Feeder Sale

[Dave]

I have been avoiding the feeder sales since last fall. Yesterday the wind was howling here so with nothing to do I went to the sale just to watch and BS with some of the guys. Holy moly!!! 5 weight steers were pushing $4.00 real hard. Heifers that size were well over $3. I didn't write things down until just before I left. 54 head of steers weighing 525 sold for $3.71. That is $1,947 a head. 16 head of 600 lb heifers sold for $3.04 which is $1,824. 22 head of steers at 739 lb sold for $3.15 which is $2,327.
Kind of scary to pay this much money but...... Those 739 lb weighed 214 pounds more than the 525 lb steers and sold for $380 more. The question then is can you put on 214 lb for $380. That is $1.77 a pound to add weight. That certainly pencils.

 

[Dave]

I looked at a thread from back in November. I reported back then that 5 weight steers were a touch over $3. I wish I would have bought a couple hundred of them for that back then.

 

[farmerjan]

I looked at a thread from back in November. I reported back then that 5 weight steers were a touch over $3. I wish I would have bought a couple hundred of them for that back then.

Always, hindsight... wish we had bought a bunch of some rougher looking ones and then had 6-7 wts about now... even with the lower per lb price, they would have penciled out...

Your cattle are a little more than here, we have alot of trucking costs here... Several groups consigned for today. I may very well go to town and watch the sale for awhile later..

 

[Mat Man]

I had some #523 steers bring $3.50 in Dickson Tn this week !
Wish I would have had a truck load !

 

[farmerjan]

Sat at the sale for several hours yesterday. I had to go to a dairy and got there after they had sold some of the smaller ones... but they had about 1800-2000 head. Several large groups of 20-30; a few groups of 50's 8 wts that they sold early that were consigned steers... I did not see them ...
But the general pricing was 4-5 wts were in the $2.80-3.30 range... 6 wt steers were actually better overall... 3-3.20 ... Saw a nice group of 15 char steers, weighed 616 3.25... These are black nose chars.... 7 wts were in the 2.65 - 2.85 range.
Heifers were real good I think. 4 and 5 wts were in the 2.50 and all the way up to 3.10 for some. 6 wts were 2.60-2.80 and some 7 wts brought 2.65. Group of 35 #1 weighed 450 ...3.01 and 35 #1 weighed 531.... 2.75. Group of graded, co-mingled 62 head #2 hfrs weighed 624 avg. brought 2.79. Group of #2 45 weighed 737 brought 2.50
Talked to a couple of the guys, one is a grader and buys at some sales he does not grade at... and we were talking about where this is going... he says the talk is that they may drop off some, but that this is more than likely the new normal. With the costs of everything else gone so high, it would be hard for anyone to actually make it if it drops way off like it did after the 2013-2016 price swings...
There is a bred cow sale on the 18th... don't know how many ... will be interesting to see what they are doing with grass getting ready to come on...

 

[Lucky]

Been seeing 2 yr old Angus and Brangus first calf pairs advertised for $4,000. Wonder if anyone is biting at those prices?