AND STOCKER CATTLE
(Federal-State Market News)
St. Joseph, Mo.
RECEIPTS: Auctions Direct Video/Internet Total This Week 219,100 60,400 2,700 282,200 Last Week 208,200 57,700 48,600 314,500 Last Year 227,800 44,200 300 272,300 Compared to last week, steers and heifers were uneven; 2.00 lower to 1.00 higher in the North and South Central regions while the Southeast 3.00 to 7.00 higher. Grazing calves in the Southeast were in demand again this week as ranchers are wanting to get cattle procured so they can be ready to turn out when the first sprig of green grass appears. Fields in Nebraska some of Kansas and Missouri are covered with snow and more is expected this weekend as another winter storm makes its' way from the West Coast to East Coast. Many areas will be under warnings, watches and advisories. Futures late week not conducive to continuing the gains from Monday through Wednesday this week. Through Wednesday, the FC contracts were basically plus 1.00 to 2.00 on the week. However, after Thursday's and Friday's sessions, the front 3 months of Feeder Cattle closed 0.25 to 1.68 lower on the week. Weekly incremental gains on the summer/fall contracts were limited. Negotiated fed cattle trading in NE this week started at 205.00 dressed around mid-day on Friday. Live markets settled on 128.00 this week after minimal live trade last week. Packers will continue to put pressure to limit upside movement in prices after last week's very limited 126.00 trading in the South, even though boxed beef cut out values have been showing strong support to the cattle feeder. Closeouts in feedyards are not what cattle feeders were desiring this time of year, however Mother Nature just keeps on hanging on to winter and cost of gains are now in the triple digits. Until the feedyard pens freeze up or dry up, cattle expend too much energy just getting to and from the bunks to meet their projected weights. For the week, the Choice cutout closed 1.90 higher at 221.29, while Select was 4.44 higher at 216.79. The January 1 Cattle Inventory Report was released Thursday afternoon with some highlights including all cattle and calves totaled 94.4 million head, slightly above the 97.7 million head from previous year. All cows and heifers that have calves totaled 41.1 million head, up 1 percent from previous year’s total of 40.6 million head. Cattle and calves on feed for slaughter in the U.S. for all feedlots totaled 14.4 million head up 1.6 percent from previous year’s total. The 2018 calf crop was up 2 percent from previous year at 36.4 million head. Cattle Slaughter under federal inspection estimated at 603K for the week, 26K more than last week and 8K less than a year ago. Auction volume this week included 60 percent weighing over 600 lbs and 44 percent heifers. Auctions Receipts: 219,100 Last Week 208,200 Last Year 227,800
Northwest Weighted Average Direct Feeder Cattle
Weekly Summary WA-OR-ID-UT March 1
Receipts: 2,180 Last Week: 1,938 Year Ago: 700 Compared to last week: Feeder steers mostly 3.00 higher on a limited test. Feeder heifers not established. Feedlots supply included 100 percent over 600 lbs and 45 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 70 675 675 150.00 150.00 Current Del Split Loads 75 775 775 145.00 145.00 Current Del 405 800-825 816 140.50-143.00 142.12 Current Del 180 825 825 139.00 139.00 Current Del Split Loads 330 850-860 855 137.50-139.50 138.74 Current Del 130 825 825 140.00 140.00 Mar-Apr Del Split Loads Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Delivery 500 835 835 130.35 130.35 Current FOB 70 650 650 145.00 145.00 Current Del Split Loads 75 750 750 136.00 136.00 Current Del 150 825 825 132.00 132.00 Current Del 65 800 800 132.00 132.00 Current Del Split Loads 130 775 775 135.00 135.00 Mar-Apr Del Split Loads