RE:RE:RE:RE:RE:RE:RE:Taseko Reports Strong Fourth QuarterWell jc. When things are short, price goes high. Two years ago, I told my neighbor ranchers that they would be getting 200.00 cad for there weaned calves. They chuckled. Well, they were correct. With the drought, throughout north america cattle country, ranchers were selling all replacement hiefers and older cows. So feedlots had plenty of supply. Once that worked its way through the retail, there were not enough cattle to fill feedlots. One nieghbor just told me, the buyer showed up as usual to inspect and discount calves for this reason or that as per usual. My nieghbor would just cut those ones out and grass them for the summer.
Last fall, the buyer had a quick look at the 300 calves and said, 2400.00 cad. for anything weaned. That is up 100% in 3 years. Land values have done better.
Cattle and land are expected to keep climbing. I see no reason for copper not doing the same.
Time will tell:))
nf