NATIONAL FEEDER AND STOCKER CATTLE
(Federal-State Market News)
St. Joseph, Mo.
This week Last week Last year
306,100 101,900 338,400
Compared to last week: Steers and heifers traded steady to 5.00 higher as most auctions were filled with spring calves making their way to town for the first time.
Most mid-week auctions were in fact looking back two weeks ago due to the Thanksgiving holiday and they had some catching up to do as receipts were large.
Demand was good to very good for all classes of cattle this week even with many calves coming through the ring right off the cow.
Farmers are finishing up harvest as corn harvested was reported at 95 percent as of Nov. 26. With the unseasonably warm and dry weather across the country this week, expect that number to get even closer to completion.
Farmers in the Plains states are pretty much done, however, Indiana, Ohio and Michigan are the states lagging behind the most.
Some farmers can now turn their attention to their livestock enterprise. If they still have fences coupled with corn and wheat having bleak outlooks on P&L statements, farmers have shown up to sale barns from the Southern Plains to the Northern Plains this week.
Several calf specials are on the calendars for this three-week rush before the Christmas holiday. Fed cattle harvests have been aggressive this summer and fall as both international and domestic demand for beef have only fueled the packer profitability for over six months now.
Feedyards continue to market cattle in a timely fashion to keep the front-end current supply in check.
December Live cattle futures have been ho-hum the past couple weeks to close today at 117.23, 1.34 lower than last Friday’s close. Feeder Cattle futures lost some momentum a couple weeks ago and have recovered to close today at 150.33, 2.97 lower than a week ago.
Cash fed cattle trade broke out on Thursday. In the Texas Panhandle, live purchases were 3.00 higher at 121.00. In Kansas, live purchases were 2.00 to 3.00 higher from 120.00-121.00. In Nebraska, live purchases were 1.00 higher at 121.00 and dressed purchases were steady at 190.00.
In the Western Cornbelt, live purchases were 1.00 to 2.00 higher from 120.00-122.00, with dressed purchases steady at 190.00.
There were some notable feeder cattle sales throughout the week. On Monday at the Sioux Falls Regional Livestock Auction in Worthing, S.D, a load of 926-pound steers sold at 160.50. Even more
remarkable, on Wednesday at the Huss Platte Valley Auction in Kearney, Neb., two loads of 920-pound heifers sold at an impressive 161.50. Both of these sales are just shy of 1500.00 per head.
Choice boxed beef values closed 5.00 lower than last Friday at 205.99. Select closed as 183.61, with the Choice-Select spread at 22.38. Auction volume this week included 41 percent weighing over 600 lbs and 41 percent heifers.
(USDA Market News)
Slaughter cattle trade in Texas and Kansas traded mostly 2.00 to 3.00 higher. Nebraska live sales 1.00 higher and dressed sales steady.
Boxed Beef prices as of Friday afternoon averaged 194.80 down 2.75 from last Friday. The Choice/Select spread is 22.38. Slaughter cattle on a national basis for negotiated cash trades through Thursday afternoon totaled 119,330 head. Last week’s total head count was 126,118 head.
Midwest Direct Markets: Live Basis: Steers and Heifers 120.00-122.00. Dressed Basis: Steers and Heifers 190.00
South Plains Direct Markets: Live Basis: Steers and Heifers 120.00-122.00.
Slaughter Cows and Bulls (Average Yielding Prices): Slaughter cows mostly steady few trades 1.00 higher. Slaughter bulls 2.00 to 3.00 higher. Demand moderate to good in the South Central region.
Cutter Cow Carcass Cut-Out Value Thursday was 167.81 down 0.36 from last Friday.
NW WEIGHTED AVERAGE
DIRECT FEEDER CATTLE
This Week Last Week Last Year
630 Holiday 2300
Compared to the last report 2 weeks ago: Feeder steers unevenly steady. Feeder heifers not well tested. Demand moderate. The feeder supply included 89 percent over 600 lbs and 11 percent heifers.
Unless otherwise stated prices are FOB weighing points with 2-3 percent shrink or equivalent and a 5-10 cent slide on calves and a 4-12 cent slide on yearlings from base weights. Current sales are up to 14 days delivery.
Feeder Steers Medium and Large 1:
Head: 75; Wt Range 675; Avg Wt 675; Price Range 160.00; 160.00; Current Del
Head: 65; Wt Range 825; Avg Wt 825; Price Range 158.00; 158.00; Current Del
Head: 110; Wt Range 890; Avg Wt 890; Price Range 160.00; 160.00; Current Del
Feeder Steers Medium and Large 1-2:
Head: 155; Wt Range 620-625; Avg Wt 621; Price Range 156.00-158.00; Avg Price 156.45; Current Del.
Head: 35; Wt Range 725; Avg Wt 725; Price Range 154.00; Avg Price 154.00; Current Del
Head: 120; Wt Range 865; Avg Wt 865; Price Range 152.00; Avg Price 152.00; Current Del
Feeder Heifers Medium and Large 1:
Head 70; Wt Range 580; Avg Wt 580; Price Range 153.00; Avg Price 153.00; Current Del