MARKET COMMENTARY:
Is it possible to have election hangover a week before the election? It’s 2020 so I’d guess anything is possible. The run up on grain prices has been welcome to our area farmers. Honestly, I thought Fed cattle would respond favorable to the higher grain trade. I guess time will tell. I’m happy we missed out on most of the snow hoping we see some more “Fall” like weather.
Fed Cattle/Weigh Cows Tuesday, Oct 27th:
We had over 700 head of market cattle. Fed cattle were $1 lower & weigh cows were basically steady. The Board has come back to life hopefully starting to send Fed cattle higher.
Fat Cattle (247 head):
Str. Top - $104.10
Str. Choice - $101-$104.10
Str. Select/Choice - $98-$101
2-Ways - $no test
Hfr. Top - $104
Hfr. Choice - $100- $104
Hfr. Select/Choice - $97-$100
2-Ways - $no test
Choice Holsteins - $81
Select Holsteins - $no test
Fat Hfrts. - $80-$90
Weigh Cows 464 head):
Fed Cows: $68-$78
Bulk Cows: $52-$62
Low Yield: $40-50
High Yielding Bulls: $84-$87
Bulk of Bulls: $73-$83
Cutting Bulls: $80-$90
Preg open hfrs: $100-$110
Hfrts: $70-$85
Bred Female/Pairs Auction Tuesday October 27th:
We had 250 bred cows Tuesday. The market was extremely active. Here are a few ranges.
10 Spring calving Bred Hfrs: $1650.00
3 Pot loads of Broken mouth corn stalk spring calving Cows: $700-$800
Young Fall calving Bred Cows: $1250-$1400
Feeder Cattle Auction: Fri, Oct 23rd:
Friday’s feeder auction was dominated by an outstanding string of calves that had 2 rounds of shots and coming right off the cow. In addition, we had an additional 750 yearling steers & hfrs. The last couple of weeks we’ve seen lots of downward pressure on the futures & fed cattle. That pressure has carried over causing a lower feeder trade. Here are some actual sales.
9 Strs 337# @ $194.00
90 Strs 462# @ $182.25
162 Strs 564# @ $163.50
11 Strs 608# @ $147.00
15 Strs 809# @ $137.25
17 Strs 988# @ $124.50
11 Hfrs 346# @ $174.00
71 Hfrs 451# @ $159.00
139 Hfrs 541# @ $143.50
66 Hfrs 835# @ $128.50
63 Hfrs 860# @ $125.00