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Yankton ringing the bell fat cattle
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garvo
Posted 12/19/2023 12:47 (#10531617)
Subject: Yankton ringing the bell fat cattle


western iowa,by Denison		38hd-1538#@$177.25



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1030
Posted 12/19/2023 13:41 (#10531692 - in reply to #10531617)
Subject: RE: Yankton ringing the bell fat cattle


Extreme se nebr.		Did you top the market? Even with the expense of the trucking i think it could be a viable option.
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Chet Z
Posted 12/19/2023 13:53 (#10531706 - in reply to #10531692)
Subject: RE: Yankton ringing the bell fat cattle


Nance County, Ne		Carlson's cattle?
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in-too-deep
Posted 12/19/2023 15:03 (#10531780 - in reply to #10531617)
Subject: RE: Yankton ringing the bell fat cattle


56676		Why sell fats at the sale barn? Couldn't you find a plant to send them too? Just wondering. We sell our calves around 11 months of age and I always wonder about the finishing side of things.
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Crete
Posted 12/19/2023 15:19 (#10531799 - in reply to #10531780)
Subject: RE: Yankton ringing the bell fat cattle


Badger State		Why not?
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in-too-deep
Posted 12/19/2023 15:21 (#10531803 - in reply to #10531799)
Subject: RE: Yankton ringing the bell fat cattle


56676		Just seems like direct to the packer would put the middleman's money in your pocket. But maybe I'm oversimplifying it. Trying to learn.
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801486
Posted 12/19/2023 16:32 (#10531900 - in reply to #10531803)
Subject: RE: Yankton ringing the bell fat cattle


west central Iowa		How many captive supplies(and the associated problems) were there when the pack had to go to the stockyards and buy their needs everyday.
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lacockcattleco
Posted 12/19/2023 16:53 (#10531929 - in reply to #10531803)
Subject: RE: Yankton ringing the bell fat cattle


N.E. MT		The middle man’s money definitely goes in the packers pocket long before yours I can assure you of that.
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lacockcattleco
Posted 12/19/2023 16:51 (#10531925 - in reply to #10531780)
Subject: RE: Yankton ringing the bell fat cattle


N.E. MT		Auction is the best way to have true price discovery. If everyone sold at auction I believe we would have a more realistic market price. We put some on the fed cattle exchange this summer and they did very well, I was super happy and will probably market all ours that way going forward.
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Iowa-beef
Posted 12/19/2023 17:41 (#10532017 - in reply to #10531925)
Subject: RE: Yankton ringing the bell fat cattle


What was the exchange cost?

I never watch it and haven't heard about it in awhile that's awesome it's still running well

Edited by Iowa-beef 12/19/2023 17:41
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lacockcattleco
Posted 12/19/2023 18:37 (#10532120 - in reply to #10532017)
Subject: RE: Yankton ringing the bell fat cattle


N.E. MT		Was consolidated and renamed. New owners starting in June ish? Cost 3$/hd. Was very happy with the results sold a group in September.
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sparrell
Posted 12/19/2023 18:04 (#10532057 - in reply to #10531925)
Subject: RE: Yankton ringing the bell fat cattle



lacockcattleco - 12/19/2023 16:51

Auction is the best way to have true price discovery. If everyone sold at auction I believe we would have a more realistic market price. We put some on the fed cattle exchange this summer and they did very well, I was super happy and will probably market all ours that way going forward.


+1, if everyone just sold directly to the packers, what would the price eventually be?

Guys still selling at the salebarns are taking one for the team for sure, and after reading threads on here for years, few realize it and even less appreciate it.

Edited by sparrell 12/19/2023 18:06
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plowboy29
Posted 12/20/2023 11:16 (#10533263 - in reply to #10532057)
Subject: RE: Yankton ringing the bell fat cattle


Minnesota		It would be just like the hog business. Vertically integrated with only a few making real money.
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801486
Posted 12/19/2023 18:07 (#10532062 - in reply to #10531925)
Subject: RE: Yankton ringing the bell fat cattle


west central Iowa
lacockcattleco - 12/19/2023 16:51

Auction is the best way to have true price discovery. If everyone sold at auction I believe we would have a more realistic market price. We put some on the fed cattle exchange this summer and they did very well, I was super happy and will probably market all ours that way going forward.


The fed cattle exchange is not a middleman?
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lacockcattleco
Posted 12/19/2023 18:56 (#10532165 - in reply to #10532062)
Subject: RE: Yankton ringing the bell fat cattle


N.E. MT		Did I say it’s not a middleman? I just said I was very happy with them. The 3$ fee probably made me 75$. Negotiating trade with the packers sucks, most are flakes, hard to contact and miserable to deal with. Sure you can find a good one here and there but then you’re left without leverage just accepting anything you can get. Negotiated trade is not a good thing for the beef industry, there is very little holding them accountable to a fair price. I had 19 different packers bidding on my lots, that’s a lot of exposure for 3$ From literally all areas of the country, Plants in 7 different states. Auction is true price discovery. FYI the heifers I sold in September brought 7$ over where the board was and negotiated trade was less than the board at that time.
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801486
Posted 12/19/2023 19:22 (#10532224 - in reply to #10532165)
Subject: RE: Yankton ringing the bell fat cattle


west central Iowa		I'm just trying to understand, first you make what seemed to be a derogatory statement aimed at all middle men and then you talk one up. Last prices I could find from fce showed 1.70 as the highest, thats a little below 1.77 at Yankton.



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Simocattle
Posted 12/19/2023 20:08 (#10532316 - in reply to #10532224)
Subject: RE: Yankton ringing the bell fat cattle


Central SD		That quote from Yankton is an implant free price most likely.
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801486
Posted 12/19/2023 20:41 (#10532383 - in reply to #10532316)
Subject: RE: Yankton ringing the bell fat cattle


west central Iowa		Drug frees as high as 1.79, regulars 1.76
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lacockcattleco
Posted 12/19/2023 21:16 (#10532469 - in reply to #10532224)
Subject: RE: Yankton ringing the bell fat cattle


N.E. MT		Not sure what you thought I meant, Was just stating that the middleman’s cut is usually a fraction of what they are able to get out of the packers. The packer always wins with direct sales, The price at auction being 10$ over that is the proof. I’m all for middlemen and not having to deal with packer buyers, most of them are a pia. If everything was sold at auction we would’ve seen lots of cattle over 2$ this summer. Cash cattle trade for ia last week was 1.64 according to cobalt on feeder flash. I didn’t look that up for reference but 6$ under fce? 3$/hd for 84$ that’s a pretty easy 81 bucks

Fce sells them well but there are way more variables figured into that price, In my case that might be 1000+ miles of trucking. Most are sold fob feedlot. It is also very easy to set a reserve price and you can get exposure to lots of different options. Yorkton would be a more even market as everything is hauled to a central location but again has advantage to the packers that are closest to it. The labor of loading and unloading and the stress on the animals of any sale barn situation.
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801486
Posted 12/19/2023 21:53 (#10532543 - in reply to #10532469)
Subject: RE: Yankton ringing the bell fat cattle


west central Iowa		I don't understand what you meant by saying the middleman's money goes in the packers pocket long before the producers If the middle man is helping us get more money aren't they putting money in our pockets.



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lacockcattleco
Posted 12/19/2023 22:50 (#10532610 - in reply to #10532543)
Subject: RE: Yankton ringing the bell fat cattle


N.E. MT		If you don’t use the middle man the packer is stealing from you!!

Edited by lacockcattleco 12/19/2023 22:52
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clicker
Posted 12/20/2023 07:31 (#10532923 - in reply to #10532610)
Subject: RE: Yankton ringing the bell fat cattle


Southern IA
lacockcattleco - 12/19/2023 22:50

If you don’t use the middle man the packer is stealing from you!!


Yup, like thinking you are going to go to court and represent yourself instead of having an attorney
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johndeere1
Posted 12/20/2023 08:06 (#10532979 - in reply to #10532543)
Subject: RE: Yankton ringing the bell fat cattle


Central Saskatchewan Canada
801486 - 12/19/2023 21:53

I don't understand what you meant by saying the middleman's money goes in the packers pocket long before the producers If the middle man is helping us get more money aren't they putting money in our pockets.


Think about it carefully. If you think you are gonna save money by bypassing the middle man, the money you save is going straight into the packers pocket. Not sure how yours spinning this to try and trap lacock in something he didn’t say.
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801486
Posted 12/20/2023 09:14 (#10533110 - in reply to #10532979)
Subject: RE: Yankton ringing the bell fat cattle


west central Iowa
johndeere1 - 12/20/2023 08:06

801486 - 12/19/2023 21:53

I don't understand what you meant by saying the middleman's money goes in the packers pocket long before the producers If the middle man is helping us get more money aren't they putting money in our pockets.


Think about it carefully. If you think you are gonna save money by bypassing the middle man, the money you save is going straight into the packers pocket. Not sure how yours spinning this to try and trap lacock in something he didn’t say.


I have never sold fat cattle direct always through the stockyards (when there was one), thru Producers or thru an auction. I just misunderstood lacocks post. To me it sounded like he said middlemen were putting money in the packers pocket and not the producers.
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plowboy29
Posted 12/20/2023 12:51 (#10533374 - in reply to #10531925)
Subject: RE: Yankton ringing the bell fat cattle


Minnesota		+1000
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Hick
Posted 12/19/2023 20:37 (#10532371 - in reply to #10531780)
Subject: RE: Yankton ringing the bell fat cattle


Sw mn
in-too-deep - 12/19/2023 15:03

Why sell fats at the sale barn? Couldn't you find a plant to send them too? Just wondering. We sell our calves around 11 months of age and I always wonder about the finishing side of things.


Because you might want them dead tomorrow instead of waiting on pen space for 3 weeks.

Looks like Yankton paid more than the packer last week. Pretty positive.
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Womp
Posted 12/19/2023 18:16 (#10532082 - in reply to #10531617)
Subject: RE: Yankton ringing the bell fat cattle


E SD		That barn has been on fire all year.
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1030
Posted 12/19/2023 18:54 (#10532161 - in reply to #10532082)
Subject: RE: Yankton ringing the bell fat cattle


Extreme se nebr.		I have said for years the direct fed cattle trade is about as transparent as a back alley drug deal.
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outdoorswede
Posted 12/19/2023 20:49 (#10532406 - in reply to #10532161)
Subject: RE: Yankton ringing the bell fat cattle


NW MN		So which way you going with this? Dark ally and you can’t see? Or the whole neighborhood knows what’s going on out there?
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