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

Nov. 25

Compared to last week: Slaughter cattle traded $.50-3 higher in the Southern Plains; Midwest markets $2-4 higher with few dressed sales up to $6 higher. Record high beef prices and tightening cattle supplies allow feedlots to leverage for higher prices. Boxed beef prices Friday morning averaged $186.62 down $.22 from last Friday. The Choice/Select spread is at $19.09. Slaughter cattle on a national basis for negotiated cash trades through Friday morning totaled about 166,606. Last week's total head count was 99,317.

Midwest Direct Markets: Live Basis: Steers and Heifers 35-80 Percent Choice, 1200-1400 lbs. $125-127.50 Dressed Basis: Steers and Heifers: $200-202 mostly $2

South Plains Direct Markets: Live Basis: Steers and Heifers 35-65 percent Choice, 1100-1400 lbs. $123-125.50.

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

USDA's Cutter cow carcass cut-out value Friday morning was $146.72 down $.30 from last Friday.

NATIONAL FEEDER AND STOCKER CATTLE

(Federal-State Market News)

St. Joseph, Mo.

Nov. 23

This week Last week Last year

172,300 364,600 179,100

Compared to last week, a very light test of feeder classes sold steady to $3 higher with most markets operating on reduced receipts or closed down entirely for the Thanksgiving Holiday. Demand remains good, especially for limited offerings of true yearlings and featherweight calves weighing under 500 lbs. Cattlemen have much to be thankful for this holiday season with all-time record high prices posted during November on most major cattle and beef products, including; Choice carcass cut-out values, 50 percent lean beef trimmings, live slaughter cattle (including CME contracts), yearling feeder cattle (including the CME feeder cattle index and the Board), and all classes of lightweight calves throughout the country. This has by far been the most impressive market performance in the history of the beef cattle industry and it has happened right in the face of turkey/ham day and the seasonal lull in retail beef featuring and purchasing. The direct fed cattle market once again climbed atop its record pedestal this past week with live sales $.50- 3.50 higher and trading from $123-127.

Rare sightings of yearling load- lot consignments being offered for sale were reported in Burwell, Neb., and Green City, Mo., on Nov. 21. The Burwell Livestock Market boasted a load of Value Added steers weighing 706 lbs. at 159.50 and a 40 head lot of 650 lb. replacement quality heifers that brought $158.50.

The weighing and flesh condition of the yearlings at Green City's Annual Special was not nearly as attractive to buyers as usual, because an abnormally dry late-summer and fall caused an additional need for supplemental feeding. However, nearly 600 head of top quality 8 weight steers averaged 852 lbs. at $147.33, with over 200 head that were considered to be fleshy averaging 821 lbs. at $141.60.

Meanwhile, pee-wee calves continue to light up the salebarn scoreboards like the one in Riverton, Wyo., which quoted near 150 head of top quality steer calves under 400 lbs. which averaged 344 lbs. at $206.36. Fundamentally, there's no reason to believe that these record setting prices won't continue to rise but the holiday season tends to make folks nervous. This week's holiday interrupted auction volume included 41 percent over 600 lbs. and 42 percent heifers.

AUCTIONS

This week Last week Last year

129,100 327,500 116,800

DIRECT

This week Last week Last year

27,900 33,800 41,500

Recommended for you