Page 23 - MWC 04-01-2021s

MARKET REPORT
Feeder Cattle Daily
Live Cattle
Live Cattle: My thoughts center around this market stabilizing now. I’ve been
Feeder Cattle: All you have to do is look at the corn market for a reason for the
pull-back in feeders. If I owned a feedlot I’d be nervous to say the least. I do feel
placing a bullish tilt to this market for some time now. I may need to temporarily
place this on “hold” for a while. The higher placements the last three months will
the feeder market has overdone it to the downside and it will be tough to break it
have a negative impact on prices yet, so like they say, “All good things come to those
further. The early corn harvest has most feeder buyers in the field and I don’t think
they’ve really had time to concentrate on buying feeders. Let’em get caught up a
who wait”. I see production numbers staying over last years’ levels until at the
little and they’ll head to town.....checkbooks in hand....bulging with “corn” money.
least the end of the year. Beef shipments have been lagging last years’ levels now
for about a month. Two weeks ago they were 8% lower than last year. This weeks
This market will rally....wait and see.

report showed exports a whopping 56% lower than last year. This ain’t good. Low
imports and high exports have held this market up all summer. We’re starting to
lose some of that. I just can’t pull the trigger yet on long term bullish hopes.
and my not be suitable for all investors. The recommendations
Rich Nelson
express opinions of the author. The information they contain is
Allendale Inc.
Allendale Inc.
obtained from sources believed reliable, but is in no way guaran-
teed. The author may have positions in the markets mentioned
815-578-6161

including at times positions contrary to the advice quoted herein.
rnelson@allendale-inc.com
Opinions, market data, and
recommendations are subject to change at any time.
What Does this Report Mean to Me? Trading commodity futures involves substantial risk of loss
ard. We wean our calves in No- utation when you sell cattle. The Midwest Cattleman · April 1, 2021 · P23
vember and unless it’s a tough Even though we don’t retain Q #1
– people really seem to like our cattle, sourced from leading
What do you think the price of fats will be in April 2011
year, we traditionally will not ownership of our feeders, we cattle. Sometimes we will calve Midwestern operations, the
sell them until well after the want the buyers to be pleased our first-calf heifers out and sell Gundys began to find success
Answer: It’s hard to see the forest for the trees here, but peering through the foliage I see $105.00 fats on the horizon for April. Demand is
first of the year. We will run our with their purchases. That way, them as pairs where we know in the Brangus female, driving
going to have to kick in though in order to get it.
feeder calves on pasture and when we bring a load to town, we can control the health of the them to the breed in the early
background them until they’re buyers come and find us, want- cow and calf. Just last week I 2000s. They found over time,
Q #2
about 750-lbs. We follow the ing to know what we brought so took a 13-year-old bull to the the Brangus influence intro-
Due to the recent break in feeders, would you be holding your fall-weaned
ZoetisÆ vaccination protocol they can try to bid on them.” sale barn, so I can honestly tell duced more fleshing ability
and make sure that every sin- Because of their investment calves for a while or letting them go?
my customers the longevity of
into the herd and came with
gle calf we put on the trailer to into high quality Brangus and the Brangus influence is there.” less hair and eye problems,
Answer: What ever happened to the easy questions? This will depend upon your weaning sched-
“The Gundys have long
Joplin is healthy and clean.” Ultrablack® sires, consequen- ule and your available feed supply. I’m long term bullish the feeder market but the “reality” of
equating to cows being bred
In recent years, the Joplin tially, the resulting replace- known the value of the Brangus back quicker and turning more
right now probably dictates letting them go. If you keep them for an extra 30 days, make sure you
market has implemented a ment heifer progeny have female on their Missouri fescue pounds to sell on payday.
operation,” states Gariss.
new EID program with verified brought value to the Gundys. minimize the grain in the ration. Grow them on good forage....”sell” $4.50 corn. If the fat market
“I really can’t explain it,”
After using a combination
feeder calf sales, an opportuni- For over 20 years, the Gundys stays sluggish and corn prices don’t moderate, about the only thing you’ve got to hang your hat on
ty the Gundys did not miss tak- have purchased sires from GE- of Angus and Horned Hereford continued on page 26
for “higher feeders” is “Hope”.
ing advantage of. NETRUST, now GENEPLUS,
“We’ve been affiliated with programs and have been able November 6th
the crew at Joplin since the to raise the kind of quality cat-
mid-1990s. It’s all about rep- tle that attract other producers. Auction
“We’ve sold
some replace- Lunch at 11:00 a.m.
ment females Sale at 12:30
through the com- Sale Offering
mercial female 16 - 2010 Heifer Calves Jan. - May
sale at Chimney 16 - Breeding Bulls 7 to 18 months RH Standard Lad 0313
Rock before,” 16 - Spring Calving Bred Females Solid As A Rock Sire Group
comments Gundy. 16 - Spring Calving Black Females Reynolds Herefords
“But for the most Bred to Hereford Bulls
part, we prefer 8 - Fall Calving Pairs 1071 County Road 1231
6 - Show Steer Prospects
to sell them on- Both Horned & Polled Offered Huntsville, MO 65259
farm. We keep November 5, 2010 Sale offerings on Home: 660-277-3679 • Matt: 660-676-3788
our replacements 573-641-5270 Display 3:00 P.M.
and develop them CHB Dinner at 6:00 P.M. • Barb: 660-676-4788
Call or E-Mail for Catalog Email: reynoldscattle@cvalley.net
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