AND STOCKER CATTLE
(Federal-State Market News)
St. Joseph, Mo.
This week Last week 2017 (Hd)
377,300 404,000 403,800
Compared to last week: Steers and heifers sold steady to 5.00 lower. Buyers nationwide had the opportunity to see and bid on a wide range of weights, quality and flesh this week.
The gamut was run on flesh from thin to fleshy; quality was from plain to excellent; and 300-700 lb steer and heifer calves were plentiful in the country.
An established preweaning and vaccination program has become a must for producers to receive top dollar this time of year (in between Halloween and Thanksgiving.
Many feedyards in the Upper Midwest and the Northern Plains have seen their fair share of snow already this year as anecdotes of central Nebraska feedyards have measured around six inches of snow mid to late week. Muddy pens are sure going to be a concern moving forward as the days get shorter, however temperatures in the teens in the midsection of the country may bring a welcomed freeze to ground conditions.
Wind chills will be a concern this week, especially on incoming feedlot cattle, but it could be a blessing in disguise if copious amounts of precipitation can hold off for a little while longer.
Negotiated cash fed cattle traded today steady to 1.00 lower with live sales at mostly 114.00; a few traded earlier in the day in Texas at 115.00.
Generally, dressed sales are steady with last week at 180.00. After last week’s sideways movement in the CME Cattle Complex, Monday came and wiped out any idea of moving the market higher on the week. Live Cattle contracts were 1.42 to 1.75 lower on the day, while Feeder Cattle contracts were 2.20 to 3.33 lower on Monday.
After sideways movement the middle three days of the week, Friday saw sharp losses on the day. For the week, December 2018 through October 2019 Live Cattle contracts were 2.07 to 4.40 lower.
The December Live Cattle contract closed Friday at 114.57; the lowest price since the middle of September. The soon to expire November Feeder Cattle contract was 3.50 lower on the week, while January 2019 through August 2019 contracts were 5.20 to 6.18 lower for the week. Auction volume this week included 35 percent weighing over 600 lbs and 39 percent heifers.
Slaughter cattle trade very light last week in all feeding regions
and no trend is available.
Boxed Beef prices as of Friday afternoon averaged 206.96 down 3.03 from last Friday. The Choice/Select spread is 16.48. Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled 97,6391. Last week’s total head count was 92,521.
Midwest Direct Markets: Live Basis: Steers and Heifers: 114.00.
Dressed Basis: Steers and Heifers: 179.00-180.00.
South Plains Direct Markets: Live Basis: Steers and Heifers: 114.00-115.00.
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 154.51 up 0.44 from last Friday.
Direct Feeder Cattle
This week Last week 2017(Hd)
495 1611 630
Compared to last week: Feeder cattle and calves sharply lower on a much lighter test this week. Demand moderate as supplies have been very large at the auctions and buyers have a abundance of cattle to choose from and little room at the yards to put them in.
Supply included 79 percent over 600 lbs and 42 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
75 Head: Avg Wt 575 lbs; Avg Price 162.00; Current Del
150 Head: Avg Wt 625 lbs; Avg Price 162.00; Current Del
60 Head: Avg Wt 904 lbs; Avg Price 144.00; Current Del
Feeder Heifers Medium and Large 1
30 Head: Avg Wt 525 lbs; Avg Price 152.00 Current Del
180 Head: Avg Wt 750 lbs; Avg Price 146.65 Current Del