Fall Calf Market Red Hot at Superior’s Video Royale Sale in Nevada
This week the autumn calf market is again in the highlight as Superior Livestock Auction hosts its Video Royale Sale from Winnemucca, Nevada. Superior consultant and auctioneer Trent Stewart says the calf market stays sizzling because the drought’s affect in the West continues.“It’s lengthy overdue for lots of those producers and I feel our consumers are attempting very, very arduous to acquire cattle given the costs that exist proper now,” mentioned Stewart. “They’re giving all of it and betting on the end result. I suppose in brief, I’d say that the market is unquestionably chasing provide.”This week, the common unfold between steer and heifer calves is round $0.20. Stewart says costs are higher for ranchers which are capable of ship calves later in the autumn.“On the feeder weight courses, if we get into September and October, they’re an entire lot extra fascinating,” mentioned Stewart. “You know, the market could possibly be 5 to 10 cents greater than the speedy supply cattle that come in August. I feel it is simply because they’ve met their wants and their bunk house simply is not out there. Plus, I feel what we do in video advertising is so tight or correlated to the futures market that for those who look at the deferred board in the futures market, they’re fairly a bit of bit extra lofty than possibly the August contract.”For full sale outcomes, go to www.superiorlivestock.com.Source: Ag Information Network & Western Ag Network
https://www.aginfo.web/report/53744/Land-Livestock-Report/Fall-Calf-Market-Red-Hot-at-Superior-s-Video-Royale-Sale-in-Nevada
