MARKET COMMENTARY:
I really believe we can get some meaningful change in the fed cattle markets. Two things need to happen quickly, 1) Restore mandatory country of origin labeling 2) Enact & make law the Grassley/Tester 50/14 bill. Why do I think this needs to happen immediately? NCBA is adamantly opposed to both bills! Let your congressional leaders know how you feel! Tell them you’re a cattle producer & you believe in the independent legacy of our industry.
***** Since the beginning of the green tag program we have supported that notion of value-added programs. Visit with your vets about this time tested too. First Western Iowa Precondition sanctioned auction on Friday, October 29th.****
Fed Cattle/Weigh Cows Tuesday, Sept 7th:
We had a lighter run coming off Labor Day. The fed cattle were $1 lower & the weigh cows were basically steady.
Str. Top - $125
Str. Choice - $123-$125
Str. Select/Choice - $120-$122
2-Ways - $no test
Hfr. Top - $125.10
Hfr. Choice - $123- $125.10
Hfr. Select/Choice - $no test
2-Ways - $120-$122
Choice Holsteins - $no test
Select Holsteins - $no test
Fat Hfrts. - $90-$105
Weigh Cows (144 head):
Fed Cows: $77-$82
Bulk Cows: $57-$66
Low Yield: $45-55
High Yielding Bulls: $90-$104
Bulk of Bulls: $84-$90
Cutting Bulls: $no test
Preg open hfrs: $125-$135.75
Hfrts: $75-$110
Bred Female Auction, Tuesday, Aug 24th:
We had a fantastic cow sale Tuesday w/480 Cows & Cow/Calf Pairs. We had some outstanding young Cows w/400# calves @ side that topped at $2375. Fall pairs traded @ $1400-$1800, Young fall bred cows were $1400-$1600.
Feeder Cattle, Friday, Sept 10th:
We had 2000 feeders Friday featuring some nice new crop calves & some real nice strings of yearlings. Here are some results:
16 Bulls 294# @ $690/hd
7 Strs 396# @ $207
73 Strs 492# @ $197
25 Bulls 507# @ $173.50
110 Strs 704# @ $167
348 Strs 850# @ $161.10
48 Strs 880# @ $160.25
18 Strs 908# @ $158.25
22 Hfrs 300# @ $570/hd
34 Hfrs 383# @ $194
20 Hfrs 401# @ $180.50
56 Hfrs 654# @ $153.75
31 Hfrs 765# @ $154.75