05/15/2008 Market Report: "Enid, OK: Market Report May 13, 2008"

It’s been another exciting week in the cattle market! Yearling cattle have jumped $2.00 or more higher, with calves seeing more demand and the cow market holding well. Fat cattle seem to want to go higher, but that’s at the whim of the packers. Just about anyway you look at it though, the cattle market is excellent!

High dollar corn, high fuel costs, high input costs, a weaker dollar, and fewer buyers in the market all would seem to point to a lower market not a higher one. . The price of corn and fuel has already made some smaller feeders close the gates, and certainly taken them out of the market, yet the market continues to get stronger! The futures board is making things look wonderful down the road, but is that just wishful thinking?

Where is the breaking point? At some point, gas will reach a price that will severely curtail travel other than necessity, and the American consumer will say that’s enough. Of course, that’s assuming people actually know how much money they have and what it’s worth. It seems that with credit cards folks are willing to keep spending on things even when they’re high or unnecessary. There does come a time though when a product or service just becomes too high and then it’s not worth anything.

When will the cattle stop showing up? Every week there just always seems to be a few cattle available, yet not near as many as usual. It won’t be long before harvest and then many auctions across the country will be shut down, there won’t be enough yearlings for everyone and nobody will want to buy a calf for love or money. It’s amazing how that cycle happens every time, but even when it’s expected everyone seems surprised!

It’s a great time to be selling cattle! Prices are great, demand is high, and other opportunities are coming around the corner! Take advantage of it!


THE END OF THE MONTH COW SALE IS TUESDAY, MAY 27, 2008!
OUTSTANDING OPPORTUNITIES INCLUDING:

4 C RANCH 300 Fancy, Blk/Bwf, mostly 2nd & 3rd calf pairs and bred cows
BAR BOX RANCH 100 Choice, Blk/Bwf/Red/Char pairs & bred cows, 3-8 yrs old
ORS RANCH 200 Choice, Blk/Bwf pairs & bred cows, 3-10 yrs
MILLS CATTLE 20 Fancy, registered Maine Anjou cows/hfrs, bred to club bull
MIKE WILLEY 4 Coming 2 & 3 yr old beefmaster heifer bulls
WW CATTLE CO 25 Blk/Bwf/Charx 1st calf pairs, with Angus sired calves


THANKS TO ALL OF OUR CUSTOMERS!
WE REALLY APPRECIATE YOUR BUSINESS!


Weston Winter


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