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Paragon Perspectives Grass & Grain, July 1, 2008 Page 13 in and fuel prices where they are it is hard to envi- Paragon sion consumers supporting live cattle prices in Decem- ber around $1.15 area. With Perspectives this said technically this market look like it could continue to move higher in the weeks ahead. Feeder A commodity analysis by Ryan Broxterman cattle, as has been the case over the past several months are tied to the corn Corn which is actually up from creasing $4-5 as suggested market. With the uncertain- Most of the focus this 41.2 last year. Due to flood- by futures seems a lot bet- ty and volatility present in week will be on the 2008 ing and late planting, many ter than the $10 suggested the corn market we feel US supply. On Monday, the analysts fear yield could by the August premium producers should keep a USDA will issue a new es- fall as far as 40.5 bushels over the cash market at the very close eye on feeder timate of 2008 corn plant- per acre. These numbers start of June. Differed live Ethan McCabe, Elk City, led the champion Angus- cattle prices. ings as of June 1. They will point to 2008 soybean car- cattle contracts were mod- based steer at the 2008 Kansas Junior Angus Preview try to adjust the numbers ryout in the range of 45 erately higher for the The information contained Show, June 7. Photo by American Angus Association. due to weather conditions million to 175 million week, continuing to find herein, while not guaranteed as since June 1, but they will bushels. We will continue speculative buying behind to accuracy or completeness, is also have a special six hold off on any additional the all-time highs in corn obtained from sources believed state survey and results of new crop soybean sales. futures and higher beef to be reliable. Any opinions or that survey will not be Wheat prices. Feeder cattle on recommendations expressed are based on the author’s judg- available until August 12 There was talk last the other hand continue to ment, and no guarantee is crop report. The average week from USDA Secretary be tied to the corn market, made that profits will be trade guess for Monday’s Ed Schafer that the agency which drove them down achieved or losses will not be report is 85.3 million acres may soon decide if they last week. incurred. Recommendations which is down from the will allow a portion of the Thoughts: We continue to made should not be construed March estimate of 86 mil- 34.6 million CRP acres to remain neutral the live cat- as an offer to buy or sell com- lion acres. be released early without tle market. We feel that modities. Thoughts: Corn demand penalty. He said a decision even with the strong gains Chris Haverkamp is Presi- for the 2008/09 crop year is must be needed in advance posted in cash cattle this dent of Paragon Investments, Inc. a Full Service and Dis- currently estimated at near of fall winter wheat seed- week we will have trouble count Commodity Brokerage 12,510 million bushels. This ing in order for farmer to reaching the price levels firm located in Silver Lake, would suggest a carryout of have adequate time to pre- currently indicated by the Kansas. Please feel free to con- 240-673 million bushels pare the ground for a crop. differed futures contracts. tact Mr. Haverkamp by phone Esther McCabe, Elk City, owns the reserve champion using USDA’s current yield That decision is expected With the US economy in at 888-452-8751 or email: (chris commercial steer at the 2008 Kansas Junior Angus estimate of 148.9 bushels in the next couple of the current state that it is @ piitrader.com). Preview Show. Photo by American Angus Association. per acre and the average weeks. Current trade esti- trade estimate for Mon- mates for US June 1 wheat day’s acreage report. So stocks are at 261 million long as demand can hold at bushels, down from 456 last 12.5 billion bushels, this year. should present an exciting Thoughts: It doesn’t look time for farmers as carry- like we will get the expect- out number indicate that ed harvest pullback every- prices will continue to rise. one has been looking for. Soybeans Yields have been looking Combination of new in- good across most of wheat flation concerns and talk country so far; however, that US 2008 soybean sup- the trade has chosen to fol- ply may not reach USDA low the corn and soybeans latest estimate offered sup- rather than follow the har- port. Analysts are current- vest. We feel the wheat ly estimating that on Mon- market has upside room day the USDA acreage re- and also feel that it will be port will show 2008 soy- a follower of the corn and bean acres near 74.2 mil- beans in coming months as lion acres, which is down we being to talk about buy- slightly from 74.8 million ing 2009 acres. acre estimate in March. Cattle This decline is due to a Live cattle futures were post March report switch to supported last week by the corn by farmers. sharply higher cash mar- Thoughts: Soybeans ket. Cash cattle traded $4-5 much like corn continue to higher than the prior week look to have a very tight trading mostly at $98-99 08/09 carryout. The USDA and $155 in the meat. With is currently estimating a a strong advance in cash national soybean yield of cattle this week, the odds 42.1 bushels per acre, of cash cattle prices in- COMM. CATTLE AUCTION MANHATTAN CO. INC. EVERY FRIDAY 1-800-834-1029 STARTING 9:00 A.M. ON CULL COWS Toll-Free FOLLOWED BY STOCKER FEEDERS — 11:00 A.M. B OFFICE PHONE 785-776-4815 • OWNERS MERVIN SEXTON & JOHN CLINE No Sale Friday, July 4th. We will have our Regular Sale starting July 11th. ENJOY THE HOLIDAY! For our sale Friday, June 27 a light seasonal run HEIFER CALVES — 500- LBS. Kevin Wenderott Alma 1 herf cow 1585 @ 62.00 of cattle found very good interest at strong prices Ron Deters Goff 4 blk hfrs 522 @ 113.00 John E. Cline Onaga 1 blk cow 1390 @ 61.75 Ron Deters Goff 3 blk hfrs 435 @ 112.50 Eugene Bock Beatrice, NE 1 Herf cow 1085 @ 60.25 on the kind offered. Cull cows and bulls sold from Ron Raub Frankfort 6 Herf hfrs 413 @ 106.50 Paul Roggenkamp Wheaton 1 Herf cow 1015 @ 59.50 $2 to $3 higher. Following is a partial listing. Mark Calovich Tonganoxie 5 blk hfrs 547 @ 105.25 Dave Holliday Soldier 1 bwf cow 1180 @ 59.00 Eugene Bock Beatrice, NE 4 bwf hfrs 490 @ 105.25 Dave Nichols Manhattan 1 blk cow 1630 @ 58.25 STEER CALVES — 550- LBS. FEEDER HEIFERS — 550+ LBS. Dan Coates Baldwin City 1 cross cow 1205 @ 57.25 Dave Holliday Soldier 3 blk strs 511 @ 119.75 Gene Ruthstrom Leonardville 7 blk hfrs 600 @ 109.00 Bays Farm Maple Hill 1 blk cow 1215 @ 53.75 Don Pfuetze Eskridge 4 Angus strs 525 @ 117.25 Mark Calovich Tonganoxie 5 blk hfrs 663 @ 102.00 FEEDER STEERS — 550+ LBS. Mark Calovich Tonganoxie 3 blk hfrs 775 @ 101.75 COW/CALF PAIRS Don Pfuetze Eskridge 6 Angus strs 561 @ 116.75 Charlie Peterson Riley 3 bwf hfrs 526 @ 100.00 Larry & Melissa Kiehl Easton 10 cross 1264 @ 1300.00H Bob Vanwinkle Corning 3 blk strs 568 @ 116.00 Mark Calovich Tonganoxie 7 blk strs 578 @ 113.75 BULLS — 1500+ LBS. Charley McCormick Lebo 14 blk strs 810 @ 110.60 John Masek Odell, NE 1 blk bull 1800 @ 71.25 EARLY CONSIGNMENTS FOR Dennis Schwant Blaine 7 blk strs 597 @ 109.75 Stallbaumer Bros. Centralia 1 blk bull 1685 @ 71.00 Justin Boswell Onaga 24 mix strs 841 @ 108.85 Alan Hubbard Olsburg 1 Herf bull 1920 @ 70.00 FRIDAY, JULY 11 Charley McCormick Lebo 42 mix strs 909 @ 108.35 110 black & xbred steers, 900-950 lbs. Bob Vanwinkle Corning 3 blk strs 656 @ 108.25 COWS & HEIFERETTES — 740-1,630 LBS. 55 choice reputation Hereford feeder steers, Dennis Schwant Blaine 4 blk strs 696 @ 106.50 Larry & Melissa Kiehl Easton 3 cows 806 @ 100.00 Mark Calovich Tonganoxie 5 blk strs 722 @ 105.50 Kurtis Glessner Alta Vista 2 bwf cows 742 @ 99.75 900-950 lbs. Paul Roggenkamp Wheaton 4 Herf strs 775 @ 104.75 John Slocombe Manhattan 1 blk cow 825 @ 95.00 50 choice reputation Hereford-x steers & Paul Roggenkamp Wheaton 8 Herf strs 870 @ 102.50 John Walker Harveyville 1 bwf cow 1105 @ 63.50 heifers, 2 rounds shots, 450-650 lbs. Eugene Sperfslage Seneca 15 Hol strs 575 @ 75.50 Mark Calovich Tonganoxie 1 blk cow 1385 @ 63.00 ——————————— FIELD REPRESENTATIVES — Visit Us On The Web — www.mcclivestock.com —————————— JOHN CLINE SAM GRIFFIN BRENT MILLER ALAN HUBBARD MERVIN SEXTON BILL RAINE TOM TAUL JEFF BROOKS BRYCE HECK ONAGA BURNS ALMA OLSBURG MANHATTAN MAPLE HILL MANHATTAN BEATTIE LINN 785-889-4775 620-726-5877 785-765-3467 785-468-3552 785-537-7295 785-256-4439 785-537-0036 785-353-2263 785-348-5448 Cell: 785-532-8381 Cell: 620-382-7502 Cell: 785-587-7824 Cell: 785-410-5011 Cell: 785-770-2622 Cell: 785-562-6807 Cell: 785-447-0456 Page 14 Grass & Grain, July 1, 2008 Kansas City home this week to youth shows Working ranch cowboys Four beef breeds, Short- in the herdsman quiz and dance will follow to let members, scholarship win- horn, Chianina, Maine- show their skills in the the juniors get acquaint- ners, and the Outstanding rodeo at Council Grove Anjou, and Hereford, will show ring during the ed and meet other youth Junior Breeder.
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