COVID-19, cattle prices, blah, blah, blah

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TerraceRidge
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Re: COVID-19, cattle prices, blah, blah, blah

Post by TerraceRidge » Fri Mar 20, 2020 4:36 pm

Since we’re talking about prices, I’ve got a discussion going over on the NCBA/COOL/R-CALF/USDA forum about packer profits compared to producer profits. I keep hearing about how much the packers are making compared to the producers, so I’m trying to do some digging to figure it out. I’d greatly appreciate anybody’s input in that discussion in case you haven’t already seen it. I keep hearing about potential collusion and lawsuits, and anything like that will affect prices.



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Re: COVID-19, cattle prices, blah, blah, blah

Post by Dave » Fri Mar 20, 2020 6:23 pm

The price for cut out beef is up 10 cents. At the same time live cattle are down 16 cents. Hmmmmmm. Who is taking advantage of the market caused by COVID-19. Price gouging both directions.

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Re: COVID-19, cattle prices, blah, blah, blah

Post by JW IN VA » Fri Mar 20, 2020 8:21 pm

dave_shelby wrote:
Fri Mar 20, 2020 6:09 am
Shenandoah? Prices didn’t seem so bad last I checked onFB. Better than the fall.
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Re: COVID-19, cattle prices, blah, blah, blah

Post by kenny thomas » Fri Mar 20, 2020 10:27 pm

I heard there were probably 60 people in the sale area at Abingdon sale today. Poured rain so numbers were low. Few hundred
My thoughts only, don't bet the farm on them. KT

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Re: COVID-19, cattle prices, blah, blah, blah

Post by tom4018 » Sat Mar 21, 2020 7:42 am

Here it seems feeders are down 15-20 while weigh cows and bulls are up 5. Got a message from one market basically begging for slaughter cows/bulls as the meat is flying off the shelves I guess the supply stream is low.

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Re: COVID-19, cattle prices, blah, blah, blah

Post by JW IN VA » Sat Mar 21, 2020 11:14 pm

Saw the market report from yesterday's sale here.As high or higher than last week on light weights. Around 800# steers were off a few cents sometimes. 800 lb heifers holding steady.
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Re: COVID-19, cattle prices, blah, blah, blah

Post by Stocker Steve » Sun Mar 22, 2020 12:07 am

tom4018 wrote:
Sat Mar 21, 2020 7:42 am
Here it seems feeders are down 15-20 while weigh cows and bulls are up 5. Got a message from one market basically begging for slaughter cows/bulls as the meat is flying off the shelves I guess the supply stream is low.
Many people are stockpiling lower cost food like burger, and steak houses are closed for months... So packers would rather pay a little more for cows than grind fats. I expect the kill plants will have to slow, or perhaps even close temporary, as workers get sick. Cull cows won't be worth much without slaughter capacity. :(

I am bringing in a few cull cows Monday and then grilling some steaks.
Stocker Steve

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Re: COVID-19, cattle prices, blah, blah, blah

Post by pricefarm » Sun Mar 22, 2020 8:29 am

kenny thomas wrote:
Fri Mar 20, 2020 10:27 pm
I heard there were probably 60 people in the sale area at Abingdon sale today. Poured rain so numbers were low. Few hundred


Image

Here’s the sales report for Friday.

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Re: COVID-19, cattle prices, blah, blah, blah

Post by kenny thomas » Sun Mar 22, 2020 9:02 am

pricefarm wrote:
Sun Mar 22, 2020 8:29 am
kenny thomas wrote:
Fri Mar 20, 2020 10:27 pm
I heard there were probably 60 people in the sale area at Abingdon sale today. Poured rain so numbers were low. Few hundred


Image

Here’s the sales report for Friday.
Numbers were down for sure. Looks like prices were too. Same way here yesterday. Problem is there are not enough calves to fill orders.
Looks like cows and bulls sure traded well.
My thoughts only, don't bet the farm on them. KT

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