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Feeder Steer/Heifer prices plunging....?
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<blockquote data-quote="Stocker Steve" data-source="post: 947417" data-attributes="member: 1715"><p>Sold our yearling steers this week. Market was better than I expected. Our top was $1.44 for some 757# blacks. Overall average was $1.36 for 811#.</p><p></p><p>Light calves went for almost the same $ per cwt. so the current value of gain is high. Quick calculation came to $1.18/lb... </p><p></p><p>Some calf producers are talking about back grounding theirs on "hay", but that seems to only get you to 0.5 to 1.0 lb/day in winter, and our local hay prices are going up. On the way to the auction barn I passed by a 4 semi convoy of Iowa trucks loaded with round bales.</p></blockquote><p></p>
[QUOTE="Stocker Steve, post: 947417, member: 1715"] Sold our yearling steers this week. Market was better than I expected. Our top was $1.44 for some 757# blacks. Overall average was $1.36 for 811#. Light calves went for almost the same $ per cwt. so the current value of gain is high. Quick calculation came to $1.18/lb... Some calf producers are talking about back grounding theirs on "hay", but that seems to only get you to 0.5 to 1.0 lb/day in winter, and our local hay prices are going up. On the way to the auction barn I passed by a 4 semi convoy of Iowa trucks loaded with round bales. [/QUOTE]
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