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Performance Bull Sale Reveals Bearish Bull Market
SPRINGFIELD, MO.
The 93rd Southwest Missouri Beef Cattle Improvement Association’s performance bull sale held March 25 at the Springfield Livestock Marketing Center proved to be very bearish according to Eldon Cole, livestock specialist with University of Missouri Extension.
The overall average was $2,903 on 30 Angus. One Gelbvieh and five Charolais did not receive the floor price of $2,000. Six Angus also were no sales.
Following the sale, comments among attendees seemed to indicate the last year’s weather might be part of the cause for low prices.
“The short hay supply in 2018, along with the elevated price of hay and supplement needs has negatively affected beef cattle profitability resulting in a more conservative approach to bull buying,” said Cole.
Some attendees also felt there had been a significant reduction in cow herd size which may reduce the need for bulls at this time.
“Another observation is there’s been a large number of bulls offered for sale this late winter and spring. Many of which are from other states,” said Cole.
The bulls offered at this sale represented a collection of bulls worthy of a better than average price according to Cole.
“Most of the bulls had been genomically (DNA) evaluated which boosted the accuracy of their expected progeny differences (EPD),” said Cole.
The top price of $6,000 was a consignment from Truman L. Wiles, Willow Springs. The bull was a son of KCF Bennett Southside. He was purchased by Brackenridge Brothers, El Dorado Springs, a consistent buyer of top bulls at this sale for 25 years.
Several bulls were priced around $4,000. Adam Arnold, Lamar purchased one for $4,300 from Clearwater Farm, Springfield. Two Angus bulls were taken at $3,900. Naylor's Angus, Buffalo entered one and Blue Mound Angus, El Dorado Springs entered the other. Respective buyers were Julius Fraley, Houston and John Branham, Stella. Fraley was the volume buyer for the evening with the purchase of three bulls.
The next sale will be Oct. 28 at the Springfield Livestock Marketing Center. ∆
A $3900 bull sold by Blue Mound Angus to John Branham, Stella awaits the final bid.
Angus bulls lined up ready to enter the sale ring for bidding.
Photos credit: MU Extension
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