Page 27 - MWC 04-22-2021s

MARKET REPORT The Midwest Cattleman · April 22, 2021 · P27

Quality Pays on
Live Cattle Feeder Cattle Daily
the Rail with

Commercial

Limousin Genetics

By Jaclyn Krymowski
To be competitive in the is especially of inter-
United States beef mar- est to producers be-
ket, quality needs to be at cause it indicates the
the forefront of production true value of a carcass
goals. This begins at the based on its efficiency,
cow/calf level and goes all or the meat making
the way through the feedlot money when compared Feeder Cattle: All you have to do is look at the corn market for a reason for the
Live Cattle: My thoughts center around this market stabilizing now. I’ve been
sector. to the amount of use- 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
To set an industry and less backfat that must
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
consumer standard, the be cut off and discard- further. The early corn harvest has most feeder buyers in the field and I don’t think
have a negative impact on prices yet, so like they say, “All good things come to those
who wait”. I see production numbers staying over last years’ levels until at the
United States Department ed. Besides an import- they’ve really had time to concentrate on buying feeders. Let’em get caught up a
least the end of the year. Beef shipments have been lagging last years’ levels now
of Agriculture (USDA) has ant measure of profit- little and they’ll head to town.....checkbooks in hand....bulging with “corn” money.
for about a month. Two weeks ago they were 8% lower than last year. This weeks
established a voluntary ability, yield grade is This market will rally....wait and see.

report showed exports a whopping 56% lower than last year. This ain’t good. Low
quality grade scale which also an excellent tool
imports and high exports have held this market up all summer. We’re starting to
spans eight categories from to highlight beef ef-
lose some of that. I just can’t pull the trigger yet on long term bullish hopes.
Prime through Canner. ficiency and sustain-
Beef producers aim for the ability when speaking
top two places, Prime and with consumers. This Trading commodity futures involves substantial risk of loss
and my not be suitable for all investors. The recommendations
Choice, to maximize prof- scale goes from Yield Grade Not only do these charac- fied Angus Beef branded
Rich Nelson
express opinions of the author. The information they contain is
Allendale Inc.
obtained from sources believed reliable, but is in no way guaran-
Allendale Inc.
its from the premiums at- 1 (most desirable with the teristics make the Limou- program. In all, 44% of the
teed. The author may have positions in the markets mentioned
815-578-6161

tached to these grades. Ul- least amount of fat trim- sin breed attractive to beef group was eligible for the
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. they were
timately, these higher-end mings) down to Yield Grade breeders and producers, brand, meaning
grades indicate a product 5 (least desirable with ex- they also make for desir- in the upper two-thirds
What Does this Report Mean to Me? bulls who Choice bracket and above.
which is superior according cessive fat trimmings). able commercial
to the three universal mea- Limousin beef is compet- are extremely marketable The group ranged from
Q #1
sures of beef quality. These itive on both these scales when used in crossbreeding Yield Grade 2 through 4
What do you think the price of fats will be in April 2011
three measures are tender- thanks to the breed’s char- programs. with 22% making an admi-
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
ness, juiciness and flavor. acteristics which combine The entire concept of rable Yield Grade 2.
going to have to kick in though in order to get it.
Because marbling, the re- heavy muscling with low crossbreeding has been ex- In July of this year, a
sult of both genetic capa- fat. Together, this results plored and utilized for a group of Limousin heif-
Q #2
bilities and proper feeding, in a carcass both highly long time. Geneticists say ers was also harvested at
Due to the recent break in feeders, would you be holding your fall-weaned
contributes to all of these, it lean and efficient with a the “hybrid vigor” of two the same Tyson plant. The
calves for a while or letting them go?
is considered a pillar of beef fine marbling and flavor breeds, especially when group averaged 1,326 lbs.
grading and quality. throughout. Consistent- they have growth and car- on the hoof and dressed at
Answer: What ever happened to the easy questions? This will depend upon your weaning sched-
cass characteristics that 63.45%. An admirable 20%
Another voluntary scale ly, Limousin beef has been
ule and your available feed supply. I’m long term bullish the feeder market but the “reality” of
the USDA has in place lauded for its taste earn- complement one another, of this group was Certi-
right now probably dictates letting them go. If you keep them for an extra 30 days, make sure you
is the yield grade system ing numerous awards when makes for a more optimal fied Angus Beef eligible,
based on the cutability of a compared alongside other commercial animal who can three percent of which were
minimize the grain in the ration. Grow them on good forage....”sell” $4.50 corn. If the fat market
carcass. This measurement breeds. add serious benefit to the Prime. This group also have
stays sluggish and corn prices don’t moderate, about the only thing you’ve got to hang your hat on
for “higher feeders” is “Hope”. bottom line. exceptional Yield Grades,
One such hybrid, the with three percent scoring
November 6th
Lim-Flex, which is a Limou- a 1 and 25% scoring 2.
sin X Angus cross, proves to How do all these num-
Auction
be an exceptional, superior bers payback the produc-
crossbred. er? This heifer group met
Lunch at 11:00 a.m.
Earlier this year in June, a base market price of
commercial Lim-Flex steers $158.42 dresssed, per hun-
Sale at 12:30
were harvested at a Tyson dredweight. But because of
Sale Offering
plant in Lexington, Neb., the high quality resulting
16 - 2010 Heifer Calves Jan. - May
RH Standard Lad 0313
after being finished on a in Certified Angus Beef,
16 - Breeding Bulls 7 to 18 months
commercial feed yard. The the group got a premium
Solid As A Rock Sire Group
16 - Spring Calving Bred Females
Reynolds Herefords
16 - Spring Calving Black Females
group averaged 1,404 lbs. of $3.08/cwt. or $25.90 per
Bred to Hereford Bulls
live weight and dressed at head, bringing the actual
8 - Fall Calving Pairs
1071 County Road 1231
65.2%. The entire group price received at $160.50/
6 - Show Steer Prospects
graded either Choice or cwt. Huntsville, MO 65259
Both Horned & Polled Offered
Prime. Home: 660-277-3679 • Matt: 660-676-3788
November 5, 2010 Sale offerings on
573-641-5270 Because they were Angus
Display 3:00 P.M.
crosses, these animals were • Barb: 660-676-4788
CHB Dinner at 6:00 P.M.
Call or E-Mail for Catalog
candidates for the Certi- Email: reynoldscattle@cvalley.net