AND STOCKER CATTLE
(Federal-State Market News)
St. Joseph, Mo.
RECEIPTS: Auctions Direct Video/Internet Total This Week 134,200 21,300 22,700 178,200 Last Week 207,900 51,600 38,000 297,500 Year Ago 216,400 54,700 6,000 277,100 Compared to last week, steers and heifers sold steady to 5.00 lower, with some locations instances up to as much as 10.00 lower. The CME Cattle complex has struggled in recent weeks to gain any ground on the market, however contracts closed higher on Tuesday and Friday this week. Since Good Friday, the freefall continued until this week with the front six Feeder Cattle contracts gaining 0.45 to 1.27 and the front six Live Cattle contracts were 0.97 lower to 0.17 higher this week. Feedyards are trying to find that magic spreadsheet that will tell them what weight of cattle to buy and at what price so that pen can make a profit when harvested. Feedyards were willing sellers early this week with Southern Plains sellers trading on Tuesday at 120.00, 2.00 to 3.00 lower than the week before. Northern Plains feedyards sold on Wednesday at 189.00 to 196.00 dressed, 5.00 to 6.00 lower than last week. Rain and waterlogged fields have been the main talk across the breadbasket of the country as cattle receipts were hampered from Kansas to the Dakotas to Illinois and Indiana. Receipts on this report were adversely affected by the wet weather as auction receipts were around 70K less than a week ago. Cool weather coupled with the wet soil conditions has hindered corn planting at this juncture in the year. Not one single listed state is above the five-year average and some are not even close. Illinois is only 10 percent completed; 56 percent behind the five-year average. The 18 states that account for 92 pct of the corn acreage in the country is only 23 percent completed; double that figure and that is where the five-year average is. Country elevators in some states are now reporting a 6 figure in the front of their soybean price. For the week, the Choice cutout closed 6.25 lower at 221.11, while Select was 5.83 lower at 207.46. Cattle Slaughter under federal inspection estimated at 664K for the week, 6K less than last week and 9K more than a year ago. Percent Steers over 600 lbs and percent heifers will be tabulated on Monday this week and will be added on a correction at that time. Auctions Receipts: 134,200 Last Week 207,900 Last Year 216,400
Northwest Weighted Average Direct Feeder Cattle Weekly Summary WA-OR-ID-UT
Receipts: 317 Last Week: 125 Year Ago: 949 Compared to last week: Feeder steers and heifers too lightly tested for an accurate trend. Demand moderate. Supply consisted of 100 percent over 600 lbs. and 67 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 105 800 800 136.00-136.50 136.45 Current Del Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Delivery 212 800 800 124.50-128.00 125.66 Current Del