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National Cattle Market

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National Cattle Markets

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

Feb. 7

Compared to Jan. 31: No direct trade reported in the South Plains at time of report. Early trade in Nebraska is $5-7 lower for dressed sales and $5 lower in live sales.

Boxed beef prices Feb. 7 averaged $211.11 down $13.06. The Choice/Select spread is at $2.29. Slaughter cattle on a national basis for negotiated cash trades through Feb. 7 totaled about 7,000 head. The previous week’s total count was 63,102 head.

Midwest Direct Markets: Live Basis: Steers and Heifers 35-80 Percent Choice, 1200-1400 lbs. $140-141 Dressed Basis: Steers and Heifers: $225.

Slaughter Cows and Bulls (Average Yielding Prices): Slaughter cows and bulls sold mostly steady.

USDA’s Cutter cow carcass cut-out value Jan. 31 was $175.95 down $.11 from Jan. 31.

NATIONAL FEEDER AND STOCKER CATTLE

(Federal-State Market News)

St. Joseph, Mo.

Jan. 31

This week Last week Last year

176,400 352,300 309,800

Compared to Jan. 31,: Wintry weather and bitter cold temperatures across the nation slowed the movement of livestock and forced many cattle auctions to cancel this week’s sales. The best tested markets this week were in the Southeast, where marketing slowly resumed from last week’s ice storm, and in the extreme Northern Plains of the Dakotas where folks are simply tougher than the rest of us. Lower undertones were prevalent on all classes of feeder cattle on reduced receipts with prices ranging steady to mostly 5 lower where trends were applicable.

Nationwide reported auction receipts were down 39 percent from last week, Missouri cattle auction headcounts were down 80 percent with up to a foot of snow falling on Tuesday. Direct sales were also much lighter (even for out-front delivery) as country trades look to the auctions for a market guide and have had a hard time trying to keep up this winter.

CME cattle futures have also lagged behind cash trades during this most recent record-breaking rally on both Live and Feeder cattle. This is part of the reason (along with struggling boxed beef cut-out values) for finished cattle prices falling by as much as $10 from the record high (near $150) established just two weeks ago. The dressed beef supply and demand curve intersected at a much lower point this week as “sticker shock” has caused retailers to only purchase enough for immediate needs.

In fact, all levels of beef and beef cattle saw slow trading this past week. Perhaps it was because so many of the players were attending the industry’s annual convention in Nashville. Meanwhile, grassroots producers were busy trying to get cattle fed and watered at the same time the season’s first babies were hitting the ground (ice/snow). Current market levels are putting extra incentive into saving this year’s offspring, on top of the already lofty responsibility of being a cow/calver.

Herd expansion is in full swing and many producers are in the market for fancy replacement quality heifers. Angus based bloodlines continue to grow in popularity, but individualistic preference is far from gone, which is what makes cattle production the greatest of all agriculture endeavors. Jan. 31, at the Burwell, Neb., Livestock Market a set of 667 lb. Hereford heifers brought $224 with some true F-1 baldies weighing 686 lbs. heading out to pasture at $235. The week’s reported auction volume included 56 percent over 600 lbs. and 40 percent heifers.

AUCTIONS

This week Last week Last year

154,300 253,000 238,600

WASHINGTON 1,200. 66 pct over 600 lbs. 51 pct heifers. Steers: Medium and Large 1-2 500-550 lbs. $198.75; 650-700 lbs. $168.45. Medium and Large 1-2 Few 500-550 lbs. $174.68; 600-650 lbs. $170; Pkg 771 lbs. $154.

DIRECT

This week Last week Last year

20,300 47,900 62,700

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

NORTHWEST (Washington-Oregon-Idaho) 1,300. 8 pct over 600 lbs. 8 pct heifers. Steers: Medium and Large 1-2 Current Delivery FOB Price 550-600 lbs. $190 Idaho; 600 lbs. $185 Washington; 800 lbs. $162 Idaho. Holsteins: Large 2-3 Current Delivery FOB Price 300-350 lbs. $125-130 Washington; 350 lbs. $150 value added Washington. Heifers: Medium and Large 1-2 Current Delivery FOB Price 550-600 lbs. $180 Washington.

NORTHWEST DIRECT CATTLE

(USDA Market News)

Moses Lake, Wash.

Feb. 7

This week Last week Last year

1,260 4,100 5,400

Compared to Jan. 31: Not enough stocker or feeder cattle this week for accurate trends. Trade slow as an interest or so is full this week and for the time being out of the market. Demand remains moderate to good. The feeder supply included 92 percent steers and 8 percent heifers. Near 8 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: 550-600 lbs. $190 Idaho; 600 lbs. $185 Washington; 800 lbs. $162 Idaho.

Holstein Steers: Large 2-3: Current Delivery FOB Price: 300-350 lbs. $125-130 Washington; 350 lbs. $150 value added Washington.

Heifers: Medium and Large 1-2: Current Delivery FOB Price: 550-600 lbs. $180 Washington.



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