(Federal-State Market News)

St. Joseph, Mo.

Nov. 30

RECEIPTS: Auctions Direct Video/Internet  Total
 This Week 289,500 49,400 43,800 382,700
 Last Week 97,700 20,500 0 118,200
 Last Year 257,400 28,500 20,200 306,100

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.

Northwest Weighted

Direct Feeder Cattle

Nov. 30

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   

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