(Federal-State Market News)

St. Joseph, Mo.

March 15

RECEIPTS:       Auctions     Direct    Video/Internet     Total
This Week       206,300      48,000             2,800     257,100  
Last Week       204,000      63,400            36,900     304,300  
Last Year       265,100      44,600             1,600     311,300

   Compared to last week, steers and heifers sold 1.00 to 5.00 lower in the North and 
South-Central regions, while the Southeast was quoted mostly steady.  Grazing cattle 
out of the Southeast were the greatest in demand this week.  Feedyards were tepid in 
taking on more cattle this week.  More precipitation and/or blizzard-like conditions 
late this week bombarded a widespread area of the Plains.  High winds from the Texas 
Panhandle to Western Nebraska brought treacherous conditions for truckers as some 
bull boxes decided to err on the side of caution and wait out the storm.  This week's 
receipts were curtailed again  this week due to either reduced or cancelled sales in 
Nebraska and the Dakotas as an intense storm ripped through Rockies and into the 
Central and Northern Plains.  Low-lying areas that feed the MO River are inundated 
with moisture and the frozen ground underneath can't absorb any more precipitation.  
The Missouri River at Plattsmouth, NE hit a record high of 37.15 feet Thursday night, 
exceeding the previous record high set in 2011 of 36.73 feet.   A "bomb cyclone" 
occurred when the barometric pressure fell at least 24 millibars in a 24-hour 
period.  All this happening as the winter of 2018-2019 just continues to drag 
on.  For those cow-calf producers that starting calving four to six weeks ago, this 
winter has been extremely taxing emotionally and physically.  Physical demands of 
this winter left some ranchers working 24/7, only to hope and catch a nap here and 
there if they can get away to a warm cozy place.  Cow-calf producers in Nebraska, 
Kansas, South Dakota and Missouri are poised to wean a calf crop that will fall way 
short of perfect this fall.  Anecdotes of cattleman losing 10-25 percent of their 
calf crop is commonplace this year, even for some of the cattlemen that normally have 
a 95+ percent at the end of calving season.  With the abundance of moisture this 
winter, one would expect an excellent hay crop year; that is very much needed after 
the last two winters.  In the middle of the country, grass typically starts turning 
green the middle March, however with the excessive cold and snow just leaving now, it 
may take a little longer than normal to turn cows out to graze.  On Monday at 
Callaway Livestock Center in Kingdom City, MO short half load of yearling steers 
weighing 708 lbs sold at 165.50 and at the St Joseph Stockyards (MO), a half load of 
yearling steers weighing 754 lbs sold at 157.25.  For the week, the Choice cutout 
closed 0.86 higher at 226.99, while Select was 1.44 lower at 217.34.  Cattle 
Slaughter under federal inspection estimated at 593K for the week, 10K less than last 
week and 8K less than a year ago.  Auction volume this week included 55 percent 
weighing over 600 lbs and 43 percent heifers.

Auctions Receipts:  206,300    Last Week 204,000    Last Year 225,100
Northwest Weighted Average Direct Feeder Cattle
Weekly Summary WA-OR-ID-UT
March 15
Receipts: 1950      Last Week:  517    Year Ago:  0

   Compared to last week:  Feeder steers and heifers too lightly tested last week for 
a accurate trend. Feedlots supply included 0 percent over 600 lbs and 0 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      750       750       148.00         148.00   Current Del  Split Loads
  396    850-875     870    136.00-142.00     137.12   Current Del  Split Loads
  160      875       875       137.00         137.00   Mar-Apr Del  Split Loads

                Feeder Heifers Medium and Large 1
 Head   Wt Range   Avg Wt    Price Range   Avg Price  Delivery
  120    700-725     710       142.00         142.00   Current Del  Split Loads
  100      825       825       129.00         129.00   Current Del   
  300      825       825       131.00         131.00   Current Del  Split Loads
  574    850-880     876    130.00-133.00     132.62   Current Del   
  230      825       825       130.00         130.00   Mar-Apr Del  Split Loads

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