(Federal-State Market News)

St. Joseph, Mo.

April 12

RECEIPTS:      Auctions      Direct    Video/Internet       Total
This Week      190,400       53,800            72,800       317,000
This Week      233,200       92,000             2,000       327,200
Year Ago       205,400       53,300            18,600       277,300

   Compared to last week, steers and heifers sold uneven; 2.00 lower to 2.00 
higher.  New crop fall calves have been noticed at auctions this week with many 
unweaned comments used.  Feeder calves and stocker calves under 800 lbs, especially 
those carrying a minimal amount of flesh showed the way with the best demand.  Buyers 
continue to shy away from cattle carrying too much flesh condition for their 
weight.  Another “bomb cyclone” made its way from Colorado up through Nebraska, South 
Dakota and Minnesota.  Many late week auctions in Nebraska cancelled or rescheduled 
sales as they are living through the second one of them in a month.  Areas received 
less snow than expected, however high winds created white out conditions and 
deposited snow where ranchers really didn’t need it.  After the second winter in a 
row that just doesn’t seem to end, farmers and ranchers in the Midwest and Plains are 
ready for warmer weather so they can get some much-needed field work done.  Forage 
supplies are bound to be depleted in many areas after the amount of forage that has 
been fed in the last two winters.  Grass is slow to come even though temperatures 
were higher the first of this week, however freeze and frost warnings in the Plains 
this week brings us back to reality.  Less open cows will be retained after this 
winter’s calving season and cow prices have been higher at auctions this week after 
trending lower for a couple weeks.  It appears that many distressed cows from the 
first “bomb cyclone” have made their way to market.   There is bound to be more 
weight loss of nearly finished cattle throughout the Northern Plains and just how 
much lost will be evident in the coming months as calf-feds get closer to 
harvest.  Currently, cattle are not meeting their projected out-weights and cost of 
gains are higher than anticipated just a few short months ago.  Boxed-beef prices 
have shown some interest from retailers to turn the cut-out higher this week.  For 
the week, the Choice cutout closed 1.91 higher at 228.84, while Select was 0.74 
higher at 221.02.  Cattle Slaughter under federal inspection estimated at 634K for 
the week, 13K more than last week and 23K more than a year ago.

Auctions Receipts:  190,400    Last Week 233,200    Last Year 205,400
Northwest Weighted Average Direct Feeder Cattle 
Weekly Summary WA-OR-ID-UT
April 12
Receipts: 286     Last Week:  7,526    Year Ago:  1,352

   Compared to last week:  Feeder steers 2.00 lower on limited sales.  Too lightly 
tested for feeder heifers. Demand moderate. Supply consisted of 100 percent over 600 
lbs. and 36 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
   47      825       825       140.00         140.00   Current Del   
  100      850       850       137.00         137.00   Apr-May Del   
   35      850       850       138.00         138.00   Apr-May Del  Split Loads

                Feeder Heifers Medium and Large 1
 Head   Wt Range   Avg Wt    Price Range   Avg Price  Delivery
   69      870       870       128.00         128.00   Current Del   
   35      800       800       134.00         134.00   Apr-May Del  Split Loads

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