Page 20 - MWC 02-25-2021s

MARKET REPORT
Feeder Cattle Daily
Live Cattle
The Midwest Cattleman · February 25, 2021 · P20
Hereford Thrives in an Uncertain Year
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
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
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
Despite the challenges of necessary to make the changes
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
2020, the American Hereford As- to produce the type of product 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
sociation reports breed growth. that their customer’s need and 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
for about a month. Two weeks ago they were 8% lower than last year. This weeks This market will rally....wait and see.
In a year that was anything but then, ultimately, the consumer.
report showed exports a whopping 56% lower than last year. This ain’t good. Low
predictable, Hereford breeders It’s all encompassing.”
imports and high exports have held this market up all summer. We’re starting to
and the American Hereford As-
A drive for genetic improve-
lose some of that. I just can’t pull the trigger yet on long term bullish hopes.
sociation (AHA) continued to ment includes a focus on the
add value to Hereford genetics. female. The Association incorpo-
Year-end reports shared during rated genomic information into Trading commodity futures involves substantial risk of loss
the Association’s recent annual its suite of maternal traits, and and my not be suitable for all investors. The recommendations
Rich Nelson
express opinions of the author. The information they contain is
Allendale Inc.
meeting show their efforts paid female genotypes accounted for obtained from sources believed reliable, but is in no way guaran-
Allendale Inc.
off. almost 60% of the 25,000 geno- teed. The author may have positions in the markets mentioned
815-578-6161
including at times positions contrary to the advice quoted herein.
rnelson@allendale-inc.com Opinions, market data, and
“As the commercial industry types submitted to the organi-
recommendations are subject to change at any time.
has looked to add crossbreeding zation during the fiscal year.“I cattle that are now grading well ford genetics thrive.” Ward adds,
What Does this Report Mean to Me?
“Producers want it all and, with
back into the programs to in- really think that speaks highly in the Hereford breed.”
crease fertility, longevity, dispo- to our breeders’ commitment Benefits in conversion and Herefords, you can ‘Come Home
Q #1
sition — all the things that are to really get the most of the fe- cost of gain have more producers to Hereford,’ use good Hereford
known in Hereford cattle — it’s males that they’re keeping,” utilizing the Association’s com- genetics and take advantage of
What do you think the price of fats will be in April 2011
created a great opportunity for says Shane Bedwell, AHA chief mercial programs – like Here- those opportunities.”
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
us,” says Jack Ward, AHA exec- operating officer and director of ford Advantage – to add value Learn more about additional
going to have to kick in though in order to get it.
utive vice president. breed improvement. “You’ll find to Hereford and Hereford-influ- AHA opportunities or news from
Ward reports the Association about a 20% to 25%, up to a 30%, enced calves. Meanwhile, Certi- AHA’s 2020 Annual Meeting at
Q #2
experienced increases in regis- increase in those maternal traits fied Hereford Beef ® celebrated Hereford.org. You’ll find a series
Due to the recent break in feeders, would you be holding your fall-weaned
its 25th anniversary and anoth- of highlights, including the pre-
trations and memberships this in the last three years.”
calves for a while or letting them go? sentation of more than $150,000
The Association also reports er successful year.
fiscal year, while sale averages
climbed. “The real excitement tremendous strides in other “No matter where you drive in scholarships, as well as breed
Answer: What ever happened to the easy questions? This will depend upon your weaning sched-
within our breed and within our economically relevant traits, in the U.S., you find Hereford honorees and other Hereford
ule and your available feed supply. I’m long term bullish the feeder market but the “reality” of
membership is in its growth,” including carcass. “We’ve made cattle. They’re adaptable, they news. Virtual educational ses-
Ward says.“It’s seen growth be- incredible improvements in work hard. They’re efficient,” sions covering topics from ge-
right now probably dictates letting them go. If you keep them for an extra 30 days, make sure you
cause the breeders have been postweaning growth and end Bedwell notes. “We need efficient nomics to marketing are also
minimize the grain in the ration. Grow them on good forage....”sell” $4.50 corn. If the fat market
committed to genetic improve- product merit,” Bedwell adds. cattle in these times and in our available.
stays sluggish and corn prices don’t moderate, about the only thing you’ve got to hang your hat on
ment and providing the tools “That’s evident in the amount of production system, and Here-
for “higher feeders” is “Hope”. hereford.org
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
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November 5, 2010 Sale offerings on Home: 660-277-3679 • Matt: 660-676-3788
Display 3:00 P.M.
CHB Dinner at 6:00 P.M. • Barb: 660-676-4788
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