(Federal-State Market News)

St. Joseph, Mo.

April 19

RECEIPTS:      Auctions      Direct    Video/Internet       Total
This Week      199,400       86,400            45,400       331,200
Last Week      190,200       53,800            72,800       316,800
Year Ago       182,800       62,500               700       246,000

   Compared to last week, steers and heifers sold 2.00 to 7.00 higher; some with 
auctions in the Nebraska and the Southeast reporting steers 10.00 to 14.00 
higher.  The most gain on steers would be the “grass crazy” demand right now as some 
producers held off purchasing steers under 650 lbs that are suitable for grass until 
warmer weather is imminent.  Demand at most auctions nationwide this week was 
described from good to very good as out of state buyers showed up where they hadn’t 
been seen for a while.  Feedlot pens in the Northern Plains have dried considerably 
the last week and farmer/feeders came to town to procure cattle before they become 
swamped with planting spring crops. When farmers start the planter in the field, 
cattle procurement won’t even cross their mind until the planters are back in the 
shed.  Large strings on hand at auctions nationwide this week and feeder cattle 
marketing in Nebraska was delayed 2 to 4 weeks due to the two bomb cyclones that 
moved across the state since the middle of March.  On Thursday at Ogallala (NE) 
Livestock Auction Market, two loads of 611 lb steers that were reportedly going to 
graze sold at 205.00.  Several packages of 5-weight cattle there also sold over the 
200.00 level.  The CME Cattle complex found solid footing this week with the front 
six months of Live Cattle futures being 1.08 to 2.27 higher on the week.  Feeder 
Cattle futures was minimally higher on the April contract for the week, while the 
next five months were 1.02 to 2.65 higher.  Packers have now turned to buying for the 
Mother’s Day and Memorial Day holidays and negotiated feedlot trade again started in 
the Southern Plains on Wednesday as packers came out and bid 126.00, with feedlots 
quickly taking their bids which were 2.00 higher than last week.  Nebraska traded 
cattle Thursday afternoon at 130.00, 2.00 to 4.00 higher than last week with dressed 
purchases 2.00 to 3.00 higher at 207.00 to 208.00.  With the box-beef cut-out 
increasing in value each day, packers have increased the need for cattle this 
week.  Fed cattle slaughter weights continue to trend below year ago levels as the 
hard winter in the North took a toll on weight gains.  Steers weights for week ending 
April 6 are 7 lbs below last year and heifer weights are 5 lbs below.  The April 1 
Cattle on Feed released Thursday this week reported On Feed at 102 percent; 
Marketings at 97 percent and Placements at 105 percent.  At 2.014 million head, March 
placements were reported to be the 4th largest in recent history.  One thing that 
analysts will be looking at in future months would be the amount of wheat pasture 
cattle that will be moving in May.  Cattle Slaughter under federal inspection 
estimated at 638K for the week, the same as last week and 11K more than a year 
ago.  Auction volume this week included 51 percent weighing over 600 lbs and 45 
percent heifers.
Northwest Weighted Average Direct Feeder Cattle 
Weekly Summary WA-OR-ID-UT
April 19
Northwest Weighted Average Direct Feeder Cattle 
Weekly Summary WA-OR-ID-UT

Receipts: 385     Last Week:  286    Year Ago:  1,532

   Compared to last week:  Feeder steers too lightly tested.  Feeder heifers mostly 
1.00 higher on limited sales. Demand moderate. Supply consisted of 100 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 

              Feeder Steers Medium and Large 1
 Head   Wt Range   Avg Wt    Price Range   Avg Price  Delivery
   90      850       850       136.00         136.00   Current Del   
  130      900       900       136.00         136.00   Current Del   

                Feeder Heifers Medium and Large 1
 Head   Wt Range   Avg Wt    Price Range   Avg Price  Delivery
   75      825       825       136.00         136.00   Current Del   
   90      850       850       129.00         129.00   Current Del

Recommended for you