Trade slow with light demand and light buyer participation at the Stockland Livestock Auction in Davenport, Wash.
Bids for U.S. 1 Soft White Wheat delivered to Portland in unit trains or barges during October for ordinary protein were 14.00 to 21.00 cents higher than week ago prices at $5.4825-5.55, mostly $5.5125, compared to $5.2725-5.41 last week for October delivery.
Asking prices for next week are 23 cents lower for Jumbo, 17 cents lower for Extra Large, 18 cents lower for Large, and 7 cents higher for Medium and Small.
Slaughter lambs were mostly sharply lower. Slaughter ewes were steady to $10.00 lower. Feeder lambs were mostly steady to $10.00 lower.
Calf prices have lost a third of their value in just a few short months, and any class of feeder calves does not look attractive to buy as the bottom continues to succumb in this market free-fall.
Compared to last week slaughter lambs were very uneven, mostly steady to $10 higher. Slaughter ewes were uneven, mostly steady to $10 lower. Feeder lambs were mostly steady to $5 higher.
Many Oregon producers have decided to hold on to their hay for now, hoping for higher prices.
Nearby bids for U.S. 1 Soft White wheat ordinary protein started the reporting week on Sept. 18 at mostly $5.3775 then moved higher to mostly $5.457 on Sept. 21 and dropping slightly lower to mostly $5.4550 on Sept. 22.
The undertone is steady to lower for the larger sizes and steady to mostly higher for medium.
Yearling feeder cattle sold mostly $5-10 lower, with instances $15 lower. Calves traded mostly $5-15 lower with some sales $20 lower throughout the Midwest and Southeast.
Stocker and feeder cattle $14-16 lower at the Toppenish Wash., Livestock Auction. Trade slow to moderate with light to moderate demand. Slaughter cows and bulls $5-10 lower.