NATIONAL and Local FEEDER & STOCKER CATTLE SUMMARY - WEEK ENDING 08.03.2012
RECEIPTS: Auctions Direct Video/Internet Total This Week 126,200 65,800 206,800 398,800 Last Week 119,400 70,500 96,200 286,100 Last Year 158,700 48,300 249,300 456,300
Compared to last week, yearlings traded 1.00-4.00 higher with calves in the Southeast selling 3.00-6.00 higher as other areas traded unevenly steady in a light test.
This week feeder cattle prices found long lost support as cattle buyers got back into action, but clearly much depends on the weather and how the corn market continues to react.
Live cattle prices moved significantly higher on Thursday as short bought packers were aggressive to buy cattle and feedlots were quick to react in active trade.
Live sales were 3.00-5.00 higher trading from 118.00-119.00 and dressed sales 4.00-6.00 higher ranging from 184.00-186.00.
With the continuing drought which has forced feeder cattle off pastures and back-grounding operations into feedlots over the last couple of months has brought on a steady decline in feeder prices and kept cattle markets on the defensive near term.
This first week of August was the first time since the first week of June that the National Feeder Cattle Summary has been predominately higher.
A large crowd of buyers were on hand in Valentine, NE on Thursday as a number of large strings of reputation Sandhills cattle were sold.
Buyers readily bid on yearlings as near 265 head of 700-750 lb. steers had a weighted average price of 154.30; near 400 head of steers weighing 800-850 lbs. had a weighted average price of 141.61 and near 550 head of steers weighing between 850-900 lbs. had a weighted average price of 137.02.
The pressure cooker that’s more commonly called the Midwest saw another round of high temperatures this week.
Corn prices this week saw a pull-back aiding feeder cattle prices.
Lower corn prices this week came from profit taking and slow export sales as soaring corn prices have crimped demand. Grain traders are taking a wait and see approach this week trying to find clues as to the actual size of the corn crop with USDA releasing its Supply and Demand Report next week.
This week’s weekly Crop Progress report was more of the same with really nothing good to say as deteriorating corn and soybean conditions continue.
USDA had 48% of the corn crop rated poor to very poor compared to 45% last week and 14% last year.
Soybeans were rated 37% poor to very poor compared to 35% last week and 12% last year.
The shrinking beef cow herd and calf crop are an item that is on the minds of many in the cattle industry.
At some point once this drought subsides tight supplies should push prices higher.
But beef demand will be the mover on the domestic front as well on the international stage that will be the key to cattle prices moving forward.
This week reported auctions included 57% weighing over 600 lbs. and 39% heifers.
Auction Receipts: 126,200 Last Week: 119,400 Last Year: 158,700
Buckhannon Livestock, Buckhannon, WV
Weighted Average Report for Wednesday August 01, 2012
Cattle Receipts: 43 Slaughter cows made up 47% of the offering, slaughter bulls 2%, replacement cows 5%, and feeders 47%. The feeder supply included 15% steers, 30% heifers, and 55% bulls. Near 35% of the run weighed over 600 lbs. Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 205-205 205 112.50 112.50 Medium and Large 2 1 485-485 485 85.00 85.00 Red 1 600-600 600 89.00 89.00 RWF Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 400-400 400 111.00 111.00 1 935-935 935 75.00 75.00 Small 1 - 2 1 365-365 365 72.50 72.50 Red Medium and Large 2 1 630-630 630 90.00 90.00 1 600-600 600 88.00 88.00 RWF 1 740-740 740 70.00 70.00 Feeder Bulls Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 280-280 280 128.00 128.00 Red 2 335-345 340 108.00-131.00 119.33 1 360-360 360 108.00 108.00 3 355-365 362 104.00-110.00 105.96 Red 1 410-410 410 125.00 125.00 1 470-470 470 85.00 85.00 RWF Medium and Large 2 2 775-775 775 93.00 93.00 Bred Cows Medium and Large 1 - 2 Young Head Wt Range Avg Wt Price Range Avg Price 1 1200-1200 1200 999.00-1075.00 1075.00 Per Head 7-9 Months Bred Medium and Large 1 - 2 Middle Aged 1 1050-1050 1050 880.00 880.00 Per Head 7-9 Months Bred Slaughter Cows Boner 80-85% Lean Head Wt Range Avg Wt Price Range Avg Price 9 1090-1380 1259 72.50-83.50 76.94 3 1035-1205 1140 65.00-66.50 65.53 Low Dressing 1 1560-1560 1560 77.00 77.00 Lean 85-90% Lean 1 1100-1100 1100 74.75 74.75 1 1620-1620 1620 68.50 68.50 5 1600-1885 1722 79.75-82.25 80.72 High Dressing Slaughter Bulls Yield Grade 1-2 Head Wt Range Avg Wt Price Range Avg Price 1 1360-1360 1360 86.50 86.50 Cows With Calves At Side 2 pair Medium and Large 1 1000-1090 970.00 - 1275.00
Weston Livestock, Weston, WV
Weighted Average Report for Saturday July 28, 2012
Cattle Receipts: 104 Slaughter cows made up 26% of the offering, slaughter bulls 11%, replacement cows 1%, other cows 1%, and feeders 62%. The feeder supply included 38% steers, 34% heifers, and 28% bulls. Near 50% of the run weighed over 600 lbs. Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 2 305-340 323 127.50-130.00 128.82 1 360-360 360 115.00 115.00 EXOTIC 1 440-440 440 121.00 121.00 2 485-485 485 135.00 135.00 Fleshy 4 568-568 568 128.00 128.00 8 610-649 643 121.00-123.00 122.26 1 690-690 690 120.00 120.00 Medium and Large 2 1 330-330 330 110.00 110.00 1 430-430 430 126.00 126.00 1 660-660 660 108.00 108.00 1 865-865 865 100.00 100.00 EXOTIC Holstein Medium and Large 3 1 700-700 700 75.00 75.00 Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 2 405-435 420 119.00-120.00 119.52 1 465-465 465 113.00 113.00 2 520-525 523 104.00-108.00 106.01 2 525-525 525 95.00-100.00 97.50 EXOTIC 1 630-630 630 114.00 114.00 EXOTIC 1 660-660 660 111.00 111.00 2 728-728 728 116.00 116.00 2 850-895 873 93.00-99.00 95.92 2 930-940 935 80.00 80.00 2 975-985 980 83.00-90.00 86.52 Medium and Large 2 1 305-305 305 110.00 110.00 2 377-377 377 79.00 79.00 Thin 1 505-505 505 106.00 106.00 1 565-565 565 97.00 97.00 Feeder Bulls Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 375-375 375 126.00 126.00 1 450-450 450 128.00 128.00 1 500-500 500 122.00 122.00 1 590-590 590 95.00 95.00 RWF 1 630-630 630 110.00 110.00 3 852-860 855 97.00-101.00 99.66 1 925-925 925 86.00 86.00 1 965-965 965 96.00 96.00 1 1055-1055 1055 78.00 78.00 Small 1 2 760-775 768 66.00-70.00 67.98 1 855-855 855 67.00 67.00 Medium and Large 2 2 425-445 435 115.00-124.00 119.40 2 485-495 490 105.00-114.00 109.55 Bred Cows Medium and Large 1 - 2 Middle Aged Head Wt Range Avg Wt Price Range Avg Price 1 1490-1490 1490 900.00 900.00 Per Head 1-3 Months Bred Slaughter Cows Breaker 70-80% Lean Head Wt Range Avg Wt Price Range Avg Price 1 1385-1385 1385 68.00 68.00 2 1455-1655 1555 75.00-75.50 75.23 Boner 80-85% Lean 6 1100-1345 1234 73.75-75.25 74.27 6 1100-1325 1242 75.50-77.00 76.36 High Dressing 3 1040-1280 1125 68.00-68.50 68.19 Low Dressing 2 1445-1450 1448 74.25-74.50 74.37 1 1420-1420 1420 78.50 78.50 High Dressing 1 1425-1425 1425 65.00 65.00 Low Dressing Lean 85-90% Lean 1 1030-1030 1030 65.00 65.00 1 1315-1315 1315 72.25 72.25 High Dressing 3 840-1070 972 55.50-61.00 58.82 Low Dressing Other Cows Medium and Large 1 - 2 Young Head Wt Range Avg Wt Price Range Avg Price 1 825-825 825 91.00 91.00 Slaughter Bulls Yield Grade 1-2 Head Wt Range Avg Wt Price Range Avg Price 1 1330-1330 1330 86.00 86.00 3 1180-1485 1382 80.50-84.00 81.50 Low Dressing 5 1750-2015 1877 90.00-92.50 90.92 2 1540-1730 1635 93.00-97.00 95.12 High Dressing Canner/cutter cows 10.00 Heiferettes 2hd 1000-1200lbs 80-87 Cow/calf pairs 1hd 2-8calf over 250 1400 Baby calves 1hd Beef Dairy 100-150lbs by/cwt 147.50 Feeder pigs 6hd 25-50 Feeder lambs 3hd 60lbs 130 45lbs 127.50 Goats 10hd Sel1 sel2 sel3 20-40lbs 50-55 small nannies 47.50 Big nannies 72.50-100.00 50-67.50 big billies 145
Jackson County Regional Livestock, Ripley, WV
Weighted Average Report for Saturday July 28, 2012
Cattle Receipts: 140 Slaughter cows made up 10% of the offering, slaughter bulls 5%, replacement cows 4%, and feeders 81%. The feeder supply included 31% steers, 43% heifers, and 26% bulls. Near 20% of the run weighed over 600 lbs. Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 345-345 345 167.00 167.00 6 379-390 381 150.00-162.00 159.95 5 405-420 417 135.00-140.00 139.03 2 467-467 467 140.00 140.00 13 500-524 520 135.00-137.00 136.55 1 570-570 570 124.00 124.00 2 610-625 618 120.00-131.00 125.43 1 915-915 915 100.00 100.00 Medium and Large 2 4 575-575 575 84.00 84.00 Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 2 297-297 297 126.00 126.00 2 320-335 328 115.00 115.00 11 350-382 368 115.00-120.00 118.43 4 410-435 420 119.00-125.00 121.04 1 425-425 425 104.00 104.00 Fleshy 4 480-480 480 123.00 123.00 1 490-490 490 115.00 115.00 RED 5 515-540 531 120.00-122.00 121.01 5 605-625 612 100.00-114.00 108.03 8 660-695 676 85.00-114.00 109.17 Medium and Large 2 2 597-597 597 87.00 87.00 Medium and Large 3 3 375-375 375 90.00 90.00 1 515-515 515 86.00 86.00 Feeder Bulls Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 190-190 190 125.00 125.00 3 377-385 380 145.00-157.00 149.06 6 405-430 415 130.00-143.00 139.55 2 450-450 450 131.00 131.00 3 512-535 520 104.00-132.00 122.39 2 550-570 560 120.00-125.00 122.46 2 550-550 550 100.00 100.00 Smoke 2 600-625 613 92.00-110.00 100.82 1 650-650 650 117.00 117.00 1 830-830 830 95.00 95.00 2 882-882 882 92.00 92.00 Medium and Large 2 1 275-275 275 100.00 100.00 3 590-590 590 82.00 82.00 1 650-650 650 105.00 105.00 Bred Cows Medium and Large 1 - 2 Young Head Wt Range Avg Wt Price Range Avg Price 2 775-865 820 550.00-560.00 554.73 Per Head 1-3 Months Bred Medium and Large 1 - 2 Middle Aged 1 1235-1235 1235 900.00 900.00 Per Head 1-3 Months Bred 1 860-860 860 650.00 650.00 Per Head 4-6 Months Bred Medium and Large 1 - 2 Aged 1 1385-1385 1385 900.00 900.00 Per Head 4-6 Months Bred Slaughter Cows Breaker 70-80% Lean Head Wt Range Avg Wt Price Range Avg Price 2 1150-1250 1200 75.00-76.00 75.48 High Dressing 1 1550-1550 1550 71.00 71.00 1 1665-1665 1665 72.50 72.50 High Dressing Boner 80-85% Lean 2 905-1235 1070 68.00 68.00 5 1030-1335 1153 70.00-77.50 73.63 High Dressing 2 1070-1135 1103 55.00-59.00 56.94 Low Dressing 1 1565-1565 1565 77.00 77.00 High Dressing Slaughter Bulls Yield Grade 1-2 Head Wt Range Avg Wt Price Range Avg Price 1 1410-1410 1410 82.00 82.00 3 1570-2060 1825 85.00-87.00 86.14 3 1580-1930 1740 92.00-95.00 93.59 High Dressing Cow Calf Pairs Head 8 2-5 yrs new born calf 1000.00-1200.00 2-5 yrs 200lbs & up calf 1200.00-1310.00 5-10yrs 200lbs & up calf 1300.00-1435.00 No stock bulls Baby Calves Head 8 New born dairy 30.00-120.00 New born beef 80.00-120.00 Market Hogs (Jackson Co Fair Hogs) Head 38 200-300lbs 75.00-111.00 Lambs (Jackson Co Fair Lambs) Head 58 100lbs & up 112.00-121.00
Congratulations to Hunter Ashley for getting a 2nd place in the Discus throw. He may be a Freshman, but he can definately out throw a lot of sophmores, Juniors and seniors. Way to go Hunter. Practice always pays off. Proud of you.