NATIONAL FEEDER

AND STOCKER CATTLE

(Federal-State Market News)

St. Joseph, Mo.

Nov. 8

RECEIPTS:

This Week Last Week Last Year

349,900 298,900 268,500

Compared to last week, steers and heifers sold 2.00 lower to 1.00 higher. Demand was moderate to good, with yearlings having the best demand again. This time of year is always a struggle to hold calf prices up as there are so many of them in the market place.

Those calves will continue to “compete” against one another throughout their lifetime. They compete for the best price now as a calf, then as a yearling coming off wheat or out of a backgrounding yard and again as a fed animal when they go to a processor, which for spring born calves is typically June to August timeframe.

Either elongating or shortening the “shelf-life” or marketing opportunity for a set of calves coming off the cow can mean the difference between breakeven and profit for the original owner.

Freezing temperatures in the mid-section of the country this week hopefully will help with the health on a lot of cattle; however, temps around 70 degrees could bring an onset of a few snotty noses at the feed bunks.

Yearlings were in demand at Hub City Livestock in Aberdeen, SD, on Wednesday with three loads averaging 951 lbs selling at 164.20. In addition, two loads of 885 lb steers there sold at 165.50.

A load of 707 lb steers sold on Thursday at New Cambria (MO) Livestock Market at 177.50. After eight weeks of 124.00 negotiated fed cattle trade in the South Plains, last weeks’ 126.00 trade was encouraging.

This week, 130.00 live trading was greatly needed for the cattle feeder as cost of gains were increased dramatically year on year due to corn and protein costs.

Negotiated cash fed cattle sales in the Southern Plains were 4.00 higher at 130.00 and Nebraska dressed sales were 4.00 higher at 204.00.

Beef prices continues to find support as Choice boxed beef closed the week 3.82 higher at 289.54, while Select was 4.15 higher at 267.52 for the same period. Weekly Cattle Slaughter under federal inspection estimated at 650K for the week, 18K less than last week, and 2K less than a year ago.

Auction volume this week included 36 percent weighing over 600 lbs and 40 percent heifers.

Northwest Weighted Average Direct Feeder Cattle

Weekly Summary WA-OR-ID-UT

Nov. 5

RECEIPTS

This Week Last Week Last Year

4002 560 385

Compared to last week: Not enough comparable current FOB sales of steers or heifers for a market trend. Trade was fairly active on moderate to good demand. Supply included: 100% Feeder Cattle (47.2% Steers, 52.8% Heifers). Feeder cattle supply over 600 lbs was 98%. Unless otherwise noted, Feeder Cattle prices FOB based on net weights after a 2% shrink or equivalent, with a 8.00 cent slide > 600 lbs. and 0 cent slide < 600 lbs. Livestock reported this week originated from CA, ID, OR, UT.

Steers — Medium and Large 1

85 Head: 623 lbs, 159.41 Current DEL

237 Head: 731 lbs, 157.84 Current DEL

65 Head: 775 lbs, 152.00 Current DEL

30 Head: 800 lbs, 151.00 Current DEL

120 Head: 850 lbs, 148.00 Current DEL

18 Head: 900 lbs, 146.00 Current DEL

85 Head: 810 lbs, 150.00 Nov DEL

1200 Head: 800 lbs, 153.53 Dec FOB

50 Head: 700 lbs, 157.00 Dec DEL

Heifers — Medium and Large 1

60 Head: 575 lbs, 148.00 Current DEL

261 Head: 617 lbs, 148.00 Current DEL

79 Head: 662 lbs, 152.37 Dec DEL

95 Head: 767 lbs, 141.00 Current DEL

710 Head: 850 lbs, 142.97 Current DEL

79 Head: 662 lbs, 152.37 Dec DEL

9 Head: 900 lbs, 138.00 Current DEL

768 Head: 750 lbs, 147.53 Nov-Dec FOB

80 Head: 775 lbs, 142.00 Nov DEL

50 Head: 640 lbs, 147.00 Dec DEL

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