MARKET COMMENTARY:

So, a week ago I was in Nashville, TN for the World Livestock Auctioneer Championships & meetings. I sit on the Government & Industry Affairs committee and obviously the point of emphasis is the over-consolidation in our industry & what are we going to do about it! The Livestock Marketing Association spear headed a meeting between these groups, NCBA, R-Calf, US Cattleman’s, Farm Bureau & The National Farmers Union. A never before meeting of these groups. We hope & pray that some “common ground” can come from this meeting and some meaningful change may start to take place. Our share of the Beef consumer dollar is at unsustainable low levels. Let’s hope we can start to turn things in the producer’s favor. That seems like a novel concept. Also, in Nashville our own Well Epperly finished 3rd in the Auctioneer contest. Way to go Will. We are so very proud!

Fed Cattle/Weigh Cows Tuesday, June 8th:

Lite run of Fed cattle that were sure $2-3 higher. Weigh cows were a tad stronger also.
Fat Cattle (137 head):
Str. Top - $120.85
Str. Choice - $117-$120.85
Str. Select/Choice - $113-$117
2-Ways - $no test
Hfr. Top - $119
Hfr. Choice - $117- $119
Hfr. Select/Choice - $113-$117
2-Ways - $no test
Choice Holsteins - $86-$93
Select Holsteins - $no test
Fat Hfrts. - $no test
Weigh Cows 2654 head):  
Fed Cows: $74-$82
Bulk Cows: $64-$73
Low Yield: $50-60
High Yielding Bulls: $96-$103
Bulk of Bulls: $88-$100
Cutting Bulls: $no test
Preg open hfrs: $no test
Hfrts: $65-$85
Bred Female, Pairs & Breeding Bull Auction, Wed, June 2nd:

Wednesday's cow auction saw nearly 600 head and a great market. We led off with the Kline Angus bulls & averaged $3300 on 22 head. Pair trade was extremely active with the top young pairs at $2275. Here are the ranges:
Young Pairs: $1700-$2275
Med Age Pairs: $1350-$1675
Aged Pairs: $1200-$1500
Most Bred Cows: $1100-$1400

Feeder Cattle Auction, Friday June 11th:

We had a lighter run of feeders Friday on a market that is working itself higher.

4  Strs 503# @ $180

12 Strs 854# @ $ 139
48 Strs 1094# @ $119.50

5 Hfrs 552# @ $152

18 Hfrs 808# $ @ $130
5 Bulls @ 622# $151