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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. 16

Compared to Aug. 9: Slaughter cattle trading in the South Plains and the Midwest not available at time of report in the Midwest. Dressed sales in Nebraska trading at $200. Boxed beef prices noon Aug. 16 averaged $190.08 up $4.59 from Aug. 9. The Choice/Select spread is at $7.82. Slaughter cattle on a national basis for negotiated cash trades through noon Aug. 9 totaled about 4,000 head. Last week’s total head count was 120,971.

Midwest Direct Markets: Dressed Basis: Steers and Heifers: $3-4 higher.

Slaughter Cows and Bulls (Average Yielding Prices): Slaughter cows and bulls sold steady to $3 higher.

USDA’s Cutter cow carcass cut-out value Aug. 16 was $163.23 up $2.62 from Aug. 9.

NATIONAL FEEDER AND STOCKER CATTLE

(Federal-State Market News)

St. Joseph, Mo.

Aug. 16

This week Last week Last year

209,300 405400 370,900

Compared to Aug. 9, yearling feeder cattle sold $2-5 higher while calves traded $5-10 higher with the full advance once again on lightweight steers under 500 lbs. Each week, yearling price levels seem to have topped-out only to appear fairly reasonable by the following weekís trading. Independent farmer feeders are fully engaged in the purchasing frenzy as yearling demand continues to be best in the high corn production areas, while Nebraska Sandhill supplies were much lighter than normal this year.

At the salebarn in Fairview, Ill., a fancy load of 752 lb. steers brought $167.50 on local demand while the Aug. 13 sale at the St. Joseph, Mo., Stockyards saw a three load string of top quality 705 lb. heifers sell for $159.50 bound for a Nebraska feedlot.

The CME Feeder Cattle Index, which is the cash settlement price for Feeder Cattle contracts (based on a 750 lb. steer) reached $152.36 this week, which is the highest level since June of 2012.

Calf sales have been just as impressive, mostly in response to unseasonably wet weather throughout the Southern Plains with additional flash flooding seen in parts of Kansas and Oklahoma this week. The OKC-West El Reno Livestock Market sold a part load of thin-fleshed 451 lb. steers on Aug. 13 at $206.

Backgrounders are digging just as hard as cattle feeders to replace their headcounts; but unlike the feedlots, cattle growers have experienced handsome profits on recent sales to replenish their investment equity. Finally, black ink seems to be on the way for feedlot closeouts. Cheaper feedstuffs and an improving fed cattle market promise some relief for cattle feeders with feedlots still rejecting steady bids late Aug. 16 in Southern regions, while limited sales were quoted in Nebraska and Iowa from $199-200 dressed to regional packers. Rainfall has not been nearly as plentiful across the Corn Belt and the upper Midwest this summer but mild temperatures have kept crops and pastures from burning up. Now that harvest yields are the only unanswered variable to this yearís crop, analysts have moved to early frost fears to create grain market volatility. Along with grass regrowth, wheat pasture grazing should be good this fall which will keep a fire stoked under the calf market. Yearling prices are bound to be near their peak, unless a fat cattle rally unleashes more market potential. The weekís reported auction volume included 56 percent over 600 lbs. and 40 percent heifers.

AUCTIONS

This week Last week Last year

156,800 140,000 159,700

WASHINGTON 600. 93 pct over 600 lbs. 33 pct heifers. Steers: Medium and Large 1-2 650-700 lbs. $142.98; 750-800 lbs. $142.75; package 831 lbs. $139.75; 850-900 lbs. $139; package 965 lbs. $127. Heifers: Medium and Large 1-2 600-650 lbs. $137.58; 750-800 lbs. $125.23.

DIRECT

This week Last week Last year

45,900 43,800 63,400

SOUTHWEST (Arizona-California-Nevada) 9,600. No cattle over 600 lbs. No heifers. Holsteins: Large 3 275 lbs. $157 December del.; 300 lbs. $140 October del.; 300 lbs. $145 November del..

NORTHWEST (Washington-Oregon-Idaho) 7,300. 83 pct over 600 lbs. 36 pct heifers. Steers: Medium and Large 1-2 Current delivery FOB Price 850 lbs. $150 value added Washington; Current Delivery Delivered Price 800 lbs. $148 value added Washington; Future Delivery FOB Price 550-600 lbs. $168-173 value added for October-November Oregon; 600-650 lbs. $157-164 value added calves for October-November Washington-Idaho; 650 lbs. $150-152 calves for October-November Oregon-Washington; 750 lbs. $144-150 for September-November Washington-Oregon; 800-900 lbs. $147-148 for February Washington; Future Delivery Delivered Price 850-900 lbs. $144 for October Washington-Oregon. Holsteins: Large 2-3 Current Delivery 300 lbs. $110 Washington. Heifers: Medium and Large 1-2 Current Delivery FOB Price 800 lbs. $146 value added Washington. Future Delivery FOB Price 500-600 lbs. $159-165 value added for October-November Oregon-Washington; 550-600 lbs. $151.50-152 for October-November Idaho; 600-700 lbs. $139-144 calves for September-October Oregon-Washington; 600-650 lbs. $150-155 value added calves for November Washington-Idaho; 700 lbs. $142 for November Washington; 800 lbs. $144 for February Washington; 900 lbs. $143 for September Oregon; Future Delivery Delivered Price 750-800 lbs. $139 for October Washington-Oregon.

NORTHWEST DIRECT CATTLE

(USDA Market News)

Moses Lake, Wash.

Aug. 16

This week Last week Last year

7,310 NA 9,650

No trends due to market not reported the last two weeks. Trade active this week as eastern buyers are aggressive for numbers due to their lower costs of gains. Demand remains good. The feeder supply included 64 percent steers and 36 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 5-10 cent slide on calves and a 3-6 cent slide on yearlings.

Steers: Medium and Large 1-2: Current Delivery FOB Price: 850 lbs. $150 value added Washington. Current Delivery Delivered Price: 800 lbs. $148 value added Washington; Future Delivery FOB Price: 550-600 lbs. $168-173 value added for October-November Oregon; 600-650 lbs. $157-164 value added calves for October-November Washington-Idaho; 650 lbs. $150-152 calves for October-November Oregon-Washington; 750 lbs. $144-150 for September-November Washington-Oregon; 800-900 lbs. $147-148 for February Washington. Future Delivery Delivered Price: 850-900 lbs. $144 for October Washington-Oregon.

Holsteins Steers: Large 2-3: Current Delivery: 300 lbs. $110 Washington.

Heifers: Medium and Large 1-2: Current Delivery FOB Price: 800 lbs. $146 value added Washington. Future Delivery FOB Price: 500-600 lbs. $159-165 value added for October-November Oregon-Washington; 550-600 lbs. $151.50-152 for October-November Idaho; 600-700 lbs. $139-144 calves for September-October Oregon-Washington; 600-650 lbs. $150-155 value added calves for November Washington-Idaho; 700 lbs. $142 for November Washington; 800 lbs. $144 for February Washington; 900 lbs. $143 for September Oregon. Future Delivery Delivered Price: 750-800 lbs. $139 for October Washington-Oregon.



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