Cattle costs are advancing for all courses of cattle. Costs for Oklahoma feeder steers (below 700 kilos) and heifers (below 650 kilos) have elevated 12-20 % because the finish of 2022. Larger steers and heifer costs have elevated 5 to eight %, nonetheless weighed down by excessive corn costs. Fed cattle costs on the finish of March are up about 6 % from December 2022.
Costs for Boning slaughter cows in Oklahoma are up virtually 39 % from December and have been $98.24/cwt. on the finish of March for common dressing cows. Common dressing Breaking cows have been $104.74/cwt. and common dressing Lean cows have been $92.69/cwt. on the finish of March.
Cow values
Bred cow values are seasonally increased going into April however it seems that the lingering drought circumstances is holding bred cow values considerably decrease than in any other case for this time of yr. Given rising expectations that drought circumstances will average by means of the approaching months, bred cow and heifer values are more likely to enhance sharply by this fall.
Present bred cow values for Medium/Giant No. 1 cows, 5-8 years of age, second trimester (T2) bred, 1100-1200 kilos in Oklahoma have been $1332/head final week. Youthful (2–4 year-old) cows averaged from $1300 – $1550/head for second to 3rd trimester cows. Primarily based on prior analysis and present broader market circumstances, bred cow values would doubtless be $100-$300/head increased with out drought impacts.
What can we count on for bred cow values later? Once more, assuming drought circumstances present important enchancment, bred cow and heifer costs will doubtless enhance dramatically, starting, maybe this fall, and into 2024. Primarily based on the earlier analysis, together with seasonal patterns and fall futures market values for feeder cattle and corn, the 5-8 yr outdated cow at present valued at $1332/head might simply enhance to $1700/head or increased by this fall. I count on bred cow values to more and more replicate and incorporate expectations for increased calf costs within the coming months.
The long run
The prior analysis additionally offers insights into the vary of values for bred cows. The bottom cow described above assumes common high quality. Variations from low to top quality lower or enhance worth of the cow by roughly 15 %, about $200/head much less for low high quality to $200/head extra for prime quality cows in comparison with common high quality. On common, the worth of bred cows is highest at ages 3-5 and start to drop sharply after age 7. Bred cow worth is increased for later phases of gestation, with bred cows valued roughly $150/head extra within the third trimester in comparison with the primary trimester. Black-hided cows are valued roughly $100/head extra in comparison with non-black hided cows. Present bred cow values might vary from lower than $1000/head to just about $2000/head within the present market throughout a variety of high quality, age, stage of gestation, and hide-color elements. Cow and heifer markets are more likely to be much more dynamic within the coming months.
