L7
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Managment
Limou
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40th Annual Sale
April 11, 2018 • 1 P.M. CDT
At The Ranch • Pukwana, SD
Selling 60 Lots
54 Fall Yearling & Yearling Bulls • 6 Open Heifers
L7 6072D ET
9/8/2016 • Black • Homo Polled • PB
BW: 80 lbs
Adj WW: 811 lbs Adj YW: 1,392 lbs
CED: 8 BW: 1.4 WW: 64 YW: 91 MK: 36 CEM: 7 SC: 0.65 ST: 6
Doc: 25 YG: -0.24 CW: 26 REA: 0.59 MB: -0.24 FT: -0.05 $MTI: 42.60
Sired by Ivy’s Bubba Watson, this stout, purebred prospect will be a
featured lot in this year’s sale. He’s a strong example of what we’ve been
striving to produce for our customers for over 40 years. Don’t miss out on
the opportunity to add him or a half-brother to your program.
meat markets. Beef, pork and poultry exports to Mexico and
Canada represented 31 percent of total U.S. meat exports
and included 26 percent of total beef exports for the first ten
months of 2017. Both the U.S. and South Korea have suggested
a possible renegotiation of KORUS-FTA, which could impact
the number two beef export market. International beef
markets and trade policy are also factors to watch in 2018.
Domestic and international beef demand will determine
cattle and beef price pressure relative to increasing beef
production. Modest price pressure is expected at this time
but any threat to demand would quickly result in additional
price weakness. Larger down-side price risk means that risk
management takes on an added importance in 2018. While
cattle producers cannot have much impact on overall
market price levels, they may be able to reduce the risk
of lower individual prices with risk management tools.
Producers will have challenges to maintain profitability in
2018. Lower prices increase the likelihood of lower revenue
and puts additional emphasis on production and cost
management in the coming year. The beginning of a new
year is a good time to evaluate all aspects of cattle operations
for the coming year including major budget items such as
forage management and use; harvested and supplemental
feed use; and machinery costs. Overall production costs
are expected to remain stable in 2018, though rising
interest rates may impact debt management at some point.
Maintaining profitability this year in the face of lower prices
will require increased production and/or reduced costs.
Cattle producers are watching a variety of external
factors that may impact cattle and beef markets this
year while focusing management on resource use
and cost of production. Profitability will likely be
squeezed but decent returns are possible in 2018.
L7 Bellagio 4015B was the high selling bull in our 2015 sale. This year’s
sale will feature his first sons that have loads of muscle and performance.
• Performance, Ultra Sound & Scrotal Data Available
• Free Delivery to Central Points in SD & Surrounding States
• All Cattle Fully Guaranteed
L7
’s
erson
Bar
Pet
Limou
sin
34715 255th Street
Pukwana, South Dakota 57370
Rod & Wendy Peterson Families
Rod: 605/894-4470 • Cade: 605/730-0705
Quin: 918/625-2500
24 | FEBRUARY 2018
[email protected]
www.petersonsL7bar.com
Best wishes for a happy and prosperous new year! I