Page 19 - MWC 8-11-2022s

MARKET REPORT
JOHNSONGRASS with the act of harvesting or The Midwest Cattleman · August 11, 2022 · P19
continued from page 7 ensiling. Therefore, manag- WHAT’S YOUR BALED auction prices that I have seen.
subjected to drought, and/or ers cannot speed up the time continued from page 9 If you purchased hay for $25/
Feeder Cattle Daily
Live Cattle
frost. During times of stress to safe consumption with me- ton at auction, let it compost
nitrogen cannot be effective- chanical harvest. Patience is on pasture? That “extra” for- for a few months, and then
ly metabolized by the plants the tool that is needed. age may be needed later this spread it on your fields that
and thus can accumulate at Additional information summer to compensate for re- would be the cheapest fertiliz-
levels that are dangerous for about the forage value of duced tonnage later. er on the market today.
animals to consume. In turn, johnsongrass and options Looking at online market-
prussic acid is produced by for control are available by places, it appears that round Know your costs
the plant in response to request from local service bales of hay are going for ap- Knowing your cost of pro-
stress, which is also danger- agencies and educational proximately $40-$50 with an duction is crucial to stay prof-
ous and can lead to animal fact sheets that elaborate unknown weight or quality. itable in times of high input
distress or death. on the complexities of man- With all the costs men- costs. Crop enterprise budgets
Both nitrate and prussic aging johnsongrass. Testing tioned, that does not leave are a great tool to help you cal-
acid levels will dissipate over services are also available much profit margin for the culate your actual costs, and
time after the stress event for managers who have con- farmer unless they are in the help you determine a price for
and can be fed again safely, cerns about nitrate levels in 550-650-pound range. That is your forage.
but managers must be obser- sorghum crops. If you want still better than some of the With all of that taken into
consideration, are
vant and responsive when to learn more about johnson- 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
you valuing your
growing conditions are inhib- grass management or nitrate 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
baled forage appro-
ited by environmental stress. testing, connect with your 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
priately to cover
Nitrates and prussic acids do local Extension office. 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
your costs, make
not dissipate to safe levels
who wait”. I see production numbers staying over last years’ levels until at the they’ve really had time to concentrate on buying feeders. Let’em get caught up a
a profit and not
least the end of the year. Beef shipments have been lagging last years’ levels now 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 This market will rally....wait and see. sell yourself short
report showed exports a whopping 56% lower than last year. This ain’t good. Low on feed? I hope so.
imports and high exports have held this market up all summer. We’re starting to Have a great hay
lose some of that. I just can’t pull the trigger yet on long term bullish hopes. season, and I hope
we get some rain
soon — unless I
Trading commodity futures involves substantial risk of loss
have hay on the
and my not be suitable for all investors. The recommendations
Rich Nelson express opinions of the author. The information they contain is
ground.
Allendale Inc. obtained from sources believed reliable, but is in no way guaran-
815-578-6161 Allendale Inc. teed. The author may have positions in the markets mentioned
including at times positions contrary to the advice quoted herein.
rnelson@allendale-inc.com Opinions, market data, and
Photo: Oklahoma State University
recommendations are subject to change at any time.
What Does this Report Mean to Me?
JUG Livestock Waterers
WesLynn Enterprises
Q #1
What do you think the price of fats will be in April 2011
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
Located 45 mi. SE of Kansas City, Mo on 58 Hwy. east at
going to have to kick in though in order to get it.
Modern Kingsville Livestock Auction Center at Kingsville, MO
Q #2
Due to the recent break in feeders, would you be holding your fall-weaned
calves for a while or letting them go? Make Plans To Attend Our Next
Special Cow & Bull Sale
Answer: What ever happened to the easy questions? This will depend upon your weaning sched-
Performance Tested for over 25 years
Clean Fresh Water Every Time
ule and your available feed supply. I’m long term bullish the feeder market but the “reality” of
Open Bowl Design
- Saturday, August 20th -
right now probably dictates letting them go. If you keep them for an extra 30 days, make sure you
Draw Tube for Natural Drinking Action
Feed Trap Keeps Feed out of Water Reservoir
minimize the grain in the ration. Grow them on good forage....”sell” $4.50 corn. If the fat market
No Flap, Disks or Balls for animal to move
stays sluggish and corn prices don’t moderate, about the only thing you’ve got to hang your hat on
www.weslynn.net
for “higher feeders” is “Hope”. Ph: 515-771-6036 11:00 am
November 6th
On-Line Bidding available at
Auction
Lunch at 11:00 a.m.
CATTLE USA.com
Sale at 12:30
Sale Offering
16 - 2010 Heifer Calves Jan. - May
16 - Breeding Bulls 7 to 18 months RH Standard Lad 0313
16 - Spring Calving Bred Females Solid As A Rock Sire Group
All Consigners & Buyers Welcome
16 - Spring Calving Black Females Reynolds Herefords
Call 816-597-3331 Office
Bred to Hereford Bulls
8 - Fall Calving Pairs 1071 County Road 1231
Rick, Jeremy or Jared Anstine
6 - Show Steer Prospects
Both Horned & Polled Offered Huntsville, MO 65259
816-258-3421 • 816-716-9288 • 816-878-5229
Home: 660-277-3679 • Matt: 660-676-3788
573-641-5270 November 5, 2010 Sale offerings on
Display 3:00 P.M.
• Barb: 660-676-4788
Website: www.kingsvillelivestock.com • email: anstineauction@gmail.com
CHB Dinner at 6:00 P.M.
Call or E-Mail for Catalog Email: reynoldscattle@cvalley.net