Short post this week. I’ve been busy getting stuff ready for the Georgia National Fair. Our 4-H kids will be showing their livestock projects in Perry over the next two weeks. If you go to the fair swing by the beef, sheep, goat or swine barns and look for us. The kids love to show their animals off.
Peanuts: We have been able to continue moving peanuts if water is available. Some have pushed into the 150-day range. We are still taking maturity samples but only at the office now. It has slowed down enough for us to justify moving back.
Cotton: I’m seeing more and more cotton harvested. If you have late cotton do not quit on whiteflies. I’ve seen some sooty cotton and we sure don’t want that to affect us. We especially don’t want it to happen during the last leg of the race after we have been fighting all season.
Cattle: Feeders posted gains yesterday, pushing them back up to July highs. Hopefully, this is a good sign because the feedlot margin was -$208/hd last week. When the feedlots are losing money they want cheaper calves. If they can get their margin corrected then we could see higher calves later this fall. Again this depends on several other factors but the CME ticking upward is nice to see. Japan is back in the market and Europe should be soon. This will also affect cattle prices but it’ll be for the good.