Cattle sales increase good for buyers

POSTED: Tuesday, June 21, 2011 - 5:03pm
UPDATED: Friday, April 13, 2012 - 9:54am

WACO -- Waco Livestock has seen more cattle coming through the auction in recent weeks.

Jody Thomas, owner of the Waco Livestock, said he has seen that the numbers in cattle have gone up.

"Probably over the last month or six weeks, the cow numbers, packer cow numbers, probably were doubled or tripled at the sale barns here local and in surrounding areas," said Thomas.

Sam Crain, a livestock buyer, said due to the recent drought, farmers are having a difficult time raising cattle.

"All your farmers are out of hay. They don't want to feed hay all summer, and the grass is burn up, so they're having to take them to market," said Crain.

Auctions occur on every Tuesday, and more and more people are showing up to get rid of their cattle.

And buyers like Crain have seen a ten cent decrease in most classes of livestock over the last three weeks.

"Anytime the price drops, it's good for the packers, and if and when it comes to the grocery store it'll be good for the consumer," said Crain.

Thomas said even though cattle costs are lower now said he has seen this trend before.

"Ah, I've seen this lots of times. I've been in the sale barn business since 1996, and we had a drought in 1996, I think was actually worse than this one," said Thomas.

Crain said with a good rain people would be able to keep their herds and avoid taking them to auction.

"You wouldn't have the drastic sell off as you're having. You're having total herds sellouts, because of the lack of feed."

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