AND STOCKER CATTLE
(Federal-State Market News)
St. Joseph, Mo.
This Week: 249,100
Last Week: 307,500
Year Ago: 254,400
Compared to last week, steers and heifers sold mostly steady to 2.00 higher. Some offerings in the Northern Plains were 2.00 to 5.00 lower after last week’s sharp uptick, while some steers in the Southern Plains were 6.00 to 7.00 higher at special sales.
Pastures have not been damaged by the scorching summer heat in the Plains states like last year. Ranchers are feeling blessed to be in this position at this point in time.
Several auctions across the country are readying themselves for a big run of feeders that normally start coming to town this time of year and buyers are ramping up for the influx. Order buyers have their marching orders to buy feeders this week either at sale barns or in the country with several making trips to the Flint Hills and Osage grass country. Cattle in those areas have gained well this grazing season and several strings of cattle have sold this week, with more in the coming weeks.
Bigger feeders were in demand on Thursday at Winter Livestock in Pratt, Kan., a load of steers weighing 898 sold at 151.10 while their 903 lb brothers sold at 149.50.
On Wednesday at Sheridan Livestock Auction Company in Rushville, Neb., two loads of 1023 lb steers sold at 141.00, while a couple part loads of 917 to 922 lb heifers sold at a weighted average of 135.26.
CME cattle futures at mid-week had a tough day on Wednesday with sharp losses as traders enter the month of August. Follow-through trading was also very weak on Friday as Feeder Cattle Futures closed over 3.00 lower on the September through November contracts.
Light trade on Wednesday in the Southern Plains at 111.00 mostly 1.00 lower than last week, while the bulk of dressed sales in Nebraska were mostly 2.00 higher at 185.00. Thursday live cattle futures recovered some losses with solid gains.
Boxed-beef values have strengthened in price this week mostly due to strength in the rib and very good beef demand.
For the week, the Choice cutout closed 2.56 higher at 214.73, while Select was 2.29 higher at 190.63. Cattle Slaughter under federal inspection estimated at 626K for the week, 28K less than last week and 2K more than a year ago.
Auction volume this week included 55% weighing over 600 lbs and 40% heifers.
Northwest Weighted Average Direct Feeder Cattle
Weekly Summary WA-OR-ID-UT
Receipts: 4,130 Last Week: 1,901 Year Ago: 347
Compared to last week: Feeder steers 2.00 higher, feeder heifers not tested on current delivery. Demand good. Supply consisted of 100% over 600 lbs. and 77% 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
550 Head: Wt 935 lbs; 138.00 Current Del
200 Head: Wt 925 lbs; 136.50 Aug-Sep Del
190 Head: Wt 800 lbs; 140.00 Sep Del
Feeder Heifers Medium and Large 1
1600 Head: Wt 910 lbs; 131.60 Sep FOB
533 Head: Wt 750 lbs; 144.00 Sep Del
420 Head: Wt 800 lbs; 132.00 Sep Del
177 Head: Wt 850 lbs; 135.17 Sep Del
Feeder Heifers Medium and Large 1-2
460 Head: Wt 875 lbs; 126.45 Current Del