Often asked: How To Read A Livestock Auction Report?

How do you read a livestock auction?

Once you buy your cattle, you must pick them up. Auction houses typically have a loading chute where you claim your animal. You’ll pay for your animals, and receive a bill of sale in return. You can show the bill of sale at the chute, and the auction staff will locate your animal for you.

What does medium and large 1 mean?

But the information probably is most useful to the producer who understands the terminology used by market reporters. For example, a Sept. 22 report summarizing feeder-cattle sales at the Saint Joseph, Mo., Stockyards said “Medium and Large 1” steers weighing 500 to 600 pounds (lb.)

How are live cattle prices quoted?

Live cattle futures and options are traded on the Chicago Mercantile Exchange (CME), which introduced live cattle futures contracts in 1964. Contract prices are quoted in U.S. cents per pound. Minimum tick size for the contract is $0.00025 per pound ($10 per contract).

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How are cattle prices determined?

Feeder cattle prices depend on the weight of the cattle with lightweight cattle typically having the highest price per pound (or hundredweight) and lower prices for heavier cattle. Prices slides are often stated in terms of traditional rules of thumb, e.g. a 10 cent slide on calves or a 6 cent slide on yearlings.

What is the best age to sell cattle?

Then, recognizing that cows appreciate in the market until they are four years old, hold their own until about six years old and then depreciate, you might want to consider selling most of the cows as bred cows by the time they are six years old.

How much is a calf at auction?

Cow/Calf Pairs: $825.00 -$975.00. Feeder Steers: 300-399 lbs $165.00; 400-499 lbs $115.00-$153.00; 500-599 lbs $122.50-161.00; 600-699 lbs $137.50-$148.00; 700-799 lbs $122.00; 800-899 lbs $117.50-$131.00; 900-999 lbs $110.00.

What is a #1 steer?

A #1 Yield. Grade market steer will be extremely lean and heavy muscled. A #2 Yield Grade market steer will be lean and muscular, but not as extreme as a #1 Yield Grade. Market steers that possess average muscling with some finish will be classified as #3 Yield Grade.

What do cattle eat during backgrounding?

Corn silage will usually have to initially be offered in small amounts and increased as intake increases over a week to 10 days. Round-bale silage is an excellent exclusive feed for backgrounding calves, particularly when the feed is a grass-legume mixture.

What breed of cattle finish best on grass?

Small to moderate-sized cattle, in both weight and height, work well in grass-fed beef operations because they require less forage to reach finish weights than large cattle. Breeds like Angus, Hereford, and other British origin cattle are usually good choices, but it depends on the genetics.

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Why is feeder cattle more expensive than live cattle?

Feeder cattle are weaned calves that have reached a weight of between 600 and 800 pounds. Feeder cattle typically need to gain more than 500 pounds before they reach slaughter weights, so corn prices have a big impact on feeder cattle prices.

What is the difference between live and feeder cattle?

There are two types of cattle futures contracts — Live Cattle and Feeder Cattle. Feeder Cattle consist of calves weighing 600-800 pounds while Live Cattle are cattle fed to the point of harvest weight.

Is it profitable to raise cattle?

Beef cattle are generally the most profitable and easiest livestock to raise for profit. The resulting half-bred offspring are useless to the dairy industry, but they make fine cattle to raise for beef. You can buy directly from dairy farms or at local auctions.

How much is a 500 pound calf worth?

A calf that weighs 500 pounds costs around $700. As compared to a heifer, bred heifer costs more. A bred heifer can cost around $1,300. Whereas matured cows can cost around $4,000 to $5,000 each.

What is a 10 cent slide on cattle?

Legendary Livestock is using the following system for website users choosing a price slide. The slide is measured in dollars per hundred weight ($/cwt) or cents per pound. $10/cwt is the same as 10 cents/lb. A price slide works on the assumption that heavier animals receive lower prices per hundred weight (cwt).

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