DPANTOJA":2i2ed6hu said:
What are the pros or cons of buying cattle from an auction compare to a private party?
thanks
There are Auctions that are both public and private.
I don't have a lot of cattle at the moment, but of what I have, only one was not bought at auction or a descendant thereof. That one cow will be the first to go in the next cull.
There are some I bought that went back to the sale barn immediately. I can lose $50 or so on those or I can make that much.
So far I have been very lucky.
There are some I missed out on buying that I wasn't exactly sure if I should buy them or not. Some times the cows fetch more nickels than I am willing to pay for something that is unknown.
If you are going to buy auction cattle, get there early. Look the cattle over thoroughly. Write down the numbers of the ones you have interest in. Know the going prices. There are times the sellers are present and would be glad to talk to you. The sellers can be someone you have known for years, but you haven't seen them in quite some time.
Know what you want. Don't be unsure of anything. Find what you are looking for and stick to your guns.
Bred cattle generally means they are fertile. Their offspring will bring you some return on your investment.
Generally speaking, a cow that has a calf is going to stay with that calf. If the calf is inside your fence, it is safe to assume the cow will too. Otherwise that cow may cross a six foot fence and don't be shocked if you see that. Be prepared to retrieve that cow and take her back.
Some times cows are out of an estate and are simply being sold because no descendant wants to care for them.
If you see a good looking cow that has glue residue on her from a previous auction, she is being resold and is a problem cow.
Don't feel as though you have to buy something. If the cows are fetching too many nickels, keep your nickels in your pocket. DON'T get caught up in the game. There is no shame in dragging home an empty trailer. Often it is more of a sign of wisdom. It beats the heck out of getting burned. There is always next time - and the next.
Beware of cattle brought to the sale at the last moment.
When you figure your cost, you need to figure in a bit of feed you are going to put in that cow while you hold it in a seperate pen for a few weeks. Calling cubes have a way of settling down cows.
I like to go to the aution alone. That is just a personal thing. No distractions etc.
Beware of horse traders. They are in our midst all the time. If they can sell you a problem cow at a profit, they'll do it.
During periods of drought, folks cull heavy. If you have the grass to sustain a few head, it is a good time to buy.
Go to a few auctions without a trailer. Sit there and watch the way it works. Note the spotter and note the buyers.
When I buy, I stay with the spotter. He's got his eyes on me when he is asking if I want to pay the next price. I wave and generally he'll yell "YEEEELLPP" and his hand will be pointed at me while he is scanning the crowd for the next bid. I never look at the cow or anything else but that spotter, my eyes are on him. If I am taken out and ready to bid again, I do it quick and he stays with me. If the price goes outside my limit, I wave him off. It is all body language. Know the language before you get engaged. Know what "P.O." means. Know all the acronyms used at that sale.
If you were in the stock market, you'd want to buy good stock at the right price at the right time. Cattle auctions are no different. Think long term. Stay away from the junk bonds, unless you have the nickels to risk.
Get your advice from someone who knows the business and you trust. Take them with you.
You are always at risk. Cut your risk all you can. Don't be nervous, be sure of yourself. If you are not sure, don't engage.