I see another of the big shows was cancelled today. I wonder if that at some point starts to put a lid on the ridiculous prices paid for show prospects? Hard for Mom and Pop to shell out big bucks for Junior’s show prospect(s) when there aren’t any shows to show them at.
"Es mejòr murir en pie que vivir de rodilla." - Emiliano Zapata
Prices on average quality show cattle took a downturn shortly after the first few shows cancelled last year. The true top end cattle will always have high value and in typical fashion it's the middle of the market that sees the greatest swing in times like these. The OKC show will replace Denver and I think there will be significant changes to what NWSS looks like moving forward since they fired all the livestock staff. I don't know how they can plan a show without employees to do all the planning work.
As long as the beef prices stay high there will be value in those steers and the cull cows that are sold directly to the consumer in boxed beef. Custom slaughter facilities are booked out over a year in advance in my region and beef customers are buying processed beef as fast as we can cut and wrap them. It's the guy that has to take them to the auction that gets the short end of the stick. I met a guy at the butcher the other day that paid $1/lb live weight on a fat steer he bought once the show got cancelled. He was lucky in that he already had a kill date.