trade for this week, next month or the fall of 2025?

Some questions for you. What is the price of cattle today ? What was it last year ? Cow much is feed prices ? How many cattle are on feed ?

I raised cattle, raising them was easy compared to marketing them.

I read somewhere that 90% of the people that "invest" in commodities lose.

Every me I thought I was right, I wasn't. Good luck to you.
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Old 03-02-2024, 07:58 PM   #12
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I had a rancher sell calves this last week and got average $3.10 a pound for steer and $3.05 a pound for heifers. Some lighter weights went for 4$ a pound. An 800 pound steer selling for $2480.00. A guy wonders why meat in the store is so high.

Sorry no help with question but prices are sky high for cattle.
Wow! As usual it looks like I'm a little late...
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Old 03-02-2024, 08:03 PM   #13
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Those free range cattle around here are more valuable than I guessed.
Not cheap to transport, or process into burgers and steaks either.

Think I'll keep buying my meat at the local grocery.
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Old 03-02-2024, 08:11 PM   #14
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Wow! As usual it looks like I'm a little late...
That is on the hoof. The real expenses are yet to come in slaughtering, shipping, marketing etc...

Crazy prices. That ranch sold over 300 calves in the range from 650 to 800 lbs. Nice pay day of ~half million bucks after stock yard expenses taken out!!
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Old 03-02-2024, 08:39 PM   #15
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Originally Posted by Stormy Kromer View Post
Are you talking feeder calves, fat cattle, stock cows Are you talking on the board of trade for this week, next month or the fall of 2025?

Some questions for you. What is the price of cattle today ? What was it last year ? Cow much is feed prices ? How many cattle are on feed ?

I raised cattle, raising them was easy compared to marketing them.

I read somewhere that 90% of the people that "invest" in commodities lose.

Every me I thought I was right, I wasn't. Good luck to you.
Come on stormy don't be so negative.....but the answer to the original question is ,there isn't
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Old 03-02-2024, 09:10 PM   #16
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What would be a good investment if one wanted to bet on beef prices going up?
And here I thought you were talking about getting a freezer.
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Old 03-03-2024, 04:19 PM   #17
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Come on stormy don't be so negative.....but the answer to the original question is ,there isn't
Sorry, I lost money raising cattle, I was trying to help a friend from betting on commodities.
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Old 03-03-2024, 04:44 PM   #18
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Sorry, I lost money raising cattle, I was trying to help a friend from betting on commodities.
I too lost money raising cattle..Made money raising St. Croix hair sheep.. From what I've learned about commodities I think that is good advice...Thanks
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Old 03-03-2024, 05:47 PM   #19
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I too lost money raising cattle..Made money raising St. Croix hair sheep.. From what I've learned about commodities I think that is good advice...Thanks
There is a lot of expenses to cattle ranching. If you have all the hay ground and pastureland and don't have to buy or rent and do everything yourself, it makes it a lot easier.

No buying new fix and work on all equipment etc. helps the bottom line.
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Old 03-03-2024, 06:01 PM   #20
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What would be a good investment if one wanted to bet on beef prices going up?
Yes, the wife did..... Got several T-bones and Sirloins for $2 a lb.
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