How to Read a Cattle Market Report
At first glance, a cattle market written report is a confusing jumble of numbers!
No demand to worry! Once you understand the style it's written, information technology makes sense and provides you with quite a bit of information.
A marketplace report categorizes cattle past weight, condition and/or purpose and lists the prices that the cattle in each category sold for at the last auction.
A market report is a useful tool to assistance yous determine what you can await to become from your cattle when you lot sell them.
Buying Your Beefiness Herd will become over the things you need to keep in mind when purchasing your cattle, including what yous tin can expect to spend.
It can besides be used to consider trends in prices regarding the season or what weight to attain with your calves earlier y'all sell them.
Feeding Your Beefiness Cattle will aid yous figure up the hay you'll need to have on paw to feed your herd for the winter.
In our area, Ohio, we have multiple auctions to cull from that take weekly sales. How Livestock Auctions Work volition give you the scoop on selling through an auction barn.
Each auction seems to have a type of cattle that sell better at that place, so it merely makes sense to friction match what you take to the place where you lot think it will bring the nearly money.
Market study information for individual sales
Fifty-fifty if yous are doing private sales of beef animals, it is always a good idea to know the local prices to brand sure you lot are charging enough for your animals.
Maybe you make up one's mind to set up your price at the farm a bit over local auction toll, healthy.
An creature that has a lower stress life is more than valuable, especially if it will be kept to grow out at the new farm.
However yous decide to toll your cattle you need to know the electric current values in the market report.
Why Are Some Ranchers At present Selling More Beef Direct To Customers? is an article in Texas Standard by Michael Marks that interviews a few ranchers who have started direct beef sales to go on more control over their income.
Market place written report vs. market place outlook
It should exist noted that cattle market outlook is non the same matter as the marketplace report.
The cattle market outlook is a approximate at the hereafter prices of cattle.
Good information to keep in the back of your mind, merely exist sure to keep your focus on bodily prices for animals sold to keep focus on your local cattle market.
Listed categories of cattle sold volition differ
Your local auction barn volition list out the categories of livestock that most commonly sell there each week.
Our area of Ohio has a mix of both dairy and beef cattle in addition to quite a few sheep, goats, and pigs. Then auction reports around here have a wide variety of fauna species simply not too many categories per species.
Areas of the country that are nearly all beefiness cattle at the auction list out the categories quite differently than areas with mixed livestock.
Once you wait at the reports from the predominantly beef cattle raising areas of Ohio the categories change to reflect the needs of the area and to sensibly divide out the listings of the animals that come through the auction weekly.
Below is a tabular array list out a comparison of the selling categories for cattle at ii weekly auctions here in Ohio.
It is piece of cake to see that these two auction barns have a very different focus regarding cattle.
| Mixed Livestock Auction (cattle department only) | Predominantly Beef Cattle Auction (cattle section only) |
| fat cattle | fed cattle |
| choice colored | choice steers and heifers |
| good colored cattle | good steers and heifers |
| pick Holstein steers | commercial cows |
| skillful Holstein fats | canners and cutters |
| slaughter bulls | butcher bulls |
| one thousand-1500# | bred cows |
| 1500-2000# | cow/calf pairs |
| 2000# & up | medium & large frame heifers |
| cull cows | 200-300# |
| expert/high clothes | 300-400# |
| medium to expert | 400-500# |
| fair to medium | 500-600# |
| light/thin | 600-700# |
| beef/colored cows | 700-800# |
| feeders | 800# & upwards |
| colored steers/heifers | medium & large frame steers & bulls |
| Holstein steers | 200-300# |
| calves | 300-400# |
| meridian 40 Hol. bull calves | 400-500# |
| dorsum to farm Hol. bulls | 500-600# |
| 90-120 lbs. | 600-700# |
| good | 700-800# |
| back to farm Hol. heifers | 800# & upwardly |
| 90-120 lbs. | Hol./Jersey steers |
| crossbred bulls | |
| crossbred heifers |
How to read the cattle market report
The market report is sectioned off into categories to keep similar animals together, so the first step is to find the category that fits what you are looking for.
Utilize the market report to decide feeder steer prices
Allow's say yous are looking for a few feeder steers. A feeder steer is a male calf that has been castrated and weaned, so he doesn't his mom anymore and is eating well on his own.
A feeder steer is a calf you accept home to add weight to then butcher yourself or sell as a finished steer for someone else to butcher.
At the mixed livestock sale your choices are colored steers or Holstein steers. How big are they? Well you only have to encounter when they come through the auction band.
At the "beef country" auction you lot accept many more choices ranging from 200-800# or more.
Near people would figure the rate of proceeds for a steer in their expanse, then figure how many days they want to go along it and decide appropriately.
Some people with extra acreage in pasture want a few steers to eat the grass off in the summertime and then be sold again in the fall, minus the one they go along for themselves to eat.
For example, take the growing season of your area hither we tin figure 180 days.
Now if y'all figure your feeders will gain 1.5 pounds of weight per 24-hour interval each on grass that is 270 pounds of gain each.
So whatsoever y'all want the finishing weight to be for your freezer beefiness to exist the feed needs to be 270 pounds less than that if you only want the steer for the summer and on grass only.
180 days x 1.v #/solar day =270 pounds of gain/steer
Example: 900# desired butcher weight-270# of gain=630 #steer to buy at start of the summertime
At that place are tons of options here: continue the steers longer then some hay feeding volition be required, feed grain for faster gains and/or butcher the steer at smaller size.
Buying At The Livestock Auction goes over the things yous need to do and avoid doing when you lot are a beginner sale heir-apparent.
How to figure out the price per steer
Mostly speaking an animal that is kept as breeding stock is sold past the head, meaning the price listed is the total price.
An example for the would be the cow/calf pair listed in the predominantly beef cattle sale.
The pair sold as 1 unit of measurement for a total price of $760.00. The report has listed $760.00 and that would have been the bid during the auction.
Contrast this to a calf that sells by weight.
Permit'southward wait again at the beef cattle sale but this time in the feeder section.
We'll cull 400-500# steers. The numbers listed here are 400-500#- 12 the the price range of 75.00-172.00.
Here is the layout of ane specific line of the market report to use as an example for figuring prices:
| Category -steers by weight | low price | high price |
| 400-500#-12 | 75.00 | 172.00 |
The starting time fix of numbers (400-500#- 12) ways that in that location were 12 head of steers that weighed between 400 and 500 pounds at this auction.
The second set of numbers (75.00-172.00) lists the toll per 100 pounds (cwt) of live weight.
This ways that steers in this weight range sold for anywhere from $75.00-$172.00 per 100 pounds. (The steers are weighed correct before they are sold to get the live weight.)
If the steer you are considering weighs 450 pounds it could accept brought anywhere from $337.fifty-$774.00 at these prices.
Hither is the math:
Low cost: 450#steer divided by 100 pounds=4.five cwt 10 $75.00=$337.50 each
High price: 450#steer divided by 100 pounds=iv.five cwt x $172.00=$774.00 each
In one case you spend a little fourth dimension learning to read a marketplace report yous will beginning to detect trends and seasonality of price fluctuations.
Look back at the reports from a few weeks ago leading upwardly to the current prices and from last year at this time to requite you a ameliorate idea of what you should look.
About cattle prices are cyclic, significant at that place will be predictable changes in overall prices, higher prices every bit certain times of the year and lower prices at other times, in a normal year.
Knowing the current cattle market written report prices will continue you informed of the cost trends, which is useful information for both buyers and sellers of cattle.
Once you lot go the numbers figured out, you are going to want to be familiar with the things yous need to look for to purchase healthy stock.
What To Look For When Purchasing Livestock is another commodity I wrote that volition get you started.
Related Questions
What does cwt mean in cattle prices?
Cwt is an abridgement that means price per one hundred pounds of animal.
How are cattle prices adamant?
Cattle prices are based on supply and demand (college demand equals a higher price), in addition to the quality of the animal.
High quality animals are always worth more than low quality animals in the aforementioned peer group.
Source: https://familyfarmlivestock.com/reading-a-cattle-market-report-the-basics-you-need-to-know/
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