Today

[gcreekrch]

Second rate northern cattle did well today
https://www.teamauctionsales.com/TEAM-Feeder-Cattle-Sale_as104495

 

[Silver]

Crazy

 

[Dave]

That is crazy high for cattle that size. 990 lb steers for $3465 a head. Someone has real cheap feed and a sharper pencil than I have.

 

[MurraysMutts]

I've heard packers are hurting for animals right now

 

[SBMF 2015]

That is crazy high for cattle that size. 990 lb steers for $3465 a head. Someone has real cheap feed and a sharper pencil than I have.

990lbs @ 3.77 CAD that's $2,583.405 US
If I converted it right.
At a $1/lb to put it on, take them to 1,450. If you’re lucky enough to get $2 lb you’d only lose around $150 hd.

 

[Dave]

The USDA reports the negotiated price on steers average 80% choice.
FOB average 1,512 lbs average price is $1.9773/lb which is $2,989
Delivered average 1,535 for $2.0087 which is $3,083
Dressed average 964 Lbs for $3.1238 which comes to$3,011
Those 990 lb steers converted to USA dollars with a conversion rate of 0.73 brought $2,529.45. That means you have to put a little over 500 lbs on per head for $554 including hauling from the seller and hauling to the processing plan. Also in those costs would be any morbidity and mortality

 

[Dave]

990lbs @ 3.77 CAD that's $2,583.405 US
If I converted it right.
At a $1/lb to put it on, take them to 1,450. If you're lucky enough to get $2 lb you'd only lose around $150 hd.

You beat me to the punch. Sure a gamble I wouldn't want to take. And the numbers I used were for 80% choice. Starting at just under 1,000 lbs they won't be on feed too long. Long enough for 80% to make choice?

 

[SBMF 2015]

You beat me to the punch. Sure a gamble I wouldn't want to take. And the numbers I used were for 80% choice. Starting at just under 1,000 lbs they won't be on feed too long. Long enough for 80% to make choice?

if everything went perfect, figure 140 days on feed. They “should” make choice.

 

[gcreekrch]

The USDA reports the negotiated price on steers average 80% choice.
FOB average 1,512 lbs average price is $1.9773/lb which is $2,989
Delivered average 1,535 for $2.0087 which is $3,083
Dressed average 964 Lbs for $3.1238 which comes to$3,011
Those 990 lb steers converted to USA dollars with a conversion rate of 0.73 brought $2,529.45. That means you have to put a little over 500 lbs on per head for $554 including hauling from the seller and hauling to the processing plan. Also in those costs would be any morbidity and mortality

Our dollars is at or under 70 cents now. Just had a good visit with a friend that feeds 70,000 at Picture Butte Alberta. He had just contracted some fats for $2.73. Those cattle would have been bought several months ago and will make money.

 

[gcreekrch]

We had a good laugh when I told him he said March delivered 825 wts would be $3.30 when I asked him in October.