Page 28 - MWC 03-11-2021

MARKET REPORT
Feeder Cattle Daily
Live 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
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
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
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
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
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.
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

imports and high exports have held this market up all summer. We’re starting to
lose some of that. I just can’t pull the trigger yet on long term bullish hopes.
Trading commodity futures involves substantial risk of loss
and my not be suitable for all investors. The recommendations
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.
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
recommendations are subject to change at any time.
What Does this Report Mean to Me?
Why Use Salers? Q #1 The Midwest Cattleman · March 11, 2021 · P28
Top 10 Reasons Why You Should 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
Use Salers Genetics going to have to kick in though in order to get it.
Q #2
1. Calving Ease – Dysto- better performance and feedlot
cia is a leading cause of calf conversion, your Salers calves Due to the recent break in feeders, would you be holding your fall-weaned
death. Calving ease of Salers will provide you with greater calves for a while or letting them go?
is well documented by extensive profits. Answer: What ever happened to the easy questions? This will depend upon your weaning sched-
research. Increase your prof- 7. Carcass Values – Sal-
itability with more live Salers ers carcasses have proven to ule and your available feed supply. I’m long term bullish the feeder market but the “reality” of
calves. produce more yield and inher- right now probably dictates letting them go. If you keep them for an extra 30 days, make sure you
2. Calf Vigor – New research ent ability to marble. Over the minimize the grain in the ration. Grow them on good forage....”sell” $4.50 corn. If the fat market
has proven that a vigorous years, the breed has dominated stays sluggish and corn prices don’t moderate, about the only thing you’ve got to hang your hat on
calf that nurses immediately carcass quality competitions. for “higher feeders” is “Hope”.
will maintain a health advan- 8. Marketing Options –
tage from birth to feedlot. Whether you are selling replace- November 6th
3. Maternal and Reproduc- ment females, breeding bulls or
tion Performance – Salers cat- marketing steers to feedlots, the Auction
tle have astonishing reproduc- Salers breed provides growth,
tive ability. Salers cows excel maternal and carcass qualities. Lunch at 11:00 a.m.
in maternal values such as milk 9. Bulls – Salers bulls are Sale at 12:30
and mothering of their calves. known as being aggressive Sale Offering
4. Disposition – Salers breeders, getting their cows bred
breeders are committed to pro- regardless of the terrain or con- 16 - 2010 Heifer Calves Jan. - May
16 - Breeding Bulls 7 to 18 months
ducing quiet and easy-to-handle ditions thereby providing excel- 16 - Spring Calving Bred Females RH Standard Lad 0313
Solid As A Rock Sire Group
breeding stock. lent conception rates. 16 - Spring Calving Black Females
5. Hybrid Vigor – By in- 10. Herd Health – Simply Bred to Hereford Bulls Reynolds Herefords
troducing Salers genetics into put, with all the reasons to use 8 - Fall Calving Pairs 1071 County Road 1231
your herd, heterosis can result Salers cattle, you’ll save time, 6 - Show Steer Prospects
in a 15% improvement of per- money, labor, and vet bills. Both Horned & Polled Offered Huntsville, MO 65259
formance, improving your herd’s ASA November 5, 2010 Sale offerings on Home: 660-277-3679 • Matt: 660-676-3788
profitability. Display 3:00 P.M. • Barb: 660-676-4788
6. More Marketable CHB Dinner at 6:00 P.M.
Pounds – With more live calves, Call or E-Mail for Catalog Email: reynoldscattle@cvalley.net

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