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Has anyone noticed horse prices dropping?

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mrstacticalmedic
Reg. Dec 2005
Posted 2006-01-27 5:25 PM (#36090)
Subject: Has anyone noticed horse prices dropping?



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Location: Allegan, Michigan

Just curious if anyone is feeling the effects of the ceasing of horse slaughter in the USA.  With Congress having passed the bill to discontinue the necessary USDA inspections till October, I was wondering if anyone has noticed the dropping in prices yet?  I haven't been to any sales yet this year, but I have already heard grumbling from some local breeders about the market going very very soft thanks to congress. 

Any thoughts on this?  Maybe it is too early to tell yet. 

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HWBar
Reg. Nov 2005
Posted 2006-01-27 8:05 PM (#36097 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?



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Market is very soft around here, has been for about 3 years, a little worse this year it seems. 2000 I was selling foals by a congress winning stud for $3,500 ea. I got 4 Left this tear that I would take $3,500 for all of them.
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rose
Reg. Feb 2004
Posted 2006-01-28 9:10 AM (#36115 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?




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Location: KY
Market is soft here; registered babies are bringing well under $1000; good solid trail horses are just not selling. I believe the market is pretty well saturated at the moment. Since the slaughter market propped up prices, and now that it is gone, the only option left is to quit breeding fow awhile. Problem with that is that some good bloodlines may be lost. Oh well, the govt never has had the bid picture (IMO).
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HWBar
Reg. Nov 2005
Posted 2006-01-28 9:29 AM (#36116 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?



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We have about 12 solid mares of our own, that we breed each year to our stud(1994 Congress winner Reining) This year I only bred one of them He stands for $500 and I can't get that from babies on the ground. I'd say that is a soft market. But you know when you think about it, It is really our own fault when prices were up in late 90's early 2000-2001 we over bred everything. So I guess we'll pay for a few years with low price horses.

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flying bya ez
Reg. Feb 2005
Posted 2006-01-28 12:05 PM (#36123 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?


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Location: cedar springs mi
We brought a horse to auction and he was the second highest selling light driving horse there he brought $300. He was aged but sound in good rig. Anyone could drive him. We have a race bred brood mare that we have been trying to sell for a year now. The market has fell for them too. You can hardly sell the baby's for the money you have in them. Had a friend go to last weeks auction he said there was a beautiful foundation bred black colt went for $300.
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mrstacticalmedic
Reg. Dec 2005
Posted 2006-01-28 3:21 PM (#36125 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?



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Was that at the Lake Odessa sale or was it the Wayland Auction?  I know at Lake Odessa they have been steadily dropping in price.  I haven't made it there yet this year.  Wayland never has any good horses there, you are lucky to see one or two and nobody wants to bid em up. I am curious what the Yoder Brothers auction sale will bring in April.   I  haven't been down to Shipsy this year either, so not sure what horses are going for down there.  I just know lots of grumbling going on locally.  Seems Michigan has some of the worst prices due to our economy  all the jobs have gone out of the country.  No jobs here, no jobs, no buyers!
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hounddog
Reg. Dec 2005
Posted 2006-01-28 6:56 PM (#36130 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?


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Its BEEN bad since the slaughter issue closed the plants.Peta and others helped flood the market and lots of junk horses out there.I talked to a horse trader a few weeks ago that buys low end from OTHER horse traders.He said he passes on lots of bad ones HE won't even buy.The lay folkes(first time horse buyers etc.are buying this stuff left and right.Some horses are just making the rounds from sale to sale even several states apart.I have two bred out of 12 or so.But I WON"T drop my prices.I still see folkes buying less quality then I sell/bred for good money.Just have to snag them before some one else does.
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flying bya ez
Reg. Feb 2005
Posted 2006-01-28 8:46 PM (#36134 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?


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Location: cedar springs mi
That was at the Lake Odessa auction.My son took a horse to Shipsy auction he said they were really going cheap there.(Worse than Lake Odessa) Yea, a lot of us are losing our jobs here in Michigan. We were contract carriers for 24 years and lost our contract. Still looking for more work its been 5 months.
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ajs01
Reg. Sep 2005
Posted 2006-01-28 11:58 PM (#36141 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?


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 Come to Florida, everyone thinks their 23 wear old mare is made of gold.

Looking at the papers here you would think the equestrian lost their minds. 

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MIfarmbabe
Reg. Oct 2003
Posted 2006-01-29 8:37 AM (#36150 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?


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Well if you are needing a job in Michigan, go to vet school and become a veterinarian, especially a large animal one. There is a need for mixed animal practitioners around here!!!
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mrstacticalmedic
Reg. Dec 2005
Posted 2006-01-30 6:35 PM (#36256 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?



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Location: Allegan, Michigan
MIFarmbabe, that is the truth!  We need large animal practitioners.  If I wasn't fast approaching 40 I would go to school for it, but I would be almost 50 by the time I finished, did my clinical time (residency) etc.  I would have to start from scratch since my college credits (EMT certification) don't cross over.  So I am rethinking my career as well.  My joints can't take being an EMT much longer!  Very very hard on the back! I even went to apply at Wal Mart and Meijers, all the migrant workers are taking those jobs as well as the hurricane evacuee's brought up here.  So I think this is not helping our market at all!  Congress picked a very very bad time to shut down those horse plants!   those plant workers have families too.  What a way to boost the economy eh Congress? (being sarcastic, sorry)
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Texas Butch
Reg. Oct 2003
Posted 2006-01-31 1:11 PM (#36306 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?


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The horse slaughter plant in Kaufman, Texas which is loacated 5 miles from me is still open.  So, not sure where you all are getting your information about them all being closed.
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Champhorse
Reg. Nov 2004
Posted 2006-01-31 1:19 PM (#36311 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?


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Location: Fort Worth, Texas
Prices around here are much lower than they were 2 years ago. You can buy a well bred 4 or 5 YO QH or paint, registered, broke, show experience, very good conformation and breeding for $2,000 or less and there are tons to choose from at that price. The drought is driving prices down around here.....people can't get hay and what they can get is outrageous in price, so they are reducing their stock as fast as possible and only keeping their top horses.
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huntseat
Reg. Oct 2003
Posted 2006-01-31 1:33 PM (#36312 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?


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It's a sign that the man upstairs wants me to buy more show horses....the dropping prices make me happy

 

I bought hay this year for $30/round (nicer than my usual squares) in South Eastern OK (just above Durant) and they guy had more than he could sell.  The funny thing about hay is...you just need to know where to look!



Edited by huntseat 2006-01-31 1:36 PM
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Terri
Reg. Jan 2004
Posted 2006-01-31 5:07 PM (#36325 - in reply to #36312)
Subject: RE: Has anyone noticed horse prices dropping?



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You can't find decent hay of anykind around here right now.  All I have seen is the stuff that was baled because someones field was to high with weeds.  I have a friend with a hay farm and they were sold out by the middle of Nov (of course she lost half her last harvest to our Halloween tornado).  Everyone else started running out in Dec. 
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mrstacticalmedic
Reg. Dec 2005
Posted 2006-01-31 5:17 PM (#36326 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?



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Hay prices are decent up here in Michigan.  I get good grass/alfalfa/timothy mix for $3 a bale for a good 50 pound bale, or I can pay $40 for a the same mix in a huge round bale.    I find it is easier to buy it by the ton rather than by the bale.

I hope Congress gets the message of what they are doing to horse prices and peoples livlihoods.  Granted the thought of horse processing is not a pleasant thought, but obviously it is a necessary evil!  

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HWBar
Reg. Nov 2005
Posted 2006-01-31 6:03 PM (#36327 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?



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I don't want congress involved in the horse business. The reason horses are so cheap is because I and everyone else with a stud horse overbred them. It will take care of itself. A great man once said "More Goverment is not the solution, More goverment is the problem". Ronald Regan
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hounddog
Reg. Dec 2005
Posted 2006-01-31 7:06 PM (#36331 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?


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Hay is everwhere here.Have to look at it good.Lots of rain and little time to cut and dry properly.I won't use round bales because of a high increase in botulism.If I hear "well will you take $1500" for him one more time I'm gonna slap someone.
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mrstacticalmedic
Reg. Dec 2005
Posted 2006-01-31 8:07 PM (#36344 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?



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Posts: 362
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Location: Allegan, Michigan

HWBar, I don't see it taking care of itself for at least ten to twenty years.  We are flooded, not with just young babies, but middle to older horses as well.  Meat buyers did inflate the prices.   I don't think alot of it was over breeding.  First 75% of the PMU farms in Canada shut down or reduced their production, thrusting thousands of horses into the market, then with Congress having passed the bill to end USDA inspections, the excess market has been closed off.  You will definitely see lots of horses suffering because there is no where for them to go.  The economy is already staggering due to unemployment (NAFTA) and now, we have thrust thousands more into unemployment, plus inundated the market with lots of horses to care for that were not planned on being cared for.  Rescues are inundated, and can barely keep their heads above water as it is. 

I agree, Government should NOT have meddled in this, it has caused a domino effect in several financial arenas. 

If those folks in Congress who voted to pass this bill are so concerned about the horses welfare they need to open up their check books and head on down to the local auction to pick up the loose ends!!!!

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Terri
Reg. Jan 2004
Posted 2006-01-31 9:51 PM (#36352 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?



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I have a quiestion sort of along these lines.  A friend of mine told me the other day that congress (or someone) passed a law that horses could no longer be sold in auction barns.  I haven't heard anything about it or seen it any where.  Has anyone else heard of this?
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HWBar
Reg. Nov 2005
Posted 2006-02-01 3:35 AM (#36358 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?



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Horse prices were headed south way before this slaughter issue. I don't think that has anything to do with it. At the local auction here the slaughter buyer would start every horse i.e. auctioneer would be calling for an opening bid slaughter buyer would say $400 if nobody else bid slaughter buyer got the horse. I have never seen a slaughter buyer bid more than the opening bid. So know lets say he is gone, you bring in a junk horse, he brings $200-$300 are you going to stop bringing your junk horse because there is not a slaughter price. I still feel that we are at the end of a 10-15 year overbreeding period. I have bred my stud to horses that should have been at the slaughter house. People are turning horses into broodmares that can barely walk, how many adds do you see where a paint breeder is guarenteeing colored foals, so that tells me that we don't care weather or not the horse has any sense we just want IT, weather IT is color or sweet little sissy's baby or whatever. I do think that horse rescue needs support from the state or local level of somekind but to go in and be so reactive to a problem by getting the federal goverment involved is overreacting, we should never create laws to try to correct stupidity. The horse registrations are way down across the breeds, it will take 5-10 years to fix the problem.
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hounddog
Reg. Dec 2005
Posted 2006-02-01 5:34 AM (#36359 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?


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I think the lack of slaughter HAS affected prices.I agree with LOTS of not worth breeding has been taking place.I hear quite a few rescue folks going on about breeding  rescue mares with no papers etc.I've had dealings with the Equine rescue leaque folks from Atlanta in the past.Bunch of tree huggers with no clue for the most part..Invest thousands in old poor beasts instead of cutting their losses and putting the money into a worthwild animal etc.
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Longrider
Reg. Oct 2004
Posted 2006-02-01 8:27 PM (#36404 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?


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Huntseat- Bet that guy doesn't have any more hay at $30. If he has any, it will be more than $30. I bought mine in early June for $35 a roll and got all I could store. My neighbor called me in September, wanting me to sell him some of mine as he couldn't find any. Cattle prices have also fallen thanks to Japan's embargo on American beef due to the mad cow scare PLUS the ranchers having to sell due to not having forage available for them. Supply and demand. WOW! I love the free enterprise system. No government subsidies for me! LOL
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hounddog
Reg. Dec 2005
Posted 2006-02-02 2:00 AM (#36414 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?


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Was told the other day beef prices were good and embargo had been lifted.
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MBRA518
Reg. Sep 2004
Posted 2006-02-02 10:33 AM (#36433 - in reply to #36090)
Subject: RE: Has anyone noticed horse prices dropping?



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The PMU mares are not to blame - slaughter is still open in Canada.

My question is what ever happend to having a horse PTS? I don't disagree with horse slaughter - I think for cull animals it is a necessary evil - otherwise healthy animals that are either unsuitable, dangerous or just overstock - that I'm ok with. But i get upset hearing about the half deads, cripples and very old horses being forced to make that trip because the owner is too greedy to just have the horse PTS. If they don't want to pay for a vet - a bullet is a much more humane option than a slaughter trip.

Hopefully with the "pay me $400 for my injured/crippled horse" option not available to most people that they will start doing the right them and have those horses humanely distroyed.

 

 

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