NATIONAL and Local FEEDER & STOCKER CATTLE SUMMARY - WEEK ENDING 08.17.2012
RECEIPTS: Auctions Direct Video/Internet Total This Week 159,700 63,400 147,800 370,900 Last Week 141,800 72,200 51,500 265,500 Last Year 200,100 33,600 6,300 240,000
Compared to last week, yearling feeder cattle sold firm to 5.00 higher while early arrivals of new crop calves traded fully 3.00-6.00 higher with many instances reported as much as 10.00 higher.
Both calf and yearling markets noted the full advance on steers, while heifer sales mostly represented the lower ends of the advances.
2012 will go down in history as the year that Mother Nature ran a month to six weeks ahead of schedule, from an early spring to early dog day heat to an early harvest and fall-like weather.
Despite very little (if any) relief from the extreme drought that has overtaken the bulk of our nation, including all of the major cattle feeding regions, buyers flexed their muscle in pursuing all classes of feeder cattle in the face of historically high feed prices.
Calves sold most impressively at the Loup City, NE Commission Co. on Tuesday with the available top quality 3 weight steers averaging 368 lbs. at 204.92, and 120 head averaging 450 lbs. at 185.01.
After two straight years of exceptional drought, encompassing most of the major cattle producing states and the subsequent herd sell-off, backgrounders are banking that cattle of any class will be good property to own in the next calendar year.
CME feeder cattle contracts are currently priced progressively higher through May of 2013.
The challenge lies in keeping these cattle fed through the fall and early winter when many market members expect certain weights of feeder prices to eclipse all-time record levels reached in May of 2012.
Most cattle growers would be content to just maintain the health and weight of current calf purchases without trying to post impressive gains with expensive feed costs.
However, feed cost fears may be eased by the virtual mountain of silage that is being put-up throughout the United States.
This year’s failed corn crop may drastically reduce the availability of distillers dried grains (DDGs) but once silage pits and piles are given adequate time to cook-out the dangerously high nitrate levels, backgrounders and feeders will have a plentiful source to feed from.
There are many uses for a kernel of corn but silage is only good for feeding cattle. This feed source is most efficiently used for cows and/or hard yearlings while digestion is more of a challenge for lighter calf weights, however other proteins cannot take advantage of this surplus as chickens and hogs need whole grains which could help beef compete on next year’s grocery budget.
The fed cattle market gained ground again this week with live sales mostly 1.00 higher from 120.00-122.00, mostly 121.00. Friday’s cattle-on-feed report was mostly as expected with August 1st on-feed inventories 100.7% of last year, placements a little less than thought at 90% and marketings also less than expected at 99.7% of a year ago.
This week’s reported auction volume included 54% over 600 lbs. and 41% heifers.
Auction Receipts: 159,700 Last Week: 141,800 Last Year: 200,100
Buckhannon Livestock, Buckhannon, WV
Weighted Average Report for Wednesday August 15, 2012
Cattle Receipts: 47 Slaughter cows made up 45% of the offering, slaughter bulls 9%, replacement cows 11%, and feeders 36%. The feeder supply included 82% heifers, and 18% bulls. Near 53% of the run weighed over 600 lbs. Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 2 435-435 435 124.00 124.00 1 515-515 515 113.00 113.00 Medium and Large 2 3 470-492 485 105.00-114.00 111.09 5 675-688 680 105.00-117.00 112.15 2 875-875 875 116.00 116.00 Feeder Bulls Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 575-575 575 120.00 120.00 1 780-780 780 95.00 95.00 Medium and Large 2 1 740-740 740 100.00 100.00 Dairy Bulls Head Wt Range Avg Wt Medium and Large 2 and 3 1 350-350 350 86.00 86.00 1 520-520 520 69.00 69.00 Bred Cows Medium and Large 1 - 2 Young Head Wt Range Avg Wt Price Range Avg Price 2 1100-1100 1100 999.00-1155.00 1155.00 Per Head 1-3 Months Bred Medium and Large 1 - 2 Middle Aged 1 1100-1100 1100 700.00 700.00 Per Head 1-3 Months Bred 1 1105-1105 1105 999.00-1050.00 1050.00 Per Head 4-6 Months Bred 1 1060-1060 1060 999.00-1000.00 1000.00 Per Head 7-9 Months Bred Slaughter Cows Breaker 70-80% Lean Head Wt Range Avg Wt Price Range Avg Price 1 1100-1100 1100 79.75 79.75 High Dressing 2 1585-1620 1603 70.50-72.75 71.64 1 1530-1530 1530 84.50 84.50 High Dressing Boner 80-85% Lean 6 1075-1355 1218 72.00-79.50 75.83 5 1115-1325 1210 80.25-85.00 82.49 High Dressing 2 975-1090 1033 68.50-69.00 68.74 Low Dressing 1 1735-1735 1735 76.00 76.00 2 1550-1740 1645 78.50-79.00 78.76 High Dressing Lean 85-90% Lean 1 1355-1355 1355 67.50 67.50 Slaughter Bulls Yield Grade 1-2 Head Wt Range Avg Wt Price Range Avg Price 1 1280-1280 1280 90.25 90.25 2 1515-2185 1850 89.00-90.25 89.74 1 1830-1830 1830 80.00 80.00 Low Dressing Calves Returned to Farm Head Wt Range Avg Wt Price Range Avg Price 1 100 - 150 115 115.00 115.00 Feeder Lambs Head Wt Range Avg Wt Price Range Avg Price 5 60 - 70 66 75.00 75.00 Bred Ewes Returned to Farm 3-5 Yrs 2-3 Months Bred Head Price 10 65.00 3 55.00
Weston Livestock Marketing, Weston, WV
Weighted Average Report for Saturday August 11, 2012
Cattle Receipts: 120 Slaughter cows made up 25% of the offering, slaughter bulls 13%, replacement cows 4%, other cows 2%, and feeders 57%. The feeder supply included 38% steers, 43% heifers, and 19% bulls. Near 29% of the run weighed over 600 lbs. Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 315-315 315 142.50 142.50 1 355-355 355 140.00 140.00 3 400-440 425 128.00-151.00 135.91 1 410-410 410 127.00 127.00 Smoke 1 450-450 450 137.50 137.50 1 515-515 515 128.00 128.00 3 550-575 567 131.00-136.00 134.38 1 560-560 560 121.00 121.00 Red 5 610-645 631 135.00 135.00 3 672-672 672 139.00 139.00 1 810-810 810 129.00 129.00 Yearlings Small 1 1 450-450 450 112.50 112.50 RWF Medium and Large 2 1 335-335 335 112.50 112.50 Red 1 500-500 500 134.00 134.00 1 560-560 560 118.00 118.00 Yearlings 1 735-735 735 132.00 132.00 Yearlings Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 385-385 385 125.00 125.00 1 445-445 445 117.50 117.50 1 405-405 405 125.00 125.00 Red 5 450-498 479 116.00-120.00 117.15 4 540-540 540 122.00 122.00 5 553-553 553 120.00 120.00 Yearlings 5 632-632 632 125.00 125.00 Yearlings 1 715-715 715 117.00 117.00 Yearlings Medium and Large 2 1 310-310 310 110.00 110.00 1 435-435 435 115.00 115.00 2 468-468 468 120.00 120.00 1 490-490 490 115.00 115.00 Red 1 500-500 500 114.00 114.00 Feeder Bulls Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 495-495 495 130.00 130.00 1 540-540 540 121.00 121.00 1 535-535 535 121.00 121.00 Red 1 595-595 595 112.00 112.00 1 755-755 755 106.00 106.00 1 765-765 765 98.00 98.00 Smoke 2 880-880 880 90.00 90.00 Yearlings Medium and Large 2 1 315-315 315 147.50 147.50 1 350-350 350 118.00 118.00 Smoke 1 405-405 405 117.50 117.50 1 525-525 525 109.00 109.00 1 580-580 580 124.00 124.00 Bred Cows Medium and Large 1 - 2 Middle Aged Head Wt Range Avg Wt Price Range Avg Price 1 1075-1075 1075 775.00 775.00 Per Head 4-6 Months Bred Medium and Large 1 - 2 Aged 1 970-970 970 600.00 600.00 Per Head 1-3 Months Bred 2 1095-1125 1110 790.00-835.00 812.80 Per Head 4-6 Months Bred 1 1150-1150 1150 775.00 775.00 Per Head 7-9 Months Bred Slaughter Cows Breaker 70-80% Lean Head Wt Range Avg Wt Price Range Avg Price 1 1205-1205 1205 80.00 80.00 2 1400-1430 1415 81.00-83.50 82.24 1 1625-1625 1625 87.50 87.50 High Dressing Boner 80-85% Lean 1 820-820 820 71.00 71.00 7 975-1370 1136 63.00-81.00 76.17 5 1140-1320 1232 84.00-87.50 86.07 High Dressing 2 1135-1230 1183 74.00-75.00 74.52 Low Dressing 1 1465-1465 1465 80.00 80.00 1 1435-1435 1435 86.00 86.00 High Dressing Lean 85-90% Lean 3 880-1170 1015 63.50-72.00 66.85 3 1000-1330 1173 70.00-79.50 76.00 High Dressing 3 810-860 833 50.00-57.00 54.57 Low Dressing Other Cows Medium and Large 1 - 2 Young Head Wt Range Avg Wt Price Range Avg Price 1 1050-1050 1050 88.00 88.00 Medium and Large 2 Young 1 850-850 850 87.00 87.00 Slaughter Bulls Yield Grade 1-2 Head Wt Range Avg Wt Price Range Avg Price 1 1095-1095 1095 93.00 93.00 3 1110-1330 1192 79.00-83.00 80.80 Low Dressing 11 1530-2100 1836 96.50-104.00 101.14 Cows With Calves At Side 6 pair Medium and Large 1, few 2, 2 - 10 years old with 150 - 300 lb calves 900 - 1400 lb 900.00 - 1300.00 per pair Calves Returned to Farm 60 - 150 lb 150 - 200 lb 170.00 72.50 per CWT Pigs Returned to farm 4 head 25 - 40 lb 67.50 - 70.00 per head Slaughter 4 head 140 - 170 lb 57.50 - 65.00 per CWT 300 - 350 lb 57.50 - 57.50 per CWT Goats Kids 3 head 20 - 30 lb 22.50 - 35.00 30 - 40 lb 30.00 - 30.00
Jackson County Regional Livestock, Ripley, WV
Weighted Average Report for Saturday August 11, 2012
Cattle Receipts: 142 Slaughter cows made up 20% of the offering, slaughter bulls 8%, replacement cows 11%, and feeders 62%. The feeder supply included 27% steers, 41% heifers, and 32% bulls. Near 16% of the run weighed over 600 lbs. Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 2 202-202 202 150.00 150.00 Smoke 1 285-285 285 142.00 142.00 1 345-345 345 127.00 127.00 RWF 4 303-303 303 151.00 151.00 Smoke 7 451-485 456 140.00-156.00 153.57 2 465-480 473 127.00-129.00 127.98 RWF 1 540-540 540 139.00 139.00 2 530-530 530 127.00 127.00 Smoke 1 575-575 575 137.00 137.00 3 600-635 612 131.00-135.00 133.00 Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 5 294-294 294 142.50 142.50 Smoke 1 355-355 355 125.00 125.00 7 402-425 417 122.00-137.00 132.56 3 410-430 423 119.00-137.00 131.19 Smoke 6 486-491 489 124.00 124.00 6 500-547 530 118.00-146.00 125.42 1 600-600 600 112.00 112.00 2 622-622 622 118.00 118.00 Smoke 1 715-715 715 110.00 110.00 Medium and Large 2 1 225-225 225 114.00 114.00 2 410-430 420 115.00 115.00 1 500-500 500 122.00 122.00 Feeder Bulls Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 3 236-236 236 162.50 162.50 Smoke 2 397-397 397 147.50 147.50 2 440-440 440 133.00 133.00 3 450-480 465 134.00-141.00 137.62 1 460-460 460 141.00 141.00 Smoke 3 500-500 500 137.00 137.00 2 545-545 545 128.00 128.00 Smoke 5 538-538 538 130.00 130.00 Fleshy 1 645-645 645 122.00 122.00 2 617-617 617 118.00 118.00 RWF 2 690-695 693 121.00-126.00 123.49 2 675-675 675 105.00 105.00 RWF Bred Cows Medium and Large 1 - 2 Young Head Wt Range Avg Wt Price Range Avg Price 1 1185-1185 1185 975.00 975.00 Per Head 1-3 Months Bred 1 1365-1365 1365 999.00-1150.00 1150.00 Per Head 1-3 Months Bred 1 1180-1180 1180 999.00-1150.00 1150.00 Per Head 4-6 Months Bred Medium and Large 1 - 2 Middle Aged 1 1080-1080 1080 750.00 750.00 Per Head 1-3 Months Bred 7 990-1150 1063 750.00-900.00 808.93 Per Head 4-6 Months Bred 1 1130-1130 1130 975.00 975.00 Per Head 7-9 Months Bred 1 1245-1245 1245 999.00-1150.00 1150.00 Per Head 7-9 Months Bred Medium and Large 1 - 2 Aged 1 1085-1085 1085 750.00 750.00 Per Head 4-6 Months Bred 1 1210-1210 1210 850.00 850.00 Per Head 7-9 Months Bred Slaughter Cows Breaker 70-80% Lean Head Wt Range Avg Wt Price Range Avg Price 7 1115-1360 1262 77.50-84.00 80.16 High Dressing Boner 80-85% Lean 1 845-845 845 79.00 79.00 High Dressing 1 750-750 750 64.00 64.00 Low Dressing 4 1120-1295 1178 70.00-75.00 72.95 9 1100-1280 1167 78.00-82.00 79.74 High Dressing 3 965-1185 1083 65.00-68.00 66.98 Low Dressing 1 1425-1425 1425 73.00 73.00 2 1495-1500 1498 78.00-81.00 79.50 High Dressing Slaughter Bulls Yield Grade 1-2 Head Wt Range Avg Wt Price Range Avg Price 1 1165-1165 1165 87.00 87.00 1 1290-1290 1290 105.00 105.00 High Dressing 1 1385-1385 1385 83.50 83.50 Low Dressing 8 1515-2065 1728 95.00-102.00 98.79 High Dressing Cow Calf Pairs Head 2 5-10 yrs old New born 900.00-1050.00 Baby Calves Head 11 new born dairey 35.00-75.00 new born beef 60.00-170.00 Market Hogs Head 8 67.50-82.00 Feeder Pigs Head 8 35.00 Sows Head 2 29.00-50.00 Lambs Head 2 88lbs 111.00-114.00 Goats Head 40 Nannies 55.00-115.00 Big Billies 90.00-200.00 Feeders 45.00-95.00
