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National feeder and stocker cattle report

Feeder demand improved this week as slaughter cattle pricing managed to hold mostly steady.

Published on October 5, 2018 1:46PM


NATIONAL FEEDER

AND STOCKER CATTLE

(Federal-State Market News)

St. Joseph, Mo.

Oct. 5

This week Last week 2017 (Hd)

336,400 234,300 276,500

Compared to Sept. 28: Feeder cattle traded firm to 2.00 higher on good demand. Calves sold unevenly steady with some areas of the country showing advances on weaned calves and a decline on un-weaned or short weaned calves.

Demand was light for short weaned calves which is very typical for this time of year with unpredictable weather patterns.

The extreme temperature changes this week across much of the trading area had buyers and seller concerned about herd health.

Feeder demand improved this week as slaughter cattle pricing managed to hold mostly steady. Packers continue to work in the black as slaughter rates remained aggressive and finished the week at 643,000 head, which was 7,000 behind last week, but 7,000 above of this time last year.

Despite the recent heavy rains in many areas of the country which typically prevents cattle from moving, auction receipts increased by 64,000 over last week. In the northern plains, the number of feeder cattle coming to auction was limited, as a larger number than normal, were sold earlier this summer due to limited forage conditions.

Western Cornbelt feeding area, pen space is limited, and cattle weights continue to rise as farmer feeders have experience good performance over the last month. In addition, with the current corn values, farmer feeders have plenty of feed supply going into the winter months. Thus, keeping demand strong for feeder cattle.

Feeder runs in the Southeast returning to normal as a drier pattern moves through following Hurricane Florence. This year’s wet weather in Southeast has been a benefit for hay farmers, as they are looking at getting additional cutting over their typically three cuttings in a year.

This is opposite of what took place for much of the Central U.S., where drought conditions were prevalent the majority of the summer months, limiting hay supplies causing prices to increase. Wheat planting is very active across the wheat belt as farmers try to benefit from a short dry period.

A strong cold front is pushing down from the North, combined with a tropical system from the southwest and is expected to drop heavy snows in a few northern states and heavy rains for much of the south and south central states.

Auction volume this week included 43 percent weighing over 600 lbs and 42 percent heifers.

National Slaughter

Cattle Summary

Oct. 5

Slaughter cattle trade mostly steady for live trades and 1.00 higher dressed from last week’s limited early test.

Boxed Beef prices as of Friday afternoon averaged 197.50 down 1.16 from last Friday. The Choice/Select spread is 11.51.

Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled 91,715. Last week’s total head count was 124,374.

Midwest Direct Markets:

Live Basis: Steers and Heifers: 110.00-111.00.

Dressed Basis: Steers and Heifers: 175.00.

South Plains Direct Markets:

Live Basis: Steers and Heifers: 111.00.

Slaughter Cows and Bulls (Average Yielding Prices):

Slaughter cows and bulls traded steady to 2.00 lower. Packer demand moderate. Cutter Cow Carcass Cut-out Value on Friday was 156.43 up 0.17 from last Friday.

Northwest Weighted

Direct Feeder Cattle

Oct. 5

This week Last week Last year (HD)

1,708 395 725

Compared to Sept. 8: Few comparable weight ranges to compare to from last week. Demand moderate. Supply included 39 percent over 600 lbs and 25 percent heifers. Unless otherwise stated prices are FOB weighting 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

60 Head: Avg Wt 585 lbs; Avg Price 162.00; Current Del

400 Head: Avg Wt 560 lbs; Avg Price 180.00; Oct-Nov Del

280 Head: Avg Wt 600 lbs; Avg Price 172.00; Oct-Nov Del

35 Head: Avg Wt 670 lbs; Avg Price 154.00; Oct-Nov Del

60 Head: Avg Wt 900 lbs; Avg Price 140.00; Oct-Nov Del

43 Head: Avg Wt 625 lbs; Avg Price 169.50; Nov Del

360 Head: Avg Wt 720 lbs; Avg Price 168.00; Nov Del

Feeder Steers Medium and Large 1-2

46 Head: Avg Wt 630 lbs; Avg Price 160.00; Current Del

Feeder Heifers Medium and Large 1

45 Head: Avg Wt 560 lbs; Avg Price 152.00; Current Del

125 Head: Avg Wt 575 lbs; Avg Price 160.00; Oct-Nov Del

40 Head: Avg Wt 600 lbs; Avg Price 153.00; Oct-Nov Del

120 Head: Avg Wt 900 lbs; Avg Price 132.00; Oct-Nov Del

40 Head: Avg Wt 600 lbs; Avg Price 156.50; Nov Del

Feeder Heifers Medium and Large 1-2

54 Head: Avg Wt 600 lbs; Avg Price 150.00; Current Del



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