Market wreck

[backhoeboogie]

Cows were off $2 to 400 yesterday.

Calves were off $150 to $200.

Thank goodness I only had 10 in that sale.

First time all year. I have been faring really well - until now.

 

[BC]

I wouldn't call it a wreck, but definitely softer. I was at Carthage yesterday and they had over 900 (big sale for them). Lots of old cows. Maybe 10 what you would call stock cows. Cows looked $2 to $3 lower than Saturday. Calf market was a little cheaper, but calf quality had a lot to do with that.

Lots of cattle coming to town now. We had over 1600 at Van Zandt Livestock, Buffalo had around 3500 with nearly 1500 cows, Navasota had almost 3700, Emory had around 2500 all on Saturday. Hubbard had a big sale on Monday considering that they had a sale on Labor Day. Sulphur Springs had over 2000 that included about 1300 cows. It was close to midnight before they started on calves according to one of their buyers that I talked to at Carthage. Crockett had almost 3600 with 1300 cows, Corsicana had nearly 1200, Emory had about 2500.

Too many at one time. Cow packers are backed up. Most of the cow packers in Texas are 3 to 5 days behind in processing. Some are not even sending buyers to sales until they catch up. Calf buyers are also getting covered up. Their customers can only process so many and it is getting harder to find places to send calves to grazing.

IT could be a whole lot worse. Remember 1996.

 

[Caustic Burno]

Your right almost had to pay them last drought. I had some hay fall in my lap Monday, now I am debating on picking up some braford or brangus type heifers to hold until next spring. Now thats a crap shoot if the drought continues if it doesn't. Decisions decisions.

 

[stocky]

Slaughter cows were off 6 dollars here, Monday. Calves are off 2 dollars after being off 4-5 last week. It isn't just the fault of the Texas cattle going on the market that is causing the drop. The Texas and Oklahoma cattle have been being sold off for a few months. It is now the addition of Missouri and Arkansas tripling the amount of cattle being sold each week at each barn. With no rain in such a long time, here, the numbers are going way up, here, also. Combined with high numbers in the south, that makes for too many cattle on the market, even though there are not a lot of cattle in the country. A good, ground soaking rain all over would dry up the numbers at the sales barns real quickly

 

[WORANCH]

Im watching market beef sell . 1200lbs up to 1.18

 

[WORANCH]

You can watch the sales at CATTLE USA.COM

 

[bird dog]

What sale you go to boogie, Meridian?

 

[backhoeboogie]

What sale you go to boogie, Meridian?

Most of the time that's where I sell. Have bought a few there but mostly sell there.

Had one 5 weight (nearly 6) mottle face steer that brought $1.31. Had a 3 year old cow drop dead 8 weeks ago leaving me a doggie. Finally got him loaded. Did not have much expectations for him. He brought $161 total. Two more steer were pure brangus 5 weights with nothing wrong. 6 heifers that were heavy 4's light 5's. Check total was $3600 plus after commissions. These same animals have been averaging about $650 each all year.

Mike told me he bought over 400 head - cows- and is shipping them north. He said if he had not done that, it would have been a real wreck. "Wreck" is his words not mine.

Last week's results there look good. This week was awful.

I've only got 50 head left. Think I will sit tight till spring.

 

[highgrit]

Our prices have been falling the last month. Word at the sale barns is there shipping slaughter cows from ya'll to us. South Central's receipts were off by 201 head compared to last year for this week. Usually we receive close to the same money as ya'll for our slaughter cows and bulls, and 10-20$ less for feeders. Hopefully it will start to rain soon, we need it here to.

 

[1982vett]

Your right almost had to pay them last drought. I had some hay fall in my lap Monday, now I am debating on picking up some braford or brangus type heifers to hold until next spring. Now thats a crap shoot if the drought continues if it doesn't. Decisions decisions.

Had some young super-baldies with 300 lb calves couldn't catch a $600 opening bid....dam glad they weren't mine. Problem with them they were already to thin. Not likely to get them bred back anytime soon around here.

 

[bigbull338]

the reason that the maket is so soft is this,80% of all cows coming to town are going to the packer houses.an none are going back to the farm.now fast farward 6 months an the packers will be begging for cows when there are none.this drought will ruin the texas cattle herd for the next 15 to 20yrs.i read somewhere the other day that feeder calves will be bringing $1.30 to $1.70 for the next 2 or 3yrs because of the mass sell off.

 

[1982vett]

the reason that the maket is so soft is this,80% of all cows coming to town are going to the packer houses.an none are going back to the farm.now fast farward 6 months an the packers will be begging for cows when there are none.this drought will ruin the texas cattle herd for the next 15 to 20yrs.i read somewhere the other day that feeder calves will be bringing $1.30 to $1.70 for the next 2 or 3yrs because of the mass sell off.

Should already have been bringing that long ago to keep pace with all the other cost increases....but I guess that is another thread.

But one thing for sure........the drought is re-educating a lot of people....

 

[bigbull338]

yeah this drought is teaching me to keep as much carry over hay as i can.i dont know if ill ever sell much hay once it breaks.

 

[bird dog]

Yes Mr Domel is a darn good sale barn operator. I have seen him being the buyer of last resort a few different times where they just completely ran out of buyers. Some people don't like the barn owners competing against them for cattle but at times it is sure nice to have some one make sure you get a fair price. We watched them go through in Groesbeck last week and they couldn't hardly get a bid for a bunch of three weights some poor guy was liquidating. If I only had some grass.

 

[Chevy]

I think they just going to keep going up and up and up and up! Just don't have a cow! Hold your cows ya'll!

 

[bigbull338]

holding cows right now is wishful thinking in a drought when hay is hard to come by.you hang on till you run out then you cull the herd or sell out completely.

 

[TexasBred]

holding cows right now is wishful thinking in a drought when hay is hard to come by.you hang on till you run out then you cull the herd or sell out completely.

"That's sort of like rearranging the deck chairs on the Titanic".

 

[backhoeboogie]

Got the check in the mail along with the individual breakdown. The steers actual did well. I am pleased with what they brought. It was the light heifers that took the beating.

 

[bigbull338]

holding cows right now is wishful thinking in a drought when hay is hard to come by.you hang on till you run out then you cull the herd or sell out completely.

"That's sort of like rearranging the deck chairs on the Titanic".

well it depends on how you look at it.weve got prolly 30hd thats going tobe sold as soon as it cools off.so we have to feed them till then.then the herd culling will start.an the cattle thats left we will buy feed for to keep.

 

[Chevy]

Sorry, I wasn't thinking about all ya'll in Tx. My bad. Well, ya'll can bring me all your cows! Haha! I got hay!