This year is relatively unique for wheat calves. Very little wheat is available on the Southern Plains. Even where irrigated wheat has come up, the current value of wheat sent many winter stocker calves through the sale barn relatively early this year.

Sunk cost fallacy: A tendency for people to irrationally follow through on an activity that is not meeting their expectations because of the time and/or money already invested.

The short-term feeding of grain-based diets to cull cows can represent an opportunity for both cow-calf producers and finishing operations.

The U.S. marketing year average corn price for 2019-20 is projected to be $3.60 per bushel. In contrast, the forecast for the 2000-21 marketing year is only $3.20 per bushel. This large decline in corn prices leads to several questions: Why have corn prices declined so sharply? What factors could keep corn prices at their current levels? And, what is the impact of lower corn prices on feed costs?

The 2018 production year came and went about as fast as a three-legged cat can cover up poop. Knowing and understanding the passing of time appears to accelerate as a person grows older and hopefully wiser, one also must understand time appears to pass much quicker during periods of prosperity than during periods of hardship.