Cattle Auctions 101 | Learning To Make Money At Auctions
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- čas přidán 4. 08. 2024
- In this video Cattle Auctions 101 | Learning To Make Money At Auctions I go over how to make more money at cattle auctions.
Want to raise cattle and make money doing it? Before you buy, learn to work the auctions. Learning to make money at auctions will have you making money with cattle quickly. By knowing the different ways to add value your livestock like good record keeping will you make money at cattle auctions.
Learn how to be wise when buying at auctions. If you want to build a profitable commercial herd you need to understand what you can do to increase the money you make or the money you save buying or selling calves at auction. Because knowing how to work an auction, will allow you to start making more money with cattle. Making money with calves, requires that you understand how adding value to your calves brings higher prices.
Plus a shout out for a new channel.
Mom Gone Domestic / @nicholelovins
Back To The Wood by Audionautix is licensed under a Creative Commons Attribution license (creativecommons.org/licenses/...)
Artist: audionautix.com/ - Jak na to + styl
Hope you enjoy the video. Making money with cattle requires that you learn how to take advantage of every added value you can .
Thanks For Watching
Great info and good to learn for putting together plans. Thanks Cobba!
Well, farming is like any other profession, the more you learn about it the better your chances to avoid setbacks. God bless ya Cobba, good hearing from you. ~ Rich
Not that I'm looking to raise cattle, but I just learned more in the last 30 minutes than I ever thought about knowing. Thanks!
Thank you, and you never know when information you learn while maybe not needed for your life is shared by you to someone who does need to hear it. God bless and have a great weekend. ~ Rich
Great video Rich. Well done and well spoken, then again I would expect nothing less from you. - DJ
Thanks DJ, I'm glad you enjoyed it. God bless. ~ Rich
Good info , and absolutely true to the last word . Gotta be smart , and think ahead always . variables happen .
Thanks Michael, your very correct you have to in any business keep in that "what if mode" and be flexible if you want to succeed. Failure to do that will let something is going to sneak up on you and bite you in the tush every time. :-0 god bless you my friend and I hope your week is going great. ~ Rich
You are a true cattleman! Cattle are raised for a purpose, but should also be done with respect to the animal. Quite often not seen at the auctions.
I never tire of watching cattle graze. Especially at calving time!
Thank you for your wisdom!
Thank you Glenda. It's always funny that when you talk to folks that raise cattle most will first brag about the money they made for a sale, but then will begin talking about the cattle themselves, there personalities, the things they used to do, and often end with I really miss having that cow around. You just can't help bonding with those beautiful, caring animals. You can spend hours watch spring calves out playing in tall grass on sunny day, you have to tell yourself " I have work to do I can't stand here all day". When you really want to do just that. :-)
I really don't like taking cattle to auction, could be why I mainly did farm to farm sales. I hated the thought of the stress it would put on the cattle. God bless and I hope you have a great weekend. ~ Rich
very good advise thank you!
Thanks for all the info
Glad you enjoyed it. ~ Rich
Sensible advice enjoyed it..subscribed
Thanks and welcome. ~ Rich
Thanks for the information. You gave us gems. 💎💎 I had to subscribe. MURIKA 🇺🇸🇺🇸
Thank you. ~ Rich
I subscribe! Thank you Rich.
I'm glad you dropped over there, Nikki and her family are real and wonderful people, I think you'll enjoy following her adventures. I hope you did well through the storms last night. God bless you and yours. ~ Rich
Great info thank you!! Will have to check out your shout out as well!! I keep meaning to go to our local action. I guess is it kinda famous (locally at least) and has been around forever at the Hillsdale County Fairgrounds up here in MI. Every SAT. I think there are only 2 SAT's a year it doesn't run and I think that is fair time. And there are 3 or so others in the area. Anyway, I got a ton learn about all that auction stuff :) - Mike
There is a ton of information you can get from auctions like, who in the area is raising top of the line stock. The auctions house has information about how their auction operates, like payment methods, when you have to deliver stock for auction, how your paid, how you pay for your purchase, how the auctioneer calls bid, IE... by pound or hundred weight.
You can pick up some good information by listening to some of the folks talking. Sometimes it's just entertaining. So yes, it's a great way to learn about the process before you are there and a buyer or seller.
I recommend looking at the condition of the holding pens, and the way they handle the livestock and check the animals overall condition. Sometimes it can help you decide if this is a place you really want to buy or sell at. God bless. ~ Rich
Great job Rich. right now I'm able to buy Holstein bull calves for $85 direct from the farmer. they run about 100# lasst year the price was very high $200 range I didn't buy any then I sold all I had. as for size. I use to run them out at around 1800# I was getting docked. My buyer told me they are too big for the packing facilities to handle.now they are gone before 1200#. yes mine were pasture run grass hay little corn fed. humane, no stress care. You have it right Rich. God bless - Tracey
Tracy, that is something that anyone involved in cattle learns, sometimes growing livestock can start costing them a bit. Too large can effect who will be bidding. With Beef cattle (Steers) about 800 to 900 lbs seems to be the sweet spot at auction. You have a larger bidder base looking to buy in that range. Holstein as you know are one big critter, so you can get by with extra weight. lol This stuff boils down to finding that spot that attracts the most buyers at the sale. You always can do pick up a bounce in price when they are grass fed. God bless. ~ Rich
Thanks
Glad you enjoyed the video. Hope your having a great week. ~ Rich
Really good video.
Glad you enjoyed it ~ Rich
Some times the the big boys bid small groups of good cattle way higher than the market. It could be a power struggle. Or they could just be trying to raise the market report to get more cattle to be brought in to town. It is nice to be the seller when this happens. Usually the buyers collude and you get much less.
Get on with it. We know what you're wanting.
Well I was not expecting that! I feel famous, and blessed just being mentioned by you lol! If I can make friends, get encouragement, and help just one mom or family.... then getting over my stage fright will all be worth it for me!
Ok, now about the actual video lol! I know I have asked you about cattle before, and that is because I am always looking for ways to get good quality meat, but certainly not food chain style lol( yuk) so recently I have been doing research on buying a whole cow. But it's pretty expensive from a farmer. So would it be cheaper to try an auction? Or can you even get good quality at an auction? I may just have to come to Tennessee and go to an auction with you. Although I still think it would be cheaper to buy a baby and raise it.
Well maybe not a auction. I don't want a sick cow for my family.... hmmm??!!
Here I give you a shout out, and you give me back a tough question. LOL Here is the first thought, start looking looking for some CSA's (Community Supported Agriculture) you'll find that a lot of organic farmers use them to move product. I would look at CSA's south of Springfield. The reason for that is land, labor stuff like that gets cheaper in southern IL. so there operating expense is down from the northern half of the state. Some may even sell grass fed beef. I did a quick check and there are CSA's like this one - Dearing Country Farms in Bloomington : www.dearingdesigns.com/farm/meat.htm
They came up in a search for CSA's in S. IL. their price Is a bit high at $7.00 lb + processing, but,I'm used to TN pricing of $4.99 to $5.99 lb hanging weight.
The next option would be to contact the counties extension office in counties within your reach to get names of farmers raising grass fed beef. Then tell them what your wanting to do, they may be to help or know someone that would.
Hope that helps.
No don't buy out of a auction house and then process for meat for your family. When I buy from an auction, I isolate it for 90 days to keep a close watch for any illness, before I will expose the herd to it.
Of course that helps, although I would die before I paid 8 dollars a pound for beef. lol I would for be setting up a pasture on Josh's dads farm haha. One thing people will learn is I am cheap! lol I am probably the only girl in Illinois that would rather save money than spend money! Josh's dad only farms the land, but in slowly convincing him.... I need some acreage out there! It's 5 min from my house and where one day god willing I will have a larger homestead and build a house :) but he has been interested in mini cows before, and raising mini cows( still not sure why or even what they are or their purpose) when he retires. So maybe, just maybe :) sorry for the hard question haha! I started it with a very heart felt thank you :) lol- Nikki :)
Maybe you can tell Josh's dad you need a bit of land to raise a mini cow to eat. lol Might perk his interest !!! The question really wasn't tough, just giving you trouble. :-) Yes, that was a very warm and nice thank you and I thank you for your kind words. Nikki, I have little doubt that your channel will be a blessing to a lot of people. God bless you and yours. ~ Rich
Cows are not my thingy but a great video all the same and will visit your friends channel and sub, have a lovely evening.🙂
I'm glad you enjoyed it. :-) Nikki, has been a long time subscriber, that I got to know better after she won the drawing. Her story of the things that have molded her and her family's life is inspirational. When she talked about her reasons for thinking about starting a channel of her own told me her heart is truly in the right place. Once she gets over her stage fright. LOL
She wants to encourage others, become a friend, and maybe help someone improve their life. She has always been a blessing here, and I'm pretty sure her channel will be a blessing to folks that follow her. God bless you and yours. I hope your having a wonderful week and you have a great weekend. ~ Rich
Very informative. So Steer should be in the 750lb range to draw best prices....how about yearling heifers where the mothers weaned them....for best "cost advantage" at auction should they be 400lbs or 550lbs or 650/700lbs.
I bought yearling heifers averaging at 380,525,620,640,650,700, 775lb ranges for my breeding stock...the only one I disliked was that was under 400lb one...she appeared like she was ripped away from her mother the day of the auction....and is still not getting big.
My question is...these first new born heifers (off my 1st year heifers turned cows-mothers)...what's the best weight or age (in months) to bring to auction...to command best sale price? If i had to guess I say 650lbs on yearlings. Am i close?
Interested in buying a Single cow to slaughter for myself what are The best type of cow to look for an age and weight and what do they call them
What is a finished cow called at auction, or do you not sell beef at the auction? thank you
Here is a place you can look at state by state auction reports. It will show how they break out the cattle at auction. ~ Rich
www.cattlerange.com/cattle-auction-reports-results/#Reports
I would rather go to a cattle auction than a movie! They are quite entertaining!
LOL, They really can be. They were really entertaining when the prices shot through roof. Watching folks that were buying cattle as an investment, and couldn't tell a bull calf from a heifer. :-) This couple had bought a 6 month old heifer for $ 1900.00 a full thousand dollars over the last bid, They looked at some of us sitting behind them when we started laughing. the guy snipped at us and said, " when this bull grows out I'll get double the money out of him". We all really fell out with that. All I could say back wiping away the tears, " you let me know how that works out for you". All I had running through my mind is " I'd love to see the look on his face when his bull drops its first calf". LOL
My friend I was sitting with that had been in the cattle business for his whole life after he pulled himself together a bit. Leaned over to me I have in all my years coming to, or as a teenager working at the MS. auction ever seen anything as stupid as this couple. There was no arguing that. LOL ~ Rich
Can you show me how to build a perfect Chow
Please define ( Chow ) Thanks
Pro tip, 1.5 speed. You’re welcome.
Thanks for that!
when the auctioneer is calling out prices is he calling out the price per pound or the price per 100 pounds? I'm really wanting to start raising cattle but I have never been around cattle. I have a lot of questions. do you have a Facebook page that I could message you on or email?
You should always get the information the auction has available to buyers and sellers, that will tell you how the caller prices. This is often something that can change from auction to auction and depends on what their regular customers have demanded. So take some time to go to auctions around your area to become more aware of their operation.
You can email me at mistyhollowfarm311@ gmail.com God bless. ~ Rich
Skip to 6:27 for relevant info.
that music was so loud and your voice low it scared the crap out of me lol
Very old video Alex, I have been working my way through some of these older ones. So thank you for the heads up on this one. Rich
Zzzzzzzz
Thanks Loncho I'm really glad you enjoyed it or at least the nap. ~ Rich
Your slow to get to the reason for the video you talk way to much
Well Wayne thank you for your input. One of the great things about the internet is that nobody is tied to a chair and forced to watch a video. I have always found it very simple to just click off a video I am not enjoying. I really hope your having a great week. ~ Rich