market dropped?

deetu · #1 08/13/12, 10:24 AM

Some of my nine piggies that I bought at college auction have reached over 100 pounds so I decided to sell a few to make more room for the other ones to grow.
I contacted the person who said he would buy but only offered me 80 cents a pound. Another place also offered same amount but he explained that the market got flooded because of the drought in the west and everyone has to sell what they have.

Now I'm not sure what to do... sell them as roaster so as not to put more money into them since I feed commercial food and not produce on land.... hold on to them till they are bigger and hope market comes back but still feed them.... sell all but two and keep for self and sell meat...

And how do you find a slaughterhouse??? Ever try to google one?

I really appreciate any thoughts and help on this. Area auction house has their sale tomorrow...thinking of bringing just one in to see how it sells but if it sells well, would be upset I messed out on the other two...
sigh...decisions decisions

gerold · #2 08/13/12, 11:11 AM

Quote:

Originally Posted by deetu

Some of my nine piggies that I bought at college auction have reached over 100 pounds so I decided to sell a few to make more room for the other ones to grow.
I contacted the person who said he would buy but only offered me 80 cents a pound. Another place also offered same amount but he explained that the market got flooded because of the drought in the west and everyone has to sell what they have.

Now I'm not sure what to do... sell them as roaster so as not to put more money into them since I feed commercial food and not produce on land.... hold on to them till they are bigger and hope market comes back but still feed them.... sell all but two and keep for self and sell meat...

And how do you find a slaughterhouse??? Ever try to google one?

I really appreciate any thoughts and help on this. Area auction house has their sale tomorrow...thinking of bringing just one in to see how it sells but if it sells well, would be upset I messed out on the other two...
sigh...decisions decisions

You may be disappointed on the price at auction house. I have watch them and they don't bring much at the auction houses. Your best deal is to sell them for what was offered. Or put ad in local papers as roasters.
The price may drop more. The price of feed will rise quite a bit due to the drought. Corn and soybean will really increase in price in the next 60 plus days.

farmerstac · #3 08/13/12, 11:51 AM

Hog were bring $0.60 for feeders. Fat hogs were$0.40 here in Northeastern Oklahoma

okiemom · #4 08/13/12, 11:57 AM

which auction was that? I have been looking for a few feeders and it seems like they are in short supply. I was wanting dark pigs no sunburn.

farmerstac · #5 08/13/12, 01:08 PM

Quote:

Originally Posted by okiemom

which auction was that? I have been looking for a few feeders and it seems like they are in short supply. I was wanting dark pigs no sunburn.

This was at Warren Livestock Auction in Kansas Ok. They will have their next auction on the 24th. They only run hogs/goats/sheep twice a month the second and fourth Friday. They had some weaners that ran through for $10 . They were wormy though.

okiemom · #6 08/13/12, 01:34 PM

I was going this last fri. but family came in. went to collinsville sale sat and red was there as usual.

wally · #7 08/13/12, 04:08 PM

fat hogs were bringing around 52 per hundred at local auctions..I did not go the the sales on friday..If I can remember I will let you know the price late tuesday..I know cattle prices are down at this time..

cooper101 · #8 08/13/12, 06:33 PM

Here, 79 cents last year, 61 cents this year. Crazy. I know a pound of bacon at the store didn't drop 25% in price.

As far as slaughterhouses, call the small butcher shops/meat markets in your area and ask. Or post a "Needed" ad on CraigsList.

I make a good profit on mine by raising them and selling them as a premium product. Market price doesn't really apply to me (so far.) If you can raise them as a premium product and legitimately sell them as a premium product, you can still make some money.

haypoint · #9 08/14/12, 04:46 PM

You can't buy $60 feeder pigs, buy the feed for them, haul water and break even when the market for 240 pound finished butcher hogs are at 50 to 60 cents a pound.

Buying them cheap, getting a supply of feed bellow market prices and creating a market that pays way above auction prices is one way to stay out of the red. Buying finished hogs and selling pork is another way to make a profit.

Soupmaker · #10 08/14/12, 04:53 PM

Quote:

Originally Posted by gerold

You may be disappointed on the price at auction house. I have watch them and they don't bring much at the auction houses. Your best deal is to sell them for what was offered. Or put ad in local papers as roasters.
The price may drop more. The price of feed will rise quite a bit due to the drought. Corn and soybean will really increase in price in the next 60 plus days.

How can you be so sure? I'm betting the other direction. I think there is more grain out there then what the markets think.

gerold · #11 08/14/12, 07:21 PM

Quote:

Originally Posted by Soupmaker

How can you be so sure? I'm betting the other direction. I think there is more grain out there then what the markets think.

I sure hope you are right. Pig feed here jumped 4 bucks per 100 weight in 3 weeks time. That's pig feed with ground corn and soybean meal. I have switch to milo and wheat mix to replace the corn and soybean meal to keep the price down.

Soupmaker · #12 08/14/12, 07:24 PM

Quote:

Originally Posted by gerold

I sure hope you are right. Pig feed here jumped 4 bucks per 100 weight in 3 weeks time. That's pig feed with ground corn and soybean meal. I have switch to milo and wheat mix to replace the corn and soybean meal to keep the price down.

Isn't wheat higher priced than corn. I wound't have any idea about milo

gerold · #13 08/14/12, 09:04 PM

Quote:

Originally Posted by Soupmaker

Isn't wheat higher priced than corn. I wound't have any idea about milo

Because of the drought corn has jumped up a bit.
Today prices did drop a little hoping it will drop a bit more.
Soybean close to $ 17 a bushel ( 60 lbs. )
Corn around $. 8.35 per bushel ( 56 lbs. )
Wheat around $ 8.10 per bushel ( 60 lbs. )
Grain sorghum (milo) $ 13.65 per 100 lbs.

Most times i think wheat is higher price than corn but not right now in the market here. Milo i get at a cheaper price then regular market price.
With soybean and corn so high i save a bit with the mix i will be using until the price of corn comes down. There is a down side the protein is not quite as high.

Best,
Gerold.

deetu · #14 08/15/12, 09:55 AM

Well, decided to bring them to auction but it rained and I wouldn't have been able to get my truck up the wet grass (should have gotten the optional 4 wheel drive) Tiny feeders (under 50 lbs) brought between $40 and $57. There were none larger so I have no idea what they would have sold for. Week before, uncut hogs sold for 40 cents a pound.
Mind you, mine would have sold for at least the 80 cents offered because I would have brought them home if they tried to get them for 40 cents a pound.

Still haven't been able to find slaughter houses in my area. I am near PA too so that is also an option.
I want to sell at least five now and see if I can find people who want to buy meat for the others.

WildernesFamily · #15 08/15/12, 12:51 PM

Don't google "slaughterhouse," google "meat locker" instead. That is what they are called here anyway, or even just "locker." Our lockers come to our farm with their truck, shoot the pigs, skin, eviscerate and then take only the carcasses with them to be processed. There is another that has pens that you can offload the pigs into and they take it from there.

Vickie44 · #16 08/17/12, 03:16 PM

Meat Processing in Pennsylvania

Hairsheep · #17 08/19/12, 12:35 PM

Yeah, I'd say the market is going to drop as the feed prices raise....There will be a large increase of folks dumping their pigs on the market....Those coming in late, when get the least.....IF you can afford the higher grain markets or find different feed source(your local bread outlet, for instance), you COULD weather this years drought, into next year, when there are fewer pigs on the market...I too, have York/Hamp mixes, and am contemplating the same as you.

Okfarmer · #18 09/30/13, 08:52 AM

Sell them.