AND STOCKER CATTLE
(Federal-State Market News)
St. Joseph, Mo.
RECEIPTS: Auctions Direct Video/Internet Total This Week 130,300 45,300 1,000 176,600 Last Week 148,900 29,100 16,500 194,500 Year Ago 184,200 47,500 10,600 242,300 Compared to last week, steers and heifers sold uneven; 3.00 lower to 4.00 higher. The lower trends occurring earlier in the week while the higher trends happening later in the week. The story this week was spring storms and heavy rains that created massive flooding across a vast area. OKC West moved their Tuesday calf sale to Wednesday as many roads in the area were closed due to flooding after seven to eight inches of rain fell in the El Reno area. Kansas and Missouri were not spared either as up to 10 inches fell from Northeast Oklahoma through central Missouri where a tornado moved through the capital of Jefferson City. Soggy, waterlogged soils are prevalent throughout much of the country and is a far cry from a year ago when the drought monitor had over 25 percent of the country in a D1 moderate drought designation or worse. Swollen rivers have made transportation of goods up the Mississippi, Ohio and Missouri Rivers almost non-existent. On Thursday this week, MO-Kan Livestock (MO) in Butler held their M-Kan Classic sale with four World Livestock Auctioneer Contest winners selling 13 loads of light 7-weight steers from 160.50 to 165.00 and a weighted average of 162.98. Also, on Thursday at Clarinda (IA) Livestock Auction a load of 912 lb steers sold at 140.85. The May 1 Cattle on Feed released today reported On Feed at 102 percent; Marketings at 107 percent and Placements at 109 percent. The May 1 on feed number was reported at 11.818 million head making it the largest since the data series started in 1996. At 1.842 million head, placements were reported to be the third largest April placement number since 1996. Cold Storage Report for April was released on Wednesday with total red meat supplies in freezers up slightly from previous month and down 5 percent from last year. Total lbs of beef in freezers were at 430.3 million lbs, down 5 percent from previous month and down 9 percent from last year. Frozen pork supplies were at 621.9, up 2 percent from last month, and down 2 percent from last year. For the week, the Choice cutout closed 1.33 higher at 221.64, while Select was 0.19 higher at 208.47. Cattle Slaughter under federal inspection estimated at 641K for the week, 19K less than last week and 10K more than a year ago. Auction volume this week included 48 percent weighing over 600 lbs and 43 percent heifers.
Northwest Weighted Average Direct Feeder Cattle Weekly Summary WA-OR-ID-UT
Receipts: 525 Last Week: 1,216 Year Ago: 2,054 Compared to last week: Feeder steers and heifers lightly tested and no good comparisons. Demand good. Cattle on feed report coming out today expected to be quite bearish. Supply consisted of 100 percent over 600 lbs. and 0 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 525 925 925 129.00 129.00 Current Del