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Price of calves ???

All things considered Philip had a real good sale today. All these prices are reputation strings and load lots.

Steers weighing 474 @ 120.00
Steers weighing 524 @ 117.50
Steers weighing 525 @ 116.50
Steers weighing 523 @ 116.50
Steers weighing 530 @ 117.00
Steers weighing 584 @ 116.00
Steers weighing 597 @ 113.50
all those were black
Red Angus Steers weighing 660 @ 112.25
Heifer mates weighing 605 @ 100.75
Char steers weighing 708 @ 115.25(2 loads)
Char steers weighing 647 @ 114.00

Might not be great but it was better than a train wreck.
They did hammer the plain calves and packages pretty good though.
 
Doug Thorson said:
All things considered Philip had a real good sale today. All these prices are reputation strings and load lots.

Steers weighing 474 @ 120.00
Steers weighing 524 @ 117.50
Steers weighing 525 @ 116.50
Steers weighing 523 @ 116.50
Steers weighing 530 @ 117.00
Steers weighing 584 @ 116.00
Steers weighing 597 @ 113.50
all those were black
Red Angus Steers weighing 660 @ 112.25
Heifer mates weighing 605 @ 100.75
Char steers weighing 708 @ 115.25(2 loads)
Char steers weighing 647 @ 114.00

Might not be great but it was better than a train wreck.
They did hammer the plain calves and packages pretty good though.
Click to expand...

Yeah those Phillip and S.D. prices often make me jealous as being closer to the feedlots they are usually pretty nice in comparison to up here..But it doesn't look like Miles City was too hot yesterday- as everything off $20+ over last year....

STEER CALF
GUINNANE RANCH , ALDER 4 BLK-STRCF 351 $125.00 /Cwt
MICKIE OR MICHELE COLE , MILES CITY 15 BLK-STRCF 380 $124.00 /Cwt
GUINNANE RANCH , ALDER 19 RD/BK-STRCF 436 $117.50 /Cwt
WILLIE MURNION , BILLINGS 5 BLK-STRCF 453 $114.00 /Cwt
MICKIE OR MICHELE COLE , MILES CITY 41 RD/BK-STRCF 463 $112.50 /Cwt
WILLIE MURNION , BILLINGS 44 BLK-STRCF 525 $110.00 /Cwt
CASEY OR KLASNA , FALLON 5 BLK-STRCF 517 $109.00 /Cwt
C GUS & KAREN L GLASSCOCK , COHAGEN 40 BLK-STRCF 560 $105.00 /Cwt
GUINNANE RANCH , ALDER 64 BK/BWF-STRCF 559 $105.00 /Cwt
JERRY TWITCHELL , WINNETT 9 BLK-STRCF 550 $104.50 /Cwt
WILLIE MURNION , BILLINGS 9 BLK-STRCF 599 $104.00 /Cwt
C GUS & KAREN L GLASSCOCK , COHAGEN 10 BLK-STRCF 593 $102.75 /Cwt
STEVE KEMBEL , HUNTLEY 9 BLK-STRCF 604 $102.00 /Cwt
GUINNANE RANCH , ALDER 17 BLK-STRCF 614 $98.75 /Cwt
CHARLOTTE MILLER , BROADUS, 4 BLK-STRCF 674 $94.25 /Cwt

============================
HEIFER CALF

JERRY TWITCHELL , WINNETT 2 BLK-HFRCF 388 $112.00 /Cwt
MICKIE OR MICHELE COLE , MILES CITY 8 BLK-HFRCF 343 $111.00 /Cwt
TAMMY (BURK) WARD , FALLON 7 BLK-HFRCF 508 $108.00 /Cwt
GUINNANE RANCH , ALDER 20 BK/BWF-HFRCF 403 $104.50 /Cwt
MICKIE OR MICHELE COLE , MILES CITY 21 BLK-HFRCF 416 $104.50 /Cwt
WILLIE MURNION , BILLINGS 70 BLK-HFRCF 504 $101.00 /Cwt
GUINNANE RANCH , ALDER 49 BLK-HFRCF 492 $100.75 /Cwt
C GUS & KAREN L GLASSCOCK , COHAGEN 25 BLK-HFRCF 517 $100.25 /Cwt
WILLIE MURNION , BILLINGS 5 BLK-HFRCF 534 $100.00 /Cwt
GUINNANE RANCH , ALDER 11 BLK-HFRCF 539 $98.75 /Cwt
 
Kind of hard to compare as those look like packages where all of what I listed was #55,000 loads. What I listed was close to $20 down from the first sale last year but only a few dollars off the November sales around here last year.
 
Doug Thorson said:
Kind of hard to compare as those look like packages where all of what I listed was #55,000 loads. What I listed was close to $20 down from the first sale last year but only a few dollars off the November sales around here last year.
Click to expand...

From sitting in the Miles ring- those are the "Tops"- as thats what they usually post- out of 1400 head......Miles can usually figure $5 down because of trucking- and up here can usually figure another $5 down- except with the price of fuel this year I have no idea how much they're dropping up here......

I talked to 2 ranchers today that have multiple loads of black calves at 550 and 600 each- good calves- all multiple years of using top bulls and A.I.- and they can't get their long term buyer to give them $1.05 for Nov 1-15 delivery...

I talked to a buyer from S.D. today that has bought a lot of my calves- and he's not even coming to the sale this week- no offers- nobody selling, so no cattle coming in....

Heres Billings today for comparison-again no big bunches showing- But this looks sad :(


Feeder Steers Medium and Large 1
Head Wt Range Avg Wt Price Range Avg Price
15 419-424 421 109.75-110.00 109.83
25 455-491 483 103.00-109.00 104.88
50 529-546 534 99.50-103.00 102.49
6 528 528 88.50 88.50 Full
3 592 592 92.00 92.00
5 608 608 94.50 94.50 Calves
19 676-685 678 91.50-92.25 91.70 Calves
5 1051 1051 88.25 88.25

Feeder Steers Medium and Large 1-2
Head Wt Range Avg Wt Price Range Avg Price
5 484 484 84.00 84.00 Full
10 846 846 97.50 97.50
5 927 927 87.50 87.50
3 955 955 93.75 93.75

Feeder Heifers Medium and Large 1
Head Wt Range Avg Wt Price Range Avg Price
5 389 389 89.50 89.50 Full
16 420-445 428 89.00-92.50 91.36
37 470-496 490 88.50-90.75 90.15
5 494 494 84.50 84.50 Full
18 504-527 517 88.00-95.00 91.97
4 513 513 84.00 84.00 Full
12 556-560 557 89.00-91.00 89.67
4 576 576 83.75 83.75 Full
6 622-643 632 85.00-85.50 85.25 Calves
8 746 746 93.00 93.00
8 970 970 90.50 90.50 Full
10 1033 1033 88.75 88.75

Feeder Heifers Medium and Large 1-2
Head Wt Range Avg Wt Price Range Avg Price
6 514 514 90.00 90.00
4 825 825 92.00 92.00
Click to expand...
 
Market Scan
Farmer Mac's Amber Waves Of Pain
Ruthie Ackerman, 10.01.08, 8:31 PM ET

Federal Agricultural Mortgage Corp.

The agricultural sector swept in and bailed out its own Wednesday at a time when farmers are feeling the impact of the credit crunch.

Federal Agricultural Mortgage (nyse: AGM - news - people ), the rural cousin of Fannie Mae (nyse: FNM - news - people ) and Freddie Mac (nyse: FRE - news - people ) announced a $65.0 million capital infusion from a group of banks on Wednesday.

Federal Agricultural Mortgage, which is also known as Farmer Mac and was created by the U.S. government as a secondary market for agricultural real estate and rural housing mortgage loans, saw its shares soar 65.6%, or $2.69, to $6.79, on Wednesday, but that will be cold comfort to investors who paid more than $30 for it in August. The shares held up well until last month, when the Treasury took control of Fannie Mae, in which Farmer Mac held preferred shares.

The Farm Credit System, which is a federally chartered network of borrower-owned lending institutions, purchased $60.0 million in preferred stock of Farmer Mac. In addition $5.0 million of Farmer Mac senior cumulative perpetual preferred stock has been purchased by Zions Bancorporation (nyse: ZBPRA - news - people ) of Salt Lake City.

"Farmer Mac enhances the availability of agricultural mortgages, and more recently, rural utility loans, thereby assisting in the steady and dependable flow of capital to American farmers and ranchers and rural America," said Robert B. Engel, chief executive officer of CoBank, one of the Farm Credit System institutions. He was speaking on behalf of his fellow Farm System Bank presidents.

Meanwhile, just as Farmer Mac got a bailout on Wednesday, U.S. Agriculture Secretary Ed Schafer said the credit crunch may impact agricultural production next year.

Schafer warned that the costs of farming have soared and without loans it may be difficult to pay for operations. According to the U.S. Department of Agriculture, farm expenses are expected to rise 16% to $294.8 billion this year.

Engel said "agriculture is a key economic driver in our economy, providing food, thousands of jobs and biofuels that help make our nation more energy-independent," which is why the Farm Credit System wants to ensure that U.S. agriculture has the capital it needs to survive.

As fertilizer and seed companies such as Potash, Agrium (nyse: AGU - news - people ), and Mosaic (nyse: MOS - news - people ) continue to raise price due to soaring fuel prices, higher costs of borrowing and supply concerns, farmers feel the pain.

Last month, Farmer Mac plummeted after it filed a document with the U.S. Securities and Exchange Commission saying it would incur charges due to its exposure to Fannie Mae securities. The agency owned $47.2 million of Fannie Mae preferred shares at the end of June. About $44.0 million of value has been wiped off those shares, whose dividends are being suspended as Washington opted to support Fannie and Freddie bondholders at the expense of owners of those companies' common and preferred shares. (See " Farmer Mac Mowed Over By Fannie.") Farmer Mac said last week it also had exposure to Lehman Brothers Holdings (nyse: LEH - news - people ), which filed for bankruptcy last month, and may suffer a substantial write-down.

Farmer Mac also announced Michael A. Gerber will now serve as acting president and chief executive, replacing Henry D. Edelman, who was the only president and CEO that Farmer Mac had ever had.

Farmer Mac said Gerber will continue as CEO of Farm Credit of Western New York, an association in the Farm Credit System.

http://www.forbes.com/markets/2008/10/01/farmer-mac-closer-markets-equity-cx_ra_1001markets43.html
Click to expand...
 
Hey Denny if I had a contract today for those prices at those weights I would have been running to the mailbox instead of posting such an envious claim. P.S. How many loads do they want?
 
Cattle ranchers feel pinch of credit crunch



By Jerry Bieszk - Analysis

Reuters

Wed Oct 1, 2008



CHICAGO (Reuters) - Tight credit and high wheat prices are preventing ranchers and farmers from placing their cattle at feedlots and from grazing them on wheat pastures, which could continue to weaken prices for the animals.



The credit crisis has made it tough for ranchers and farmers to place their "feeder" cattle at feedlots to be fattened on corn and other feed before slaughter, with deposit requirements doubling in some cases to 40 percent of the cost.



Feeder cattle weighing at least 800 pounds are usually sent to feedlots to be bulked up, while those weighing less normally graze on wheat pastures to gain weight on a lower-cost budget.



As a result, producers of cows and calves are finding less demand for feeder cattle, which is weighing on prices as supplies build. There has also been reduced interest from feedlots, which also need bank loans to run their operations.



"Bankers are showing reluctance to finance cattle that in the end have shown losses. With credit tightening, they have backed off," said Lane Broadbent, livestock analyst at KIS/OKC Trading in Oklahoma City, Oklahoma, a center for livestock auctions.



At the Oklahoma City feeder auction on Monday, feeder steers and heifers under 800 lbs sold $2 to $3 per cwt lower than the previous week and those over 800 lbs were $4 to $5 lower. Steer and heifer calves sold $4 lower, with instances of $8 lower.



Chicago Mercantile Exchange feeder cattle futures for delivery from October through January fell to contract lows in electronic trading on Monday before bouncing back on Tuesday. Futures prices fell again on Wednesday.



"We have been concerned and cautious here for a few months just because of the input costs that all of our customers have seen increase dramatically," said Robert York, president of National Livestock Credit Corporation. "The cattle feeders have been losing money for several months now.



National Livestock Credit Corp, located in Oklahoma City, finances the cattle industry, all the way from cow-calf operations to feedlots.



LENDERS CAUTIOUS



"But with the current situation in the financial markets, everybody is definitely taking a stance that they (lenders) are going to be a lot more cautious," York added.



York noted that although longer-term financing is being interrupted, short-term financing has been continuing.



"We're a small institution and I think that in some of the bigger institutions there may be more emotion in some of these credit decisions because of other things the banks have to contend with other than their agricultural clients," he said.



Broadbent said feeder cattle prices had fallen $15 per cwt in the last four to five months. He noted that feeders weighing 800-850 lbs and graded Medium and Large 1 traded at $100.80 at the closely watched Oklahoma City feeder auction, down from $115.25 per cwt last year at this time.



Light-weight feeders, weighing 500-550 lbs, were trading at $110.15, down from $121.20 per cwt last year, he said.



"It's (financing) been a lot of trouble," said Jim Sauter, CME feeder cattle futures trader. "I know one individual who feeds (cattle at feedlots) regularly told me he used to be able to put 20 percent down for feeders and now they want him to put down 40 percent -- and he's a good customer.



"It's dragging prices down and left a lot of players out of the market on the sidelines. So it's also taking some volume and liquidity away from the pit," said Sauter.



Apart from the credit crunch, ranchers and farmers are finding it difficult to graze their cattle on wheat pastures.



Chicago Board of Trade wheat futures hit a record high of $13.34-1/2 per bushel on February 27, and even though they were trading below $7 on Wednesday, prices are more than double those at the end of 2005 of $3.39-1/4.



CBOT corn futures rose to a record high of $7.65 on June 27, but have fallen to below $5, which is still more than double the $2.15-3/4 at the end of 2005.



"A lot of these farmers are not wanting to graze their wheat as hard because they see these wheat prices high. When you put cattle on wheat it will damage the wheat three to five bushels or even seven bushels an acre, and at $8 wheat they don't want to put cattle on wheat," Broadbent said.



But with the drop in prices for light-weight feeder cattle, traders were expecting a pickup in demand.



"We're finally getting these (light-weight) feeders down to where they are getting to be property to own. These light calves, 300 to 500 lb steers and heifers, have been the best value they have had in the last three to four years," Broadbent said.



It may be some time before the economy and financing improve enough to increase demand for all types of feeders.



Demand for relatively high-priced beef tends to wane in tough economic times as consumers cut back on spending.



(Reporting by Jerry Bieszk, editing by Matthew Lewis)



reuters.com
Click to expand...
 
Calf prices took a big hit at Miles City yesterday... :( :(

STEER CALF
RHINEHART CLARK D AND JAN , BIG HORN 14 BLK-STRCF 285 $119.50 /Cwt
RHINEHART CLARK D AND JAN , BIG HORN 2 BLK-STRCF 355 $116.25 /Cwt
DARREL OR TAMMY LUTHER , FORSYTH 20 RD/BK-STRCF 379 $115.00 /Cwt
DARREL OR TAMMY LUTHER , FORSYTH 49 BK/BWF-STRCF 450 $114.25 /Cwt
WARD JOEL JACKSON , GLENDIVE 10 HERE-STRCF 347 $112.50 /Cwt
CHARLES OR PEGGY STEADMAN , MILES CITY 28 BLK-STRCF 361 $111.00 /Cwt
WARD JOEL JACKSON , GLENDIVE 28 HERE-STRCF 409 $109.00 /Cwt
CHARLES OR PEGGY STEADMAN , MILES CITY 106 BLK-STRCF 460 $106.50 /Cwt
AARON HELM , MILES CITY 39 BWF-STRCF 465 $105.50 /Cwt
ADRIAN OR E.I. NEWMAN , BALLANTINE 3 BLK-STRCF 503 $100.00 /Cwt
DARREL OR TAMMY LUTHER , FORSYTH 38 BLK-STRCF 538 $99.25 /Cwt
JOSH MURPHY , CIRCLE 23 BLK-STRCF 519 $97.75 /Cwt
JOSH MURPHY , CIRCLE 20 BLK-STRCF 587 $97.25 /Cwt
VIRGINIA RONNING , MILES CITY 14 BLK-STRCF 582 $95.50 /Cwt

===========================================
HEIFER CALF
DARREL OR TAMMY LUTHER , FORSYTH 4 BLK-HFRCF 329 $104.00 /Cwt
CHARLES OR PEGGY STEADMAN , MILES CITY 19 BLK-HFRCF 360 $101.00 /Cwt
LORIN & JILL KRASS , HOGELAND 7 BK/BWF-HFRCF 402 $97.00 /Cwt
CHARLES OR PEGGY STEADMAN , MILES CITY 80 BLK-HFRCF 417 $96.75 /Cwt
JOSH MURPHY , CIRCLE 9 BLK-HFRCF 434 $94.00 /Cwt
AARON HELM , MILES CITY 13 BWF-HFRCF 378 $94.00 /Cwt
CHARLES OR PEGGY STEADMAN , MILES CITY 53 BLK-HFRCF 488 $93.75 /Cwt
JOSH MURPHY , CIRCLE 40 BLK-HFRCF 509 $92.50 /Cwt
AARON HELM , MILES CITY 21 BWF-HFRCF 469 $91.50 /Cwt
AARON HELM , MILES CITY 14 BWF-HFRCF 505 $90.00 /Cwt
Click to expand...
 
was a little better here,gettin worse gcreek...
shipped end of sept before the rush...
avg-wt avg-$-wt avg-$-hd
steers 741 98.13 726.69
heifers 712 82.94 587.47

hi was a dollar even and low was 60c on a cull heifer that hurt the average for them.prices had already dropped 10c/lb from the week before...

where do we go from here?
 
I just spent the morning at the local stockyards-- everything down- cows, calves, bulls...Not much for calves to get a good idea except for sad...Some of the normal calf buyers weren't even bidding on them...

I talked with one buyer who said there are just more calves than there is cash right now....He said he was in Three Forks yesterday and the tops was a real good load of 630# black steers that brought $80... :( :cry:

Problem is-there is no extra hay or feed out there in our area anyway-so when folks run out of grass, they're probably going to have to go with them....

And on top of it they are predicting snow for our area this weekend- and a winter storm watch for central and southern Montana and Wyoming....And talk of a FOOT of snow.... :shock:
RAIN IS EXPECTED TO DEVELOP THIS AFTERNOON OR EVENING...AND CHANGE
TO OR MIX WITH SNOW BY LATE EVENING OR OVERNIGHT. PRECIPITATION
WILL TURN TO ALL SNOW BY FRIDAY. SNOW ACCUMULATIONS TONIGHT WILL
LIKELY RANGE FROM NO ACCUMULATION TO 3 INCHES...WITH GREATEST
AMOUNTS OVER THE HIGHER RIDGES. A PROLONGED PERIOD OF OCCASIONALLY
HEAVY SNOW IS THEN POSSIBLE FROM FRIDAY THROUGH THE UPCOMING
WEEKEND. THE POTENTIAL EXISTS FOR UP TO A FOOT OF SNOW ACROSS MUCH
OF THE AREA BY THE TIME THE SNOW TAPERS OFF SUNDAY NIGHT. ONE TO
TWO FEET OF SNOW IS POSSIBLE ALONG THE EASTERN FOOTHILLS OF THE
BIG HORN MOUNTAINS AND NEAR THE PRYOR MOUNTAINS.
Click to expand...
 
I am listening to the Mobridge Livestock sale as I sit here and work and they are way better than that. Just watched a good load of 546 lbs steers sell for $107 and a load of 638 lbs steers sell for $106.75.
 
Another load of steers just sold weighing 611 lbs of 84 head for $107.75

Their heifers just sold - 70 head weighing 557 lbs sold for $101
 
BRG said:
I am listening to the Mobridge Livestock sale as I sit here and work and they are way better than that. Just watched a good load of 546 lbs steers sell for $107 and a load of 638 lbs steers sell for $106.75.
Click to expand...

I always figure Phillip or Mobridge as about a nickel to a dime higher than up here just because of transportation cost...Probably be higher this year- but it shouldn't be $26 higher I would think...

The SD buyer that normally buys 50% of the calves out of this area wasn't even bidding on calves...Just cows and I think he bought a few yearlings, but they were stealing them too...
 
I had a call from a small family lot in south west Nebraska that are looking for 3000 head to custom back ground. If that will help anyone let me know and I will help get them together.
 
We got a load of 518 lbs steers today for $112.50 from a good bull customer. Their heavy group weighed 607 lbs and they had 99 head of them and they sold for more than the group we got. They brought $112.75. Then their heifers came through and they had 83 head weighing 567 lbs and they brought $123.00/cwt. These are the top of the line cattle and they were souse and age with the Red Angus tag as well.
 

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