Market wreck

[TexasBred]

Market report from down the road a piece:

Cattle Sale Results
Sale Date: 9/13/2011 Head Count: 500

No 1 Steers Cow & Calf Pairs
200-300 lb: 140-156 CWT Choice: 900-1100 PR
300-400 lb: 135-152.50 CWT Med Quality: 750-890 PR
400-500 lb: 120-130 CWT Aged: 600-740 PR
500-600lb: 120-126 CWT
600-700 lb: 118-122 CWT Bred Cows
700 lb & up: NT CWT Choice: 820-920 HD
Med Quality: 700-810 HD
No 1 Heifers Aged: 450-690 HD
200-300 lb: 120-126 CWT
300-400 lb: 120-132 CWT Trends
400-500 lb: 120-133 CWT Stocker Steers: Steady
500-600 lb: 110-118 CWT Feeder Steers: Steady
600-700 lb: 105-110 CWT Stocker Heifers: Steady
700 lb & up: 100-106 CWT Feeder Heifers: Steady
Packer Cows: $5 lower
Packer Cows Packer Bulls: $2 lower
High Yield: 57-65 CWT Cow & Calf Pairs: Weak
Med Yield: 48-56 CWT Bred Cows: Weak
Low Yield: 37-47 CWT
Comments:
Packer Bulls Packers cheaper
High Yield: 66-70 CWT Cows are getting thinner each week and yeilding less
Low Yield 60-65 CWT

 

[JSCATTLE]

Sold a few last Thursday... 475 average weight steers 1.19 heifers 465 lb average 1.12 off about 15$ from last week

 

[backhoeboogie]

JSCattle, You did better than I did.

BigBull, I have been culling all year. The only culls I have left are ones that I can make money on - things like - sell your nurse cow for next to nothing or make money or her.

I am already down to 50 head. Was going to go a little lower but think I am going to sit tight.

Bear in mind that the market has been really good all year. Most of the time I have been getting way more that what I thought was fair. This is the first time I have taken a hit.

 

[bigbull338]

JSCattle, You did better than I did.

BigBull, I have been culling all year. The only culls I have left are ones that I can make money on - things like - sell your nurse cow for next to nothing or make money or her.

I am already down to 50 head. Was going to go a little lower but think I am going to sit tight.

Bear in mind that the market has been really good all year. Most of the time I have been getting way more that what I thought was fair. This is the first time I have taken a hit.

boogie we can only cull down to 20 or 30 cows an heifers that we will have to feed.esp since im not planning on selling the reg cows or heifers.so thatll be 50 to 60hd culled when its done.

 

[cross_7]

prices here seem to holding strong

AM_LS752
Amarillo, TX Fri Sep 16, 2011 USDA Market News

Tulia Livestock Auction Inc - Tulia, TX
Feeder Cattle Weighted Average Report for Thursday - 09/15/2011

Cattle and Calves: 2103 Week Ago: 1992 Year Ago: 3398

******************************************************************************
Due to Texas Department of Agriculture and Texas Livestock Market News Program
budget cuts the following report will now be compiled and released by the USDA
Livestock Market News.
******************************************************************************

Compared to last week: Feeder steers 3.00-5.00 higher, with 650-700 lb
yearlings averaging 6.00 higher. Feeder heifers steady to 2.00 lower where
comparable sales were noted. Slaughter cows 4.00-5.00 lower. Limited test on
slaughter bulls. Trade and demand moderate to good. Although cooler
temperatures and minimal rainfall was recorded this week in the Panhandle,
pasture conditions continue to diminish and feed costs continue to rise. As a
result, producers have been forced to continue culling deeper into their herds.
This has caused slaughter cow numbers to increase by 26% compared to this time a
year ago in the southern regions according to the Livestock Marketing
Information Center. Slaughter cows and bulls made up 15 percent of the
offering, replacement cows less than 1 percent and feeders 84 percent. The
feeder supply included 61 percent steers, 1 percent bulls, and 38 percent
heifers. Near 40 percent of the run weighed over 600 lbs.

Feeder Steers Medium and Large 1
Head Wt Range Avg Wt Price Range Avg Price
31 278-298 290 155.00-161.00 157.22

11 416-448 428 142.00-147.00 143.90
27 483-484 484 136.00-143.25 140.84
23 473 473 147.25 147.25 Fancy

24 523-535 530 139.50-139.75 139.59
65 554-599 570 130.00-139.50 136.50

10 634 634 137.00 137.00
235 657-675 663 136.00-142.25 141.02
16 651 651 120.00 120.00 Fleshy

40 707 707 139.25 139.25

47 809 809 135.25 135.25

Feeder Steers Medium and Large 1-2
Head Wt Range Avg Wt Price Range Avg Price
12 245 245 150.00 150.00
80 305-349 333 136.00-145.00 139.53
32 361-390 371 136.50-142.50 139.04
55 409-440 434 134.00-140.50 136.52
24 457-461 458 137.50-138.00 137.69
17 517-541 527 129.50-134.00 131.41
27 580-598 584 126.00-133.00 130.92
5 600 600 135.00 135.00
3 667 667 133.00 133.00
9 783 783 125.00 125.00