Private Treaty

[Central Fl Cracker]

If I am buying some feeder steers at 500 lbs and they are currently at 108.21 cwt should I expect the seller to sell them lower than the auction price since I am transporting them and he is saving this cost plus auction commission.

 

[randiliana]

If I am buying some feeder steers at 500 lbs and they are currently at 108.21 cwt should I expect the seller to sell them lower than the auction price since I am transporting them and he is saving this cost plus auction commission.

I would expect the buyer (you) to pay at least the same as the auction price, if not more since you are getting them directly from the seller. The health issues should be less since their stress level will be lower, plus you are getting other info from the seller that you wouldn't get at auction.

He is saving the auction commission and trucking to the auction, but you would have had to pay for trucking FROM the auction to your place anyways.

 

[backhoeboogie]

If I am buying some feeder steers at 500 lbs and they are currently at 108.21 cwt should I expect the seller to sell them lower than the auction price since I am transporting them and he is saving this cost plus auction commission.

There's two ways of looking at this. He probably figures he is saving you from having to wade through the traffic going to a salebarn. He is saving you time that you would have to spend sitting through the auction. You are getting cattle with a known history. He probably figures he is doing you a favor as is. Either way, you'd be dragging a trailer to the sale barn or else to his place.

The price you are paying seems to be a little below the current market prices here locally for Number 1 steers. What exactly are you buying?

If you are getting good steers, and willing to pay the asking price, I'd leave it at that personally. Otherwise you may be compromising "next time." Do you think you'll be doing something similar to this in the future? He will likely talk to others in the business and he's probably been in it for a while.

 

[Caustic Burno]

If I am buying some feeder steers at 500 lbs and they are currently at 108.21 cwt should I expect the seller to sell them lower than the auction price since I am transporting them and he is saving this cost plus auction commission.

There's two ways of looking at this. He probably figures he is saving you from having to wade through the traffic going to a salebarn. He is saving you time that you would have to spend sitting through the auction. You are getting cattle with a known history. He probably figures he is doing you a favor as is. Either way, you'd be dragging a trailer to the sale barn or else to his place.

The price you are paying seems to be a little below the current market prices here locally for Number 1 steers. What exactly are you buying?

If you are getting good steers, and willing to pay the asking price, I'd leave it at that personally. Otherwise you may be compromising "next time." Do you think you'll be doing something similar to this in the future? He will likely talk to others in the business and he's probably been in it for a while.

I would tell him to hit the road, he can bid on them at the barn I aint going to be jewed in my own pasture. I have them, you want them thats the price.

 

[Central Fl Cracker]

Caustic
I get your point I just didn't have a clue on how private treaties work. :shock:

Feeder Steers and Bulls Medium and Large 1-2

Weight Range Avg Wt Price Range Avg Price
200 - 245 217 $150.00-$195.00 164.52
250 - 295 277 $135.00-$177.50 153.17
300 - 345 316 $128.00-$160.00 139.72
350 - 395 370 $115.00-$138.00 126.96
400 - 445 418 $104.00-$130.00 118.60
450 - 495 472 $107.00-$124.00 112.88
500 - 545 520 $100.00-$117.00 108.46
550 - 595 572 $98.00-$114.00 106.38
600 - 640 618 $93.00-$109.00 100.42
655 - 695 674 $95.00-$100.00 97.88
700 - 730 716 $85.00-$102.00 94.73

 

[backhoeboogie]

I would tell him to hit the road, he can bid on them at the barn I aint going to be jewed in my own pasture. I have them, you want them thats the price.

Not only that, if they ever called again I certainly wouldn't give them the time to show them what I had to sale.

Sale barn checks are always good. You never know about private party checks.

 

[bigbull338]

i see you guys point.but your forgetting something.the seller does not have to have the expense of hauling to the sale.an around here haualing is $1.75 ami.plus if he sales at a sale barn he pays the commisson.an hauling plus comission round here is $16 a hd.so the seller may take a $1.05 at the gate.insted of gambling on the 1.08 ave an deducts.

 

[Texan]

Sale barn checks are always good.

Almost always.

 

[Howdyjabo]

Quit worrying about what hes saving-- thats not your business.
Your business is what are you paying for????
and its plenty--
If you can get someone to sell off farm--at stockyard prices--- count your lucky stars-- most won't even bother with the hassel of it.

This is also giving you credit for knowing what not to buy- stockyard or private treaty.

 

[Running Arrow Bill]

We sell ~98% of our registered Longhorn stock via Private Treaty. We have published prices on each animal. We don't sell by pound. Plus, the buyer gets photos, full set of records, and registration transfer, gets to see our operation and how we care for our stock as well as follow-up consultations, etc., as needed.

Also, we probably sell 75% of our stock via our websites.