Page 23 - MWC 8-10-2023s

MLM GELBVIEH grandmother's brother. Great MARKET REPORT
The Midwest Cattleman · August 10, 2023 · P23

continued from page 21 Grandpa hired his brother-in-
law (Meyer's dad) who rented
decision, and you won't see the ground and eventually bought Live Cattle Feeder Cattle Daily
results until he matures and is 160 acres. Just this last year,
siring offspring.” they sold 80 acres of that home
Epley admits there are a place back to me. We actually
lot of breeders who find what live now where Marlin grew
works and pick four or five up. I am thankful to the Meyer
sires and that's what they family for the opportunity to
continue to use, because they not only take over their reg-
know their herd extreme- istered herd, but to have the
ly well. “This year, I used 13 chance to buy back ground that
sires to figure out what works was once in the Epley family, acres of grass, proving his salt. to their operations.
best on our cows,” he said. “It's and to make it our home.” Still, a few things might have “I've learned from them that
going to take a long time and Meyer and Epley reflect on onlookers wondering just how a lot of days you can make
plenty of research to discover the full-circle course of events. this kid is going to step into more money in the office than
what we like the best and what “When I look back on it and Meyer's boots. outside,” Epley said, “by man-
our customers like. Marlin was think of all we've been through “Of course, I have a fear of aging inputs and break-evens.
good about taking care of the – the good years and the bad filling big shoes,” Epley said. And we all know it is easier to
Live Cattle: My thoughts center around this market stabilizing now. I’ve been
customers – almost to a fault. years – it makes me proud to “It's probably the same way make important phone calls Feeder Cattle: All you have to do is look at the corn market for a reason for the
placing a bullish tilt to this market for some time now. I may need to temporarily
I'm hoping to retain those cus- see a young guy take over and Marlin felt when he decided when you're behind the com- pull-back in feeders. If I owned a feedlot I’d be nervous to say the least. I do feel
place this on “hold” for a while. The higher placements the last three months will
tomers and follow his example be excited to get my cows, but to take a leap and do his own puter versus being out in the the feeder market has overdone it to the downside and it will be tough to break it
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
to develop the kind of cattle also have ideas of his own on thing. It's exciting to look at field where something else has 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
they want for their herds.” how to improve upon them.” semen catalogs, see that a cow your attention.” 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
Meyer is encouraging his Epley added, “It means a lot, gets bred, then see the calf Epley doesn't spend as This market will rally....wait and see.
for about a month. Two weeks ago they were 8% lower than last year. This weeks
report showed exports a whopping 56% lower than last year. This ain’t good. Low
long-time customers to stick since I am the seventh gener- on the ground and know he's much time in the office as he
imports and high exports have held this market up all summer. We’re starting to
with the MLM brand under ation on our farm. I've always looking good. Raising a bull or used to. Neither does he spend
lose some of that. I just can’t pull the trigger yet on long term bullish hopes.
new management and to give wanted to carry that on. I love it heifer that's going to end up as many days on the road for
the young producer their sup- and would kind of feel guilty if in someone else's pasture and the marketing company. He's
port. Epley is juggling the chal- six generations before me built produce revenue for them is a significantly more busy with a Trading commodity futures involves substantial risk of loss
lenge to retain MLM's loyal this place up and it got sold to rewarding feeling. But there sizable herd to manage. and my not be suitable for all investors. The recommendations
Rich Nelson
express opinions of the author. The information they contain is
Allendale Inc.
base while implementing a few someone else. I will be carrying is a lot of weight to make the Meyer says he's going to obtained from sources believed reliable, but is in no way guaran-
Allendale Inc.
changes in how the cattle are out their legacy a little differ- right decisions and produce miss the purebred Gelbvieh, teed. The author may have positions in the markets mentioned
815-578-6161

including at times positions contrary to the advice quoted herein.
marketed. ently with the registered Gelb- what someone wants. There's a but he'll still run some com- Opinions, market data, and
rnelson@allendale-inc.com
recommendations are subject to change at any time.
What Does this Report Mean to Me?
“This will be a telling year,” vieh side of things but carrying lot of risk, but a lot of reward.” mercial cattle and keep the
Epley said. “Having a different on the Epley name.” Epley admits, “Most people farm ground going. And he'll
person for MLM customers to There's more at stake than don't think I look like a cattle- see those cows he sold to Epley
Q #1
deal with. It doesn't worry me, his family name. Epley bears man. I'm in my shorts and ten- out on some pastures that re-
What do you think the price of fats will be in April 2011
but it is in the back of my mind the burdened blessing of carry- nis shoes with a pair of pliers main his. So he'll watch them
all the time that they've been ing the MLM Gelbvieh banner. out in the pasture.” too, and call the owner should
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
working with Marlin for 30 “Marlin was surprised that going to have to kick in though in order to get it.
Behind the casual attire, any get out.
years. So, I might be looking at we were going to keep his Epley is a vault of collective The retired seedstock cat-
Q #2
a different customer base.” brand,” Epley said. “It's estab- experience and input from tleman and the new purebred
Due to the recent break in feeders, would you be holding your fall-weaned
The spring 2023 sale includ- lished. People know who it is. Alpha Gamma Rho fraternity owner have pulled off this
ed an auctioneer and online Also, I feel like he's worked so brothers who started their own three-year feat with one big
calves for a while or letting them go?
auction rather than the tradi- hard to build it, I hate to see businesses, to personal em- picture in mind: To continue
Answer: What ever happened to the easy questions? This will depend upon your weaning sched-
tional cowboy private treaty it go away. It's beneficial to us, ployment with Futures One, a the good work and good genet-
auction MLM had employed and it honors his hard work.” grain and livestock marketing ics of MLM Gelbvieh.
ule and your available feed supply. I’m long term bullish the feeder market but the “reality” of
for years. Epley and Meyers Meyer extended his own ap- agency. He'll be keeping the “We've got really good stock,
right now probably dictates letting them go. If you keep them for an extra 30 days, make sure you
agreed it was a step in the right preciation for Epley's potential- day job where he gets to pick we just have to let people
minimize the grain in the ration. Grow them on good forage....”sell” $4.50 corn. If the fat market
direction to incorporate those ity. “Cole is easy to work with,” the brains of dozens of farmers know,” Epley said.
stays sluggish and corn prices don’t moderate, about the only thing you’ve got to hang your hat on
changes during their final sale he said. “We both try to be flex- and ranchers when out on call
together. ible. As far as I can see, we've for “higher feeders” is “Hope”.
“I am glad we did it at his worked well together to make November 6th
last sale,” Epley said, instead this happen. I really can't say
of changing all of the format that we've had any problems. Auction
at the same time with my first He has good work ethic and
sale. And we can already see will do a great job.” Lunch at 11:00 a.m.
that it will work. We sold a Epley has taken note of Sale at 12:30
bull to a guy in Minnesota that Meyer's management and Sale Offering
was not on our mailing list and his genetic selection prowess.
someone we had never talked He's a fan of rotational graz- 16 - 2010 Heifer Calves Jan. - May RH Standard Lad 0313
16 - Breeding Bulls 7 to 18 months
to.” ing, believes in culling tough 16 - Spring Calving Bred Females Solid As A Rock Sire Group
The next sale will be at a and perpetuating the best. 16 - Spring Calving Black Females Reynolds Herefords
new place on some land Epley His background in economics Bred to Hereford Bulls
purchased. The property itself and animal science, commer- 8 - Fall Calving Pairs 1071 County Road 1231
is a harbinger of heritage and cial cattle and row crops are 6 - Show Steer Prospects Huntsville, MO 65259
hope. Epley bought 80 acres off all part of his seedstock pro- Both Horned & Polled Offered
of Meyer's mother. When it all ducer resume. He is presently 573-641-5270 November 5, 2010 Sale offerings on Home: 660-277-3679 • Matt: 660-676-3788
Display 3:00 P.M.
shakes out, Epley explains that enduring a drought, and just CHB Dinner at 6:00 P.M. • Barb: 660-676-4788
“Marlin's dad was my great survived a fire that stole 100 Call or E-Mail for Catalog Email: reynoldscattle@cvalley.net