It’s absolutely a great time to be selling yearlings! Week after week, yearling cattle continue to hold steady or even get higher. The futures board looks as high as it did a year ago, with several months sitting around $119.00! It seems like any steer weighing over 850 is bringing $1000.00 plus! Maybe we’re in a different era, but that’s great money for a yearling any day!
On the other side of the coin, why are heifers being discounted so much? Heifer calves are being sold from $5.00 to $20.00 behind their brothers. Some seven weight steers bringing over $120.00, while at the same time, the same quality heifers might just bring $112.00. But when the paper work is done, a fat heifer will bring the same money as a steer, if not a little more in the live section.
There still seems to be plenty of heifers being offered for sale, and quite a few going on feed, so how is the cow herd being built up? Maybe the great big herds are holding back more cattle, or maybe every one is just not telling the reporters or the government what they’re really doing! In Oklahoma, it sure looks like there is not near as many cows as a few years ago, or cattle for that matter. But just drive through the grasslands of Kansas, Nebraska, Missouri, and there seems to be cows everywhere!
There is a lot of talk and worry about the financial markets in the world. One thing is for certain, the talk is about extremely large amounts of money. There are stories about billion dollar deals, where a few years ago, millions was a lot of money! How much greed is there in the world today? There was a story in a magazine about someone saying a yearly salary of $70 million dollars was not enough! How can that not be enough? Sports players whining about their enormous salaries, company executives getting millions in bonuses, and yet our president gets paid a paltry sum compared to some of these folks. When will reality step in?
The fall run will soon be upon us and it looks like it will be a very nice market for the rancher. At the moment, all the pieces seem to be falling in place for a great wheat pasture year. Across the country, tractors are going non stop trying to get ready, while the corn harvest will be happening before we know it! Opportunity is knocking!
COMING EVENTS AT WINTER LIVESTOCK:
TUESDAY, SEPTEMBER 11 INTERNET VIDEO AUCTION
TUESDAY, SEPTEMBER 18 SPECIAL WEANED CALF SALE
TUESDAY, SEPTEMBER 25 ABBI BREEDING COW SALE
TUESDAY, SEPTEMBER 25 END OF THE MONTH COW SALE
THURSDAY, SEPTEMBER 27 BAKER BUCKING STOCK COW SALE
ALL OF OUR AUCTIONS ARE BROADCAST LIVE AT WWW.CATTLEUSA.COM
