AND STOCKER CATTLE
(Federal-State Market News)
St. Joseph, Mo.
Compared to two weeks ago, steers and heifers sold steady to 3.00 higher.
Receipts were much larger this week than last due to most livestock auctionsobserving the Thanksgiving Day holiday. Buyers have become more meticulous whenpurchasing calves having a health program and ample time of being weaned this time ofyear.
In times past, a 30 to 45 day weaning period was sufficient, however buyers are now almost demanding a calf that is 60 days weaned with at least two rounds of recent vaccinations. Also, this time of year fleshy calves coming off the cows are seeing a steep price discount and several 550 plus pound calves weaned on the trailer have made their way to town this week.
Blizzard conditions on Sunday and Monday from basically I-70 to I-80 did harden up some of the fleshy calves as cold temperatures moved in directly after the snow dumped across the Plains. Mud will become an issue rather quickly due to the soil underneath not being frozen.
Most of the forthcoming problems will be when the snow melts and muddy lots will be prevalent. Feeder cattle futures have tried to find a positive footing in recent weeks and there have been large swings from one week to the next.
This week, Feeder Cattle futures were 2.15 to 4.15 lower even though livestock auctions were steady to higher. Last week’s friendly Cattle on Feed Report failed to give support as well as last week’s higher feed cattle market.
This week on Monday, Tri-State Livestock Auction in McCook, Nebraska sold 3 loads of heifers that went to feed weighing 785 lbs sold at 157.00.
After last week's higher fed cattle trade in the Southern Plains at 116.00 to 117.00, this week's trading has been slow to materialize in that area. Early sales this week in Nebraska have been 1.00 to 2.00 lower with the bulk of sales at 183.00 to 184.00.
Another winter storm is forecasted to move through the Northern Plains this weekend and some feeders are content at this time to have cattle sold before the brunt of the storm rolls through. Auction volume this week included 39 percent weighing over 600 lbs and 40 percent heifers.
Direct Feeder Cattle
Receipts: 1,061 Last Week: 759 Year Ago: 630 Compared to last week: Feeder cattle and calves lightly tested last week but a higher undertone is noted. Demand good. Supply included 67 percent over 600 lbs and 43 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 50 625 625 150.00 150.00 Current Del Split Loads 80 653 653 149.76 149.76 Current Del 60 700 700 153.00 153.00 Current Del 230 750-775 767 151.00-152.00 151.30 Current Del 120 925 925 138.00 138.00 Current Del 70 820 820 146.00 146.00 Dec Del Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Delivery 300 600 600 151.42 151.42 Current FOB Calves 16 633 633 141.36 141.36 Current Del 50 600 600 142.00 142.00 Current Del Split Loads 85 650-675 662 142.00-143.00 142.52 Current Del