AND STOCKER CATTLE
(Federal-State Market News)
St. Joseph, Mo.
RECEIPTS: Auctions Direct Video/Internet Total This Week 186,800 35,500 32,100 254,400 Last Week 267,700 63,600 3,800 334,800 Last Year 283,400 83,800 20,200 387,400 Compared to last week, steers and heifers were uneven; with early week sales quoted steady to 5.00 lower and mid to late week sales reportedly steady to 5.00 higher. Those early week sales all had a downward trend that was spillover from the previous week followed by lower futures on Tuesday. Buyer interest had waned early week due to the winter weather that came in over the weekend. Between mud, snow, ice, or a mixture of all the above transporting cattle has proven to be difficult and sales either cancelled or continued on with lighter receipts. Some feedyards are content to wait for pens to harden and dry up a bit before receiving more cattle. Producers and feedyards are finding it difficult to feed enough mega calories maintenance in the harsh conditions, let alone trying to increase weight. A Feeder Cattle futures rally on Wednesday was a welcome sight for auctions as buyer interest picked up and prices advanced as well. The calf market finally improved in Oklahoma as heavy moisture this month (OK seems to be 300% of normal for January) will provide for some nice pasture after warm up. Spring stocker orders there are starting now and will continue through mid-April. Larger runs are expected next week provided that harsh winter temperatures don't make it again difficult for transporting stock. The CME Feeder Cattle Index is nearly 3.00 lower than when the New Year arrived and the January Feeder contract has been around 1.50 lower in the past 3 calendar weeks. Wednesday and Thursday saw changes in green font in the CME Feeder Futures; a welcome sight after Tuesday's losses and the week closed 1.92 higher on the January and the March to September contracts close 0.02 to 0.80 higher on the week. Fed cattle trading seems to be confined to mostly Friday again the week with live sales trading 1.00 lower at 123.00 while dressed sales are steady at 197.00. For the week, the Choice cutout closed 3.86 higher at 217.01, while Select was 2.58 higher at 212.03. Cattle Slaughter under federal inspection estimated at 610K for the week, 10K lower than last week and 16K above a year ago. Auction volume this week included 53 percent weighing over 600 lbs and 41 percent heifers. Auctions Receipts: 186,800 Last Week 267,700 Last Year 283,400 (53 pct over 600 lbs, 41 pct heifers)
Northwest Weighted Average Direct Feeder Cattle Weekly Summary WA-OR-ID-UT Jan. 25 Receipts: 1,927 Last Week: 4,952 Year Ago: 4,773 Compared to last week: On current delivery basis, Feeder steers and heifers 2.00- 5.00 lower. Feeder cattle demand in a lull with winter weather slowing things down and adding to large inventories. Feedlots Supply included 98 percent over 600 lbs and 51 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 45 640 640 157.00 157.00 Current Del Split Loads 45 680 680 154.00 154.00 Current Del Split Loads 160 700 700 148.00 148.00 Current Del 70 775 775 143.00 143.00 Current Del 190 750-775 769 143.50-147.50 145.79 Current Del Split Loads 191 860 860 139.00 139.00 Current Del 250 750 750 148.00-150.00 148.80 Feb Del Split Loads Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Delivery 104 630 630 146.60 146.60 Current Del 45 600 600 145.00 145.00 Current Del Split Loads 140 675 675 140.00 140.00 Current Del 40 660 660 142.00 142.00 Current Del Split Loads 92 710 710 141.35 141.35 Current Del 160 740-745 743 135.00-138.00 136.69 Current Del Split Loads 30 750 750 135.00 135.00 Current Del Split Loads 65 800 800 135.00 135.00 Current Del 100 700 700 142.00 142.00 Feb Del Split Loads 200 750 750 138.00 138.00 Feb Del Split Loads