Fall Calf Market Red Hot at Superior's Video Royale Sale in Nevada
“It's long overdue for a lot of these producers and I think our buyers are trying very, very hard to procure cattle given the prices that exist right now,” said Stewart. “They're giving it all and betting on the outcome. I guess in short, I would say that the market is definitely chasing supply.”
This week, the average spread between steer and heifer calves is around $0.20. Stewart says prices are better for ranchers that are able to ship calves later in the fall.
“On the feeder weight classes, if we get into September and October, they're a whole lot more desirable,” said Stewart. “You know, the market could be 5 to 10 cents higher than the immediate delivery cattle that come in August. I think it's just because they've met their needs and their bunk space just isn't available. Plus, I think what we do in video marketing is so tight or correlated to the futures market that if you look at the deferred board in the futures market, they're quite a little bit more lofty than maybe the August contract.”
For complete sale results, visit www.superiorlivestock.com.
Source: Ag Information Network & Western Ag Network