KC Sheperd, Farm Director, is back talking with Bob Rodenberger, a Stockman Oklahoma Livestock Marketing partner, as he gives the latest on the cattle markets.
Rodenberger said that he’s heard from several producers that they’ve never seen it go from as wet as it was last spring, to as dry as it started getting July through October, to their ponds being refilled in two days of rain. Farmers whose wheat was already emerged are thrilled with the rain, but those who dusted it in are concerned that it may have washed away.
He said that the runs have been lighter, but the feeder market remains steady. “They didn’t get $1.90, what they were trying to get on fats,” he said. “I think they are bidding $1.85. Nobody sold any, but the calf market, I thought to myself, how can it be any higher? It was higher, yesterday.”
He related how people had been waiting for a good rain to buy calves, and after they rain, they bought them.
Rodenberger expects lighter runs again next week, as more rain is on the way, making access to the pastures and pens difficult at best. With the Holiday season quickly approaching, he said Apache will only have two more sales in November, and three sales in December before closing for the Christmas season. It will open again on January 9, 2025.
