MARKET COMMENTARY:

USDA issue a quarterly World Markets and Trade report. Here is a quick summary of their fall report and guesses for 2020. US Beef production will be up 3% to 126 million tons on higher slaughter & heavier weights. Exports are forecasted up 6% accounting for 12% of US production. We are set to expand demand in markets like Japan, South Korea & Taiwan as Australia struggles to maintain market share because of drought. US imports will fall 5% to 13 million tons. IF this USDA forecast holds true, 2020 is looking pretty bullish. IF we could get feedlots to get back to marketing 101 and get away from all these formulas & contracts we might actually have a market. Our Sympathy goes out to the Bob Klein family of Dunlap on the passing of their matriarch Fran. Rest in peace sweet lady.

***Attention Calf Sellers*****
Feed yards are demanding new crop calves have had a complete vaccination protocol. Please visit with your veterinarian. Nearly all our feed yard customers are preferring a modified live series of shots in addition to boosters. The green tag program is time tested & trusted. In addition, a long time weaned, 45 days or longer, appears to be working the best.

Fed Cattle/Weigh Cows Tuesday, Oct 15th:
Fed cattle continue their slow climb upwards, $1-2 better today. As the western run of cows has started so has the movement of the weigh cows. We were sure $2-4 lower today on the cows. I’m hoping & praying we don’t quite see the down turn of a year ago.
Fat Cattle (256 head):

Str. Top - $112.25
Str. Choice - $107-$112.85
Str. Select/Choice - $103-$106
2-Ways - $106-$112.85
Hfr. Top - $112.75
Hfr. Choice - $107-$112.75
Hfr. Select/Choice - $103-$106
2-Ways - $106-$111
Choice Holsteins - $no test
Select Holsteins - $no test
Fat Hfrts. - $75-$90
Weigh Cows 268 head):  
Fed Cows: $62-$68
Bulk Cows: $52-$60
Low Yield: $40-$50
High Yielding Bulls: $no test
Bulk of Bulls: $70-$80
Cutting Bulls: $85-$100
Preg open hfrs: $100-$120
Hfrts: $70-$80

BRED FEMALE/PAIRS, TUES, AUG 6TH:
We had an excellent run of Bred Cows & Cow/Calf Pairs selling over 500 head. Pair trade was excellent. Fall calving cow demand was decent, however I think those young Breds at $1300-$1500 look like an excellent buy. Top pairs $1600-$1800. Next Cow specials on October 22nd.

Feeder Cattle Friday, October 18th:
We had a light run of calves Friday on a very aggressive market. Here are some results.
4 Wt. Strs @ $165-$180
5 Wt. Strs @ $155-$170
6 Wt. Strs @ $148-$158
4 Wt. Hfrs @ $135-$150
5 Wt. Hfrs @ $130-$145
6 Wt. Hfrs @ $125-$140

Feeder Cattle Friday, October 4th:
We sold 1221 feeders Friday, on a very active calf market. Fed cattle futures rising have supported the feeder market quite well. Basically 100% of calves vaccinated, several with boosters. Here are some results.
34 Strs 496# @ $172.50
8   Strs 500# @ $171.00
29 Strs 560# @ $160.50
31 Strs 605# @ $156.00
21 Strs 635# @ $155.00
42 Strs 838# @ $145.00
11 Strs 934# @ $139.50
12 Hfrs 358# @ $170.00
28 Hfrs 446# @ $158.00
17 Hfrs 528# @ $148.25
30 Hfrs 551# @ $147.25
46 Hfrs 804# @ $131.75
27 Hfrs 913# @ $133.50

Next auction is on Friday, Oct 25th @ 10:30am