Market Review for Fall 2017
Posted on December 8, 2017 by Ken Lidberg
Market Review for Fall 2017
After Southern British Columbia, Alberta and Saskatchewan suffered from the extreme heat and drought conditions, the fall yearling and calf market surprised the market. The stronger spring and summer slaughter market helped increase profits to feedlot operations. Excellent growing conditions on the irrigation produced record silage and hay crops. Dryland hay only produced one cut, creating a shortage of hay for a big percentage of livestock producers.
The limited supply of yearlings being offered started the fall off quite aggressively as feedlots wanted to get some yearlings bought and on feed early to hit January slaughter market. The yearling market continued steady through out the fall.
The calf market started early and came fast as producers wanted to get the calves off the cows and take advantage of the unexpected calf market. Big silage crops and strong positive feeding margins encouraged feedlots to step into the calf market early. These actions helped keep the calf market strong through out the fall. Most cow/calf producers received an extra $100.00 to $250.00 a head gain per head over last years calf market. The better returns to the cow/calf producers received is encouragement for them to continue in the business. Over all the calf market remained steady from start to finish with the record volumes sold in a short period of time. Cooperation with industry players (producers, truckers, order buyers, feedlots, brand inspectors and auction market staff) need to be commended to handle the big volumes of calves sold in October and November.
Ranchers and farmers continue to cull heavy and preg test their herds to match feed supplies and to save as much grass and feed for the rest of their herds. Slaughter cow prices slid early in October and levelled off and held steady selling in the 75? to 85? with sales to 90?. Some interest started in late November for younger feeding cows and open heifers moving that market upward.
Bred Cows and Heifers
The bred sales started early this year with big volumes being offered for sale. The bred market had a wide range of prices depending on breed quality, age, condition, weight and calving dates.
Bred heifers sold between $1700.00 to $2700.00 with sales to $3100.00.
Bred cows sold between $2000.00 to $2800.00 with sales to $3175.00 on the top end of the young dispersal sales.
2nd, 3rd, & 4th calvers in smaller packages sold between $1800.00 to $2200.00 with odd sales to $2500.00 per head.
Older cows with 3 to 4 calves left in them sold between $1200.00 to $1700.00 with very little interest.
Ranchers and farmers were selective in their replacement purchases just buying what they needed and are going to wait until spring to top up their herd if conditions improve.
In wrapping up the summer & fall of 2017, sellers were pleasantly surprised with the market.
On behalf of Perlich Bros. Auction Market Ltd, Merry Christmas & Happy New Year!
See You in 2018!!