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Post by Deleted on Jul 11, 2014 10:20:49 GMT -6
Per Kadee Coffman Superior Livestock...
First lot out TODAY @superiorauction $422.00 weaned str calves base wt: #350 Saratoga,WY #WOW @droversctn @cmegroup #NeverBeenSeen
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Post by Glenn on Jul 11, 2014 10:34:33 GMT -6
My question has always been who sells 350# calves???
The price is incredible
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Post by Deleted on Jul 11, 2014 10:50:04 GMT -6
Probably out of feed short wean calves off the dry range. That is my guess.
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Post by Deleted on Jul 11, 2014 15:16:02 GMT -6
Those calves are November delivery. Their heifer mates @ 350# brought $4.00 even.
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Post by Glenn on Jul 11, 2014 15:25:47 GMT -6
So can you sell something you don't have yet?
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Post by Deleted on Jul 11, 2014 15:42:21 GMT -6
Calves are on the cow right now. Delivered to buyer Nov 4-7. Vac 45 program suggests mid-Sept weaning.
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Post by Glenn on Jul 11, 2014 16:36:07 GMT -6
I guess they are laughing all the way to the bank.
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Post by Glenn on Jul 11, 2014 16:52:40 GMT -6
Are the buyers just gambling? When will they finish? Next Sept? Not even trading a futures contract that far out. So can't legitimately hedge and even if you could my crude "mind math" is saying about $1.75 fed price to breakeven. June 2015 contract is $1.44.......
I'd rather be the seller on that deal than the buyer..........
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Post by dougthorson on Jul 11, 2014 18:00:24 GMT -6
$1.75 fats would give you $.925 per pound of gain return on 1000 pound gain. If cost of gain is $.55 you break even at $1.50 for fats.
That is assuming my math is right which might be a stretch.
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Post by Deleted on Jul 11, 2014 18:21:46 GMT -6
I wish I would have been watching the video... That would answer many of my questions...
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Post by Deleted on Jul 11, 2014 19:31:51 GMT -6
Recorded it all week and caught today's first few lots at lunch. TA Ranch started the sale with a string of 1600 head.
weaned steers
150 @ 350# $4.22
450 @ 425# $3.83
200 @ 475# $3.36
weaned heifers
140 @ 350 $4.00
470 @ 410 $3.33
200 @ 465 $2.94
This week's sale just got more crazy with each day. Hold on to your hat, there are two more big superior auctions in the coming weeks.
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Post by Glenn on Jul 11, 2014 19:39:52 GMT -6
350 at 4.22 is $1477 at 5% interest for 10 months is $62 per head in interest (on cattle)+ How much for shipping?
At 80 cents per pound of gain (inclusive of veterinary) is $800
Death Loss $30
$1477+62+800+30 is $2369 divided by 1350# is $1.75
This includes no shrink or shipping cost or interest on feed which will add to it.
My big assumption is you can feed them for 80 cents a pound.
In April, 2014 the University of Nebraska was estimating this at 92 to 96 cents a pound. I know it has come down some but I truly doubt that 55 cents is feasible.
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Post by dougthorson on Jul 12, 2014 8:40:51 GMT -6
The first problem with my math is I got to the end of the thread and then decided to figure so when I went up I saw the heifer number and used that!
I did figure $22 shipping.
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Post by bookcliff on Jul 12, 2014 14:10:51 GMT -6
I don't know about you guys but other than interest not heading to 14%, my gut feeling reminds me alot of the late 70's right before eveything when to hell.
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Post by Deleted on Jul 31, 2014 15:53:56 GMT -6
Today on Superior
weaned steers for fall delivery
122 head 390# @ 411.00
443 head 425# @ 403.00
106 head 450# @ 361.00
142 head 675# @ 278.00
140 head 700# @ 250.00
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Post by Sudsy on Aug 1, 2014 4:01:03 GMT -6
Today on Superior weaned steers for fall delivery 122 head 390# @ 411.00 443 head 425# @ 403.00 106 head 450# @ 361.00 142 head 675# @ 278.00 140 head 700# @ 250.00 |
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Post by Sudsy on Aug 1, 2014 4:32:49 GMT -6
Today on Superior weaned steers for fall delivery 122 head 390# @ 411.00 443 head 425# @ 403.00 106 head 450# @ 361.00 142 head 675# @ 278.00 140 head 700# @ 250.00 |
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Post by Sudsy on Aug 1, 2014 4:41:52 GMT -6
Okay, allow me to try this again.
Rancher 1868, if I am reading this correctly, your quotation reads - 140 head - 700 lbs at 250c/lb, which equates to $1750 head.
This coming Monday, I have booked in 30 weaner steers, 9 mths old, 330 kg average and have been told to expect around 190c/kg (86 - 87c/lb), which equates to $627 head. Thus if I have read your post correctly, your prices amaze me.
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Post by Glenn on Aug 1, 2014 7:39:49 GMT -6
The cattle market has absolutely went ballistic the last year here in the states. We are seeing prices that I am sure some folks never even dreamed were imaginable.
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Post by elkwc on Aug 1, 2014 8:59:08 GMT -6
Sudsy jsut to give you another example of the current market. In Feb I watched some nice 4-5 yo Angus cows with 1-2 wk old calves bring $2250.00. Today they would likely bring 3250.00 or more. This last Tuesday my fiancee sold a 1/2 Angus 1/2 Limo 17 month old heifer with a month old black bull calf for $2,200 at a local auction. She weighed close to 950 lbs. She was in what I would call low moderate condition. Had nice muscling and udder. But like many of the exotics I've handled when handling one on one she would go nuts. Ok with a group. Her son felt she needed to be sold. She would of brought more if we had turned her back out on the good grass for a month. But I'm 4 hours away much of the time and so didn't want to keep her and then have any issues. I felt she sold good for her condition and age. She was one of ten heifters that got bred on the cows before they got weaned last fall. Many breeders in that area had the same issues. They feel that the August/Sept rains that made lots of grass contributed to it and then many instead of weaning in Oct left the calve on the cows till early to mid November trying to get some more growth. Most of the heifers bred in the 5-7 month range. We ran them on wheat all winter so they grew well. So have at least decent size. She should make a good cow. If I was going to be down there everyday we propably would of kept her. But right now it is amazing what they are bringing. She has 17 hd of yearlings weighing 7-8 hundred now. We are going to keep them till Sept. The grass is good and they will never get ahead of it. Hard to make a bad decision in the cattle business here now.
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Post by Deleted on Aug 1, 2014 10:05:56 GMT -6
What prices have you guys been seeing for slaughter bulls?
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Post by fivestarherefords on Aug 1, 2014 10:13:09 GMT -6
What prices have you guys been seeing for slaughter bulls? Got 1.38 out of a 2300 pound bull last month. Taking 3 bulls tomorrow. |
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Post by Deleted on Aug 1, 2014 10:31:31 GMT -6
on tuesday watched yrl bb open hfrs 1040 wt bring 180 and change. ton plus bulls bringing 140. some plain green angus hfrs to fall calf bring 2500. odds and end late pairs 2100 to 2600. crazy to me a guy can haul 50K in a 24 foot gooseneck.
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Post by Deleted on Aug 1, 2014 10:32:32 GMT -6
What prices have you guys been seeing for slaughter bulls? Got 1.38 out of a 2300 pound bull last month. Taking 3 bulls tomorrow. Perfect example for my next comment. Think there are some fellers out there still not in touch with the markets right now. Had a guy contact us that couldn't decide on a yearling bull earlier this year and came back asking if we still had any for sale which we've since sold out. Told him we'd sell our 4 year old herd sire who we will have too many daughters out of after next year's calf crop but the guy wasn't willing to go over $3000 for him. Told him we could get that for him at slaughter price right now and would rather send him to slaughter than keep him active at that price. Not an unreasonable thing to ask for over slaughter price on a proven registered purebred that we've sold several bulls and heifers he's sired and has proven to be a light birth weight bull so there is some added value there right?
Curious what everyone's thoughts are on pricing mature bulls that still have some good years left in them.
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Post by Deleted on Aug 1, 2014 10:39:33 GMT -6
Got 1.38 out of a 2300 pound bull last month. Taking 3 bulls tomorrow. Perfect example for my next comment. Think there are some fellers out there still not in touch with the markets right now. Had a guy contact us that couldn't decide on a yearling bull earlier this year and came back asking if we still had any for sale which we've since sold out. Told him we'd sell our 4 year old herd sire who we will have too many daughters out of after next year's calf crop but the guy wasn't willing to go over $3000 for him. Told him we could get that for him at slaughter price right now and would rather send him to slaughter than keep him active at that price. Not an unreasonable thing to ask for over slaughter price on a proven registered purebred that we've sold several bulls and heifers he's sired and has proven to be a light birth weight bull so there is some added value there right?
Curious what everyone's thoughts are on pricing mature bulls that still have some good years left in them.
never can have too many by a good one imo. |
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