AND STOCKER CATTLE
(Federal-State Market News)
St. Joseph, Mo.
RECEIPTS: Auctions Direct Video/Internet Total This Week 131,200 62,500 113,800 307,500 Last Week 149,400 59,200 217,200 425,800 Year Ago 141,600 67,700 100,700 310,000 Compared to last week, steers and heifers sold steady to 3.00 higher with some Northern Plains auctions reported 4.00 to 8.00 higher. Demand was good to very good this week as calves and yearlings were sought after. Most of the offerings were coming off summer grass and were heavier than normal given the abundance of rainfall this spring and early summer. On Wednesday at Bassett (NE) Livestock Auction, a string of fancy 526 lb steers sold from 208.50 to 210.00, while a load of 702 lb steers sold at 172.50. On Thursday at Valentine (NE) Livestock Auction a load of 1067 lb steers sold at 140.00 while a load of 1142 lb steers sold at 130.60. Grazing conditions may be elongated somewhat this year due to that abundance of grass with the runs of yearlings that happen ahead of the Labor Day holiday. Ranchers have been ecstatic to see greener pastures this week compared to last year at this time when several producers were feeding hay to keep their cow herd together. This week, the drought monitor is showing near 11 percent in drought status with the largest piece of that being in the upper Northwest part of the country. Around 3 percent is listed in the Moderate drought category. This is in a drastic contrast to a year ago, when near 54 percent of the country showed in drought status and 32 percent in Moderate drought or worse. Forage harvest has continued right along this year after a lengthy period of wetter weather at the beginning of the season. For those along the major river ways the desire for more moisture sounds irrational as the Mississippi River along the banks of St. Louis just this week finally fell below flood stage for the first time since March. Weekly auction receipts (131,200) on this report is the smallest non-holiday week since August 2017. This week’s weather was a complete 180 from the previous one. A cold front moved across the midsection of the country bringing cooler temperatures after a week that was tough for man and beast when heat indexes settled north of 100. Boxed-beef values have pretty much held their ground during the dog days of summer as excellent beef demand, continuing large kill levels and good margins remain for packers. For the week, the Choice cutout closed 1.25 lower at 212.17, while Select was 1.17 lower at 188.34. Negotiated cash fed cattle in the Southern Plains reported at 1.00 higher than last week at 112.00. Cattle Slaughter under federal inspection estimated at 651K for the week, 3K less than last week and 11K more than a year ago. Auction volume this week included 56 percent weighing over 600 lbs and 40 percent heifers.
Northwest Weighted Average Direct Feeder Cattle
Weekly Summary WA-OR-ID-UT
Receipts: 1,901 Last Week: 1,706 Year Ago: 3,004 Compared to last week: Feeder steers 2.00-3.00 higher, feeder heifers mostly steady on few sales. Demand good. Direct trade picking up this week with feedyards needing to fill up pen space. Carcass weights remain lower indicating front end currentness. Supply consisted of 100 percent over 600 lbs. and 22 percent heifers. Unless otherwise stated prices are FOB weighting points with 2-3 percent shrink or equivalent and a 5-10 cent slide on calves and a 4-12 cent slide on yearlings from base weights. Current sales are up to 14 days delivery. Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Delivery 150 800 800 141.00-142.00 141.40 Current Del 15 850 850 134.00 134.00 Current Del Split Loads 101 900-925 914 134.00-137.50 135.96 Current Del 1215 925 925 136.50 136.50 Aug Del Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Delivery 160 750 750 134.00 134.00 Current Del 195 850-875 860 124.00-126.00 125.22 Current Del 65 850 850 128.00 128.00 Current Del Split Loads