AND STOCKER CATTLE
(Federal-State Market News)
St. Joseph, Mo.
RECEIPTS: Auctions Direct Video/Internet Total This Week 000,000 27,200 39,200 66,400 This Week 156,200 35,700 46,100 238,000 Year Ago 17,000 34,300 29,000 80,300 Compared to last week, feeder steers and heifers were not well tested nationwide this week, however a firmer undertone was noted at a very limited number of auctions. This week, the Annual Beef BBQ Customer Appreciation Sale at Green City Livestock Auction in the hills of North Central Missouri realized some lofty heavy weight steer prices. Three loads of steers weighing 916 to 931 lbs sold from 138.00 to 141.10 for a weighted average of 139.80. Buyers in attendance were readily poised to aggressively pursue the outstanding quality weaned calves and yearlings. CME futures rallied higher for the week with Live Cattle gaining 2.08 to 2.65 and Feeder Cattle gaining 1.97 to 2.88. Negotiated cash fed cattle traded on Wednesday at 109.00 live in the Southern Plains this week while the Northern Plains traded at 113.00 to 113.50 and 180.00 dressed. Packers were said to be searching for fed cattle that will have a higher percentage of grading Choice or better. Steer carcass weights increased 5 pounds from the previous week but is still 4 pounds below a year ago. For the week, the Choice cutout closed 1.99 lower at 217.67, while Select was 0.76 lower at 194.80. Cattle Slaughter under federal inspection estimated at 573K for the week, 92K less than last week and 3K more than a year ago. The May Restaurant Performance Index reported late last week posted an increase from the previous month at 101.6. The Creighton University Rural Mainstreet Index climbed above growth neutral in June for a sixth time in the last seven months, according to the monthly survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and/or energy. More than one in four bank CEOs reported rising loan defaults due to farmer financial woes. Almost half of bankers reported that due to crisis level farm income, farmers in their area have responded by selling the farm, or otherwise leaving the farm. Auction receipts, state volumes, and prices are not reportable at this time, however as weekly reports are published this report will be updated.
Northwest Weighted Average Direct Feeder Cattle Weekly Summary WA-OR-ID-UT
Receipts: 190 Last Week: 419 Year Ago: 3,822 Compared to last week: No good comparison of steers or heifers for an accurate market trend. Demand for feeder cattle moderate as buyers taking a wait and see attitude. Supply consisted of 100 percent over 600 lbs. and 50 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 35 740 740 142.00 142.00 Current Del 60 875 875 126.00 126.00 Current Del Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Delivery 35 670 670 134.00 134.00 Current Del 60 850 850 118.00 118.00 Current Del