(Federal-State Market News)

St. Joseph, Mo.

Nov. 1


This Week Last Week Last Year

298,900 312,700 200,700

Compared to last week, steers and heifers sold 2.00 lower to 2.00 higher nationwide this week. Good to very good demand for yearlings while demand for calves varied greatly depending on the quality and vaccination programs. The calves that were not fully vaccinated were met with light to moderate demand, while fully vaccinated and attractive quality calves were met with good to very good demand.

Many fields and backgrounding yards remain muddy and colder weather is expected for next week, with snow evident in Central Nebraska and Iowa the morning of Nov. 1. Many farmers are trying to wrap up harvest, which has become difficult due to all the fall moisture — moisture that sure would’ve been a welcome sight 90 to 120 days ago.

Even though grain harvest has come to a screeching halt, the extra rainfall should help add demand for grazing type cattle to turn out on wheat pasture.

The CME Feeder Cattle trends started the week on the upswing to the tune of near 3.00 higher by Tuesday, however, late week softness left the contracts lower on the week. November closed the week 0.325 lower, with the January contract 1.200 lower for the week.

Support in the Live Cattle sector left the December contract near 1.00 higher on the week. October closed the month with 81 tenders for delivery. Corn continues the uptrend with front months December through May gaining nearly 30 cents this week.

Negotiated cash fed cattle sales in the Southern Plains were 2.00 higher at 126.00 and Nebraska dressed sales were 4.00 higher at 200.00. Beef prices have found some support last week and prolongs its stability this week.

Choice boxed beef closed the week 3.90 higher at 285.72, while Select was 0.26 higher at 263.37 for the same period.

Weekly Cattle Slaughter under federal inspection estimated at 668K for the week, 7K more than last week, and 28K more than a year ago. Auction volume this week included 35 percent weighing over 600 lbs and 41 percent heifers.

Northwest Weighted Average Direct Feeder Cattle

Weekly Summary WA-OR-ID-UT

Oct. 29


This Week Last Week Last Year

560 435 467

Supply included: 100% Feeder Cattle (56.3% Steers, 43.8% Heifers). Feeder cattle supply over 600 lbs was 100%. Unless otherwise noted, Feeder Cattle prices FOB based on net weights after a 0% shrink or equivalent, with a 0 cent slide >600 lbs. Livestock reported this week originated from ID.

Steers — Medium and Large 1

100 Head: 625 lbs, 160.00 Current DEL

35 Head: 700 lbs, 158.00 Current DEL

180 Head: 650 lbs, 158.00 Dec DEL

Heifers — Medium and Large 1

80 Head: 600 lbs, 150.00 Current DEL

35 Head: 650 lbs, 148.00 Current DEL

130 Head: 650 lbs, 145.00 Dec DEL

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