mn said:
soapweed- how did your bulls sell that you rounded up?
The resale value on bulls isn't quite as rosy as it has been in the past. On August 10th, I hauled five yearlings and four 2-year-olds to the sale. These were all light birthweight bulls that I used on yearling heifers. The yearlings weighed 911 pounds each and only brought $72.25 per cwt. This made the yearling bulls bring $658.20 each, and I had paid $1125 per bull when I bought them. The cost of using these bulls came to $467 per bull, not counting about $20 commision each and transportation costs to get them to the sale. I guess they ended up costing me about $500 per bull for "rent," which is considerably more than has been the case.
The 2-year-olds sold that day weighed 1326 pounds each and brought $55.75 per cwt, or $740 per head. I got two seasons use from them and had 15 months feed cost into them. Original purchase price was $1225 laid in a year ago last May. My "rent" on them was $485 for the two seasons.
The eight yearling bulls I hauled to another sale on the evening of August 18th, to sell the next day, ended up weighing 1002 pounds each. They brought $73.50 per cwt, and dollared out at $736.50 each. Original purchase price on them this spring was $1206, so the "rent" on them came to $470 each.
For comparison's sake, the yearling bulls I sold in early August last year brought $92 per cwt, and a month later they still brought $82 per cwt. On the bright side, I still have all the better bulls left and might keep them for one more year if need be.