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Post by bookcliff on Jun 28, 2014 16:55:28 GMT -6
Thursday I had a bull customer sell his steer calves here at Russell Livestock. they were late January thru early March calves that because of the drought, had been slated for the early wean practice to save on grass. because he had been creeping em since the first of May for this and had already gave them preweaning shots he went ahead and sold even though we have finally been getting rain in this prt of the country.
86 steer calves, 3/4 F1 black baldies, balance solid blacks (baldies were sired by two linbebred King Tens, a double bred Achiever and a 22T outa a linebred King Ten)
the whole group averaged out at 401 lbs and averaged out at $3.46/lb.
hummmmmm....................maybe I outa sell my steers right now to while this market is outa wack. also talked to Grant McKay this AM, and in the conversation he mentioned there was a set of 900 pounders bring $2.03 at Marysville this week.
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Post by Glenn on Jun 28, 2014 17:00:51 GMT -6
Just wow. All I can think is: 'WOW'
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Post by shumakerherefords on Jun 28, 2014 17:15:20 GMT -6
Anybody calculate how high fed cattle price will have to be to make any money on those 2 lots?
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Post by moon on Jun 28, 2014 19:27:59 GMT -6
TK: Take the money on bottom half as this thing may get even wackier so your top half may bring beyond your wildest dreams in late August or early September. Bassett, NE quoted 500-515 weight steers this past week at $3.04 to $3.10, and on Northern Livestock Video a set of all natural yearling steers weighing 850 out of Ten Sleep, WY went out at $2.36. I have not done a precise calculation to answer shumaker, but your customer's steers averaged $1,387.46/head and the Fat Futures in April 2015 are over $1.55 as of Friday so if weighed at liberal average of 1,400lbs that is $2,170. Difference of $782.54, and so not much to play with and not taking in to account any deads.
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Post by Deleted on Jun 29, 2014 5:11:42 GMT -6
SO? Where do we reach the point of economic equilibrium? How is the higher cost of proteins going to affect the eating habits of the population?
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Post by nicky on Jun 29, 2014 9:25:19 GMT -6
And we thought we were so smart selling a month ago....
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Post by Mickelson on Jun 29, 2014 9:38:14 GMT -6
And I'm glad we held onto ours. Just hope lightning doesn't strike. With prices like that I'm gonna have a hard time expanding as heifers might be big $$ this year.
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Post by moon on Jun 29, 2014 17:10:08 GMT -6
SO? Where do we reach the point of economic equilibrium? How is the higher cost of proteins going to affect the eating habits of the population? On June 18, Okla. State Food Demand Survey reported collecting data from 1,000 consumers on their willingness to pay for a variety of food items. According to the report consumers were incline to pay from 11% to 35% more for protein sources and for example steak purchases saw an increase from $6.35 in May to $7.52 in June. However, purchases of food away from home recorded a decrease of 6.5%. NCBA has been sending out propaganda for past few months that consumers have been adjusting their budgets to continue including beef in their at home menu plans, but I have not seen the data to back it up. Like you I am concerned when does the consumer make dietary changes due to increasing costs at the meat counter. However, big demand still in foodservice industry and I see numerous parking lots full at the mid level steak houses.
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Post by hrndherf on Jun 29, 2014 23:13:36 GMT -6
Considering what fuel was priced at when our president took office, the price of pickups and equipment-we are finally getting to where cattle should be priced at.
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Post by Deleted on Jul 9, 2014 9:26:57 GMT -6
Superior Livestock this a.m. weaned steers for Nov. delivery
400# 393.00 485# 309.00 570# 267.00
Heifer mates 410# 332.00
Just how high can this deal go?
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Post by Glenn on Jul 9, 2014 9:52:17 GMT -6
I don't like the math of 400# calves bringing more gross dollars than 570# calves.
I was all excited about selling some heifers the other day, maybe they weren't so high after all......
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Post by Deleted on Jul 9, 2014 13:28:30 GMT -6
790# @ 233.00 = a cool $1,940 for Aug delivery
Hope they have their hands on some free corn.
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Post by elkwc on Jul 9, 2014 16:16:30 GMT -6
There is money being made now but not so sure about the cattle being purchased and placed in the lot now. My BIL recently sold two pens and averaged a profit of $240.00 per hd on the two pens. He isn't replacing them. He did buy 250 hd of 454 pounders at $2.54 per pound. That was about 3 weeks ago.
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Post by strojanherefords on Jul 9, 2014 17:29:36 GMT -6
I suspect there is a great deal of pre tax money being spent on cattle right now. It is hard to compete when the other guy can lose 20% and come out even.
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Post by Deleted on Jul 9, 2014 18:45:58 GMT -6
As long as the the government supplies the EBT Food Stamp Cards all beef will sell. Shut those off and see what happens.
OK.. before the haters scream... I have not one thing against supplying someone a hand up if they need it.
I do think that if the government were to abolished the Food Stamp Program. It would change our market and the way we market.
Does anyone have any positive ideas on where we will fit into the market in ten years?
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Post by strojanherefords on Jul 9, 2014 19:28:57 GMT -6
First off, in my experience EBT is used to buy soda, chips and candy. Everybody would be better off if food stamps were used on only non-manufactured foodstuffs. Steak and Hamburger will not have any problem selling in the foreseeable future. The problem is people are not eating the whole steer, anymore. We need to encourage people to eat all the good bits that go into dog food. Tongue, barbacoa, chorizo, heart, steak and kidney pie, sweetbreads, liver and onions, pepper pot soup, and oxtails are all good things that are not fully utilized.
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Post by Glenn on Jul 9, 2014 19:38:06 GMT -6
There is money being made now but not so sure about the cattle being purchased and placed in the lot now. My BIL recently sold two pens and averaged a profit of $240.00 per hd on the two pens. He isn't replacing them. He did buy 250 hd of 454 pounders at $2.54 per pound. That was about 3 weeks ago. He should just put those on the video and resell them today!!!! Probably could make $50,000. Not bad for a months work......
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Post by Glenn on Jul 9, 2014 19:41:49 GMT -6
First off, in my experience EBT is used to buy soda, chips and candy. Everybody would be better off if food stamps were used on only non-manufactured foodstuffs. Steak and Hamburger will not have any problem selling in the foreseeable future. I agree with this. Especially the hamburger part. I sold a packer cow today (lost her calf this spring). She weighed 1360# and brought $1.15. I can easily foresee packer cows selling for over $1.50 in the not so distant future.
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Post by postoak1 on Jan 25, 2015 18:33:23 GMT -6
First off, in my experience EBT is used to buy soda, chips and candy. Everybody would be better off if food stamps were used on only non-manufactured foodstuffs. Steak and Hamburger will not have any problem selling in the foreseeable future. The problem is people are not eating the whole steer, anymore. We need to encourage people to eat all the good bits that go into dog food. Tongue, barbacoa, chorizo, heart, steak and kidney pie, sweetbreads, liver and onions, pepper pot soup, and oxtails are all good things that are not fully utilized. You are right, we need to fully utilize all cuts possible. I have turned many BBQ pork lovers in BBQ brisket lovers myself . If people just knew how much better a lengua or barbacoa taco made with fresh pico on a white corn tortilla was than a plain hard shell taco with hamburger meat. I wonder how much of what I consider the two best cuts of steak (skirt and sirloin flap) gets ground into hamburger every day.
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Post by whiteface on Jan 25, 2015 21:16:22 GMT -6
Thursday I had a bull customer sell his steer calves here at Russell Livestock. they were late January thru early March calves that because of the drought, had been slated for the early wean practice to save on grass. because he had been creeping em since the first of May for this and had already gave them preweaning shots he went ahead and sold even though we have finally been getting rain in this prt of the country. 86 steer calves, 3/4 F1 black baldies, balance solid blacks (baldies were sired by two linbebred King Tens, a double bred Achiever and a 22T outa a linebred King Ten) the whole group averaged out at 401 lbs and averaged out at $3.46/lb. hummmmmm....................maybe I outa sell my steers right now to while this market is outa wack. also talked to Grant McKay this AM, and in the conversation he mentioned there was a set of 900 pounders bring $2.03 at Marysville this week. I wouldn't doubt that one bit in NC Kansas. Its certainly outta wack. I split my selling into 2 this December because I was short handed on help. First week in December things were still very hot in my area. My BWF steers that averaged a 875 weight sold for $2.10 and I had a hand full that weighed 930 for $1.95. Sold the rest 2 weeks later, things were down the limit for I don't know how many days and those same weight of calves cost me maybe over $100/head. So either I was dumb for waiting or smart for selling half earlier. Now they're crazy again. One thing I was suprised/proud was that they never sorted off my straight herefords from the bwf either time!
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Post by randy on Jan 26, 2015 7:35:12 GMT -6
Thursday I had a bull customer sell his steer calves here at Russell Livestock. they were late January thru early March calves that because of the drought, had been slated for the early wean practice to save on grass. because he had been creeping em since the first of May for this and had already gave them preweaning shots he went ahead and sold even though we have finally been getting rain in this prt of the country. 86 steer calves, 3/4 F1 black baldies, balance solid blacks (baldies were sired by two linbebred King Tens, a double bred Achiever and a 22T outa a linebred King Ten) the whole group averaged out at 401 lbs and averaged out at $3.46/lb. hummmmmm....................maybe I outa sell my steers right now to while this market is outa wack. also talked to Grant McKay this AM, and in the conversation he mentioned there was a set of 900 pounders bring $2.03 at Marysville this week. I wouldn't doubt that one bit in NC Kansas. Its certainly outta wack. I split my selling into 2 this December because I was short handed on help. First week in December things were still very hot in my area. My BWF steers that averaged a 875 weight sold for $2.10 and I had a hand full that weighed 930 for $1.95. Sold the rest 2 weeks later, things were down the limit for I don't know how many days and those same weight of calves cost me maybe over $100/head. So either I was dumb for waiting or smart for selling half earlier. Now they're crazy again. One thing I was suprised/proud was that they never sorted off my straight herefords from the bwf either time! When they sort good Hereford cattle off or ask for $3-5 off them in the lot. It is not because the cattle are bad. It is a method the buyers use to steal from you. I have stood up in the sale barn and said. 'We have sorted the culls off of this lot, buy them as they stand". There is no reason we should ever put up with an auction company or buyers doing this.
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Post by bookcliff on Jan 26, 2015 18:29:38 GMT -6
thats right exactly Randy.
as long as they are the same weight and type.
I will not sell cattle in a barn that won't let the baldies go with the blacks or the baldies with the herefords and even all the calves same sex same wieght no color sort if I tell em thats what I want. only had one barn manager argue with me about it over the years, and when I told him there were 3 other barns within 40 miles that I could sell those 2 potloads of weaned calves at that week, he quickly changed his tune.
I did sort a couple calves off of a draft in the ring one time though back when Andrea &I wer buying quite a few calves to grass on the Horizon Ranch, I used to only buy herfs because after we grassed em til september, we would send them to Maddens to be finished and then onto CHB thru Greater Omaha. anyway, in comes this draft of about a dozen whiteface steers with a couple solid blacks on the draft. you should have seen the look on folks faces and you could have heard a pin drop when I said hold those blacks, I ain't got no use for 'em. and Merv done it with a smile on his face. now Ol' Merv Sexton, the Manhattan barn owner always was and still is at heart a Hereford Man
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Post by Deleted on Jan 26, 2015 19:31:22 GMT -6
We sell our feeder steers with no color sort, only on weight. Herefords, baldies black and red, and a few straight blacks all sell together. We have enough feedlot and carcass data to prove there is no difference under the hide. Years ago, when we said no color sort, we were told there are some order buyers that only want straight black loads. We said no problem, they don't have to bid on our steers, we only need 2 bidders anyhow.
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Post by guffeygal on Jan 28, 2015 6:47:09 GMT -6
The dockage on Hereford cattle in this area (Pratt, Dodge,Woodward) seems to be at calf weights and age and has been that way for a number of years. Once you get the cattle to feeder weight they will sell right with the market. A lot of the buyers will tell you it is a health issue. It makes no sense but Hereford cattle have the reputation of more health problems at calf stage. One theory that may make a little sense is that owners of the straight Hereford calves in the past were some of the last to adopt a pre conditioning program. Like some of the others have said, I have seen instances where the owner said "Do not sort by color" and the cattle sell right with the market.
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Post by postoak1 on Jan 28, 2015 7:58:37 GMT -6
I have seen a price difference between more Hereford marked black baldies and less Hereford marked brockle faced black baldies here. Last year my Hereford marked Beefmaster sired yellow baldies brought right with the blacks that day.
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