Cattle prices in dollars per hundredweight (cwt.) except some replacement animals per pair or head as indicated.

NATIONAL FEEDER AND STOCKER CATTLE

(Federal-State Market News)

St. Joseph, Mo.

April 20

This week Last week Last year

224,300 250,800 270,500

Compared to the previous week, feeder cattle and calves sold firm to $3 higher on the heels of positive signals late last week on the fed cattle and futures market. Feeder buyers pushed price levels to fill a few more vacant pens before marketing slows to a crawl as producers turn their attention to corn and soybean planting in the Midwest, wheat harvest in the Southern Plains and hay production across the southern tier of the United States. Everything is running ahead of schedule so far this year, from cattle being turned out to farm production, which should increase efficiency with perhaps an extra cutting of hay or double cropping early harvested wheat fields.

Northern feedlot areas sold cattle $5 higher in-the-beef from $198-200 and $123-124 live, while Kansas was fully steady at $122. The problem was down in the Texas Panhandle where negotiating feedlots traded steady to $2 lower from $120-122 on barely enough volume to fully establish averages of which many more cattle will be priced. April 20's cattle-on-feed report inched closer to revealing how tight cattle numbers really are, but still pegged April 1 on-feed inventories at 2 percent more than a year ago.

March feeder cattle placements were only 93.6 percent of last year and fed marketings last month were 96.4 percent of 2012. On feed totals were exactly what analysts predicted while placements and marketings came in slightly higher, basically offsetting each other. Boxed beef cut-out values gained over 10 this week as grilling season nears and packers slashed slaughter rates, with last week being the smallest non-holiday harvest since February 2005.

AUCTIONS

This week Last week Last year

193,400 166,400 222,200

WASHINGTON 3,700. 61 pct over 600 lbs. 52 pct heifers. Steers: Medium and Large 1-2 450-500 lbs. $181.84; 500-550 lbs. $180.21; 550-600 lbs. $172.66; 600-650 lbs. $159.38; 650-700 lbs. $158.87; 700-750 lbs. $143.86; 750-800 lbs. $140.32; 800-850 lbs. $138.79; 850-900 lbs. $133.02. Medium and Large 1-2 350-400 lbs. $172; 400-450 lbs. $165.54; 450-500 lbs. $166.56; 500-550 lbs. $150.34 value added 162; 550-600 lbs. $147.24; 600-650 lbs. $140.87; 650-700 lbs. $138.21; 700-750 lbs. $133.21; 750-800 lbs. $131.84; 800-850 lbs. $133.89.

DIRECT

This week Last week Last year

28,800 15,600 43,600

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

NORTHWEST (Washington-Oregon-Idaho) 2,200. 87 pct over 600 lbs. 23 pct heifers. Steers: Medium and Large 1-2 Current 850-900 lbs. $136-137 Idaho; 800-850 lbs. $136-137 Idaho del.;; October-December 500-600 lbs. $172-182 value added Oregon-Idaho; December 600-650 lbs. $165-171 calves Oregon; 700 lbs. $160 calves Oregon; September-October 900 lbs. $145 Idaho. Heifers: Medium and Large 1-2 Current 750-800 lbs. $128 Idaho 850-900 lbs; October-November 550-600 lbs. $166 value added Idaho; December 600-650 lbs. $157 Oregon 130 Washington-Oregon Del.

NORTHWEST DIRECT CATTLE

(USDA Market News)

Moses Lake, Wash.

April 20

This week Last week Last year

2,150 2,450 600

Compared to the previous week, feeder cattle for current and calves for fall delivery steady to $2 lower. Yearlings for fall delivery firm. Trade slow to moderate as the futures market was very volatile this week. Demand was good early and later in the week as the futures markets calmed down. The feeder supply included 77 percent steers and 23 percent heifers. Near 87 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: FOB Current Delivery Prices: 850-900 lbs. $136-137 Idaho. Current Delivered Prices: 800-850 lbs. $136-137 Idaho. Future Delivery FOB Prices: 500-600 lbs. $172-182, value added for October-December Oregon-Idaho; 600-650 lbs. $165-171 calves for December Oregon; 700 lbs. $160 calves for December Oregon; 900 lbs. $145 for September-October Idaho.

Heifers: Medium and Large 1-2: FOB Current Delivery Prices: 750-800 lbs. $128 Idaho. Current Delivered Prices: 850-900 lbs. $130 Washington-Oregon. Future Delivery FOB Prices: 550-600 lbs. $166, value added for October-November Idaho; 600-650 lbs. $157 for December Oregon.

Recommended for you