Market Report Archives February 2006
Posted: Thursday, February 23, 2006
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Enid, OK: Market Report for February 21, 2006
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Twelve inches of good wet snow would sure be welcome about now! There is a large area of the U.S. that is in need of moisture, with most of that area in the south central part of the nation. The wheat is looking fairly good considering the lack of moisture. Cattle have still been gaining pretty well, but the market seems to be backing up faster than they can gain.
We’ve gone about three weeks now without selling fat cattle. According to the packer, they’re worth around $84.00. The feedlots would think they’re worth closer to $90.00. If you take the average cutout value of $147.44 and multiply it by a 63.5% yield you come up with $93.62. If you figure backwards from what a great steak in a fine restaurant costs, that fat animal is worth a whopping amount.
It’s hard to understand how some people, other than the packers, are so concerned about their margins. I am pretty darn sure the packer couldn’t care less about whether we make money or not. The last time I checked, the packers were making net profits in the tens or hundreds of millions! So, if the packers want to complain about their margins, let them.
There’s no question we need to sell some fat cattle, but feeders should be patted on the back for all of them sticking together and sticking to their guns. Even with no trade the last 3 weeks, the packers have still been able to kill 500,000 to 600,000 a week! Do the words captive supply ring a bell? It will be nice to see the cattle rolling in and out of those pens, especially with all the wheat cattle ready to go!
The market is still good, although surely lower. Calves and stockers bringing up to $150.00 with feeder cattle bringing either side of $100.00. Butcher cows and bulls steady to strong. Bred cows and pairs are in high demand, but also in very strong hands.
NEXT TUESDAY, FEBRUARY 28, 2006
WINTER LIVESTOCK, ENID, OK:
Edwards Ranch 75 Northern blk/bwf 1st calf heifer pairs
Staerkal Ranch 40 Fancy, Gardner sired 3yr old Angus cows
30 Bwf/Blk cows, 4-6yrs old, bred to Pollard angus and Sutphin angus/limflex bulls
4C Cattle Co. 650 Ang/Limx strs & hfrs, off wheat, 650-900
Gray Ranch 300 Angus sired strs/hfrs, off wheat, 700-950
Birdsye Farms 250 Angusx strs, off wheat, 700-900lbs
B.Brainard 115 Bwf/Charx hfrs, off wheat, 600-700lbs
www.winterlivestock.com 580-796-2150
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Posted: Monday, February 20, 2006
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Enid, OK: Market Report for February 14, 2006
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Happy late Valentines Day!
The market continues to be very strong for stocker cattle, despite the dry weather. Calves and stockers are holding their own while feeder cattle have come a long way from their tops back in December and January. At times, it seems like there is not much difference in dollars per head between a calf and a yearling!
The weather is still dry in a very large area. Several cattle came off wheat early, and prospects for graze out look pretty slim right now. There’s a lot of talk of feedyards being full, and they probably are carrying a lot of cattle. However, we can correct that very easily by marketing fat cattle! We went all last week without selling any, and it sure didn’t help. We need to sell ourselves into a higher market!
There should be a pretty big run of cattle in the next three weeks. Wheat pasture is short, and cattle have gotten big. The wheat looks like it needs some rest and moisture, mostly moisture! It will be interesting to see if there are many cattle left after the 15th of March! Some pastures that were going to be grazed out may not be able to without a little help. One bright spot for sure is that cattle have gained all they possibly can!
Even though the market is lower, we should keep in mind that it’s probably $10.00 to $20.00 higher than the last five to ten years! Think about all the 800 lb steers only bringing $65.00 or $70.00 just a few years ago. It will be ten years this year that calves were bringing $50.00 to $75.00 and corn was costing up towards $6.00 a bushel! Let’s be thankful for the market we have!
1400 here in Enid this week, with an excellent market! Give us a call to help you advertise and market your cattle to the max! Don’t forget our sale is broadcast live over the internet at www.winterlivestock.com! Thank You to all of our customers!
COMING TO WINTER LIVESTOCK IN ENID, OKLAHOMA:
February 20, 2006 Early Wheat pasture run! Already consigned:
Edwards Ranch 400 Blk/Bwf heifers, gtd open, 650 to 850 lbs
E & W Farms 400 Ang/Limx heifers, gtd open, 600 to 800 lbs
N.R. Ranch 125 Angus sired strs/hfrs, 700 to 900 lbs
Dettle Farms 70 Eng/Exotx strs, 700 to 800 lbs
Skaggs Ranch 50 Angus sired strs/hfrs, 800 to 950 lbs
February 28, 2006 Monthly bred cow sale and special wheat cattle sale:
Edwards Ranch 60 Northern origin Angusx 1st calf pairs, NICE!
G & T Farms 50 Blk/Bwf/Rwf cows, 4-9 yrs old, bred to blk bulls
Four C Cattle Co 350 Ang/Lim/Charx hfrs, gtd open, 700 to 800 lbs
350 Eng/Exotx strs, off wheat, 800 to 950 lbs
Brainard Farms 120 Ang/Charx heifers, gtd open, 600-750 lbs
Morris Cattle Co 150 Fancy, Angusx strs, 750 to 900 lb
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Posted: Wednesday, February 8, 2006
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Enid, OK: Market Report for February 7, 2006
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The market is sure different from what it was a month ago! It appears like quite a few cattle came off the dry wheat early and have filled a lot of pens in the feedyards and grow yards. The futures board has come down seven to ten dollars off its highs, and the cattle have followed suit. It still doesn’t make sense how fat cattle can be worth $97.00 one day, and $92.00 the next. Big yearlings have seen the same pattern, with 1000 lb steers bringing $100.00 a couple weeks ago, now are just bringing in the nineties.
Moisture is going to make a huge difference in what happens this spring. Possibly as much difference as insurance companies will make. If we get rain, there will be an abundance of pasture. If it stays dry, then there won’t be much wheat to sell! Kind of like being between a rock and a hard place!
One nice thing about this year is that the cattle are still selling very well, and there is still a great demand for our cattle! Calves are still bringing way over $100.00, and yearlings are still bringing either side of $100.00! If we look back in history, we will find there was a heck of a lot more years when those figures were down in the $70.00 range! We should be thankful for the market we have!
Don’t forget that this market has all come up without the help of Japan, Korea, Mexico, or any other of those foreign countries that think they’re too good for our beef! We have probably the finest product, and husbandry practices in the world. Why should we have to change our ways? If folks want to sell their cattle or beef in the United States, let them pay the piper! Granted the world is changing every day, but the more things change the more they remain the same. The last time I looked, there sure seemed to be a lot of foreign cars driving down our highways. It doesn’t seem like a very big stretch to tell those folks they ought to be eating more American beef, if they want to sell their cars over here!
We had a lighter run of cattle this week, but certainly more yearlings showing up. Calves and stocker cattle selling near steady, $115.00 to $135.00, with light weights higher. Yearling and feeder cattle selling $2.00 or more lower. 700 to 800 lb steers bringing $100.00 to $110.00, with heavy weights $90.00 to $100.00. Heifers bringing from $90.00 to $105.00. Butcher cows and bulls selling steady.
Keep an eye out on our internet for bred heifers and cows, and also our monthly video auction, which will be held on Thursday, February 19! You can view this over the internet or watch it from any of our locations! Give us a call to help market your cattle! We have wonderful people, facilities, and technology to help you get top dollar! Call us at 580-796-2150 or contact us at www.winterlivestock.com!
Thank You to all of our customers!
We appreciate your business!
Weston Winter
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Posted: Thursday, February 2, 2006
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Enid, OK: Market Report for January,31, 2006
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What a fantastic market we have! Calves and feeders bringing over $100.00, with bred cows and heifers bringing over $1000.00! How can we complain if the market has come down $5.00 or something? What is there to complain about when a calf brings six or seven hundred dollars a head? In the last fifty years, there have been many, many more cattle sold at $65.00 rather than $105.00!
We finally got a little rain in SE Oklahoma! It was definitely needed! It’s amazing how much moisture is needed to keep all the wheat, grass and foliage growing. The wheat pasture around Enid is still going, however, there is not enough moisture left to get it to grow very much. It looks like cattle have done around 3 pounds a day up until now, but cattle appear to be going backwards. A nice foot of snow would work miracles about now!
Even though it is dry, there are literally thousands of acres of wheat that are not being grazed. Some of that wheat is still 5 inches high! It looks like all the hay in the country has been sold to people down south. Where there used to be round bales lined up for miles, they are hard to find now. Alfalfa hay has gone from $85.00/ton to $140.00 a ton! It would appear that grazing wheat would be a whole lot cheaper.
There is excellent demand for stockers and bred stock right now, even with conditions the way they are. Bred heifers bringing up to $1300.00, with old cows bringing up to $800.00! There are not very many pairs selling yet, but it will be interesting to see what they are worth!
Don’t forget our monthly cow sale the last Tuesday of every month! These are excellent auctions to sell your bred heifers or bred cows at! Also, we are having are video auctions every month now. Our internet is working for you every day! These are excellent ways to get cattle contracted or marketed! Give us a call if you have any questions about marketing cattle at 580-796-2150 or at www.winterlivestock.com!
1043 cattle at Enid this week, with excellent attendance and demand! The overall market on cows and calves looks about steady, if not a little stronger. Yearlings and feeders selling $1.00 to $3.00 lower. Light weight calves up to $155.00, stocker steers up to $135.00, and feeder cattle bringing $100.00 to $112.00. Butcher cows and bulls selling steady. Cows from $40.00 to $55.00, and bulls from $59.00 to $67.00.
Thank You to all of our buyers and sellers,
Weston Winter
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