MARKET COMMENTARY:

I still believe one of the prettiest sites in Western Iowa is a cow herd grazing in a pasture. To think this is the start of a cycle that will help fill the protein needs of a hungry world. Thank you to all the Farmers/Ranchers for all you do. It was great to see everyone at the St. Mary’s Parish auction in Panama.  Well over $50,000.00 raised by folks just wanting to help. Gotta love small towns.

Fed Cattle/Weigh Cows Tuesday, June 11th:
The fat cattle market at auction continues to hold positive surprises. The top trade for the last several months has been right through our auctions. Auction trade is $2-4 better than country trade. Weigh cow market was dollars higher again last week. Top fed cows in the uppers $70’s with a few in the low $80’s. Bulk of lean cows $58-$70.00
Fat Cattle (121 head):
Str. Top - $119
Str. Choice - $113-$119
Str. Select/Choice - $106-$114
2-Ways - $no test
Hfr. Top - $117
Hfr. Choice - $115-$117
Hfr. Select/Choice - $110-$115
2-Ways - $no test
Choice Holsteins - $86
Select Holsteins - $no test
Fat Hfrts. - $85-$105
Weigh Cows 482 head):  
Fed Cows: $68-$82
Lean Cows: $58-$70
Low Yield: $45-$58
High Yielding Bulls: $90-$98
Bulk of Bulls: $87-$94
Cutting Bulls: $90-$110
Preg open hfrs: $100-$116
Hfrts: $75-$94
BRED FEMALE/PAIRS/BREEDING BULLS, TUES, JUNE 4TH:
We sold over 1100 bred cows & pairs. The good young cows were bringing $1700-$2000 and we saw sharp increases in solid mouth cows (mostly due to a high quality supply). Solid pairs from $1250-$1750. Good strings of fall breds from $1150-$1400.

Feeder Cattle Auction Friday, May 31st:
We had a lighter run of feeders on Friday. Thursday & Friday’s limit lower losses obviously pressured feeders. Surprisingly buyer activity was excellent. Here are a few results
6   Strs 424# @ $187.00
14 Strs 561# @ $168.75
9   Strs 653# @ $151.00
20 Strs 816# @ $136.25
8   Hfrs 514# @ $158.00
9   Hfrs 583# @ $150.00
76 Hfrs 875# @ $123.00
28 Replacement Hfrs 818# @ $129.00

Next auction is on Friday, June 21st @ 10:30am