National cattle report

The feeder cattle market continued its rally and just when we thought prices couldn’t make another $5 jump, they jumped $10.

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

June 13

Compared to June 6: Direct live cattle trade in the South Plains $2 higher. Nebraska dressed sales $2-3 higher.

Boxed beef prices June 13 averaged $231.53, up $5.98 from June 6. The Choice/Select spread is $7.64. Slaughter cattle on a national basis for negotiated cash trades through the morning of June 13 totaled about 80,400. The previous week’s total head count was 17,601 head.

Midwest Direct Markets: Live Basis: Steers and Heifers 35-80 Percent Choice, 1200-1400 lbs. $147-148; Dressed Basis: Steers and Heifers: $235.

South Plains Direct Markets: Live Basis: Steers and Heifers 35-65 percent Choice, 1100-1400 lbs. $147.

Slaughter Cows and Bulls (Average Yielding Prices): Due to summer scheduling the western market will temporarily be Utah.

Slaughter cows and bulls mostly $2-4 higher. Packer demand remains good. USDA’s Cutter cow carcass cut-out value June 13 was $198.44 up $2.56 from June 6.

NATIONAL FEEDER AND STOCKER CATTLE

(Federal-State Market News)

St. Joseph, Mo.

June 13

This week Last week Last year

285,500 246,300 291,800

Compared to June 6: The feeder cattle market continued its rally and just when we thought prices couldn’t make another $5 jump, they jumped $10. Calves and yearlings throughout the mid-section of the country and in close proximity to the major grazing regions and the five-area feeding district sold fully $5-10 higher with the full advanced on yearling feeders headed straight to the feedlot.

The previous week’s milestone of $2 per lb. for 800 lb. steers was no big deal by June 11, following two days of sharp advances on the CME cattle futures. On June 11, the OKC-West El Reno Livestock Market was selling backgrounded 800-900 lb. steers up to and over $200. El Reno did quote a string of fancy 975 lb. steers for $189.25, which may be the most impressive mark for the week. All the 8 weight steers for late summer delivery off Flint Hills or Osage pastures now have asking prices that begin with a 2. The best of these cattle are starting to be sopped-up at that level with buyers agreeing to prices that only a few days earlier had ticked them off.

Southeastern markets were not quite as active with most areas selling calves merely $2-3 higher than last week. Temperatures are starting to heat up and even though demand is still outstanding, there’s not much call in straightening up shipped-ins through summer heat. Most stock cattle are turned-out and in the prime of their grass grazing season with pasture conditions (as a whole) the best in recent memory.

Feed and forage are plentiful this year and analysts are expecting another record breaking corn crop of 13.935 billion bushels and a record yield of $165.30 bushels per acre, according to the week’s World Agriculture Supply and Demand Estimates. Superior Livestock Video Auction held their Corn Belt Classic this week and among the top sales was 115 head of non-hormone/drug free fancy steer calves from the Vermillion ranch near Rock Springs, Wyo. The calves are projected to 425 lbs. at November delivery and brought a whopping $301. Who knows, maybe these record prices will be the norm in the future, who would have guessed 20 years ago that a fully equipped pickup truck would cost $65,000. Fed cattle are finally supporting the feeder cattle frenzy and sold $3-5 higher this week from $148-150 which is very near the record high. The week’s reported auction volume included 47 percent over 600 lbs. and 39 percent heifers.

AUCTIONS

This week Last week Last year

154,800 170,700 175,600

WASHINGTON There were not enough feeder cattle sales to report.

DIRECT

This week Last week Last year

59,300 42,500 55,200

SOUTHWEST (Arizona-California-Nevada) 1,300. No cattle over 600 lbs. No heifers. Holsteins: Large 3 October 275 lbs. $260 Del.

NORTHWEST (Washington-Oregon-Idaho) 8,900. 95 pct over 600 lbs. 23 pct heifers. Steers: Medium and Large 1-2 Current FOB 850-900 lbs. $179, Idaho. Future FOB 550-600 lbs. $210 for October, Calves, Idaho; 600-650 lbs. $210 for October, Calves, Idaho; 700-750 lbs. $191 for November, Idaho; 650-700 lbs. $225 for November, Calves, Idaho; 600-650 lbs. $220-225 for December, Calves, Idaho; 800-850 lbs. $170 for December, Calves, Idaho. Current Delivery 850-900 lbs. $189.75 Idaho. Future Delivery: 900-950 lbs. $195.50 for September, Idaho; 650-700 lbs. $205 for October, Idaho; 750-800 lbs. $195 for November, Idaho. Heifers: Medium and Large 1-2 Current FOB 850-900 lbs. $172 Idaho. Future FOB 550-600 lbs. $202 for October, Calves, Idaho; 650-700 lbs. $185 for November, Idaho. Current Delivery 800-850 lbs. $173.80-183.75 Idaho. Future Delivery 850-900 lbs. $192.50 for September, Idaho; 600-650 lbs. $195 for October, Idaho; 650-700 lbs. $195 for October, Idaho.

NORTHWEST DIRECT CATTLE

(USDA Market News)

Moses Lake, Wash.

June 13

This week Last week Last year

8,902 5,612 0

Compared to June 5: Feeder cattle generally steady, with heifers steady to lower and steers steady to higher. Trade slow to moderate with light demand. Producers remain bullish for fall contracting of calves and yearlings. The feeder supply included 77 percent steers and 23 percent heifers. Near 95 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.

Feeder Steers: Medium and Large 1-2: Current FOB: 850-900 lbs. $179, Idaho. Future FOB: 550-600 lbs. $210 for October, Calves, Idaho; 600-650 lbs. $210 for October, Calves, Idaho; 700-750 lbs. $191 for November, Idaho; 650-700 lbs. $225 for November, Calves, Idaho; 600-650 lbs. $220-225 for December, Calves, Idaho; 800-850 lbs. $170 for December, Calves, Idaho. Current Delivery: 850-900 lbs. $189.75 Idaho. Future Delivery: 900-950 lbs. $195.50 for September, Idaho; 650-700 lbs. $205 for October, Idaho; 750-800 lbs. $195 for November, Idaho.

Feeder Heifers: Medium and Large 1-2: Current FOB: 850-900 lbs. $172 Idaho. Future FOB: 550-600 lbs. $202 for October, Calves, Idaho; 650-700 lbs. $185 for November, Idaho. Current Delivery: 800-850 lbs. $173.80-183.75 Idaho. Future Delivery: 850-900 lbs. $192.50 for September, Idaho; 600-650 lbs. $195 for October, Idaho; 650-700 lbs. $195 for October, Idaho.



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