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Friday, May 6, 2016

Mixed market a week after Mad Cow report

Tuesday, January 6, 2004

Livestock auctions saw mixed results a week after Mad Cow disease was discovered in a Holstein cow slaughtered last month in Washington state.

Buyers and sellers alike wondered what the fallout would be from the discovery of the first U.S. case of the disease, which reversed a trend of record-setting cattle prices and sent cash and future prices for cattle tumbling.

Allen Venteicher, co-owner of the Massena Livestock Auction, in southwest Iowa, refused to cancel last Tuesday's sale.

"I think that's just playing right into the hands of the people who've got a sour taste in their mouth," he said.

The sale was held and some animals sold for about $80 per hundredweight. Others sold for more than $100 per hundredweight. Although prices fell short of last fall's high-dollar market, when prices topped $110 per hundredweight, prices weren't as depressed as some had feared.

Bill Behnken, who farms near Massena, sold 57 feeder calves. Prices were down about $20 from a month ago, but Behnken was happy with what they received.

"We got everything we expected," Behnken said. "The price was a little lower, but considering the dilemma we are in with the Mad Cow case, it wasn't too bad."

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