As cattle prices continue to soar, breaking all previous records, some might wonder why anyone would take animals off winter pasture at 800-850 pounds in mid to late May, and continue them on pasture instead of moving them directly into a feedlot or to the sale barn.
Corn reaching maturity about Oct. 1 will normally dry slowly in the field due to cooler outside temperatures. Standing corn in the field may dry about 1.5 to 3 percentage points per week during October and 1 to 1.5 per week or less during November, assuming normal Upper Midwest weather conditions.
Producers, farmers and elevator operators, along with a number of politicians, are optimistic that an improved reporting system for railroads will at least allow agricultural shippers to see whether they’re getting the same kind of service as oil, coal and other industries.
Cattle buyers limited their efforts Monday to the collection of new showlists. The mid-month offering appears to be generally smaller than last week with only Nebraska showing more ready steers and heifers.
Back in the days of the old West, the Pony Express saw fleet-footed horses and their daring riders charging west through hostile territory to get mail through to its destinations. Now the ponies are pointed east and aimed to charge into hostile territory to deliver a petition to the government.
September came and went, with no final announcement on the Country of Origin Labeling (COOL) dispute held up at the World Trade Organization (WTO). While there has been some speculation among stakeholders and a preliminary document shared with the governments involved, the final decision has yet to be announced.
With the recession diminishing in the memories of the country, and people dissatisfied with waiting any longer to invest, the land market in the intermountain region has decidedly picked up. There is optimism and buyer interest with some looking to invest and others looking to expand.
The second week of October looked an awful lot like the first week in terms of the cattle markets. Cash was slow to start with expectations putting it at higher money, futures continued upwards, feeders sold for more money, and the beef complex gained some ground while still leaving packers in the red.
Thus far for Monday trading has been inactive on very light demand. Not enough sales for a market trend. Last week in the Southern Plains live sales sold at 162.00. In Nebraska live sales sold from 160.00-162.00 and dressed sales sold at 252.00.
Compared to last week, feeder and stocker cattle markets continued to show considerable strength for the start of October which is annually the month with the most pressure from spring-born calf sales.