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SO, how do I read the auction reports?
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<blockquote data-quote="Texas PaPaw" data-source="post: 172709" data-attributes="member: 2905"><p>Jon</p><p></p><p>This is a link to the USDA site for the TX feeder cattle reports. </p><p><a href="http://www.ams.usda.gov/mnreports/AM_LS795.txt" target="_blank">http://www.ams.usda.gov/mnreports/AM_LS795.txt</a></p><p></p><p> This is a weekly summary of 20+ auctions in Tx. An updated report comes out late Monday for the previous week. It gives the high, low and weighted average for each class & weight of feeder cattle. As you will see there is a large variation of price within each class. Also, because Texas is such a big state the prices vary based on the distance from a particular auction to the Tx panhandle. Because most feeder cattle end up in the panhandle (or farther north), the farther from the panhandle the lower the price for most feeders. You will not find a price for 1100lb steers because very, very few feeder cattle of this size show up at an auction. My best guess for an 1100lb steer would be around 70 cents/lb. A top 500 lb beef type heifer would have brought about 1.15/lb today in the Waco Tx area. However, it is my observation that unusual or off color individual animals will sell at some discount depending upon what kind of orders the buyers happen to have that day. Belted Galloways usually fall into that catagory. The higher volume auctions will have better odds for this type of order.</p><p></p><p>As others have mentioned, to get the best feel for what you animals will bring, go to the auction and watch animals like yours sell. There is so much variation within each class of animals that an auction report cannot be an accurate indicator of the value of an individual animal with a reasonable degree of reliability. JMO</p><p></p><p>Regards</p><p></p><p>Brock</p></blockquote><p></p>
[QUOTE="Texas PaPaw, post: 172709, member: 2905"] Jon This is a link to the USDA site for the TX feeder cattle reports. [url=http://www.ams.usda.gov/mnreports/AM_LS795.txt]http://www.ams.usda.gov/mnreports/AM_LS795.txt[/url] This is a weekly summary of 20+ auctions in Tx. An updated report comes out late Monday for the previous week. It gives the high, low and weighted average for each class & weight of feeder cattle. As you will see there is a large variation of price within each class. Also, because Texas is such a big state the prices vary based on the distance from a particular auction to the Tx panhandle. Because most feeder cattle end up in the panhandle (or farther north), the farther from the panhandle the lower the price for most feeders. You will not find a price for 1100lb steers because very, very few feeder cattle of this size show up at an auction. My best guess for an 1100lb steer would be around 70 cents/lb. A top 500 lb beef type heifer would have brought about 1.15/lb today in the Waco Tx area. However, it is my observation that unusual or off color individual animals will sell at some discount depending upon what kind of orders the buyers happen to have that day. Belted Galloways usually fall into that catagory. The higher volume auctions will have better odds for this type of order. As others have mentioned, to get the best feel for what you animals will bring, go to the auction and watch animals like yours sell. There is so much variation within each class of animals that an auction report cannot be an accurate indicator of the value of an individual animal with a reasonable degree of reliability. JMO Regards Brock [/QUOTE]
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