National slaughter, feeder and stocker report

The sharply higher fed cattle market and bullish cattle-on-feed report caused feeder prices to come out of the gate strong.

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

August 1st

Compared to July 25: No trend established for direct live cattle trade in the South Plains or Nebraska dressed sales at time of report. Boxed beef prices Friday morning averaged $261.24 that is $5.39 higher than last Friday. The Choice/Select spread is $5.06. Slaughter cattle on a national basis for negotiated cash trades through Friday morning totaled about 5,000 head. Last week’s total head count was 134,961 head.

Midwest Direct Markets: Live Basis: Steers and Heifers 35-80 Percent Choice, 1200-1400 lbs. $163.00; Dressed Basis: Steers and Heifers: n/a

South Plains Direct Markets: Live Basis: Steers and Heifers 35-65 percent Choice, 1100-1400 lbs. $163

Slaughter Cows and Bulls (Average Yielding Prices): Due to summer scheduling the western market will temporarily be Wyoming. Slaughter cows $4-5 higher in the central and western markets but, steady to $2 lower in the south-east. Slaughter bulls $3-5 higher. Packer demand remains good. USDA’s Cutter cow carcass cut-out value Friday morning was $231.33 up $4.10 from July 25.

%Lean Weight Wyoming Oklahoma Alabama

Breakers 75-80% 1100-1600 117.00-124.50 126.50-129.00 105.00-110.00

Boners 80-85% 1000-1450 118.00-127.00 118.50-126.00 107.00-112.00

Lean 85-90% 1000-1300 104.00-115.00 112.50-115.50 96.00-101.00

Bulls 88-92% 1300-2500 142.00-150.00 140.00-148.00 124.00-129.00

NATIONAL FEEDER AND STOCKER CATTLE

(Federal-State Market News)

St. Joseph, Mo.

AUGUST 1st

This week Last week Last year

281,700 229,200 236,600

Compared to July 25: Calves and yearlings sold fully $7-10 higher with the full advance noted on all classes at times but most impressively on heavyweight feeders over 850 lbs. Last week’s sharply higher fed cattle market and bullish cattle-on-feed report caused feeder prices to come out of the gate strong this week with some leveling off noted late in the week after lower CME closings.

Demand was very good on light to moderate receipts, but unlike many July endings the heat was not a factor in the small offerings as unseasonably mild temperatures prevailed. Heat stress has not been a big problem this summer with producers able to move cattle at will and very few losses reported in the feedlots. Trading is simply slow due to the shear tightness of supplies and very few available cattle in loose hands as most sellers have already pulled the plug on record prices and buyers still scrambling to purchase additional numbers.

Even dairymen are cashing-in on the high flying beef market with slaughter cows selling at record-high levels and dairy-cross calves lighting up the scoreboard. On this week’s Superior Video Royale 2014 partly broadcast from Winnemucca, Nev., the Arch Diamond Dairy from eastern New Mexico’s growing industry near Portales supplemented their milk check. They sold one load of current delivery steer calves out of Holstein cows and Angus bulls to weigh 500 lbs. at $307 and then three more subsequent loads spread out from October through January to weigh 480 lbs. at $306. These calves were all black with only a few white socks, but still unmistakably dairy-cross which not long ago would have experienced severe discounts to straight English beef calves, plus they have been shut-up since birth receiving a sizeable growing ration.

The most important thing to buyers is head counts and possession with little regard for quality or condition, not to say they won’t pay even more when they see it. A 207-head string of home-raised non-hormone 737 lbs. grass steers in Valentine, Neb., brought $276 on Thursday. Last Friday in Ft. Pierre, S.D., over 900 head of top quality yearling steers off High Plains pastures weighed from 900-1000 lbs. with an average weight of 952 lbs. and average price of $227.05.

This week’s fed cattle trade was slow to develop with packers wanting to buy cattle cheaper on lower August Live Cattle futures that were an $8-9 discount to last week’s market. Light trading finally broke loose on Friday $2-3 lower at mostly $163. This week’s reported auction volume included 51 percent over 600 lbs. and only 37 percent heifers.

AUCTIONS

This week Last week Last year

134,900 122,500 137,00

WASHINGTON 1,300. 88 pct over 600 lbs. 46 pct heifers. Steers: Medium and Large 1-2 600-650 lbs. $226.60; 650-700 lbs. $216.29; 700-750 lbs. $219.49; 750-800 lbs. $210.13; 800-850 lbs. $187.96; 850-900 lbs. $194.82. Heifers: Medium and Large 1-2 450-500 lbs. $228.36; 550-600 lbs. $222.83; 600-650 lbs. $215.93; 650-700 lbs. $201.36; 750-800 lbs. $197.23; 800-850 lbs. $196.31

DIRECT

This week Last week Last year

52,900 77,100 57,600

SOUTHWEST (Arizona-California-Nevada) - There were no direct sales reported.

NORTHWEST (Washington-Oregon-Idaho) 2300. 79 percent over 600 lbs. 47 percent heifers. Steers: Medium and Large 1-2 Current Delivery FOB Price 600-700 lbs. $226-242 WA; 800-900 lbs. $207 ID. Future Delivery FOB Price 600-700 lbs. $230 for October OR; 600-700 lbs. calves $215 for October WA; 800-900 lbs. $210 for September and February ID-WA; Future Delivery Delivered Price 800-900 lbs. $206-220 for current delivery ID-WA; 900-1000 lbs. $219.25 for September-October ID. Heifers: Medium and Large 1-2 Current Delivery FOB Price 600-700 lbs. $219 WA. Future Delivered FOB Price 600-700 lbs. $220 October OR; 600-700 lbs. calves $205 October WA. Current Delivery Delivered Prices 700-800 lbs. $215 WA; 800-900 lbs. $193-201 ID; 900-1000 lbs. $200 ID. Future Delivery Delivered Price 700-800 lbs. $218.50 September-October ID. Heifers Large 2-3 Current Delivery FOB Price 300-400 lbs. $225 ID;500-600 lbs. $210 ID.

NORTHWEST DIRECT CATTLE

(USDA Market News)

Moses Lake, Wash.

August 1

This week Last week Last year

2,303 3,850 NA

Compared to July 25: feeder cattle $5-10 higher. Trade light to moderate with good demand. The feeder supply included 53 percent steers and 47 percent heifers. Approximately 79 percent of the supply weighed over 600 lbs. Prices are FOB weighing point with a straight weight to 3 percent shrink or equivalent and with a $0.05-$0.10 slide on calves and a $0.04-$0.05 cent slide on yearlings. Delivered prices include freight, commissions and other expenses.

Steers: Medium and Large 1-2: Current Delivery FOB Price: 600-700 lbs. $226-242 WA; 800-900 lbs. $207 ID. Future Delivery FOB Price: 600-700 lbs. $230 for Oct OR; 600-700 lbs. calves $215 for Oct WA; 800-900 lbs. $210 for September and February ID-WA; Current Delivery Delivered Price: 800-900 lbs. $206-220 ID-WA; Future Delivery Delivered Price:900-1000 lbs. $219.25 for Sep-Oct ID.

Heifers: Medium and Large 1-2: Current Delivery FOB Price 600-700 lbs. $219.00 WA. Future Delivered FOB Price 600-700 lbs. $220 Oct OR; 600-700 lbs. calves $205 Oct WA. Current Delivery Delivered Prices 700-800 lbs. $215 WA; 800-900 lbs. 193-201 ID; 900-1000 lbs.

200 ID. Future Delivery Delivered Price 700-800 $218.50 Sep-Oct ID.

Heifers Large 2-3: Current Delivery FOB Price 300-400 lbs. $225 ID; 500-600 lbs. $210 ID.



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