Dave
Well-known member
Well the exchange rate varies but using 0.75 as the exchange that is $2.06 at 500 and $2.25 at 400. That beats the prices here by about 25-35 cents.
Anyone?
- Thread starter gcreekrch
- Start date
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wbvs58
Well-known member
Around the 300kg (660lb) mark should achieve that. If your prices did come up it would help sustain those prices here as our industry is heavily reliant on the export market. Processors won't continue sustain a loss forever before they start shutting down plants and cutting shifts. History will probably repeat itself and when your prices are high ours will be low and vice versa, just gotta make the most of the good times.If my math is any good, that's about $2.10/lb US, using $.775 for US/AU dollar exchange. What kind of weights are those, just out of curiosity? Here is the link to US futures.
Feeder Cattle Futures Quotes - CME Group
Find information for Feeder Cattle Futures Quotes provided by CME Group. View Quoteswww.cmegroup.com
Ken
Stocker Steve
Well-known member
I don't know what the current loony conversion is.
I do know it is hard to sell into a rising market.
The talking heads would say to sell 20% of the calf crop now as long as it is a profitable trade. Then make incremental sales.
I don't follow very well, so I am selling bred cows and retaining calves, to increase gross per acre.
My crystal ball says prices are up significantly next year. Don't make panic sales.
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Silver
Well-known member
If you are locking in at $2.75 for 5 wts now I would think you should sleep soundly all year.
Is that Mr. E securing next years calves already?
Yes
Too dependent on the weather, for me to guess. I'm predicting the row crop guys shoot themselves in the foot, and plant wall to wall. If it rains then commodities will be cheap. Nothing Biden is going to do will help our position. China will get our $ and the middle east will starve us to death on fuel prices.
Peace
Well-known member
Just checking Superior for a bit this am and 900 to 1000lb steers, black, were running in the 155 to 165 range...delivery from March thur early May
KAstocker
Well-known member
On the country page? I'm not seeing anything near that high.
Stocker Steve
Well-known member
Heard recent land auctions were selling extra high. Seems like both crop and cattle price rallies last about two years per cycle. I think it is time to pump the brakes and pay off a few things.
What is guaranteed is there will be a lot of new crop land broken up in Africa and South America because of this rally, and it will stay in production after the prices come back down.
Stocker Steve
Well-known member
Canadian?
Peace
Well-known member
Just watching the auction on youtube....most were on this page....lots 2420 and up
Catalog – Superior Livestock Auction
Superior Livestock Auction is your premier online marketplace to buy & sell livestock. Watch live auctions via livestream and bid on our online platform.
superiorlivestock.com
Peace
Well-known member
Something else to think about that happened on superior today....Syracuse Dairy sold 3300 dairy/angus cross steers @ 650lbs for $152...with delivery in Aug/Sept... then somewhere around 1300 of the same heifers @ $140 with the same Aug/Sept... so...what does that say?
That is about the same we see here and for those prices they are good cattle.
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Peace
Well-known member
I didn't make it up...here is the market report from yesterday...keep in mind these are pot load lots at a minimum...
superiorlivestock.com
Market Report Summary – Superior Livestock Auction
Superior Livestock Auction is your premier online marketplace to buy & sell livestock. Watch live auctions via livestream and bid on our online platform.
superiorlivestock.com
KAstocker
Well-known member
Thanks for posting. It looks like the expensive heavies are NHTC and natural. That sort of premium surely makes it worth it.
Dave
Well-known member
Could make good coin with them here. 5 wt steers are $1.70-1.80 and 4 wt heifers are $1.60-1.70. Trouble is the freight getting them here would probably be a killer.
Peace
Well-known member
Good catch... I'm not in a position to sell pot loads but I still wonder how many hoops you'd need to jump thru to get NHTC approved and what it would cost.
Dave
Well-known member
My SIL use to rep for Superior. He said there was a couple of places where the neighbors pooled calves together to make a pot load. They would meet at a location where there was a set of pens and a scale. Said there would be half a dozen goose neck trailers there to meet him. He would end up writing half a dozen checks getting the truck loaded.
