Well we took in 4 feeders Monday to what I will call a local buying station. They buy many animals then resell. We had 2 steers and 2 bulls in the 550-650 range. 3 were black angus and one red angus. Steers brought 90 cents per pound and bulls at 70 cents per pound. They were nice looking animals and I thought the price would have been a little better, but they had to go. Too many animals for the amount of hay we have for the winter. This is in western ny.
- Thread starter 300jk
- Start date
Texas Cowboy
Member
- Location
- Texas
That sounds way low. Here they should have been in the $1.20 to the $1.30 range. Tony
Wish they were higher and probably should have been. We have taken animals there for almost 30 years and had been near market price. Last 2 times not even close. Not sure why or whats going on there, but I dont think well be taking anymore there unless necessary. Too bad cause it was only a 20 minute trip one way.
I've never heard of that type of set up, but I assume you have to expect to get significantly less than the going market price, because that's all they can resell for. Obviously they're not doing it for nothing. I took 5 black and bwf heifers to todays sale so I have it streaming. They're taking a break before starting feeders, but last weeks prices for that sized bulls/steers ranged from 80-169 cwt. Obviously that's a big swing, and whoever is buying yours to resell can only pay you according to what they think the LOWEST price could be on the open market. The only way to know you get a fair price would be to haul them to the sale on your own. Of course I don't know how far that is for you.
This post was edited by MJMJ on 12/08/2021 at 11:52 am.
This post was edited by MJMJ on 12/08/2021 at 11:52 am.
BarnyardEngineering
Well-known Member
- Location
- Rochester, NY
A lot of herds got downsized due to the poor hay crop in some big beef areas in the country. That drives prices down.
Yeah we took a serious hit for sure. We had to get rid of them and not wait. Not enough hay for everything we have even though its not that many. We usually sell to a large farm about a mile away, but he didnt want them. Hes at capacity too. He always pays top dollar and you leave with the cash. Too bad hes backed up too !
I hope you make out good ! Closest sale is about an hour
away or so. Never even tried it. We usually sell 4-6 feeders
to locals who want to raise their own and get market value,
not less. We were in a hurry to dump these before winter.
Were not a big operation. Only had 18 before getting rid of
these 4. Not going to kill what we do, but as a second income
kinda hurts a little. Lesson learned.
away or so. Never even tried it. We usually sell 4-6 feeders
to locals who want to raise their own and get market value,
not less. We were in a hurry to dump these before winter.
Were not a big operation. Only had 18 before getting rid of
these 4. Not going to kill what we do, but as a second income
kinda hurts a little. Lesson learned.
redforlife
Well-known Member
If your selling place ever changes ownership or management, you got to re-evaluate the place, has been my experience. I have seen about as good of place to sell around, turn into the poorest I have seen anywhere in just a simple change of management.
You got took, the way it sounds. I sold 6 whiteface steers, 5 black and 1 red, that weighed 837 and brought $1.535 about 3 weeks ago. Market has stayed the same or steady since.
You really need to work everything, and not be selling 2 steers and 2 bulls at the same time. That cost you $20 a hundred on those 2 bulls right there. And thats your fault, and not the buying stations. The buying station should be able to quote you prices over the phone before you take them there. If not the day before, the morning your going to take them. If you don't like, then don't take them. For the money it sounds like you left on the table this time, you could of hired them to be hauled a heck of alot further away to hit a better market.
A sale barn, or auction place would be alot better place to sell than some sort of transfer station. Likely just somebody just picking them up (buying them) there, and hauling them to the closest sale barn anyways, and re-selling them. Might as well do it yourself, even if you got to hire the hauling done.
You got took, the way it sounds. I sold 6 whiteface steers, 5 black and 1 red, that weighed 837 and brought $1.535 about 3 weeks ago. Market has stayed the same or steady since.
You really need to work everything, and not be selling 2 steers and 2 bulls at the same time. That cost you $20 a hundred on those 2 bulls right there. And thats your fault, and not the buying stations. The buying station should be able to quote you prices over the phone before you take them there. If not the day before, the morning your going to take them. If you don't like, then don't take them. For the money it sounds like you left on the table this time, you could of hired them to be hauled a heck of alot further away to hit a better market.
A sale barn, or auction place would be alot better place to sell than some sort of transfer station. Likely just somebody just picking them up (buying them) there, and hauling them to the closest sale barn anyways, and re-selling them. Might as well do it yourself, even if you got to hire the hauling done.
If your whole area is short on feed, could be the feeder calf market is simply down in your entire area as too many producers are all selling off excess animals at the same time?
Traditionally, feeding livestock have been a way for smaller farms to add value to their low value feed and excess labor. In years of short feed or high priced feed it can pay off big time to sell off excess animal as early as possible even at reduced prices and more than make up the shortfall by selling off the no longer needed feed at a high price.
I wonder if feeder calf market is a bit inflated in other areas where farm income was high this year. With a shortage of new new machinery and new pickups on dealer lots, are some farmers instead buying up seed, fertilizer, pesticides, and maybe feeder cattle at high prices now to spend down some of 2021's extra income and reduce their 2021 income tax payments?
Traditionally, feeding livestock have been a way for smaller farms to add value to their low value feed and excess labor. In years of short feed or high priced feed it can pay off big time to sell off excess animal as early as possible even at reduced prices and more than make up the shortfall by selling off the no longer needed feed at a high price.
I wonder if feeder calf market is a bit inflated in other areas where farm income was high this year. With a shortage of new new machinery and new pickups on dealer lots, are some farmers instead buying up seed, fertilizer, pesticides, and maybe feeder cattle at high prices now to spend down some of 2021's extra income and reduce their 2021 income tax payments?
There is a 90 cent swing in price because that's how much variation there are between calf types and quality. No one here can say what they were worth without seeing them. We can only say they were worth more, simply because they were sold to a jockey. No different that selling collectibles to a pawn shop, convenience costs money.
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