Ranchers.net Bull Session

June cattle

Things that come up in the daily operation of a ranch.
redrobin
Member
Member
Posts: 995
Joined: Sat Dec 19, 2009 4:25 pm
Location: arkansas

June cattle

Postby redrobin » Sat Jun 03, 2017 7:39 pm

We had more than an 8 dollar increase in the price on the board this week. Pretty nice move. I expect 3 to 4 dollars more this week unless cash moves higher then I would expect more.

User avatar
gcreekrch
Rancher
Rancher
Posts: 11283
Joined: Thu Feb 21, 2008 11:35 pm
Location: west chilcotin bc

Re: June cattle

Postby gcreekrch » Sat Jun 03, 2017 8:16 pm

We forward contracted 3 loads of calves yesterday. Happy with the prices and we can budget for the year now. Still some left to sell in the fall.
Don't tell people your problems, half of em' don't care and the other half are glad you got em' We can all run the neighbors better'n our own

redrobin
Member
Member
Posts: 995
Joined: Sat Dec 19, 2009 4:25 pm
Location: arkansas

Re: June cattle

Postby redrobin » Sat Jun 03, 2017 9:09 pm

These levels are much more profitable than where we were. Good business to hedge some here.

redrobin
Member
Member
Posts: 995
Joined: Sat Dec 19, 2009 4:25 pm
Location: arkansas

Re: June cattle

Postby redrobin » Mon Jun 05, 2017 6:14 pm

1.25% increase in boxed beef today. Demand for beef is fantastic.

redrobin
Member
Member
Posts: 995
Joined: Sat Dec 19, 2009 4:25 pm
Location: arkansas

Re: June cattle

Postby redrobin » Tue Jun 06, 2017 5:08 am

264.74 is the all time high price for choice boxed beef. Records were made to be broken. Perhaps we can do that before Father's Day. In October of 2014 choice boxed beef was trading at 247.00 and cash fats that week established a new record high trading st 170.00 per cwt.

User avatar
4Diamond
Rancher
Rancher
Posts: 1038
Joined: Fri May 16, 2008 1:10 pm
Location: Missouri

Re: June cattle

Postby 4Diamond » Tue Jun 06, 2017 8:38 pm

Nice pull back today, what's up with that?

redrobin
Member
Member
Posts: 995
Joined: Sat Dec 19, 2009 4:25 pm
Location: arkansas

Re: June cattle

Postby redrobin » Wed Jun 07, 2017 4:01 am

4Diamond wrote:Nice pull back today, what's up with that?

Somebody banged the spread at the close. Fooled the computers it looked like. We'll see more today. The June august spread lost a dollar in a minute. Volume wasn't heavy but still took a big order to do that. Just 1400 head consigned to the fce and I read the show list is smaller.

WB
Member
Member
Posts: 426
Joined: Tue Mar 08, 2005 1:16 pm
Location: North Central S.D.

Re: June cattle

Postby WB » Wed Jun 07, 2017 12:01 pm

I wouldn't view breaking the record as all positive. Consumers will replace beef at some price level. It would be better long term if we were to plateau some time soon.

redrobin
Member
Member
Posts: 995
Joined: Sat Dec 19, 2009 4:25 pm
Location: arkansas

Re: June cattle

Postby redrobin » Wed Jun 07, 2017 7:25 pm

WB wrote:I wouldn't view breaking the record as all positive. Consumers will replace beef at some price level. It would be better long term if we were to plateau some time soon.

Seriously? Have you bought a truck lately?

Traveler
Rancher
Rancher
Posts: 4249
Joined: Thu Apr 05, 2007 1:21 pm

Re: June cattle

Postby Traveler » Thu Jun 08, 2017 6:05 am


mrj
Rancher
Rancher
Posts: 4502
Joined: Mon Feb 21, 2005 9:19 am
Location: SD

Re: June cattle

Postby mrj » Thu Jun 08, 2017 7:12 am

Marketing really isn't a strength for me, leaving that to others in the family, however, doesn't it seem like 'markets' are prone to using ANY excuse to drop???

Reading the link Traveler posted (Thanks, T.) it is interesting how one religion controls what happens in government in India. And how our markets can use basically a news story about what may happen so far away to raise or lower prices for cattle in the USA.

mrj

WB
Member
Member
Posts: 426
Joined: Tue Mar 08, 2005 1:16 pm
Location: North Central S.D.

Re: June cattle

Postby WB » Thu Jun 08, 2017 7:15 am

Seriously, equiliribium of demand will be reached at some point. After that we will start backing product up again. Anyone remember the fall of 2015? The price of trucks has little to do with commodity prices. Yes, I own cattle all the way from baby calves to slaughter ready steers.


Return to “Ranch Talk”

Who is online

Users browsing this forum: Bing [Bot], Google Adsense [Bot], Yahoo [Bot] and 14 guests