Page 26 - MWC 10-27-2022s
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MARKET  REPORT                                                                           The Midwest Cattleman · October 27, 2022 · P26


                                                                            Feeder Cattle Daily
       Live Cattle                  MU hosts groundbreaking for
                     Veterinary Medical Diagnostic Laboratory

         The laboratory plays a  African swine fever, foot- $30 million renovation and  es, including avian influenza,
      major role in the early de- and-mouth disease, rabies  expansion of the MU College  African swine fever, foot-and-
      tection, testing and post-out- and chronic wasting disease. of Veterinary Medicine’s Vet- mouth disease, rabies and
      breaks      of   foreign     and      The University of Missou- erinary Medical Diagnostic  chronic wasting disease.
      emerging animal diseases,  ri recently hosted a ground- Laboratory (VMDL)                                  The expanded and reno-
      including avian influenza,  breaking ceremony for the                   MU’s     VMDL       performs vated facility will add 34,200
                                                                                              more     than square feet to the existing
                                                                                              167,000 di- building, including:
                                                                                              agnostic           •Separate receiving areas
                                                                                              tests annual- and laboratories for routine,
                                                                                              ly to support  high-risk and foreign animal
                                                                                              Miss ouri’s  disease and biosecurity cases
                                                                                              companion          •Separate         laboratory
                                                                                              and agricul- spaces for clean materials
                                                                                                        ani- and diseased or infected ma-
                                                                                              tural
        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
                                                                                                       wild- terials
                                                                                              mals,
       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
                                                                                              life, and zoo
                                                                                                                 •Space for client consulta-
       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
                                                                                              animal con- tion
       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
                                                                                              servation
                                                                                                                 •An area for after-hours
       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.
                                                                                              efforts. As  a  sample drop-offs
       for about a month.  Two weeks ago they were 8% lower than last year.  This weeks   This market will rally....wait and see.
       report showed exports a whopping 56% lower than last year.  This ain’t good.  Low      Level 1 Lab-       •Space      for   laboratory
       imports and high exports have held this market up all summer.  We’re starting to       oratory      of teaching and research
       lose some of that.  I just can’t pull the trigger yet on long term bullish hopes.      the Nation-        •ADA accessible entranc-
                                                                                              al    Animal es
                                                                            Health Laboratory Network,        MU College of Veterinary
                                                                                                  Trading commodity futures involves substantial risk of loss
                                                                            the VMDL plays a major role
                                                                                                  and my not be suitable for all investors.  The recommendations
                                                                                                              Medicine
       Rich Nelson                                                                                express opinions of the author.  The information they contain is
       Allendale Inc.                                                       in the early detection, testing
                                                                                                  obtained from sources believed reliable, but is in no way guaran-
                                                                            and post-outbreaks of foreign
       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                                            and emerging animal diseas-
                                                                                                  Opinions, market data, and
                                                                                                  recommendations are subject to change at any time.
       What Does this Report Mean to Me?
        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
      going to have to kick in though in order to get it.
        Q #2                             • Featuring ‘        Program’
       Due to the recent break in feeders, would you be holding your fall-weaned
                                            Cattle  Weekly
      calves for a while or letting them go?
                                         • DVAuction Service for convenient
      Answer: What ever happened to the easy questions?  This will depend upon your weaning sched-
                                            online  viewing & bidding
                                                                                                                             SALE!
      ule and your available feed supply.  I’m long term bullish the feeder market but the “reality” of                      SALE!
                                                                                                                           33,595
                 Vienna, Mo 65582                                                                                        $ $ 33,595
                                   Selling All Classes of Cattle Wednesday @ 10:00 a.m.
      right now probably dictates letting them go.  If you keep them for an extra 30 days, make sure you
            For more information: Ross Patton  573-308-6657 • Bill Patton   573-308-6658
      minimize the grain in the ration.  Grow them on good forage....”sell” $4.50 corn.  If the fat market
                   • David Patton – 573-308-6655 •
                                                                                                         2023 Hillsbor
      stays sluggish and corn prices don’t moderate, about the only thing you’ve got to hang your hat on   2023 Hillsboro 7’x24’x6’8”o 7’x24’x6’8”
             Visit our website at www.scrsvienna.com • or E-mail us at: SCRSVienna@gmail.com
                                                                                                            Endur
                                                                                                            Endura All Aluminuma All Aluminum
      for “higher feeders” is “Hope”.                                                                  Goosenec
                                                                                                       Gooseneck Livestock Trailerk Livestock Trailer
                                                                             November  6th
                                                                                    Auction
                                                                               Lunch at 11:00 a.m.
                                                                                   Sale at 12:30
                                                                               7000# tandem torsion axles with
                                                                                  electric brakes              Right side 52” fold down side ramp
                                                                                     Sale Offering
                                                                               16” 10 ply radial tires        Left escape door
                                                                              16 - 2010 Heifer Calves Jan. - May
                                                                               Adjustable sliding center gate
                                                                                                                             RH Standard Lad 0313
                                                                              16 - Breeding Bulls 7 to 18 months  Painted black nose and LED lights
                                                                              16 - Spring Calving Bred Females                Solid As A Rock Sire Group
                                                                                             Available at Maxwell’s Columbia, MO. location.vailable at Maxwell’s Columbia, MO. location.
                                                                                             A
                                                                                                           Reynolds Herefords
                                                                              16 - Spring Calving Black Females
                                                                              Aluminum gooseneck livestock trailers by Hillsboro Industries are designed to meet the
                                                                                      Bred to Hereford Bulls
                                                                              rugged demands of loading and transporting your livestock. From double-wall construction
                                                                              to slip-resistant floors, our stock trailers are equipped with superior features for increased
                                                                              8 -    Fall Calving Pairs
                                                                                                                 1071 County Road 1231
                                                                              strength, versatility, and durability.
                                                                              6 -    Show Steer Prospects
                                                                                                                  Huntsville, MO 65259
                                                                              Both Horned & Polled Offered
                                                                             OTHER MODELS AVAILABLE, CALL FOR INFORMATION
                                                                                                          Home: 660-277-3679 • Matt: 660-676-3788
                          573-641-5270                                         November 5, 2010 Sale offerings on
                                                                                      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
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