National slaughter, feeder and stocker market report

Yearling cattle still have very good demand as in Bassett, Neb., on Wednesday sold near 375 head of 1000-1020 lbs. steers with a weighted average price of $213.21 and 106 head fancy steers weighing 1,000 lbs. at $223.75.

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

Aug. 15

Compared to Aug. 8: On Thursday, negotiated cash trade was light on light to moderate demand in Kansas, Nebraska and the Western Cornbelt. Thursday in Kansas, few dressed sales sold at $243.50 with live sales at $155 on Wednesday. In Nebraska on Thursday, compared to live sales prior in the week, a few live sales sold $1-4 higher at $156. However, live sales for the week have sold $6-8 lower compared to last week from $152-156. On Thursday few dressed sales sold steady at $244 compared to Wednesday.

On Wednesday in the Western Cornbelt, live sales sold at $154 with dressed sales from $240-243 mostly at $240. Trade was mostly inactive on light to moderate demand in the Texas Panhandle and Colorado on Thursday. Last week in the Texas Panhandle live sales sold from $158-160 and from $160-160.50 in Colorado. Boxed beef prices Friday morning averaged $253.12 that is $4.39 lower than last Friday. The Choice/Select spread is $5.83. Slaughter cattle on a national basis for negotiated cash trades through Friday morning totaled about 80,000 head. Last week’s total head count was 49,250 head.

Midwest Direct Markets: Live Basis: Steers and Heifers 35-80 Percent Choice, 1200-1400 lbs. $155-156; Dressed Basis: Steers and Heifers: $244

South Plains Direct Markets: Live Basis: Steers and Heifers 35-65 percent Choice, 1100-1400 lbs. $157

Slaughter Cows and Bulls (Average Yielding Prices): Due to summer scheduling the western market will temporarily be Wyoming. Slaughter cows steady to $2 higher with exception of the western region being steady to $2 lower. Slaughter bulls mostly steady to $3 lower. Packer demand remains good. USDA’s Cutter cow carcass cut-out value Friday morning was $233.68 up $3.15 from last Friday.

%Lean Weight Wyoming Oklahoma Alabama

Breakers 75-80% 1100-1600 122.00-125.00 125.00-133.00 107.00-112.00

Boners 80-85% 1000-1450 120.00-130.00 127.00-132.50 109.00-114.00

Lean 85-90% 1000-1300 104.00-112.00 119.00-126.00 101.00-106.00

Bulls 88-92% 1300-2500 142.50-151.00 145.00-153.50 126.00-129.00

NATIONAL FEEDER AND STOCKER CATTLE

(Federal-State Market News)

St. Joseph, Mo.

AUG. 15

This week Last week Last year

195,900 248,100 209,300

Compared to Aug. 8: Feeder cattle and calves traded weak to $5 lower with spots $10 lower. Last week’s limit losses on Thursday and Friday in the live and feeder cattle pits spilled over into this week. Monday’s CME session showed signs of decent gains and footing only to be a dead cat bounce as sharp losses on Tuesday and Wednesday set the tone for the week before firming up on Thursday.

Feeder cattle numbers remain limited as they have all year and demand remains very good for all offerings of feeder cattle with buyers still holding plenty of orders. Best demand for lightweight calves under 550 lbs. is still very active as in Loup City, Neb., on Tuesday the market was very optimistic selling 500-535 lbs. steer calves right off the cow for weighted average price of $291.89. Yearling cattle still have very good demand as in Bassett, Neb., on Wednesday sold near 375 head of 1000-1020 lbs. steers with a weighted average price of $213.21 and 106 head fancy steers weighing 1,000 lbs. at $223.75. Many market watchers feel the market has been too top heavy but the market still has a lot of optimism and activity as most markets reported demand very good.

This week’s USDA grain report had bearish estimates for corn with estimated yield of 167.4 bpa and 14.032 billion bushels both a little less than expected but setting new highs in yield and production. Fed cattle market is struggling to hold prices near record levels as this week’s trade with live sales mostly $5 lower in Kansas at $155.00 with sales in Nebraska from $154-155.

On Thursday morning a few live sales in western Nebraska traded at $156. Despite showing so much strength only a few weeks ago, there seems to be fears of too high too fast. We have also seen hog futures decline sharply as well after hitting a record high in July. The American consumer has a great variety of competing meats to choose from and is quick to notice when budgets are tight. With lower boxed beef prices this will hopefully spark retail buying going into Labor Day Weekend. This week’s auction volume included 50 percent over 600 lbs. and 40 percent heifers.

AUCTIONS

This week Last week Last year

146,300 137,800 156,800

WASHINGTON - 3,200. 86 pct over 600 lbs. 44 pct heifers. Steers: Medium and Large 1-2 450-500 lbs. (478) $252.05; 550-600 lbs. (562) $237.63; 600-650 lbs. (625) $235.82; 650-700 lbs. (675) $230.86; 700-750 lbs. (735) $226.03; 750-800 lbs. (791) $221.24; 800-850 lbs. (819) $206.11; 850-900 lbs. (883) $201.87. Heifers: Medium and Large 1-2 500-550 lbs. (517) $230.18; 650-700 lbs. (683) $221.14; 700-750 lbs. (721) $210.54; 750-800 lbs. (793) $211.02; 800-850 lbs. (830) $200.57; 850-900 lbs. (880) $196.77.

SOUTHWEST (AZ-CA-NV) 4,700. No cattle over 600 lbs. No heifers. Holsteins: Large 3 Dec 300 lbs. $295-301 Del; Jan 300 lbs. $297-304 Del; Dec-Jan 325 lbs. $288 Del.

NORTHWEST (WA-OR-ID) 1,500. 83 pct over 600 lbs. 56 pct heifers. Steers: Medium and Large 1-2: Current Delivery FOB Price: 800 lbs. $212 WA. Current Delivery Delivered Price: 800 lbs. $213-215 ID; 900-950 lbs. $208 ID. Holstein Steers: Large 2-3: Current Delivery FOB Price: 350 lbs. $200 WA. Heifers: Medium and Large 1-2: Current Delivery FOB Price: 700 lbs 207.00 WA. Current Delivery Delivered Price: 800-900 lbs. $207-208 ID; Future Delivery Delivered Price: 800-900 lbs $205-209 for Sep ID

NORTHWEST DIRECT CATTLE

(USDA Market News)

Moses Lake, Wash.

August 15th

This week Last week Last year

1,500 1,637 7,310

Compared to Aug. 8: Feeder cattle weak in a light test due in part to a lower futures market this week. Trade slow. Demand light to moderate. The feeder supply included 44 percent steers and 56 percent heifers. Near 83 percent of the supply weighed over 600 lbs. Prices are FOB weighing point with a 1-4 percent shrink or equivalent and with a $0.05-0.10 slide on calves and a $0.03-0.07 slide on yearlings. Delivered prices include freight, commissions and other expenses.

Steers: Medium and Large 1-2: Current FOB Price: 800 lbs. $212 WA. Current Delivered Price: 800 lbs. $213-215 ID; 900-950 lbs. $208 ID.

Holstein Steers: Large 2-3: Current FOB Price: 350 lbs. $200 WA

Heifers: Medium and Large 1-2: Current FOB Price: 700 lbs. $207 WA. Current Delivered Price: 800-900 lbs. $207-208 ID; Future Delivered Price: 800-900 lbs. $205-209 for Sep ID.



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