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National feeder and stocker cattle report

Demand for feeder weight cattle very uneven this week and mainly dependent on age.

Published on November 2, 2018 2:34PM


NATIONAL FEEDER

AND STOCKER CATTLE

(Federal-State Market News)

St. Joseph, Mo.

Nov. 2

This week Last week 2017 (Hd)

407,600 431,800 401,300

Feeder cattle uneven with those over 800 lbs steady to 2.00 higher; under 800 lbs steady to 2.00 lower. Steer and heifer calves sold unevenly steady.

Demand for feeder weight cattle very uneven this week and mainly dependent on age, especially 6 weight cattle, who were either too young for the feedyard or too big for new wheat.

Typically, this time of year, buyers are looking for cattle 60+ days weaned. However, this year due to the wet and muddy conditions in many areas 120 days seemed to be the earmark for numbers of days weaned. Demand for heavier weight cattle and those that would finish in April was very good.

At the St Joe Stockyards this week 148 head of 712 lb. fancy steers sold for 175.00 and 118 head of 850 lb steers that were fancy sold for 167.10. 700 lb. steers at Bassett Livestock Auction sold for 179.00. Calf demand improved some and moderate to good. Discounts are still there for short weaned and un-weaned calves as warm days, cool nights and wet conditions remain in many areas of the country.

Though nationwide auction numbers are down from last week, some auctions saw larger head counts as a few days of open weather dried pastures and dirt roads enough to get cattle loaded and hauled to market.

The trucking shortage continues. Cattle buyers looking for trucks are having to compete with other industries that can afford to pay truckers more per mile.

Boxed beef prices moved higher with the Choice cut-out at 218.78 and Selects trading at 203.66. This was up 5.07 from last Friday.

Cash slaughter cattle prices finally making a move and higher. Texas and Kansas selling 4.00-5.00 higher from 114.00-115.00 and dressed trade in Nebraska 6.00 higher at 180.00. Cattle futures failed to take the momentum from the bulls and continued to trade in a very volatile pattern.

Evidence of feedyards being current showed this week as steer carcass weights came in at 894 lbs which is a 5 lb. drop from last week and last year.

Wheat plantings in part of the wheat belt is coming in at 78 percent complete, which is 10 percent below a year ago. Winter wheat emergence is 68 percent and this though the same as last year is still 32 percent below normal.

National Slaughter

Cattle Summary

Nov. 2

Slaughter cattle trade very light in all feeding regions and no trend is available.

Boxed Beef prices as of Friday afternoon averaged 209.99 up 3.84 from last Friday. The Choice/Select spread is 17.03. Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled 21,280. Last week’s total head count was 151,283.

Midwest Direct Markets:

Live Basis: Steers and Heifers: N/A.

Dressed Basis: Steers and Heifers: N/A.

South Plains Direct Markets:

Live Basis: Steers and Heifers: N/A.

Slaughter Cows and Bulls (Average Yielding Prices): Slaughter cows and bulls traded mostly 1.00 to 5.00 lower. Packer Demand light to moderate. Cutter Cow Carcass Cut-out Value on Friday was 154.07 down 0.28 from last Friday.

Northwest Weighted

Direct Feeder Cattle

Nov. 2

This week Last week 2017(Hd)

1611 214 1595

Compared to last week: Feeder cattle and calves lightly tested last week for a accurate market trend. Demand moderate to good. Supply included 44 percent over 600 lbs and 33 percent heifers. Unless otherwise stated prices are FOB weighting points with 2-3 percent shrink or equivalent and a 5-10 cent slide on calves and a 4-12 cent slide on yearlings from base weights. Current sales are up to 14 days delivery.

Feeder Steers Medium and Large 1

334 Head: Avg Wt 553 lbs; Avg Price 176.40; Current Del

64 Head: Avg Wt 565 lbs; Avg Price 174.20; Current Del Split Loads

131 Head: Avg Wt 600 lbs; Avg Price 173.20; Current Del Split Loads

360 Head: Avg Wt 803 lbs; Avg Price 153.66; Current Del

125 Head: Avg Wt 850 lbs; Avg Price 150.50; Current Del

65 Head: Avg Wt 875 lbs; Avg Price 149.00; Dec Del

Feeder Heifers Medium and Large 1

313 Head: Avg Wt 530 lbs; Avg Price 164.49; Current Del

37 Head: Avg Wt 590 lbs; Avg Price 161.20; Current Del Split Loads

32 Head: Avg Wt 600 lbs; Avg Price 161.20; Current Del Split Loads

150 Head: Avg Wt 825 lbs; Avg Price 145.00; Dec Del



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