prices this week

[dieselbeef]

couldn't find the other thread cuz as usual the search wont work..so...


Arcadia Stockyard: Price Trends : Arcadia Stockyard Price Trends














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Arcadia Stockyard: Arcadia Stockyard Price Trends


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Steer # hd Medium & Large Frame Week of Nov. 11, 2015


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56 175 - 275 Avg. Wt. 229 275.00 - 380.00 Avg. 302.23


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111 275 - 350 Avg. Wt. 303 240.00 - 290.00 Avg. 258.49


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139 350 - 425 Avg. Wt. 378 205.00 - 245.00 Avg. 216.72


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99 425 - 500 Avg. Wt. 449 182.50 - 220.00 Avg. 194.67


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61 500 - 575 Avg. Wt. 526 165.00 - 187.50 Avg. 175.21


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47 575 - 700 Avg. Wt. 608 130.00 - 177.50 Avg. 148.62


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Steer # hd Light & Medium Frame


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85 175 - 275 Avg. Wt. 242 210.00 - 285.00 Avg. 255.29


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168 275 - 350 Avg.Wt. 315 190.00 - 245.00 Avg. 221.22


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207 350 - 425 Avg.Wt. 387 165.00 - 210.00 Avg. 190.23


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150 425 - 500 Avg.Wt. 459 150.00 - 185.00 Avg. 171.67


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92 500 - 575 Avg.Wt. 533 120.00 - 170.00 Avg. 142.85


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70 575 - 700 Avg.Wt. 619 95.00 - 135.00 Avg. 116.51


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Heifers # hd Medium & Large Frame


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38 175 - 275 Avg. Wt. 219 215.00 - 345.00 Avg. 253.55


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76 275 - 350 Avg.Wt. 307 185.00 - 220.00 Avg. 197.20


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99 350 - 425 Avg.Wt. 383 170.00 - 210.00 Avg. 182.20


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58 425 - 500 Avg.Wt. 452 160.00 - 230.00 Avg. 173.41


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36 500 - 575 Avg. Wt. 532 157.50 - 260.00 Avg. 179.65


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19 575 - 700 Avg. Wt. 607 140.00 - 200.00 Avg. 168.55


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Heifers # hd Light & Medium Frame


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56 175 - 275 Avg. Wt. 236 160.00 - 220.00 Avg. 196.34


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114 275 - 350 Avg. Wt. 316 150.00 - 190.00 Avg. 173.46


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150 350 - 425 Avg. Wt. 381 140.00 - 175.00 Avg. 159.73


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88 425 - 500 Avg. Wt. 456 135.00 - 162.50 Avg. 148.63


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54 500 - 575 Avg. Wt. 530 125.00 - 162.50 Avg. 145.16


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28 575 - 700 Avg. Wt. 612 110.00 - 160.00 Avg. 131.34


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Slaughter Classes


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39 Cows - Boners 1100-1900 76.00 - 85.00 Avg. 78.90


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92 Cows - Lean 850-1200 69.00 - 80.00 Avg. 74.59


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76 Low Dressing 800-1100 55.00 - 76.00 Avg. 69.92


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16 Shells 650-800 20.00 - 50.00 Avg. 40.56


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6 Bulls - High Dressing 1300-2000 96.00 - 105.00 Avg. 100.75


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6 1000-1299 55.00 - 102.00 Avg. 88.33


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8 Low Dressing Under 1100 55.00 - 86.00 Avg. 79.88


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TOTALS Mon & Wed 2931 Calves 2585 Cows 312 Bulls 34


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[ram]

Does the price of cattle really matter? We have no control over the prices we receive. And the way the market is fluctuating from week to week is killing us. IMO you'd have to be a fool to buy feeders - stockers when you have no idea what the price is doing.

 

[melking]

This was definitely a week to buy at Arcadia. Of course, I didn't have much disposable income.

 

[Bigfoot]

Does the price of cattle really matter? We have no control over the prices we receive. And the way the market is fluctuating from week to week is killing us. IMO you'd have to be a fool to buy feeders - stockers when you have no idea what the price is doing.

I've had a very foolish week

 

[ram]

You have a lot more faith in the market than I do Bigfoot. I've been trying to figure out how the futures work and can't. I know that supply and demand is supposed to drive the price of the commodity, but in cattle that's not been holding true. Bigfoot are you buying cows or calves?

 

[Bigfoot]

Calves.

 

[tom4018]

Calves.

You buy at Guthrie or Hoptown? Bowling Green was cheap this week, prices were better at Guthrie.

 

[dieselbeef]

i was thinkin 4-5 thios weekend ut idk now...its glut time at the market. days are short and the grass is drying up

 

[Stocker Steve]

I've been trying to figure out how the futures work and can't. I know that supply and demand is supposed to drive the price of the commodity, but in cattle that's not been holding true.

The Feb has printed mountains of paper money to reduce interest rates and to increase demand in an effort to prop up financial markets. But existing consumer debt, declining real household income for many, low interest rates for an extended period, and reduced Chinese imports, have created a glut of commodities. Both the beef and the pork supply is up and price in down since last year. Grain is even worse off but La Nina is on the way.

Volatility is less transparent. I know traders are exaggerating both up and down future moves by trying to make $$$ on momentum. I think there are a lot of people who are willing to continue to produce beef at a loss. This can make the cash buyer and the producer unsure of what cattle are really worth. I consigned some calves to a "hot market" early this month and was told 3 days later not to bring them because now the price was tanking... What will they be worth tomorrow?

Seems like all producers will need to improve our marketing game. Grain guys talk about this endlessly. Selling some for future delivery sounds good but futures are much less than cash prices. What do you do with that?

I think it would be good to run a what if cattle budget with an additional 20% price decline.