An interesting tidbit for the beef trade this week, Packers have forward beef sales covering through Memorial Day that are higher than one year ago. In addition packers have less cattle forward contracted through May & June than 1 year ago. On first look it makes you want to be a little bullish on the June market. I guess we’ll find out soon what happens. Austin & I were in Des Moines Friday night auctioneering and raising money for the Hansen foundation which funds veterans programs, childhood cancer causes and fighting hunger needs in the inner cities. 1.75 million was raised for these very worthwhile causes. Finally a big shout out to all the Mothers for this very special time called Mother’s Day. We love you for all that you do!!
Fed Cattle/Weigh Cows Tues, May 15th:
Big run of market stock on what I'm sure what was a "going to pasture" clean up day. It's been several years since we've had over 700 weigh cows. That a little status of why the weigh cow market is in the doldrums. With dry weather around in parts of the country it might not get any better for some time. Fed cattle are starting to feel the pressure of the June board. With packer margins near $250/hd I'd think maybe they'd have a little room to give!!
Fat Cattle (331 head):
Str. Top - $120.75
Bulk of Bulls: $77-$87
Bred Female Auction, Tues, May 15th:
Tuesday's cow special was very well attended & featured near 1200 head. Quality on the front end was outstanding. Thank you so much to all the consignors and a huge shout out to the buyers for helping making it happen. Here are some ranges
Next Bred Cow Special
Tuesday, June 5th.
Feeder Calf/Yrlg, Fri, May 4th:
Friday’s calf.yrlg auction had over 1500 head and the market was extremely active. The seats were full of Buyers and sellers were rewarded especially those that were greenest in condition. Here are some actual sales.
9 Strs 424# @ $201.00