Home Crop Monitoring Drought, options to sell, among factors for early calf and yearling movement...

Drought, options to sell, among factors for early calf and yearling movement to auction

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Drought this 12 months has been a number one information merchandise for a number of months. A run-up in cattle gross sales appear to be uncharacteristically giant in quantity for the time of 12 months, however are there factors aside from drought which are driving producers to ahead promote?

“The drought really forced the issue this year and I think that combined with a general movement to direct sales and online sales has us extremely busy. We haven’t had a sale under 6,000 head on a Friday since the spring. Our volumes are like nothing we’ve ever seen before,” says Jason Danard, of Calgary Stockyards.

Danard says that there are different factors which are driving gross sales, however the drought is unquestionably a serious a part of it.

The flexibility and options to ahead promote calves are extra prevalent. Calves which are priced early are the very best, says Danard, and producers have gotten extra and extra conscious of that.

The yearling quantity is a totally completely different story — the drought has yearlings shifting a lot sooner than typical — however producers once more, are exercising their options to promote, says Danard.

“For most producers this year there was profit in the cattle and combine that with the fact the there’s been a drought, grain’s high, cost of gain is really high, all these factors made it pretty appealing for producers to get their calves or their yearlings priced ahead of time,” says Danard.

Even for dry lot cattle, in late June or early July, Danard says Calgary Stockyards was seeing a whole lot of dry lot yearlings commerce, as a result of there was revenue in them.

With enhance in provide at this level of the 12 months, Danard says that feedyards are sympathetic to the truth that producers are out of grass, there’s no place for cattle to go.

“I would suggest that industry is really working along well, this has certainly been challenging, and in general we’re getting through it,” he provides.

Hear extra from Danard, on this interview with RealAg Radio host Shaun Haney:

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