(Federal-State Market News)

St. Joseph, Mo.

Jan. 4

This week 2 wks ago Last year 79,300 183,800 116,000

Compared to two weeks ago, steers under 700 pounds were mostly 1.00-4.00 higher, instances up to 9.00 higher in Nebraska; steers over 700 pounds moved at price points that were steady to 4.00 lower.

The Southeastern region saw sharply higher prices on all classes, due to good demand and very light receipts.

Muddy pen conditions as temperatures increased in the North and rain and snow in the South have caused concerns, especially on the placements of heavier weight cattle.

This week’s receipts across the country were hindered for several reasons. Not all markets were operational this week, due to the holiday interruptions early week; heavy rains throughout the Southeast and winter storms on much of the North Central and South Center regions.The majority of the fed cattle trade this week took place on Thursday, with the bulk of live sales in the Southern Plains and Nebraska trading steady at 123.00.

Late Friday morning, light dressed trade evolved in Nebraska at prices were steady compared to last week at 195.00. Poor feedlot conditions have continued to plague most feeding regions, lowering cattle performance.

Boxed beef cutout values were firm to higher on Choice and higher on Select. The volume reported this week was slightly more than last week.

On the Choice side, rib cuts were steady to weak while all other cuts firm to higher. Ground beef prices were slightly higher this week on lighter volume. Forward negotiated sales remain light but mostly steady when compared to last week. Beef trimmings were higher on moderate to good demand and light to moderate offerings.

Auction volume this week included 68 percent weighing over 600 lbs and 38 percent heifers.

Northwest Weighted Average

Direct Feeder Cattle

Jan. 4

This week Last week Year ago 0 634 366

Compared to last week: Feeder steers and heifers not established this week. Supply included 0 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: Not established

Feeder Heifers Medium and Large 1: Not established

Recommended for you