![]() Market report information for private salesĮven if you are doing private sales of beef animals, it is always a good idea to know the local prices to make sure you are charging enough for your animals. How Livestock Auctions Work will give you the scoop on selling through an auction barn.Įach auction seems to have a type of cattle that sell better there, so it only makes sense to match what you have to the place where you think it will bring the most money. In our area, Ohio, we have multiple auctions to choose from that have weekly sales. It can also be used to consider trends in prices regarding the season or what weight to reach with your calves before you sell them.įeeding Your Beef Cattle will help you figure up the hay you’ll need to have on hand to feed your herd for the winter. No need to worry! Once you understand the way it’s written, it makes sense and provides you with quite a bit of information.Ī market report categorizes cattle by weight, condition and/or purpose and lists the prices that the cattle in each category sold for at the last auction.Ī market report is a useful tool to help you determine what you can expect to get from your cattle when you sell them.īuying Your Beef Herd will go over the things you need to keep in mind when purchasing your cattle, including what you can expect to spend. That will make it difficult to increase any profits a rancher already has in his calves or feeder cattle.At first glance, a cattle market report is a confusing jumble of numbers! “The total costs for feeding a steer is going to be 15% to 20% higher this year, which means the breakeven will be that much higher. “The cost of feeder cattle is the primary diver of breakeven prices for feedlots and represent 60% to 70% of the cost to the feedlot,” Nalivka says. That’s roughly $150 per head more than those same feeder steers sold for in October 2021. Sterling projects 750 to 800-pound feeder steers will sell in October for $171 per cwt., or $1,325 per head. The greatest risk to retained ownership, however, is the price of feeder cattle. For cattle placed on feed in October, Sterling projects the total feed cost at roughly $540 per head with the cattle marketed in March of 2023. Sterling Marketing estimates that feed costs for cattle placed the first week of July were 28% higher than the previous year and totaled $570 per head. But the cost of feeding cattle is significantly higher.” “Yes, fed cattle prices are higher and they look to gain even more in the months ahead. “The risk/reward is not in a rancher’s favor for retaining ownership this year,” says Sterling Marketing president John Nalivka. This is unlikely to be one of those years. Often, retaining ownership of your calves through a background phase or through the finishing phase offers the potential for additional revenue. Late summer offers an opportunity to review your calf marketing plan and make necessary adjustments. Taking the smallest and largest percentage changes over the previous four cycles yields a range of $129.14 to $181.95 for fed steers and $188.72 to $264.14 for feeders. “That average price increase in these cycles was 24.4% for fed steers and 34.7% for feeder steers.” “In every case during the previous four cattle cycles, both national indicator fed steer prices and 600 to 650-pound Oklahoma City feeder steer prices posted higher average levels in the four years following the position in the cycle that we will see at the beginning of 2023,” Brown said. Since then, there have been four other instances in which beef cow inventory numbers declined for four or more consecutive years: 1976-79 1983-86 14. How might that decline in beef cows affect your prices for feeder cattle and fed steers? At Missouri, Brown examined the price behavior of similar points in the cattle inventory cycle going back to the mid-1970s.
0 Comments
Leave a Reply. |