AND STOCKER CATTLE
(Federal-State Market News)
St. Joseph, Mo.
RECEIPTS: This Week: 450,100 Last Week: 249,100 Year Ago: 462,900 Compared to last week, feeder steers prices were uneven, ranging from 2.00 lower in South-Central region to 3.50 higher in the North-Central region. Feeder heifers in both the South-Central and North-Central regions trended mostly steady to 1.00 lower. Southeastern feeder steers and heifers traded 1.00-2.00 lower on light offerings. Extremely hot weather has gripped most of the southern trading areas this week. Pasture conditions are deteriorating, causing for concern for the remainder of grazing season. Producers are weighing their options between decreased forage and the thought of hauling cattle to the auction barn in these extreme conditions. Temperatures topped 100 in the southern plains, with heat indices 110 plus all week. On the bright side, some northern areas felt a little relief as thunderstorms and rain moved across some regions. CME feeder cattle positions traded lower throughout last week and spent much of this week trying to gain back some of their losses. However, on Friday all contract months trended lower. With August closing at 138.90, September contract closed at 138.45 and the October contract closed at 138.25. Grain traders spent most of the day repositioning themselves ahead of the highly anticipated Monday report. There is a wide range of estimates for corn, 83.5-89.8 million acres planted. Down from 91.7 that was first reported for corn in June. Soybean estimates range from 78-83.5 million acres planted. The June report had soybean acres at 80 million. The WASDE report plus the Re-survey of June Acres report is set to be released at 11 am central time. Negotiated cash trade followed a similar trend compared to recent weeks with early dressed purchases in the north ranging from 183.00-185.00. Dressed purchases late in the week traded mostly at 180.00. In the Western Cornbelt early live purchases traded from 114.00-115.00, with early live purchases in Nebraska at 113.00. Trade in the Southern Plains remains slow to develop as producers continue to pass current 109.00 bids on limited packer interest. Cattle slaughter for the week was estimated at 645,000 compared to 626,000 the previous week. Actual slaughter weights for week ending July 27th showed steer carcass weights 3 pounds higher than last week at 806 pounds. Heifers were 5 pounds heavier compared to last week at 795 pounds. August CME contracts for the week were up .40 to settle at 108.05 with October contracts down 1.07 settling at 106.75. For the week, the Choice cutout closed 1.64 lower at 216.37, while Select was 3.18 lower at 193.81. Auction volume this week included 53 percent weighing over 600 lbs. and 38 percent heifers.
Northwest Weighted Average Direct Feeder Cattle
Weekly Summary WA-OR-ID-UT
Receipts: 3,360 Last Week: 4,130 Year Ago: 1,054 Compared to last week: Feeder steers lightly tested, few sold steady. No comparisons of current delivery heifers for a comparison. Demand moderate to good. Cattle futures traded mostly on the positive side this week. Slaughter cattle trade has yet to develop for the week at the time of this report. Supply consisted of 100 percent over 600 lbs. and 76 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 120 850 850 135.00 135.00 Current Del 90 915 915 136.00 136.00 Current Del 600 925 925 137.00 137.00 Sep Del Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Delivery 65 800 800 131.00 131.00 Current Del 300 860 860 131.00 131.00 Current Del 200 920 920 130.00 130.00 Current Del 900 850 850 138.00 138.00 Aug-Sep Del 1085 850 850 138.00 138.00 Sep Del