Cattle markets

cattle marekts

Cattle prices in dollars per hundredweight (cwt.) except some replacement animals per pair or head as indicated.

NATIONAL SLAUGHTER CATTLE

(Federal-State Market News)

Oklahoma City-Des Moines

April 11

Compared to April 4: Direct trades on a live basis not established at time of report. Few dressed sales in Nebraska $1 higher. Boxed beef prices April 11 averaged $217.62 down $5.27 from April 4. The Choice/Select spread is $9.31. Slaughter cattle on a national basis for negotiated cash trades through April 11 totaled about 7,500. The previous week’s total head count was 70,955 head.

Midwest Direct Markets: Dressed Basis: Steers and Heifers: $241.

Slaughter Cows and Bulls (Average Yielding Prices): Slaughter cows and bulls mostly steady. Packer demand remains good.

USDA’s Cutter cow carcass cut-out value Friday morning was $199.75 up $.86 from April 4.

NATIONAL FEEDER AND STOCKER CATTLE

(Federal-State Market News)

St. Joseph, Mo.

April 11

This week Last week Last year

301,700 279,600 345,000

Compared to April 4: Feeder cattle and calves sold unevenly steady with the majority of sales ranging from $3 higher to $3 lower. Most pressure was seen on heavyweight feeders over 800 lbs. and soft new-crop calves that are progressively making up a larger percentage of receipts. As a whole, offerings are currently less attractive than usual with receipts mostly made up of growing-lot yearlings and fall-born calves, both carrying considerable flesh. True grass-ready stocker cattle (where available) still brought top billing, but these cattle are getting harder to find with every passing day and are rarely plentiful enough to test the market. Perhaps feeder markets have reached the point of topping or even tipping as the word ìlowerî reared its ugly heady on market reports across the country for the first time in months. Nationwide auction receipts were 17 percent lighter than a year ago as available supplies are exhausting right in accordance with most buyer needs being met. However, it would be difficult to call demand any lighter and crowds were reportedly sizeable in the few major auction markets that had a good run this week. One of these was Torrington, WY, where a package of little 288 lb. steer calves brought $3 per lb. and a short load of 699 lb. replacement quality heifers sold for 193 or about $1350 per head. Spring weather has finally reached most corners of our nation and pastures are greening up nicely. Corn planters were rolling across southern edges of the Corn Belt with early-bird farmers gambling an early stand against the threat of rain-out and replanting. Fed cattle trade was very slow to develop this week with packers facing a short-bought position and lower cut-out values at the same time. But, many major population areas are finally looking forward to a weekend with favorable grilling conditions which should support dressed beef values. This weekís reported auction volume included 51 percent over 600 lbs. and 43 percent heifers.

AUCTIONS

This week Last week Last year

188,600 198,200 228,500

WASHINGTON 2,800. 62 pct over 600 lbs. 47 pct heifers. Steers: Medium and Large 1-2 450-500 lbs. $234.59; 500-550 lbs. $209.88; 550-600 lbs. $ 203.05; 600-650 lbs. $186.42; 650-700 lbs. $183.40; 700-750 lbs. $ 170.91; 750-800 lbs. $170. Heifers: Medium and Large 1-2 450-500 lbs. $204.77; 500-550 lbs. $186.83; 550-600 lbs. $185.64; 600-650 lbs. $174.82; 650-700 lbs. $172.07; 700-750 lbs. $161.87; 750-800 lbs. $157.19.

DIRECT

This week Last week Last year

57,900 76,700 57,500

SOUTHWEST (Arizona-California-Nevada) 1,500. No cattle over 600 lbs. 17 pct heifers. Steers: Medium and Large 1-2 FOB Current 585 lbs. $220; April-May 550 lbs. $220. Holsteins: Large 3 August 300 lbs. $191 del. Heifers: Medium and Large 1-2 FOB April-May 530 lbs. $210.

NORTHWEST (Washington-Oregon-Idaho) 800. 53 pct over 600 lbs. 50 pct heifers. Steers: Medium and Large 1-2 Future Delivery FOB Price 550-600 lbs. $196 for November Idaho; 650-700 lbs. $180 calves for October-November Washington. Heifers: Medium and Large 1-2 Future Delivery FOB Price 550-600 lbs. $186 for October-November Idaho; 600-650 lbs. $172 calves for October-November Washington.

NORTHWEST DIRECT CATTLE

(USDA Market News)

Moses Lake, Wash.

April 11

This week Last week Last year

800 5,500 3,150

Compared to April 4: Not enough stocker or feeder cattle reported this week for accurate trends. Trade near standstill this week as most interests gave their attention to the video sale held Thursday. Demand remains good. The feeder supply included 50 percent steers and 50 percent heifers. Near 53 percent of the supply weighed over 600 lbs. Prices are FOB weighing point with a 1-4 percent shrink or equivalent and with a 5-10 cent slide on calves and a 3-6 cent slide on yearlings.

Steers: Medium and Large 1-2: Future Delivery FOB Price: 550-600 lbs. $196 for November Idaho; 650-700 lbs. $180 calves for October-November Washington.

Heifers: Medium and Large 1-2: Future Delivery FOB Price: 550-600 lbs. $186 for October-November Idaho; 600-650 lbs. $172 calves for October-November Washington.



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