Page 39 - MWC 2-2-2023s

MARKET REPORT
The Midwest Cattleman · February 2, 2023 · P39

American Gelbvieh Foundation Scale and Feeder Cattle Daily
Live Cattle
Rail Contest and Steer Challenge

The results are in, and with 92% having a yield when selecting Gelbvieh and Balancer Steer # 5353
champions have been award- grade of 1, 2, or 3, 79% grad- Balancer® genetics. Carcass Value: $2,582.74
ed in the 2022 American ing USDA Prime or USDA Quality Grade: USDA Prime
Gelbvieh Foundation (AGF) Choice, and an overall aver- Scale & Rail Contest Yield Grade: 3
Scale and Rail Contest and age marbling score of 479. Results Owned By: Ed Lavarentz
Steer Challenge. The con- The AGF continues to help Sired By: SKF Dunn's
test harvested 90 head from advance the Gelbvieh breed The Scale and Rail Con- Escander 023E
15 participants, awarding through its support of re- test awarded $1,625 in cash
$3,625 total in cash prizes search and development. For prizes and 15 banners to out- Champion Pen of
and 21 banners sponsored by this reason, the AGF contin- standing participants in both Gelbvieh Steers
the AGF. ues its Scale and Rail Con- the Gelbvieh and Balancer Pen Value: $6,700.86
The steers had an excel- test and Steer Challenge. divisions. Pen Quality Grade: USDA
lent overall performance with These two projects provide Choice
an average daily gain of 4.12 the information and funds Champion Average Daily Pen Yield Grade: 2
pounds per head per day and necessary to generate data Gain Gelbvieh Steer Owned By: Post Rock Cattle 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
a dry matter feed conversion sets to advance Gelbvieh car- #218J1 Co. 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
of 6.19:1. The AGF extends a cass merit. Together, these Average Daily Gain: 4.78 Sired By: RNBG 32F9 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
special thank you to Kinsley projects will solidify carcass pounds further. The early corn harvest has most feeder buyers in the field and I don’t think
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
Feeders of Kinsley, Kansas, merit within the Gelbvieh Quality Grade: USDA Champion Pen of 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
Balancer Steers
and Derek Martin, for host- breed and place the cattle in for about a month. Two weeks ago they were 8% lower than last year. This weeks This market will rally....wait and see.
Choice
ing and supporting the con- a more competitive position Yield Grade: 2 Pen Value: $7,071.84
report showed exports a whopping 56% lower than last year. This ain’t good. Low
test. in the beef industry through Owned By: Post Rock Cattle Pen Quality Grade: USDA
imports and high exports have held this market up all summer. We’re starting to
The steers were harvest- providing supplementary lose some of that. I just can’t pull the trigger yet on long term bullish hopes.
Choice
Co.
ed at National Beef in Dodge carcass data on Gelbvieh-in- Sired By: RNBG 32F9 Pen Yield Grade: 3
City, Kansas, and sold on the fluenced genetics. In addi- Owned By: Post Rock Cattle Trading commodity futures involves substantial risk of loss
USPB grid. Thank you to Stu- tion to the data collected and Champion Average Daily Co. and my not be suitable for all investors. The recommendations
Rich Nelson
art Jarvis for donating the knowledge gained from these Gain Balancer Steer # 718 Sired By: JRI Probity express opinions of the author. The information they contain is
obtained from sources believed reliable, but is in no way guaran-
Allendale Inc.
USPB delivery rights. The projects, money raised will Average Daily Gain: 5.04 254D28 Allendale Inc. teed. The author may have positions in the markets mentioned
815-578-6161

including at times positions contrary to the advice quoted herein.
steers had an average hot help to further develop more pounds Opinions, market data, and
rnelson@allendale-inc.com
carcass weight of 973 pounds accurate tools for ranchers Quality Grade: USDA Reserve Champion Pen of recommendations are subject to change at any time.
What Does this Report Mean to Me?
Balancer Steers
Choice
Yield Grade: 3 Pen Value: $6,980.41
Q #1
Owned By: Boehler Gelbvieh Pen Quality Grade: USDA
What do you think the price of fats will be in April 2011
Sired By: SB Shootout 725 Choice
Pen Yield Grade: 3
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
Champion Carcass Value Owned By: Cedar Top Ranch
going to have to kick in though in order to get it.
Gelbvieh Steer # J1K Sired By: CCMF Mr. Pay
Carcass Value: $2,402.37 weight 19C ET
Q #2
Quality Grade: USDA Steer Challenge Results
Due to the recent break in feeders, would you be holding your fall-weaned
Choice
calves for a while or letting them go?
Yield Grade: 3
Owned By: Lucky Cross Participants of the 2022
Answer: What ever happened to the easy questions? This will depend upon your weaning sched-
Steer Challenge were award-
Ranch
ule and your available feed supply. I’m long term bullish the feeder market but the “reality” of
Sired By: VRT Lazy TV Sam ed $2,000 in cash prizes and
right now probably dictates letting them go. If you keep them for an extra 30 days, make sure you
six banners. All five partic-
U451
minimize the grain in the ration. Grow them on good forage....”sell” $4.50 corn. If the fat market
stays sluggish and corn prices don’t moderate, about the only thing you’ve got to hang your hat on
Champion Carcass Value continued on page 42
for “higher feeders” is “Hope”.
November 6th
Auction
Lunch at 11:00 a.m.
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
16 - Spring Calving Black Females Reynolds Herefords
Bred to Hereford Bulls
8 - Fall Calving Pairs 1071 County Road 1231
6 - Show Steer Prospects
Both Horned & Polled Offered Huntsville, MO 65259
November 5, 2010 Sale offerings on Home: 660-277-3679 • Matt: 660-676-3788
573-641-5270 Display 3:00 P.M.
CHB Dinner at 6:00 P.M. • Barb: 660-676-4788
Call or E-Mail for Catalog Email: reynoldscattle@cvalley.net