Edmonton farm show pen of 10 sale

[ALLFARMER]

I was not at the sale but a friend said bred heifers
went $1500 to 1900

[ALLFARMER]

Had a very nice time in Red Deer met allot of very
friendly people. Tried to pay a guy for loading an
alleyway section on my truck, wouldnt take the
money.

Buddy just texted me the last few bred hfrs sold
for 1200 to 1300 ouch

[SADIE]

Just came out of Fall Fair in Saskatoon. There was a smaller group of breds that sold this year.

This is pen of 3 breds. Most $1900-$2050 ea.

Saskatoon SLS sale the day before had Bred heifers with may calving bringing alot less $$$. Don't have the information on quality from that sale. That sale is always soft.

Agribition sale is in two weeks. The breds are down for that sale as well. Anticipate a sale stronger than what was at Saskatoon Fall Fair it always is.

In general the word is way less bred heifers in the country this year. That is how Saskatchewan is shaping up IMHO.

[ASRG]

When bred heifers get down to $1200 I doubt anyone made much money?
Do any of you guys think this "early winter" will drop demand for bred cattle?

[SCS]

At the Edam Fall Fair, end of Oct. the Breds averaged $1655. High of 1950.

[ALLFARMER]

In my view when a rancher wants to buy
commercial working cows he goes to dispersal
sales. The AB ag cattle sales listings are most
often over priced speculators. Farm shows (at
least Edm) are guys expecting to be paid a
premium for cleaning their animals and pointing
out how great they look.

Look at Peak Dot Ranch - the bull 'Old Post' was
just an average - good looking/working
commercial bull worth a few 3 or 4 thousand buck.
Now dressed up he's worth what 75 or 100k??

My point is there are lots of very good quality, pay
the bills cattle out already on working ranches.

[ASRG]

Saskatchewan prices from another site:

"
--------------------------------------------------------------------------------

Went to a 500 head cow sale today at the stockyards,fancy 1000 to 1100lb heifers,black or reds out of a dispersal sale bred 4 to 4plus months top ones sold for $1200 down to $1100,average heifers were $1000 to $1150.Best cows were maybe as high as $1100 but not that many sold that high,average cows $800 to $1000 and probably at least 1/3 of the bred cows were bought by a order buyer and headed to a slaughter plant.I was talking to a friend that is a market representative for that stockyards,and i told him i should have bought those fancy heifers and then just resold them privately for $1400.He said good luck with that,lots of people are asking big money for there heifers,but the ones that are being sold are in that $1200 range,and the guys asking $1400 they still have theirs and are still looking for buyers."

[ALLFARMER]

Ok so what you saying is I way over paid for the
$1250 light open heifers I bought this spring .

Irrational exuberance on my part

Sounds like ranchers still running for the exits

Grass was thin here this year my calves averaged
462lbs and averaged $1.57

[ASRG]

Not necessarily. That was one sale in Saskatchewan....probably not the best of weather that day?
If you never take a chance, you'll never win! The long term outlook still makes your buy look pretty good.

[grassfarmer]

Yep, and I told you that at the time Allfarmer - all
these folks with grand plans of buying gathered up
auction market feeder heifers and running them with
bulls to sell onto another guy who would pay $1800-
$2000 for them. Didn't think it was going to happen.
Many of the successful operators still running cows
breed their own replacement heifers - a lot of the
opportunists and fair weather ranchers quit in recent
years.

[ALLFARMER]

There are known knowns. These are things we
know that we know. There are known unknowns.
That is to say, there are things that we know we
don't know. But there are also unknown
unknowns. There are things we don't know we
don't know.

[smcgrath76]

Collectively we must know it all ...
Unless we don't know that we know!

I think that basic math skills and risk/reward raised its' ugly double
head to keep a lid on things. That and $14 canola.

[grassfarmer]

Yeah, 28 bu canola at $14. Wonder what basic math
skills will lead to on that front next year - more
canola or more cows?

[smcgrath76]

GF - might be a case of understood risk.
Understood risk - no rain = no crop can
happen any/every year.
Less understood risk - E coli shuts down
large commodity player.
A lot of folks would pick the understood
risk over the less understood one.
Also, the beef business tends to be slow
and steady wins the race. I think in
grain it may be easier to envision the
big profit potential on the way in.

[ALLFARMER]

Talked to a guy from Westlock I know at Red
Deer farm show. I asked him how his canola did?
He says it did ok (kind of frowning) so I ask what's
ok? He says it did 50 .....poor guy.

Preg checked 123 cows in 2 hours today 14 open
going to town girls!