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Ag News

Latest 55 Farms Newsletter - Feeder Cattle buyers busy this week

  • By: "Prime" Ag News
  • May 29, 2018

This week we saw the board climb back up on feeder cattle. There looks to be some hope of getting these grass cattle contracted to show some profit this fall. Feeder cattle buyers were busy this week filling up some space left by the large number of cattle that were sold the last few weeks to packers. With a wave of packer cattle going to slaughter, packer buyers held off this week buying any additional cattle. We have seen the largest inventory of cattle going to harvest than we have seen in seven years and this week looks to be just as busy as cattle bought a couple of weeks ago make their way to harvest. Cull cow prices have been lower, and it looks that they will continue at a lower price going into the fall with cows still coming to market due to lack of pasture and high hay prices. On a positive note we did see some young cows in good shape sell higher this week in Texas with some black English pairs trade at seventeen hundred and fifty dollars a pair and their bred mates traded at twelve hundred per head. We saw some middle age medium framed fall cows in Tennessee trade at a thousand dollars per head, and some older three strip bred cows sell from eight fifty to nine hundred.

Livestock haulers relief
Livestock haulers and transport companies are seeing some relief from this electronic logging device issue as a senator from Nebraska has proposed a bill called the Transporting Livestock across America Safety Act that has loosened the pressure and given flexibility to the hours of livestock haulers. Senators from top Ag states have come on board to get this bill pushed through. If you know your senator be sure and express your appreciation of this bill to pass. Without this flexibility, everyone in the ag industry could be affected not just transport companies.

Hay steady
This week we started to see some hay demand steady to a little lower as much needed rain has fallen on parts of the U.S. Parts of Iowa reported that they are seeing some moisture and grazing land is greening up allowing some relief for hay supplementation. Parts of Kansas and Colorado also reported moderate rain of one to three inches and Wyoming is reporting better range conditions while Texas is seeing some moisture as well. As far as price goes, hay remains strong. In Iowa, we saw some number one alfalfa square bales sell as high as three hundred and thirty dollars a ton. Out of Oklahoma, there was some irrigated grass sell for a hundred a ton, and in Texas, we saw some horse quality Alfalfa sell for three hundred a ton.

Equipment priced well is still selling
On the equipment side of things, it was a popular grain drill week as we sold two tye grain drills out of Texas and had bids on some John Deere drills. This week we listed some case IH part tractors out of Lipan Texas listing numbers 2095 and 2093 that the owner is motivated and willing to listen to offers. A couple of these tractors still run so if anyone is looking for some part or project tractors take a look at those listings. Older equipment priced reasonably still seems to be in demand this week.
 
List your Real Estate
As we grow here at 55 Farms, we are always looking for ways to help our members any way we can. With that said we have added a new farm and ranch real estate tab to our site. If you are a farm and ranch real estate broker, agent or have a for sale by owner listing be sure and list it on the site. It's Free!!
 
Arkansas/Oklahoma area Farm Show
We also want to let our members in the Arkansas /Oklahoma area know of the upcoming Arkansas/Oklahoma area Farm Show September 7-8 at the fair grounds in Fayetteville AZ. They will have all types of vendors and exhibits such as farm and livestock equipment, new farm/ranch type vehicles, new agriculture management tools and much more. If you would like to set up a both there is still space available, and you can get more information by contacting 55 Farms member Tracy McMillen at 479-806-3080 or by emailing her at Tracy.mcmillen@cumulus.com or if your in the area you can listen to Nash I Con radio 94.3, tell her you heard about it through 55Farms. Who doesn’t like a good farm Show?

Keep Listing!

Casey Collins - 806-778-8936 - caseyc@55farms.com