Manager's Message

SEPTEMBER 9, 2019

  

NOT A LOT OF POSITIVE NEWS TO REPORT AS FAR AS CALF OR YEARLING PRICES. THE MARKET REPORT SHOWS STEERS AT $5 - $20.00 LOWER AND HEIFERS $5 - $15 LOWER. THIS MARKET IS A DIRECT REFLECTION OF WHAT PACKERS ARE PAYING FOR LIVE CATTLE, READY TO BE HARVESTED. WHEN SLAUGHTER-READY STEERS AND HEIFERS ARE BEING BID AT $1.00 OR SLIGHTLY MORE, DEMAND FOR FEEDER CATTLE IS VERY-VERY LOW!  IN SEPTEMBER 2014, BOXED BEEF WAS WORTH $239 PER HUNDRED AND FAT CATTLE WERE BRINGING $155.42 F.O.B. FAST FORWARD TO AUGUST 2019, BOXED BEEF IS STILL AT $239 PER HUNDRED, BUT FAT CATTLE ON AUGUST 26, 2019 WERE BRINGING $107.00.  THE COW/CALF PRODUCER IS BEING HELD CAPTIVE BY THE FEEDLOTS, WHILE THE FEED LOTS ARE BEING HELD CAPTIVE BY THE PACKERS!

HOPEFULLY SOME OF THE CATTLE ORGANIZATIONS AND GOVERNMENT OFFICIALS WILL TAKE NOTICE. STEAKS AND OTHER CUTS ARE STILL COMMANDING HIGH PRICES IN GROCERY STORES, WHILE YOUR CALVES ARE BRINGING LOWER PRICES. OUR ORDER BUYERS HAVE LESS ORDERS AND IT’S JUST A DOMINO EFFECT. I DON’T HAVE THE ANSWERS, AND MY QUESTIONS ARE THE SAME AS YOURS.

THE BRIGHT SPOT WAS THE BRED COWS. MR. TIM WISE SOLD A SUPER NICE GROUP OF HOME RAISED BRED’S. THEY WERE BRED TO A GOOD HORNED HEREFORD OR SIM-ANGUS BULL. BIDDING WAS VERY ACTIVE BY FARMERS WANTING TO TAKE THESE CATTLE HOME.

WE’VE GOT ANOTHER SELL-OUT OF BLACK COWS COMING NEXT WEEK. AGES OF THESE COWS WILL VARY, AS WELL AS THE AMOUNT OF MONTHS BRED. THERE SHOULD BE CLOSE TO 60 HEAD OF THEM BEING CONSIGNED. PICTURES WILL BE AVAILABLE ON FACEBOOK AS WELL AS OUR WEBSITE.

THANKS FOR SUPPORTING US AT S.E.M.L AND WE LOOK FORWARD TO CONTINUING TO SERVE ALL OF OUR PATRONS.

SINCERELY,

MIKE KEENE