Market Report

MARKET COMMENTARY:

Finishing up plans for our 70^th Anniversary Calf/Yrlg Auction. I think it’s time to keep the heat on and push Senator Grassley’s 50/14 Bill to increase competitive bids in the fed cattle market. We also need to keep the fight up to push for mandatory Country of Origin labeling. Good news retail beef prices are “normalizing”. One of the big chains had Ribeyes at $8.99/lb, New Yorks @ $6.99/lb and Hamburger @ $3.25/lb.

Fed Cattle/Weigh Cows Tuesday, August 4th:
Fed cattle were $2-3 higher on a very aggressive trade. The most impressive sale was 42 Char strs 1284# @ $115.85 to go back to feed. Hfrs mates weighed 1237# @ $108.50. First weigh cow in the ring brought $78.50 & the race was on. Cows were $1-2 higher! I truly believe if you have some older cows you were planning on selling in the fall, now looks like a great time to do it!
Fat Cattle (285 head):
Str. Top - $104.50
Str. Choice - $99-$104.50
Str. Select/Choice - $95-$99
2-Ways - $107-$117
Hfr. Top - $104
Hfr. Choice - $99- $104.
Hfr. Select/Choice - $96-$98
2-Ways - $105-$117
Choice Holsteins - $no test
Select Holsteins - $no test
Fat Hfrts. - $80-$90
Weigh Cows 130 head):  
Fed Cows: $75-$83
Bulk Cows: $67-$77
Low Yield: $50-60
High Yielding Bulls: $103-$112
Bulk of Bulls: $96-$107
Cutting Bulls: $85-$100
Preg open hfrs: $95-$115
Hfrts: $75-$90
Bred Female/Pairs Auction Tuesday June 16th:
Great cow auction Tuesday selling over 700 head. Nice crowd on hand with very aggressive buying activity. Here are the ranges: Young pairs  $1700-$2075. Medium age Pairs $1500-$1775. Aged Pairs: $1100-$1500. Bred Cows $1000-$1400. Top breeding Bull at $2800 w/most bulls $1500-$2200.

Feeder Cattle Auction: Fri, June 19th:

We had a very active feeder cattle auction on Friday selling just short of 1000 head. Big thanks to all Buyers & Sellers. Here are some results.
9   Strs 400# @ $185.00                                                                               
12 Strs 493# @ $173.00                                          
10 Strs 635# @ $155.00                                          
6   Strs 713# @ $144.00                                          
56 Strs 854# @ $131.25