Page 34 - MWC 10-6-2022s
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Live Cattle
KNOW TO TOW MARKET REPORT Feeder Cattle Daily
The Midwest Cattleman · October 6, 2022 · P34
continued from page 33
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
and make sure the connection 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
is secure before departure. 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
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
The safety chains should 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
be criss-crossed and connect- 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.
ed with enough slack to make for about a month. Two weeks ago they were 8% lower than last year. This weeks This market will rally....wait and see.
turns. 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
Electric Wiring and lose some of that. I just can’t pull the trigger yet on long term bullish hopes.
Connection
Trailer connectors should
match the truck connectors. Trading commodity futures involves substantial risk of loss
and my not be suitable for all investors. The recommendations
Check your connectors for Rich Nelson express opinions of the author. The information they contain is
wear and tear and test out the Allendale Inc. Allendale Inc. obtained from sources believed reliable, but is in no way guaran-
teed. The author may have positions in the markets mentioned
815-578-6161
connection. tions regarding brake system brakes. Do your best to balance the including at times positions contrary to the advice quoted herein.
rnelson@allendale-inc.com
Opinions, market data, and
What Does this Report Mean to Me?
Lights requirements. If the trailer brakes cause load over the axles. The major- recommendations are subject to change at any time.
Check all the lights (brake Test your brake controllers the truck to jerk, your trailer ity of the weight (85% to 90%)
light, turn signals, and tail- and make adjustments as need- brakes are adjusted too high. should be carried over the axles
Q #1
lights) on both the truck and ed depending on the weight of Lower the braking power until so that only 10% to 15% of the
What do you think the price of fats will be in April 2011
the trailer and make sure they your trailer. The controller has the trailer comes to a smooth weight is carried on the tongue.
are working. an adjustment button (+ or -) stop. Remember an empty When using a bumper pull
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
If you use battery-powered and sliding lever. You may need trailer will have a different trailer, place the heaviest ani-
going to have to kick in though in order to get it.
accessories, ensure that your to use the controller to increase gain than a full trailer. mals in the front of the axles.
emergency battery is charged braking power (+) for heavi- Q #2 Load older and larger animals
and ready for use. er loads or decrease braking Non-Livestock Cargo first, followed by younger and
Due to the recent break in feeders, would you be holding your fall-weaned
If using the trailer for other
calves for a while or letting them go?
Brakes power (-) for lighter loads. than livestock, secure cargo in- smaller animals.
Inspect the breakaway cable Slowly move forward on a side the trailer: any kind of big When tying animals in the
Answer: What ever happened to the easy questions? This will depend upon your weaning sched-
or brake system. Manufactur- level surface and shift the tow and/or heavy cargo should be trailer, use slip knots and tie
ule and your available feed supply. I’m long term bullish the feeder market but the “reality” of
ers recommend that any trail- vehicle transmission to neu- tied and secured in place be- securely at head height in the
right now probably dictates letting them go. If you keep them for an extra 30 days, make sure you
er exceeding 1,000 lb. have its tral. Use the slide lever on the fore towing. trailer.
own brake system, but you brake controller to bring the minimize the grain in the ration. Grow them on good forage....”sell” $4.50 corn. If the fat market
should also check state regula- load to a stop using the trailer The Load
stays sluggish and corn prices don’t moderate, about the only thing you’ve got to hang your hat on
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
SALE! 8 - Fall Calving Pairs 1071 County Road 1231
SALE!
33,595
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