National slaughter, feeder and stocker cattle report

All weights and classes of feeders are fully advanced into all-time record highs as price levels keep defying gravity as cattle producers are finding huge dividends which is also helping to keep demand very high for both calves and yearlings.

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

May 9

Compared to May 2: No direct cattle trade available at time of report. Boxed beef prices May 9 averaged $222.93 up $4.40 from May 2. The Choice/Select spread is $10.72. Slaughter cattle on a national basis for negotiated cash trades through May 9 totaled about 15,000. The previous week’s total head count was 113,464 head.

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

USDA’s Cutter cow carcass cut-out value Friday morning was $195.12 up $2.66 from May 2.

NATIONAL FEEDER AND STOCKER CATTLE

(Federal-State Market News)

St. Joseph, Mo.

May 9

This week Last week Last year

258,600 224,200 247,700

Compared to May 2: Feeder and stocker cattle sold firm to $5 higher with instances from $8-10 higher throughout the United States. The week’s prices were pretty much in most cases a repeat of the previous week’s market trend with some of the sharpest advances noted on heavy feeders weighing over 800 lbs. and lightweight feeders under 500 lbs.

All weights and classes of feeders are fully advanced into all-time record highs as price levels keep defying gravity as cattle producers are finding huge dividends which is also helping to keep demand very high for both calves and yearlings.

In the last couple of weeks this market has caught fire as feedlots continue to need a steady supply of feeders as well as the farmer-feeder as feeder supplies are very tight. Several strings of replacement heifers at the Hub City Livestock auction in South Dakota weighing from 800-850 lbs. sold with a weighted average weight of 840 lbs. sold for a weighted average price of $178.74.

In Kearny, Neb., 188 head of 945 lb. steers traded at $175.25. In many areas steers weighing 700-750 lbs. and heifers weighing 600-650 lbs. are passing the $2 mark on a regular basis.

There is still plenty of concern about pasture conditions and feed supplies going into the summer months. USDA released its pasture and range condition report this week and noted that 39 percent of pastures were in good/excellent condition. This is still well below the 10 year average, as many will be keeping their eyes on the drought map as there is speculation of a possible development of an El Nino pattern this summer as precipitation will remain the key.

Planting was 29 percent completed at the beginning of this week, but with several days of warm weather planting across many of areas of the Corn Belt made major advances this week.

As of May 9 some early live sales in the fed cattle trade in Kansas are steady at $146 and some early dressed sales in Nebraska at $237-238. May is beef month and as the grilling season gets under way cattle producers have much to be optimistic about as demand indicators remain positive despite higher meat and poultry prices.

The March 31 freezer inventories were lower than expected and the National Restaurant Performance Index also revealed its highest point since last May. After a long cold winter hopefully the grilling season is well underway. The week’s reported auction volume included 52 percent over 600 lbs. and 42 percent heifers.

AUCTIONS

This week Last week Last year

159,200 161,500 177100

WASHINGTON 3,200. 74 pct over 600 lbs. 64 pct heifers. Steers: Medium and Large 1-2 600-650 lbs. $205.78; 700-750 lbs. $184.50. Medium and Large 2-3 600-650 lbs. $171.58; 700-750 lbs. $160.85. Heifers: Medium and Large 1-2 450-500 lbs. $209.12; 550-600 lbs. $197.77; 650-700 lbs. $175.63; 700-750 lbs. $173.88; Pkg 875 lbs. $157.50. Medium and Large 2-3 650-700 lbs. $167.34.

DIRECT

This week Last week Last year

62,300 59,100 22,100

SOUTHWEST (Arizona-California-Nevada) 2,500. 16 pct over 600 lbs. 16 pct heifers. Holsteins: Large 3 September 300 lbs. $215 del. Heifers: Medium and Large 1-2 Current 685 lbs. $187 del; 725 lbs. $183 del; 760 lbs. $167.49 del.

NORTHWEST (Washington-Oregon-Idaho) 5,200. 70 pct over 600 lbs. 37 pct heifers. Steers: Medium and Large 1-2 Current Delivery FOB Price 850 lbs. $165-173.62 Idaho. Current Delivery Delivered Price 850 lbs. $170.50-175 Idaho; Future Delivery FOB Price: 500-600 lbs. $197-210 September-October Oregon-Idaho; 600-650 lbs. $190-195 calves for October-November Oregon-Idaho; 600-650 lbs. $200 value added calves for October-November Washington; 700-750 lbs. $175 calves for November Washington; 700 lbs. $190 value added calves for November Washington; 850-900 lbs. $170-175 for December-January Washington. Holsteins: Large 2-3 Current Delivery FOB Price 350 lbs. $145 Washington; 350 lbs. $175 value added Washington. Heifers: Medium and Large 1-2 Current Delivery FOB Price 850 lbs. $161-164 Idaho-Oregon. Current Delivery Delivered Price 750-800 lbs. $171-174 Idaho. Future Delivery FOB Price 450-500 lbs. $196 for September-October Idaho; 500-550 lbs. $189-202 for October-November Oregon-Washington; 600-650 lbs. $182-190 calves for October Idaho; 700 lbs. $169 calves for November Washington; 800-850 lbs. $166-171 for January Washington; 900-950 lbs. $174 value added for September Oregon.

NORTHWEST DIRECT CATTLE

(USDA Market News)

Moses Lake, Wash.

May 9

This week Last week Last year

5,200 6,650 1,500

Compared to May 2: Stocker and feeder cattle $2-3 higher. Trade moderate as most interests decided to contract calves for fall. Demand remains good. The feeder supply included 63 percent steers and 37 percent heifers. Near 70 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 3-7 cent slide on yearlings.

Steers: Medium and Large 1-2: Current Delivery FOB Price: 850 lbs. $165-173.62 Idaho. Current Delivery Delivered Price: 850 lbs. $170.50-175 Idaho; Future Delivery FOB Price: 500-600 lbs. $197-210 September-October Oregon-Idaho; 600-650 lbs. $190-195 calves for October-November Oregon-Idaho; 600-650 lbs. $200 value added calves for October-November Washington; 700-750 lbs. $175 calves for November Washington; 700 lbs. $190 value added calves for November Washington; 850-900 lbs. $170-175 for December-January Washington.

Feeder Holstein Steers: Large 2-3: Current Delivery FOB Price: 350 lbs. $145 Washington; 350 lbs. $175 value added Washington.

Heifers: Medium and Large 1-2: Current Delivery FOB Price: 850 lbs. $161-164 Idaho-Oregon. Current Delivery Delivered Price: 750-800 lbs. $171-174 Idaho. Future Delivery FOB Price: 450-500 lbs. $196 for September-October Idaho; 500-550 lbs. $189-202 for October-November Oregon-Washington; 600-650 lbs. $182-190 calves for October Idaho; 700 lbs. $169 calves for November Washington; 800-850 lbs. $166-171 for January Washington; 900-950 lbs. $174 value added for September Oregon.



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