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Slaughter Cattle: Thus far Friday, negotiated cash beef type steer and heifer trading was inactive in the Southern Plains and Colorado. Trading was slow on light demand in Nebraska and the Western Cornbelt. Not enough sales to establish an adequate market test. On Wednesday live sales sold at 84.00 in the Texas Panhandle and in Kansas at 83.00. Live sales sold from 82.00 to 84.00 in Nebraska and dressed sales at 130.00. Live sales sold for 83.50 in Colorado. In the Western Cornbelt live sales sold unevenly steady at 81.00 and dressed sales at 130.00.
The average live weight of cattle slaughtered in the Texas Panhandle for the week ending 11-14-2009 was 1273 lbs with 39 percent heifers compared to 1263 lbs and 44 percent heifers the previous week and 1272 lbs and 41 percent heifers the same week a year ago.
Terminal Markets: Sheldon, IA Slaughter Cattle Auction - Compared to last week, the trend is steady on the Choice steers, and $0.25 to $0.50 lower on the Choice heifers. Slaughter Steers Choice 2-4 1127-1494 lbs 78.00-81.30. Choice 3-4 1383-1499 lbs 76.00-77.75. Select and Choice 2-3 1125-1278 lbs 74.25-77.00. Slaughter Heifers Choice 2-4 1089-1354 lbs 78.25-80.90. Choice 3-4 1210-1485 lbs 75.25-77.75. Select and Choice 2-3 1010-1137 lbs 76.00-77.75.
Negotiated
sales:
Confirmed:
2,140 Week ago: 1,698
Year ago: 10,093
Week to Date:
131,321 Week ago: 124,035
Year ago: 146,544
Negotiated
prices paid for Slaughter Steers and Heifers:
Live basis
Steers
Heifers
Over 80% Choice
-
-
65 - 80% Choice
-
81.00-81.00 avg 81.00
35 - 65% Choice
-
-
0 - 35% Choice
-
-
Total all
grades -
81.00-81.00 avg 81.00
| Formula purchases: | Today... | Previous Day... |
| Head count
priced today:
Weighted avg weight: Weighted avg net price: |
8,900
800 135.31 |
6,900
799 134.53 |
Cattle Slaughter under Federal Inspection:
Friday (est) 120,000
Week ago (est) 118,000
Year ago (act) 124,000
Week to date (est) 609,000
Same Period Last Week (est) 595,000
Same Period Last Year (act) 615,000
Boxed
Beef: Boxed beef cutout values steady to weak on moderate demand
and moderate to heavyofferings. Select and Choice rib and loin steady to
weak while chuck and round cuts steady to firm. Beef trimmings higher
on light to moderate demand and light offerings.
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Est. Weekly Meat Production Under Federal Inspection: Total red meat production under Federal inspection for the week ending Saturday, November 21, 2009 was estimated at 970.8 million lbs. according to the U.S.Department of Agriculture's Marketing Service. This was 0.7 percent higher than a week ago and 1.2 percent lower than a year ago. Cumulative meat production for the year to date was 2.5 percent lower compared to the previous year.
December Live Cattle Futures: 83.95...+0.27
February Live Cattle Futures: 85.42...+0.05
April Live Cattle Futures: 88.05...+0.17
November Feeder Cattle Futures: 93.02...Unchanged
January Feeder Cattle Futures: 92.67...+0.85
March Feeder Cattle Futures: 93.57...+0.72
CME Feeder Cattle Index: 93.11...+0.03
National
Feeder & Stocker Cattle Weekly Summary...
RECEIPTS:
Auctions Direct Video/Internet
Total
This Week
321,500 41,200
2,600 365,300
Last Week
381,500 31,400
37,100 450,000
Last Year
394,600 26,700
38,000 459,300
Compared to last week, a very light test of true yearling feeder cattle sold steady to 2.00 lower. Steer and heifer calf trading was very uneven and depended on the geographical region and the weather conditions in that particular area. Central Oklahoma and Kansas saw 400-550 lb calves sell firm to as much as 5.00 higher with drying conditions following beneficial moisture and wheat pastures flourishing. Areas to the southwest (Texas Panhandle and western Oklahoma) remain dry while regions to the northeast (Missouri) are currently saturated which kept stocker calf demand in check and prices steady to 3.00 lower. Southeastern calf markets covered the full range of 3.00 lower to 3.00 higher as western orders perked certain areas but failed to strengthen others. Upper Midwestern feeder calf markets in Nebraska and Iowa were fully steady, while Western and Mountain State feeder calves were uneven with good demand for reputation strings and only moderate interest for others.
Soybean harvest is all but wrapped up as the Eastern Corn Belt finally received some ideal weather and corn harvest is well over half done as farmers feeders start to trickle into the market as their favorite consignors begin to show up at the local auctions. Direct feeder cattle and calf trading has been very slow the last several weeks as auctions are running on all cylinders and the CME cattle contracts have been weak, keeping country contractors busy in the salebarns and direct bids from reaching auction levels. Many mid-to-late week auction markets will be closed for Thanksgiving next week, but others use the holiday as an opportunity to throw a Special. True yearling offerings have been sparse for the past few weeks, but Yearling Specials should draw a crowd in Joplin, MO on the 23rd (7000 expected including 4000 yearlings and an additional 4000 on the video) Burwell, NE on the 24th (expecting 4500 yearlings and long-weaned calves) and Green City, MO on the 24th (expecting 4000 true yearlings). These sales are hoping for northern independent feedlot buying power as many Southern Plains feedyards are reportedly full, after numerous smaller custom cattle feeders in this region failed to survive the most recent profit drought and now have padlocks on the front gate.
This week’s cattle-on-feed report resulted in on-feed estimates very close to most analyst guesses at 101.5 percent of 2008, Placements were smaller than expected at 101.5 percent and Marketings were slightly less than predicted at 96.7 percent of the same period last year. Direct fed cattle sales were 1.00 lower live from 83.00-84.00 with dressed sales steady to 2.00 lower at mostly 130.00. Dressed beef demand remains under pressure as we enter the holiday season, but after a sluggish fall - this past Wednesday’s sales volume of 375 loads of Choice and Select cuts was the largest since early June and the second largest in nearly 22 months. Most of the wholesale trade was in chuck and round items for cost effective family feeding crock-pot roasts between the holidays, while at the retail level - Bone-in Ribeye Roasts were featured specials in 15,500 outlets compared to just 1940 stores last week. This week’s reported auction feeder cattle volume included 33 percent over 600 lbs and 41 percent heifers.
Thursday Auction Results...
"Click" on
individual auction links for
complete report...
Cattleman's
Livestock Auction - Dalhart, TX...
Cattle and Calves: 2,836
Week Ago: 3,493 Year
Ago: 2,781
Compared to last week: Feeder steers
under 400 lbs steady, all others mostly weak to 2.00 lower with some 400-600
lbs 4.00 lower. Feeder heifers steady to weak. Slaughter cows
1.00-2.00 higher. Slaughter bulls not well tested. Trade active.
Demand moderate.
Cattlemens
Livestock Auction - Glenwood, AR...
Receipts:
588 Last Week: 780 Year Ago:
1033
Compared to
last week: Slaughter cows and bulls steady to firm. Feeder steer calves
under 600 lbs 4.00-7.00 higher, over 600 lbs and yearlings 2.00 higher.
Feeder heifers 3.00-5.00 higher.
Coleman
Livestock Auction Commission Co. - Coleman, TX...
Cattle and Calves: 2,174
Week Ago: 2,930 Year Ago:
3,101
Compared to last week: Feeder steers
2.00-3.00 higher. Feeder heifers under 500 lbs steady to 4.00 lower,
over 500 lbs 1.00-2.00 higher. Slaughter cows and bulls 1.00-2.00
lower. Replacement cows and cow/calf pairs 50.00 higher. Trade
and demand good.
Farmers
& Ranchers Livestock Commission Co. - Salina, KS...
Receipts:
3031 Last Sale: 2288
Year Ago: 5946
Compared to
last week: Steers 350-650 lbs 2.00-3.00 higher; 650-1000 lbs
steady to 2.00 higher. Heifers 350-950 lbs steady to 3.00 higher.
Green
City Livestock Auction - Green City, MO...
Receipts:
430 Week Ago: 1960 Year Ago:
2260
Compared to
last week, not enough feeder steers or heifers for a good price test.
Slaughter cows 1.00-2.00 lower. Four straight days of rain has made
feeding and handling cattle difficult with several sellers postponing sales
until next week because of the weather. Demand and supply light.
Joplin
Regional Stockyards - Joplin, MO...
Receipts: 725
Last Week: 1647 Last Year: 1300
Compared to last week, a much lighter
test of slaughter cows and bulls sold 2.00-3.00 higher. Cool and
wet conditions in the Four State Area for several days resulted in curbed
receipts, with buyers fairly active and pushing to make loads.
Lockhart
Auction Inc - Lockhart, TX...
Cattle and
Calves: 580 Week Ago: 905
Year Ago: 883
Compared to
last week: Feeder steers and heifers steady. Slaughter cows and bulls
steady. Trade active and demand good.
New
Cambria Livestock Auction - New Cambria, MO...
Receipts:
735 Week Ago: 1325 Year Ago:
1275
Compared to
last week, feeder steers and heifers steady to 2.00 lower. Slaughter
cows steady. Calf prices continue to hold up well considering the
extremely muddy conditions throughout the area, high grain prices, and
the sour fed cattle market. Demand moderate and supply moderate to
light.
Pratt
Livestock Auction - Pratt, KS...
Receipts: 1922
Last Week: 1798 Year Ago: 3825
Compared with last week: Steers 400-500
lbs steady to 3.00 lower, 500-600 lbs 3.00 higher, 600-950 lbs steady to
2.00 lower; Heifers 400-550 lbs 5.00-8.00 higher, 550-800 lbs steady to
3.00 lower; Steers and Heifers 400 lbs and under no test, Steers 950 lbs
and Heifers 800 lbs and over no test. Slaughter cows 1.00-2.00 lower.
Slaughter bulls 2.00-3.00 lower. Trade and demand moderate.
St.
Joseph, MO Stockyards - St. Joseph, MO...
Receipts: 513
Last Week: 1546 Year Ago: 3557
Compared to last week, steers and
heifers were mostly 3.00 to 5.00 lower in a light test.
Sterling
Livestock Commission Co. - Sterling, CO...
Receipts: 1400
Week Ago: 1492 Last Year: 1264
Compared to last week: steer
calves under 600 lbs unevenly steady with lower undertone prevailing, over
600 lbs 1.00 to 2.00 lower on light test. Heifer calves steady.
Feeder steers and heifers mostly steady on light test.
Stockman's
Livestock Inc. - Apache, OK...
Receipts: 2564
Last Week: 3766 Year Ago: 3327
Compared to last week: Feeder
steers and heifers steady. Steer and heifer calves steady to 3.00
higher. Demand good.
Bassett
Livestock Auction - Bassett, NE...
Receipts: 3287
Last Week: 2000 Year Ago: 2000
Compared with last week steers trending
steady with exception of 600 pound steers trading 2.00 lower. A limited
number of comparable offering for heifers with 500 pound offerings trading
steady. Demand was moderate to good and trade active.
Billings
Livestock Commission Co. - Billings, MT...
Receipts: 3,836
Last Week: 3,698 Last Year: 3,806
Compared to last week: Steer
calves under 500 lbs sold steady to 3.00 higher; offerings over 500
lbs sold mostly steady, instances 3.00 higher on calves over 650 lbs. Heifer
calves sold mostly steady. Yearling cattle not well tested.
Feeding cows sold mostly steady. Slaughter cows sold 2.00-4.00 higher.
Slaughter bulls sold steady. Demand moderate to good.
Centennial
Livestock Auction Co. - Ft. Collins, CO...
Receipts:
2632 Last Week: 2477 Last Year:
4155
Compared to
last week: Steer and heifer calves sold steady to 3.00 lower, over
600 lbs 1.00 higher. Feeder steers and heifers mostly steady. Market
activity and demand moderate to good.
Napoleon
Livestock Auction Inc. - Napoleon, ND...
Receipts:
2998 Last Week: 3134 Year Ago:
3407
Compared to
last week steer calves under 500 lbs 3.00 lower; steer calves over 500
lbs steady to 3.00 higher. Heifer calves steady to 3.00 higher.
Good to very good demand on calves.
Presho
Livestock Auction - Presho, SD...
Receipts:
3910 Last Week: 1360 Year Ago:
5555
Compared to
last week feeder steers and heifers sold 4.00 to 8.00 higher. Mostly
potloads and part loads on offer. Most of the stock had both spring
and fall shots.
Stockmens
Livestock Exchange - Dickinson, ND..
Receipts:
3936 Last Week: 2867 Year Ago:
4769
Compared to
last week: Steers calves traded steady to 2.00 higher with instances of
3.00 to 4.00 higher on 600 to 650 lbs steers. Heifer calves traded steady
to 2.00 higher. Demand was good with good buyer attendance.
Torrington
Livestock Commission Co. - Torrington, WY...
Receipts: 5165
Week Ago: 3950 Last
Year: 6150
Compared to
last Wednesday: Steer & Heifers calves under 600 lb steady to 3.00
higher; Not enough comparable sales on yearlings for good market test.
Demand good.
Valentine
Livestock Auction - Valentine, NE...
Receipts:
2485 Last Week: 2278 Year Ago:
4700
Compared with
last week steers and heifers trended steady with the exception of 450 pound
heifers trading 4.00 lower. Demand was moderate to good for weaned
offerings and higher values to EID tagged and drug free lots. Trade
was active.
Blue
Grass South - Stanford KY...
Cattle Receipts:
1687 Last week: 1866
Compared to
Monday’s sale, steer and heifer calves sold steady. Yearling steers
and heifers sold mostly steady. Slaughter cows and slaughter bulls
sold steady.
Cullman
Livestock Auction - Cullman, AL...
Receipts:
887 Last Week: 1001 Year Ago:
761
Compared to
last week slaughter cows 1.00 lower, bulls 1.00-2.00 lower. Feeder
classes 2.00-3.00 higher. Replacement cows mostly steady.
Decatur
Stockyards - Decatur, AL...
Receipts: 518
Last Week: 1168 Year Ago: 604
Compared to last sale: Slaughter
cows 1.00-3.00 lower, bulls mostly steady. Feeder cattle 2.00-5.00
lower. Replacement cattle mostly steady.
Knoxville
Livestock Center - Knoxville, TN...
Cattle Receipts:
928 Last week: 570
Last year: 1095
Trends: According
to the Federal-State Market News Service, compared to the same sale one
week ago prices for Slaughter cows: 1.00 higher; Slaughter bulls: 1.00
to 2.00 higher; Feeder steers/bulls: Steady to 3.00 higher; Feeder heifers:
Steady to 2.00 higher.
Ky-Tenn
Livestock Market - Guthrie, KY...
Receipts: 1312
last week: 1731
Compared to last week: Feeder Steers,
Steady to 2.00 Higher. Feeder Heifers, Steady to 1.00 Higher. Slaughter
Cows, 1.00-2.00 Lower. Slaughter Bulls, 2.00-3.00 Lower.
Toppenish
Livestock - Toppenish, WA...
Receipts: 1880
Last Week: 1735 Last Year: 1802
Compared to last Thursday, feeder
cattle under 600 lbs 1.00-2.00 higher, over 600 lbs steady to 2.00 lower.
Slaughter cows, erratic with good action from buyers, Boning and Breaking
Utility 1.00-3.00, instances 4.00-5.00 higher, Lean cows steady to 2.00
higher. Slaughter bulls steady to 1.00 higher. Trade and demand
was moderate to active.
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February Pork Belly Futures: 87.12...+0.05
February Lean Hog Futures: 64.37...+1.10
Hogs: National direct trade barrows and gilts .42 higher with prices ranging from 44.00-54.00, weighted average price 51.31. For the week: National Direct barrow and gilt prices 1.06 lower.
Sheep: Eastern Cornbelt Direct Sheep Weekly Report - Compared to last week, slaughter lambs traded steady to 2.00 higher. Wooled Slaughter Lambs: Choice and Prime 2-3: 90-110 lbs 95.00-100.00; 110-130 lbs 92.00-95.00. Good and Choice 1-2: 60-90 lbs 112.00.
Daily National Grain Market Summary: In a quiet session, soybeans again closed higher with corn and wheat closing lower. Strong export demand seems to be pushing the soybean market again this week. Corn traded lower on lack of interest for the fourth day in a row as export demand continues to slip.
Kansas City Corn: 3.66...-0.04
Kansas City Wheat: 5.02...+0.01
Kansas City Soybeans: 10.26...+0.07
December Corn Futures: 3.91...-0.04
December Wheat Futures: 5.59'6...-0.02'6
November Soybean Futures: 10.46...+0.07
Nearby Crude Oil Futures Contract: 76.72...-0.74
Dow Jones Industrial Average: 10,318.16...-14.28
NASDAQ:
2,146.04...-10.78
~ Additional reports at "Market Reports" & "Auction Results" ~
.~ Updated daily Monday thru Friday... Normally around 4:00 PM CST ~
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