![]() ![]() We are proud of the professional buying support that competes at every sale. "We have an experienced team of very personable marketing staff who excel at looking after the producers needs and our 4 Auction Marts that cover the entire Province. We also offer competitive direct marketing options. Our up to date technology allows us to offer video and team sales. Our traditional ring sales create excitement and excellent prices at 4 locations (Kamloops, Williams Lake, Vanderhoof and OK Falls). We offer competitive and true market price discovery through multiple options. This form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.Since 1943, BC Livestock continues to be the leader in livestock market. Spam protection has stopped this request. Posted by Smith at 5:06am October 23, 2023 Combined with smaller calf crops as a whole, this will be the point when feeder cattle supplies get really tight and that prices have the strongest supply-side support. The rebuilding phase will include holding back more heifers which will mean fewer heifers sold as feeder cattle. Looking ahead at price expectations, it is worth noting that the current strong market prices have not really reflected herd rebuilding efforts yet. This is especially true for swaths of the Southeast when drought conditions have gotten severe. The increase in placements is interesting because it likely reflects producers selling now to take advantage of strong markets but also some producers being forced to sell feeder cattle a little earlier than expected due to expanding drought in many areas. To me, this report shut down any ideas that herd expansion is happening or will happen in 2023 and that discussion will shift toward whether expansion occurs in 2024. There are two sides of this: (1) heifers are helping to boost inventories now which could be viewed somewhat negatively for prices in the short term but also (2) fewer heifers retained means a smaller calf crop next year which can be viewed as supporting high price levels in the longer term. This is the highest percentage in over 20 years and indicates that producers continue to send many heifers to feed instead of retaining for reproduction. heifers on feed was released with this report and showed that 40 percent feedlot inventories were heifers (chart below). Probably my biggest takeaway from the report is the strong number of heifers on feed. Some of the increase in placements in September could reflect shifts in placement timing from a year ago rather than stronger feeder cattle totals. Feedlot inventories are following the usual pattern of growing seasonally in the fall months (chart above). It was also the first time in 2023 that feedlot inventories have been above year-ago levels. million head of cattle on feed was the second highest October 1 total since 1996 when the series began. However, there is plenty to unpack in this report that has both short term and long-term implications for cattle markets. In the current setting of tighter supplies and smaller calf crops, many might be rightfully surprised to see an increase in any cattle inventory numbers. Placements of cattle on feed were up about 6 percent driven by higher 700-900 pound placements. The latest Cattle on Feed Report raised some eyebrows as it showed a slight (0.6 percent) increase in feedlot inventory from last year. – Josh Maples, Assistant Professor & Extension Economist, Department of Agricultural Economics, Mississippi State University ![]()
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