MARKET COMMENTARY:
We are finishing up plans for our 71st Anniversary BBQ auction this Friday, August 6th. We have our beef quality assurance certification meeting coming up Tuesday, August 31st. Please RSVP with Ruby in the office. This past week I had the opportunity to testify in Washington DC in front of the Judiciary committee about the state of the live cattle markets. The hearing was called by our own Senator Grassley who has fought for independent producer’s rights his whole political life. There is lots of chatter about all these issues. Those phone calls to congressional offices make a difference. Keep up this pressure. Meaningful change is happening!!
Fed Cattle/Weigh Cows Tuesday, July 27th:
We had a lighter run, on Tuesday with the trends $1 lower on the Fed cattle & $1-3 better on the cows. We never know for sure but historical trends have us trending lower on weigh-ups. If you know your going to split some pairs might be a great time w/high calf price’s. Also visit with your vets about calf vaccinations. A solid health program is an important as ever!
Fat Cattle (211 head):Str. Top - $124.50
Str. Choice - $119-$124.50
Str. Select/Choice - $117-$119
2-Ways - $no test
Hfr. Top - $120.35
Hfr. Choice - $119- $120.35
Hfr. Select/Choice - $117-$120
2-Ways - $no test
Choice Holsteins - $no test
Select Holsteins - $no test
Fat Hfrts. - $90-$100
Weigh Cows 212 head):
Fed Cows: $75-$82
Bulk Cows: $64-$75
Low Yield: $50-60
High Yielding Bulls: $93-$100
Bulk of Bulls: $85-$95
Cutting Bulls: $100-$105
Preg open hfrs: $105-$120
Hfrts: $80-$100
Tuesday’s auction featured over 500 Feeders and 150 Bred Cows & Cow/Calf Pairs. Feeder trade remains extremely active. If you have feeders to move don’t forget out BBQ Auction on Aug 6th. Young cow/calf pairs traded $1500-$1750. Most bred cows were $1100-$1300.