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Post by Glenn on Oct 14, 2014 13:37:02 GMT -6
A couple I know about (unofficial stats)
Powell (today) averaged over $8000
IMR (yesterday) averaged $6053
Dudley averaged $7157 with a high of only $11,000 on 138 lots
Maybe I need to start asking more for my bulls.............I got sons of the LEGENDARY 847U bull.......I hear his sons are worth a stone cold mint up north...........
Happy for the breeders......still a little fuzzy on the math on the buyer's end though......
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Post by circleh on Oct 14, 2014 21:01:35 GMT -6
A couple I know about (unofficial stats) Powell (today) averaged over $8000 IMR (yesterday) averaged $6053 Dudley averaged $7157 with a high of only $11,000 on 138 lots Maybe I need to start asking more for my bulls.............I got sons of the LEGENDARY 847U bull.......I hear his sons are worth a stone cold mint up north........... Happy for the breeders......still a little fuzzy on the math on the buyer's end though...... Debter sale is coming up here in the south. Bet interesting to see the average. |
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Post by Deleted on Oct 14, 2014 21:57:50 GMT -6
Dudley's sold 138 bulls, and I believe only 2 of them sold for less than $5000, and less than 10 sold below $6000.
There was a lengthy discussion on this board regarding range bulls. These recent production sales will give you Texas fellas (and the rest of us) something to chew on when it comes to pricing bulls. If you are concerned about the math, it can be figured alot of different ways. Here is one of many: that Hereford bull is going to sire 120-150 calves over a 5 yr period, so how much are each of those calves worth? If 150 calves are worth an extra $50 a head, that is $7500. In today's market, it only takes a few pounds to get to $50.
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Post by midwesterner on Oct 15, 2014 9:06:14 GMT -6
A couple I know about (unofficial stats) Powell (today) averaged over $8000 IMR (yesterday) averaged $6053 Dudley averaged $7157 with a high of only $11,000 on 138 lots Maybe I need to start asking more for my bulls.............I got sons of the LEGENDARY 847U bull.......I hear his sons are worth a stone cold mint up north........... Happy for the breeders......still a little fuzzy on the math on the buyer's end though...... |
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Post by midwesterner on Oct 15, 2014 9:12:21 GMT -6
A couple I know about (unofficial stats) Powell (today) averaged over $8000 IMR (yesterday) averaged $6053 Dudley averaged $7157 with a high of only $11,000 on 138 lots Maybe I need to start asking more for my bulls.............I got sons of the LEGENDARY 847U bull.......I hear his sons are worth a stone cold mint up north........... Happy for the breeders......still a little fuzzy on the math on the buyer's end though...... With cow/calf producers selling feeders for $1500/head, 5 calves pay for a new herd bull. That's pretty reasonable no matter what numbers you use. Then throw in salvage values of well over $1/pound and it makes even more sense to upgrade bulls. |
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Post by bookcliff on Oct 16, 2014 14:00:51 GMT -6
With cow/calf producers selling feeders for $1500/head, 5 calves pay for a new herd bull. That's pretty reasonable no matter what numbers you use. Then throw in salvage values of well over $1/pound and it makes even more sense to upgrade bulls. I guess I hear and read all this talk about guys ought to be upgrading their bull bull battery and all I can think of is I don't trade pickups just because some salesman or ad tells me I ought to because theres a rebate, I trade em when I actually need to. personally I think a feller ought to be paying down debt right now with the windfall this calfmarket has given us. I guess I still too vividly remember the late 70's and the resulting early 80's. |
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Post by circleh on Oct 16, 2014 20:18:05 GMT -6
With cow/calf producers selling feeders for $1500/head, 5 calves pay for a new herd bull. That's pretty reasonable no matter what numbers you use. Then throw in salvage values of well over $1/pound and it makes even more sense to upgrade bulls. I guess I hear and read all this talk about guys ought to be upgrading their bull bull battery and all I can think of is I don't trade pickups just because some salesman or ad tells me I ought to because theres a rebate, I trade em when I actually need to. personally I think a feller ought to be paying down debt right now with the windfall this calfmarket has given us. I guess I still too vividly remember the late 70's and the resulting early 80's. I agree Bookcliff, I had a couple heifers I wanted to keep. I ended up selling them to a guy who really liked them. I figure sale while market is hot and pay bills. Keep em when market is low. |
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Post by btlrupert on Oct 17, 2014 5:21:57 GMT -6
With input cost as they are, I know some folks here in the South will not know what to do ... They were not around with those 1970's prices. The older gentlemen who helped me get started in the seventies showed me receipts where he bought mature cows for $ 85 to $125 per head. Right after the Nixon price freeze was lifted... Lord help us if that were to happen even adjusted for inflation. If you have debt , better pay her off. Old saying of what goes up must come down is still true!
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Post by bookcliff on Oct 17, 2014 11:44:50 GMT -6
With input cost as they are, I know some folks here in the South will not know what to do ... They were not around with those 1970's prices. The older gentlemen who helped me get started in the seventies showed me receipts where he bought mature cows for $ 85 to $125 per head. Right after the Nixon price freeze was lifted... Lord help us if that were to happen even adjusted for inflation. If you have debt , better pay her off. Old saying of what goes up must come down is still true! the Nixon price freeze.............damn I'm getting old. my dad used to say when he got in he bought Truman cows and then had the misfortune of selling Eisenhower calves. |
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Post by midwesterner on Oct 17, 2014 13:21:10 GMT -6
With cow/calf producers selling feeders for $1500/head, 5 calves pay for a new herd bull. That's pretty reasonable no matter what numbers you use. Then throw in salvage values of well over $1/pound and it makes even more sense to upgrade bulls. I guess I hear and read all this talk about guys ought to be upgrading their bull bull battery and all I can think of is I don't trade pickups just because some salesman or ad tells me I ought to because theres a rebate, I trade em when I actually need to. personally I think a feller ought to be paying down debt right now with the windfall this calfmarket has given us. I guess I still too vividly remember the late 70's and the resulting early 80's. I never suggested that anyone spend money unnecessarily, just that bulls were not overpriced at the figures mentioned, given current cattle prices. My point is, that if u need to replace herd bulls now is not a bad time to improve your genetics. And far as future income production goes, I'm pretty sure buying new bulls or a new pickup are not on the same level. Let's hope the bulls make you more money. |
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Post by elkwc on Oct 17, 2014 15:07:52 GMT -6
I guess I hear and read all this talk about guys ought to be upgrading their bull bull battery and all I can think of is I don't trade pickups just because some salesman or ad tells me I ought to because theres a rebate, I trade em when I actually need to. personally I think a feller ought to be paying down debt right now with the windfall this calfmarket has given us. I guess I still too vividly remember the late 70's and the resulting early 80's. I never suggested that anyone spend money unnecessarily, just that bulls were not overpriced at the figures mentioned, given current cattle prices. My point is, that if u need to replace herd bulls now is not a bad time to improve your genetics. And far as future income production goes, I'm pretty sure buying new bulls or a new pickup are not on the same level. Let's hope the bulls make you more money. From my search and what I'm seeing in the prices I've heard and been quoted it would take at least $7500 to hold the current quality or possibly improve the genetics of the herd I'm involved with if going with a polled bull. Anything else and it would be trading down. In the horned and Angus world I feel that $5000 would buy a bull of equal quality. Although I'll keep looking it is becoming more clear to me that now may not be the time to buy a polled bul economic wise. Just because a breeder buys a new bull and might give 7500-10,000 for him doesn't mean he is going to improve his genetics. I've seen many times where it didn't happen. And with the out of control spending going on now it is more likely to happen. Another reason that the current bulls are likely to be used another year if they all test ok. Without the pu the bull will be of little value. I consider that needed reliable equipment makes money just like a good bull does. I've seen what unreliable equipment can cost. I'm not sure where the 5 or 6 calves rule came from. I feel it is outdated at todays prices. Four calves might be a better gauge in todays world at least in my opinion. |
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Post by elkwc on Oct 20, 2014 19:55:18 GMT -6
Looks like Langfords-Copeland had a great sale.. I'm just glad I'm not the one who has to pay for those high priced cattle. But can't blame the sellers.
Hereford popularity was evident at Langford-Copeland's "The Event" Sale. One bull sold for $76,250. Twenty-six open show prospects averaged $11,577 while 6 open heifers averaged $6,100. Seven bred heifers averaged $8,357 and 6 spring-calving pairs averaged $21,667. The flush sold for $9,000 while 20 embryos averaged $828 and 14 semen units averaged $652
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