Page 25 - MWC 4-20-2023s

LIMOUSIN RESEARCH chutes an extra time or two MARKET REPORT
The Midwest Cattleman · April 20, 2023 · P25

continued from page 21 and both ranches were very
cooperative and helpful try- Feeder Cattle Daily
ing to coordinate their cows Live Cattle
do research on. to set up for the program
3. What was the day-to- and helping round up some
day life like working on the additional help from time to
ranch during phase one of time,” stated Mark.
the project? 5. What has been your
Mark and Tammy spent favorite part of the research
several weeks in Montana project this far?
assisting with the research When asked, Mark an-
project. Mark said, “Each swered, “the ability and the
day primarily consisted of chance to get some actual re-
getting cattle gathered and search done and verify where
facilities set up so we could we are at from a genetic im-
process and sync the cows for provement standpoint as we
not only CIDR insertion but look to gain market share in
also shots. Over the month- the commercial bull business
long period of spreading particularly breeding to En-
out the calving dates on the glish-based cows. The value 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
two ranches, the sync shots of using Limousin cross with placing a bullish tilt to this market for some time now. I may need to temporarily pull-back in feeders. If I owned a feedlot I’d be nervous to say the least. I do feel
the feeder market has overdone it to the downside and it will be tough to break it
place this on “hold” for a while. The higher placements the last three months will
were coordinated to fall on those Angus cows has some 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
different dates because the real advantages.” Mark also in March. Mark said, “We 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
ranch’s calving dates are a stated that one of the most will do parent verification 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
week apart. A good portion enjoyable parts has been on all the progeny, not only This market will rally....wait and see.
for about a month. Two weeks ago they were 8% lower than last year. This weeks
of the month was not only working with the NALF back to the 9 AI sires used,
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
helping our ranch cooper- staff, the NALF board, and but also to the clean-up bulls
lose some of that. I just can’t pull the trigger yet on long term bullish hopes.
ators gather cattle and get Dr. that were hauled to both
their facilities ready, but Weaber all of whom are ranches during phase one.”
also coordinating a correct involved in the same mission Mark’s goal is to have an ac- Trading commodity futures involves substantial risk of loss
calendar to apply the shots and goal, to get this research ceptable conception rate to and my not be suitable for all investors. The recommendations
Rich Nelson
express opinions of the author. The information they contain is
Allendale Inc.
for the sync program. When project accomplished. Every have enough calves to ship this project will benefit Lim- obtained from sources believed reliable, but is in no way guaran-
Allendale Inc.
815-578-6161
you combine the shots with board and staff member at to South Dakota State Uni- ousin Breeders? teed. The author may have positions in the markets mentioned
including at times positions contrary to the advice quoted herein.
rnelson@allendale-inc.com
the AI the cows were run NALF has gone all in on this versity in the fall of 2023 to Mark said he hopes this Opinions, market data, and
recommendations are subject to change at any time.
What Does this Report Mean to Me?
through the chute 4 times.” project and has contributed go on feed and on test. Mark project will help gauge where
Mark and Tammy also spent to its launch in some form of is also looking forward to we are currently at geneti-
quite a bit of time heat de- participation and financial having Allison, Director of cally and find some value to
Q #1
tecting and sorting those backing as well. DNA Processing & Account- the cross and heterosis gain
What do you think the price of fats will be in April 2011
cows that were responding 6. What does the next ing Operations, join them with Limousin on to an En-
on their heats, so they were phase of the research project in Montana for calving sea- glish-based cow herd. “Hope-
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
bred correctly on their AI look like? son to help and utilize her fully, if we are successful and
going to have to kick in though in order to get it.
timing for each breeding When discussing the next skills for the next phase of heterosis is captured enough
Q #2
schedule. phase, Mark explained that the project. He said NALF to show the genetic benefits
Due to the recent break in feeders, would you be holding your fall-weaned
4. What have the people it would involve assisting is also looking forward to on feed performance, carcass
been like to work with on the with the calving and the working with SDSU in the quality, and yield grade ad-
calves for a while or letting them go?
Ranches? DNA identification of the fall of 2023 as the cattle are vantages, we are going to fig-
“They were very coopera- progeny. They will be there shipped to their facilities to ure out if we are beneficial
Answer: What ever happened to the easy questions? This will depend upon your weaning sched-
tive and very good operators to help the ranchers through gain feed performance and on the cross or where we are
ule and your available feed supply. I’m long term bullish the feeder market but the “reality” of
to work with. We took quite the calving period and carcass data. weak and potentially need to
right now probably dictates letting them go. If you keep them for an extra 30 days, make sure you
improve,” Mark stated.
7. What do you hope to
a bit of their time because to identify the cattle and minimize the grain in the ration. Grow them on good forage....”sell” $4.50 corn. If the fat market
of the 7&7 sync process. match up pairs to see what gain from this research proj-
stays sluggish and corn prices don’t moderate, about the only thing you’ve got to hang your hat on
We were going through the their conception rates are ect and how do you think
for “higher feeders” is “Hope”.
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