say ERS analysts , in the May Livestock , Dairy and Poultry Outlook That ’ s with a forecast season-average farm price for corn of $ 6.75 / ( LDPO ). “ The average annual feeder steer price is expected to bu ., according to the May World Agricultural Supply and Demand climb to $ 198.00 / cwt . in 2023 , $ 35 (+ 22 %) than the projection Estimates ( WASDE ). The price would be 85 ¢ more than the previous for 2022 .” year and the highest average price since $ 6.89 in 2012-13 .
So far this year , ERS analysts point out the faster pace of placements and slower than expected fed cattle marketing resulted in the largest Fed Cattle Prices Face Summer Challenge on-feed numbers recorded for the month of April .
Negotiated cash fed cattle prices continue to chop mainly sideways
“ This has likely kept feeder calf prices restrained , given late-2022 and likely will be challenged by plentiful summer supplies before fed cattle prices implied by the futures market for late 2022 ,” say ERS turning the corner higher . analysts . “ The third-quarter 2022 price forecast is raised $ 1 , but the ERS increased the annual average five-area direct fed steer priced fourth-quarter 2022 price is lowered $ 2 , for an annual forecast of for this year by 60 ¢ to $ 140.10 / cwt ., in the WASDE . That was based $ 162.80 / cwt ., 20 ¢ lower than last month ’ s forecast .” on current prices and expectations of tighter supplies in the second
Specifically , ERS projects feeder steers prices ( basis 750-800 lbs . in half of this year . Average prices were projected at $ 140 in the second Oklahoma City ) at $ 159 in the second quarter , $ 166 in the third quarter , $ 136 in the third quarter and $ 145 in the fourth quarter . quarter and $ 170 in the fourth quarter . Price for the first quarter of next year is projected at $ 168 . continued on page 40
PUT TO THE TEST
Utilizing only the best bulls has been a core value of our operation since we began producing seedstock more than 30 years ago . Our extensive experience running a feedlot helps us learn first-hand what genetics work best for our customers . We take pride in the ability to improve our genetics year after year , and are confident these genetics can do the same in your herd .
Wulfs Gameboy C911G ET Black • Homo Polled • 80 % Limousin
S : Wulfs Xcellsior X252X D : MAGS Dealing Magic
CE : 8 BW : 3.8 WW : 98 YW : 150 MK : 20 SC : 0.40 DC : 15 YG : -0.46
RE : 1.38 MB : 0.11 $ MTI : 67 Top 2 % WW , YW • Top 10 % RE , $ MI • Top 25 % DC , MB
Owned with Wulf Cattle and Gameboy Syndicate Semen $ 40 • Grassroots Genetics
Gameboy is the outstanding high-selling bull from the Wulf Cattle Opportunity Sale of 2020 . He is the perfect outcross for many of the most common pedigrees in the breed . His calves highlighted our 2022 Bull Sale with their long spined , attractive profile in a powerful package .
Let us be your Western Genetic Source . Call Today .
Blue Collar Bull Sale March 7 , 2023 • Toppenish , WA
BRAD BEUS Pasco , WA 99301 • 509 / 727-2082 • beuscattle @ gmail . com
• JULY 2022 39