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Slaughter Cattle: Thus far for today, negotiated cash trade was inactive on moderate demand in the Texas Panhandle. Not enough sales for an adequate market test. Last week live sales traded from 94.00 to mostly 95.00. In Kansas trade was slow on moderate to good demand. Not enough sales to establish an adequate market test. On Thursday dressed sales traded at 153.00 and last week live sales traded at 94.00. Trade was moderate on good demand in Nebraska. Compared to last week live sales traded 3.50 to 4.00 higher from 95.00 to 96.00 with dressed sales 7.00 higher from 153.00 to 155.00. Trade was moderate on good demand in Colorado. Live sales traded 3.00 higher at 96.00 and dressed sales 8.00 higher at 153.00 on a light test. Trade was light to moderate on good demand in the Western Cornbelt. Compared to Thursday dressed sales traded steady to 2.00 higher from 152.00 to 154.00. Not enough live sales to establish an adequate market test. Last week live sales traded from 89.00 to 90.00.
The average live weight of cattle slaughtered in the Texas Panhandle for the week ending 03-13-2010 was 1214 lbs with 39 percent heifers compared to 1214 lbs and 38 percent heifers the previous week and 1255 lbs and 35 percent heifers the same week a year ago.
Terminal Markets: Sheldon, IA Slaughter Cattle Auction - Compared to last week, slaughter steers and heifers sold 2.50 to 3.50 higher. Slaughter Steers: Choice 2-3: 1217-1491 lbs 90.00-95.00. Select and Choice 2-3: 1525-1651 lbs 81.75-85.00 Slaughter Heifers: Choice 2-3: 1120-1320 lbs 88.00-94.25.
Negotiated
sales:
Confirmed:
47,783 Week ago: 85,603
Year ago: 18,830
Week to Date:
91,002 Week ago: 128,757
Year ago: 76,677
Negotiated
prices paid for Slaughter Steers and Heifers:
Live basis
Steers
Heifers
Over 80% Choice
93.00- 96.00avg 95.13 96.00-
96.00avg 96.00
65 - 80% Choice
93.00- 96.00avg 95.43 95.00-
96.00avg 95.58
35 - 65% Choice
95.00- 96.00avg 95.87 92.00-
96.00avg 95.65
0 - 35% Choice
-
95.50- 95.50avg 95.50
Total all grades
93.00- 96.00avg 95.54 92.00- 96.00avg
95.66
| Formula purchases: | Today... | Previous Day... |
| Head count
priced today:
Weighted avg weight: Weighted avg net price: |
3,800
799 149.15 |
3,200
766 147.80 |
Cattle Slaughter under Federal Inspection:
Friday (est) 106,000
Week ago (est) 117,000
Year ago (act) 119,000
Week to date (est) 604,000
Same Period Last Week (est) 602,000
Same Period Last Year (act) 611,000
Boxed
Beef: Boxed beef cutout values higher on moderate demand and light
to moderate offerings. Select and Choice rib, chuck, round, and loin
items higher to sharply higher. Beef trimmings higher on moderate
demand and offerings.
| Cutout Values... |
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Est. Weekly Meat Production Under Federal Inspection: Total red meat production under Federal inspection for the weekending Saturday, March 20, 2010 was estimated at 917.9 million lbs.according to the U.S.Department of Agriculture's Marketing Service.This was 0.5 percent higher than a week ago and 1.8 percent lowerthan a year ago. Cumulative meat production for the year to date was3.7 percent lower compared to the previous year.
April Live Cattle Futures: 97.97...+0.45
June Live Cattle Futures: 95.12...-0.05
August Live Cattle Futures: 92.47...-0.10
March Feeder Cattle Futures: 104.80...+0.17
April Feeder Cattle Futures: 108,67...+0.80
May Feeder Cattle Futures: 110.37...+0.85
CME Feeder Cattle Index: 103.82...+0.60
National
Feeder & Stocker Cattle Weekly Summary...
RECEIPTS:
Auctions Direct Video/Internet
Total
This Week
266,400 39,400
35,100 340,900
Last Week
327,700 82,600
16,000 426,300
Last Year
265,400 47,000
37,700 350,100
Compared to last week, feeder and stocker cattle sold 1.00 to 3.00 higher with several instances up to 5.00 higher on lighter calves suitable for grazing. Order buyers picked up where they left off last week and then continued to kick it up a notch. The feeder cattle market keeps being energized from the success it keeps having from one week to the next. Demand remains very good on all classes of feeder cattle. In Valentine, NE on Thursday almost 500 head of feeder steers weighing between 600-650 lbs had a weighted average price of 127.32. A bullish attitude has built through the past few weeks’ in the cattle markets as both fed cattle and feeder cattle are seeing an extremely positive supply fundamentals with aggressive fund enthusiasm that is keeping the market on a strong upward trend.
The Midwest and the Northern Plains are experiencing a lot of rain and very muddy conditions as many auctions had lighter receipts this week as side roads are getting in bad shape and getting cattle out is becoming a problem due to the muddy conditions. Most surprising this week is the fact that wholesale beef cutouts continue to climb higher gaining over 5.00 this week showing no resistance at the 150.00 mark on Monday and ending Friday at 156.64. Consumers will soon have to decide on paying significantly higher meat counter prices as retailers will have to move to pass on the higher wholesale prices.
A year ago on this date Choice Cut-Out Value was trading in the 133.00 range, right now Choice is selling around 23.00 higher than last year. Cash live trade in Nebraska is moderate to active as dressed prices are trading from 153.00-155.00, 7.00 higher than last week. Live prices are trading at 95.00-96.00, 3.00-4.00 higher than last week. Kansas has live sales at 97.00, 3.00 higher than last week. The Cattle on Feed report came out Friday afternoon and was pretty much neutral matching trade expectations. COF came in at 96.8 percent of a year ago matching expectations; Placements were at 99.2 and Marketings at 102.1 respectively. This week’s reported auction volume included 49 percent over 600 lbs and 46 percent heifers.
Thursday Auction Results...
"Click" on
individual auction links for
complete report...
Cattleman's
Livestock Auction - Dalhart, TX...
Cattle and
Calves: 3,459 Week ago: 2,262
Year Ago: 2,943
Compared to
last week: Feeder steers and heifers under 600 lbs 4.00-5.00 higher, over
600 lbs 2.00-3.00 higher. Slaughter cows and bulls 4.00-5.00 higher.
Trade active. Demand good.
Coleman
Livestock Auction Commission Co. - Coleman, TX...
Cattle and Calves: 2,491
Week Ago: 2,667 Year Ago:
1,600
Compared to last week: Feeder steers
under 500 lbs steady, over 500 lbs steady to 2.00 lower. Feeder heifers
under 500 lbs steady to firm, over 500 lbs steady to 4.00 higher.
Slaughter cows and bulls steady to firm. Replacement cows and cow/calf
pairs steady to firm. Trade and demand good.
Farmers
& Ranchers Livestock Commission Co. - Salina, KS...
Receipts:
3960 Last Week: 2763
Year Ago: 4003
Compared to
last week: Steers 400-700 lbs steady to 3.00 higher; 700-1000 lbs steady
to 1.00-4.00 higher. Heifers 500-1000 lbs 1.00-4.00 higher. Trade and demand
good.
Joplin
Regional Stockyards - Joplin, MO...
Receipts: 2970
Four Weeks Ago: 4483 Year Ago: 0
The last Special Valued Added sale
was four weeks ago and too far back for a meaningful market comparison.
Demand good to very good, supply moderate.
Lockhart
Auction Inc - Lockhart, TX...
Cattle and Calves: 417
Week Ago: 502
Year Ago: 562
Compared to last week: Feeder steers
steady. Feeder heifers 3.00-5.00 higher. Slaughter cows steady.
Slaughter bulls 1.00-2.00 higher. Trade active and demand good.
Pratt
Livestock Auction - Pratt, KS...
Receipts: 6113
Last Week: 6606 Year Ago: 6864
Compared with
last week: Steers 450-1,000 lbs 2.50-5.00 higher, 450 lbs and under not
tested; Heifers 350-550 lbs 2.50-6.00 higher, 550-900 lbs 1.50-4.00 higher.
Slaughter cows steady to 2.00 higher. Slaughter bulls steady to 2.00
lower. Trade active, demand very good.
St.
Joseph, MO Stockyards - St. Joseph, MO...
Receipts: 2511
Last Week: 1579 Last Year: 3345
Compared to last week feeder steers
weighing 500-600 lbs sold steady to firm, with 600-800 lbs steers selling
mostly 2.00-3.00 higher and over 800 lbs not well tested but sold with
a higher undertone. Feeder heifers weighing 400-600 lbs sold 2.00-5.00
higher with 600-700 lbs selling steady to 2.00 higher and heifers over
700 lbs sold with a higher undertone. Trading was active throughout the
sale as demand remains very good with many feeders selling with good weighing
conditions.
Stockman's
Livestock Inc. - Apache, OK...
Receipts: 4679
Last Week: 3370 Year Ago: 4436
Compared to last week: Feeder
steers and steer calves steady to 2.00 higher, except 500 to 700 lbs 4.00-6.00
higher. Feeder heifers and heifer calves 1.00-2.00 higher.
Demand good for all classes.
Billings
Livestock Commission Co. - Billings, MT...
Receipts: 1,250
Last week: 2,166 Last Year: 1,832
Compared to last week: Feeder
and stocker cattle sold mostly steady with limited comparable sales.
Feeding cows sold steady to 3.00 higher. Slaughter cows sold mostly
steady, instances 1.00-2.00 higher on Boner and Breaker cows. Slaughter
bulls sold mostly steady. Demand moderate to good.
Mobridge
Livestock Auction - Mobridge, SD...
Receipts: 2081
Last Week: 1425 Year Ago: 1759
Compared to last week: Feeder
steers sold mostly 3.00 to 4.00 higher on increased offerings, 5.00 higher
on 500 lb cattle. Feeder heifers weighing under 550 lbs sold steady
to 1.00 higher, over 550 lbs sold 2.00 to 4.00 higher. Buyers most
aggressive today on grass cattle weighing between 550 to 650 lbs.
Slaughter cows and bulls sold 2.00 higher, instances of 3.00 higher.
Demand good for all classes.
Napoleon
Livestock Auction Inc. - Napoleon, ND...
Receipts:
3650 Last Week: 2634 Year Ago:
5951
Compared to
last week feeder steers were 2.00 to 4.00 higher with some instances of
5.00 higher; feeder heifers were 3.00 to 6.00 higher with 700 to 750 lb
8.00 higher. Demand was very good throughout the day.
Stockmens
Livestock Exchange - Dickinson, ND..
Receipts:
3258 Last Week: 1080 Year Ago:
N/A
Compared to
last week: Feeder steers traded steady to 2.00 higher while 750 lb steers
traded 4.00 higher. Feeder heifers traded steady to 2.00 higher. Demand
was good with steady demand on replacement heifers.
Torrington
Livestock Commission Co. - Torrington, WY...
Receipts: 825
Week Ago: 1400 Year Ago: 750
Compared to last Friday: Slaughter
& Feeder Cows 1.00-2.00 higher; Slaughter Bulls 1.00 higher. Demand
moderate to good. Slaughter cows and bulls accounted for approximately
35 percent of the run; feeder cows 55 percent; feeder cattle 5 percent
and bred cows 5 percent.
Valentine
Livestock Auction - Valentine, NE...
Receipts: 2535
Last Week: 0 Year Ago: 0
Compared with two weeks ago, steers
traded 3.00 to as much as 7.00 higher and heifers trended 3.00 to 4.00
higher. Demand was good and trading active.
Cullman
Livestock Auction - Cullman, AL...
Receipts: 1451
Last Week: 804 Year Ago: 851
Compared to last week: Slaughter
cows 2.00 higher, bulls 3.00-4.00 higher. Feeder classes 2.00-4.00
higher. Replacement cows 25.00-50.00 per head higher.
Decatur
Stockyards - Decatur, AL...
Receipts: 747
Last Week: 695 Year Ago: 754
Compared to last week: Slaughter
cows steady, bulls mostly steady.Feeder cattle 2.00 to 4.00 higher, replacement
cattle mostly steady. Supply consisted of 8 percent slaughter cows, 1 percent
slaughter bulls,10 percent replacement cows and pairs and 81 percent feeders.
Knoxville
Livestock Center - Knoxville, TN...
Cattle Receipts: 915
Last week: 1658 Last year:
702
Trends: According to the Federal-State
Market News Service, compared to the same sale one week ago prices for
Slaughter cows: 1.00 to 2.00 higher; Slaughter bulls: 2.00 to 3.00 higher.
Demand good for slaughter classes.
Toppenish
Livestock - Toppenish, WA...
Receipts: This
Week: 1575 Last Week: 1185 Last Year: 1500
Compared to
last Thursday at same market, feeder cattle were mixed, steers were firm
to 3.00 higher, heifers were weak to 5.00 lower with most decline on 500-600
lbs. Trade active with good demand on steers. Trade slow with light to
moderate demand on heifers.
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May Pork Belly Futures: 93.47...+0.22
May Lean Hog Futures: 79.90...-0.10
Hogs: National direct trade barrows and gilts .01 higher with prices ranging from 59.25-70.27, weighted average price 68.24. For the week: National Direct barrow and gilt prices 2.36 lower.
Sheep: Eastern Cornbelt Direct Sheep Weekly Report - Compared to last week, slaughter lambs traded steady to 2.00 lower. Wooled Slaughter Lambs: Choice and Prime 2-3: 90-110 lbs 130.00. Good and Choice 1-2: 30-60 lbs 175.00; 60-90 lbs 150.00.
Daily National Grain Market Summary: Grain bids ended the day lower with soybeans seeing slight gains. The higher dollar pressured wheat and corn. The lower crude oil also added pressure to corn. Soybeans were slightly higher finding support from overnight export announcement. A weather system is moving into the south central plains this weekend into Monday moving east with snow accumulation expected. Some other areas of the corn-belt are expecting heavy rain.
Kansas City Corn: 3.68...-0.01
Kansas City Wheat: 4.24...-0.03
Kansas City Soybeans: 9.57...+0.02
May Corn Futures: 3.74'4...-0.01'4
May Wheat Futures: 4.24...-0.03
May Soybean Futures: 9.57...+0.02
Nearby Crude Oil Futures Contract: 80.68...-1.52
Dow Jones Industrial Average: 10,741.98...-37.19
NASDAQ:
2,374.41...-16.87
~ Additional reports at "Market Reports" & "Auction Results" ~
.~ Updated daily Monday thru Friday... Normally around 4:00 PM CST ~
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