Given the high prices in all cattle sectors and optimistic expectations for the future, everyone expected a higher bull market this spring. While it hasn’t materialized to the level of the other sectors, the strength of the early bull sales is surprising some folks, particularly when you consider that U.S. herd expansion hasn’t really yet begun.

Troy Marshall 2, BEEF Contributing Editor

February 18, 2011

1 Min Read
The Bull Market Is Definitely Bullish

Given the high prices in all cattle sectors and optimistic expectations for the future, everyone expected a higher bull sale market this spring. While it hasn’t materialized to the level of the other sectors, the strength of the early bull sales is surprising some folks, particularly when you consider that U.S. herd expansion hasn’t really yet begun.

Bull supplies are likely a little tighter this spring, owing in part to the aggressive culling that was done last fall when cull-bull prices hit record highs. Thus, the expectations of what bulls are going to cost have been raised right along with the higher prices for all classes of cattle.

But, I would attribute some of the spring strength in bull sales to the fact that many forward-thinking cattlemen are looking at this year as a more economical year to purchase bulls rather than wait. The thinking is that once herd expansion begins in earnest, bull prices will be even higher.

Overall, that’s probably a pretty sound strategy. However, when one reads sale reports like that of Schaff Angus Valley’s last week, which averaged nearly $10,500 on 390 bulls, it’s hard to imagine that there could be much upside left to the bull market.

In general, bull sale prices are up somewhere between $500 and $1,500 compared to a year ago.

About the Author(s)

Troy Marshall 2

BEEF Contributing Editor

Troy Marshall is a multi-generational rancher who grew up in Wheatland, WY, and obtained an Equine Science/Animal Science degree from Colorado State University where he competed on both the livestock and World Champion Horse Judging teams. Following college, he worked as a market analyst for Cattle-Fax covering different regions of the country. Troy also worked as director of commercial marketing for two breed associations; these positions were some of the first to provide direct links tying breed associations to the commercial cow-calf industry.

A visionary with a great grasp for all segments of the industry, Troy is a regular opinion contributor to BEEF Cow-Calf Weekly. His columns are widely reprinted and provide in-depth reporting and commentary from the perspective of a producer who truly understands the economics and challenges of the different industry segments. He is also a partner/owner in Allied Genetic Resources, a company created to change the definition of customer service provided by the seedstock industry. Troy and his wife Lorna have three children. 

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