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Offline Gargan

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careful pricing your low end show steers
« on: February 24, 2012, 02:31:28 PM »
just saw a set of 500# black hided (no ears) bring $2.21 a lb ($1105 per hd) on superior auctions. these  are feedlot destined cattle.. So be careful pricing your steers for $1000..lol.. on the contrary, dont expect someone to sell you a steer for a project for $800-$1000..just thought i'd share <beer>
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Offline outspoken

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Re: careful pricing your low end show steers
« Reply #1 on: February 24, 2012, 03:39:24 PM »
bowling green MO today.. potload (56) of steers 1.47 ave 960#.  1400+ plus each calf.  selling by the pot.

Offline Gargan

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Re: careful pricing your low end show steers
« Reply #2 on: February 24, 2012, 03:41:13 PM »
bowling green MO today.. potload (56) of steers 1.47 ave 960#.  1400+ plus each calf.  selling by the pot.

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Offline Diamond

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Re: careful pricing your low end show steers
« Reply #3 on: February 24, 2012, 04:25:39 PM »
About time
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Offline outspoken

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Re: careful pricing your low end show steers
« Reply #4 on: February 24, 2012, 04:31:03 PM »
About time

I've said it 1000 times... I don't like this high income/ expense market place we are living in right now.  I'd much rather be back when corn was a dollar or two a bushel- and cattle were .70 cents... The ratio of profit was much more ideal... Instead now, corn is 7.00 plus, and cattle are at $2.00.  That's just over double the price of cattle, and almost 7x the price of corn...  Something doesn't match up...

Offline coal_creek

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Re: careful pricing your low end show steers
« Reply #5 on: February 24, 2012, 05:43:01 PM »
400lb steers in Knoxville, IA brought up towards $2.25 today.

Offline mainecattlemother

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Re: careful pricing your low end show steers
« Reply #6 on: February 24, 2012, 10:36:37 PM »
We just sold soome steers at our local auction barn.  They averaged weight of 635 lbs but there were a few big ones in the bunch but were put all together.  Mainy out of our BC Lookout bull.  We probably could have pulled a couple to show as PB Angus steers but we did not consider them good enough but I think in a lot of counties could have made great steers but we received $1.75 two weeks ago.  Havent watched the sale the last couple weeks but I heard they were even higher.  Our neighbor sold 440 lb steers the same day and got 2.22 lb.  So, I agree an animal broke to lead should be worth morth an $1000

Offline justintime

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Re: careful pricing your low end show steers
« Reply #7 on: February 25, 2012, 12:23:17 AM »
I sold two steers two weeks ago . One was the poorest calf of the 2011 calf crop and he weighed 865. He sold for $1.49/lb for a total of $1288 . He was a white calf and was the only calf that I treated aas a baby and he had definite damage to his lungs as he was quite unthrifty. The second steer was a July born, who's mother was hit by lightning when he was about 2 months old. He lived on what he could steal. He weighed 410 lbs and sold for $2.31 / lb for a total of $947.
A week later a neighbour sold 152 steer calves for an average price of $ 1146 for a total take home of $174,000. I also heard of a guy selling over 100 Char X bred heifers for an average of $1890  a couple weeks ago at an auction barn sale.

I'm not sure I agree with BS in wanting to go back to $2 corn and .70 calves. I don't think we will ever see $2 fuel or $20,000 pickups or $40,000  tractors again, so I don't think we are getting over paid yet. With the prices of every input we have being extremely high, it is about time we saw some good prices.

I think we are going to see some outstanding bull sales this spring since the cowboys have some jingle in their jeans. I have heard of 3 Simmi bull sales in the past week that have averaged $6200 or more in Western Canada.
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Offline outspoken

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Re: careful pricing your low end show steers
« Reply #8 on: February 25, 2012, 08:32:28 AM »

I'm not sure I agree with BS in wanting to go back to $2 corn and .70 calves. I don't think we will ever see $2 fuel or $20,000 pickups or $40,000  tractors again, so I don't think we are getting over paid yet. With the prices of every input we have being extremely high, it is about time we saw some good prices.


What you said, agrees with me 100%.  I'd take 20,000 trucks, $1000 farm ground, $2. corn, $1.90 fuel- and .70 cattle... any day of the week over what we have currently. 

I'm not saying we're getting over paid-- I'm saying we're getting under paid in relation to the cost of inputs as compared to what they were worth- say even 5 years ago.

Offline SD

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Re: careful pricing your low end show steers
« Reply #9 on: February 25, 2012, 08:47:28 AM »
Watch the profit/loss of those in the beef chain. Remember 2 years ago the feedlots were losing money big time. Now I've notice the packers are losing money. So either the price at the butcher shop needs to go up, which is bad for us, as demand will go down or the calf producer will be the next to lose money.

Talked with a directory of operation at a big packing outfit and he said the break-even for packers is basically $1.31/lbs at the sale barn.

Question is can we make money at $1.20+ range?
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Offline chambero

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Re: careful pricing your low end show steers
« Reply #10 on: February 25, 2012, 09:42:26 AM »
Maybe I'm wrong, but in the heydey of the cattle business most peole couldnt afford to eat beef constantly.  I think prices in the stores need to go up and lower cattle numbers become the norm

Offline TJ

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Re: careful pricing your low end show steers
« Reply #11 on: February 25, 2012, 12:57:10 PM »
About time

I've said it 1000 times... I don't like this high income/ expense market place we are living in right now.  I'd much rather be back when corn was a dollar or two a bushel- and cattle were .70 cents... The ratio of profit was much more ideal... Instead now, corn is 7.00 plus, and cattle are at $2.00.  That's just over double the price of cattle, and almost 7x the price of corn...  Something doesn't match up...
  It's certainly cheaper when you don't any feed corn or grain by products, etc.  I refuse to feed it for that very reason.  However, I'd be even more concerned about fuel costs.  If they start to sky rocket, this whole thing might get pretty ugly and quick.  Higher fuel is probably going to equal even higher corn prices and anymore it takes fuel to do almost anything on most farms.  It will also make showing cattle extremely expensive.       
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Offline Mtnman

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Re: careful pricing your low end show steers
« Reply #12 on: February 25, 2012, 03:45:18 PM »


 

I'm not saying we're getting over paid-- I'm saying we're getting under paid in relation to the cost of inputs as compared to what they were worth- say even 5 years ago.
[/quote]

Margins are as tight as ever, yes that big pay check looks good in your hand, and because of the price of everything else going up our product has to follow or we can't be in business. I like selling calves for a $1.50 and bulls for $5k, but I am not sure that my pocket has that much more in it at the end of the day.

Offline Doc

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Re: careful pricing your low end show steers
« Reply #13 on: February 25, 2012, 05:14:02 PM »
About time

I've said it 1000 times... I don't like this high income/ expense market place we are living in right now.  I'd much rather be back when corn was a dollar or two a bushel- and cattle were .70 cents... The ratio of profit was much more ideal... Instead now, corn is 7.00 plus, and cattle are at $2.00.  That's just over double the price of cattle, and almost 7x the price of corn...  Something doesn't match up...
  It's certainly cheaper when you don't any feed corn or grain by products, etc.  I refuse to feed it for that very reason.  However, I'd be even more concerned about fuel costs.  If they start to sky rocket, this whole thing might get pretty ugly and quick.  Higher fuel is probably going to equal even higher corn prices and anymore it takes fuel to do almost anything on most farms.  It will also make showing cattle extremely expensive.       

TJ , Gotta agree with you on the fuel. Last time fuel went up like it is now, that's when the economy went downhill.
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enough to take everything you have.   -- Thomas Jefferson

Offline dare3324

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Re: careful pricing your low end show steers
« Reply #14 on: February 25, 2012, 07:52:37 PM »
As someone who only purchases $7 corn. It is nice to see prices begin to offset. I know I sold a bred heifer last fall I wish I had back. But, the fuel price increasing is going to turn everything upside down.

 

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