NATIONAL and Local FEEDER & STOCKER CATTLE SUMMARY - WEEK ENDING 06.08.2012
RECEIPTS: Auctions Direct Video/Internet Total This Week 206,200 37,300 61,200 304,700 Last Week 115,800 36,400 9,400 161,600 Last Year 168,200 30,100 65,200 263,500
Compared to last week, yearling feeders sold mostly steady with instances as much as 2.00 higher.
Calf prices continued to trend unevenly, from 5.00 lower to 5.00 higher with the full declines posted in the drier areas of the Southeast.
Receipts were fairly heavy following last week’s holiday interrupted Monday markets, with many of this week’s higher yearling trends just now realizing last week’s gains.
However a good portion of the heavier receipts were due to dry conditions forcing cattle to market in places like Missouri and Arkansas which sold 91% and 140% more cattle than the same week a year ago, respectively.
At the Ozark’s Regional Stockyard in the extreme south-central Missouri town of West Plains that regularly sells cattle from both states, they have sold 16,300 head of feeder cattle over the last three weeks compared to just over 4500 during the same period in 2011.
Conditions may not be as severely dry as the Southwestern United States was last year, but the Acorn Belt is a rough and rocky country of heavily concentrated cow/calf production that normally permits fairly heavy stocking rates this time of year.
Around 250 miles to the north, the southern half of the Corn Belt is also suffering from a lack of moisture as late planted corn and soybean fields are dreadful.
Early corn is rooted down and much more attractive to the eye, but rainfall is needed soon or this year’s grain production will fall well short of lofty expectations.
Dry conditions are also keeping the demand for this spring and summer’s yearling feeders under wraps. Many market participants believed grass yearling prices could get out of hand this year with tight numbers available.
Although impressive, the market still lags well behind the all-time record highs posted in late February (CME cash feeder cattle index on 02.24.12 of 157.44 based on a 750 lb. steer, compared to the latest available of 155.14).
Cattle feeders would like to see an impressive corn crop a little closer to the bin before breaking new ground on direct or video contract sales for late summer yearlings.
That’s not to say prices can’t get impressive when buyers can see quality, flesh, and weighing condition standing in the ring in front of them as was the case in Ogallala, NE on Thursday when over 400 head of top quality 700-800 lb. steers sold with an average weight of 762 lbs. and an average price of 162.54.
Fed cattle saw a surprising spark in the CME Live Cattle futures on Thursday and took advantage with live sales 1.00-1.50 higher from 122.00-123.50.
Slaughter rates seasonally peak during June, which could help the fat market trudge through the next month or six weeks of heavier showlists that analysts have predicted.
However, not everyone is convinced of heavier market-ready supplies and these stories can only be partially confirmed by eye witnesses on the ground.
This week’s reported auction volume included 51% over 600 lbs. and 43% heifers.
Auction Receipts: 206,200 Last Week: 115,800 Last Year: 168,200
Buckhannon Stockyards, Buckhannon, WV
Weighted Average Report for Wednesday June 06, 2012
Cattle Receipts: 49 Slaughter cows made up 6% of the offering, slaughter bulls 4%, replacement cows 37%, other cows 4%, and feeders 49%. The feeder supply included 33% steers, 58% heifers, and 8% bulls. Near 25% of the run weighed over 600 lbs. Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 345-345 345 150.00 150.00 3 530-530 530 137.00 137.00 1 765-765 765 137.50 137.50 Medium and Large 2 2 540-540 540 122.50 122.50 1 645-645 645 102.50 102.50 Exotic Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 2 448-448 448 135.00 135.00 Exotic 6 460-485 477 135.00-141.00 139.82 1 640-640 640 146.00 146.00 1 620-620 620 112.50 112.50 RWF Medium and Large 2 1 325-325 325 105.00 105.00 RWF 1 595-595 595 122.00 122.00 Medium and Large 3 2 655-655 655 105.00 105.00 Feeder Bulls Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 385-385 385 148.00 148.00 Medium and Large 2 1 495-495 495 120.00 120.00 Bred Cows Medium and Large 1 - 2 Young Head Wt Range Avg Wt Price Range Avg Price 2 800-800 800 875.00 875.00 Per Head 7-9 Months Bred Medium and Large 1 - 2 Aged 1 1125-1125 1125 785.00 785.00 Per Head 4-6 Months Bred 1 1090-1090 1090 999.00-1250.00 1250.00 Per Head 7-9 Months Bred Slaughter Cows Boner 80-85% Lean Head Wt Range Avg Wt Price Range Avg Price 1 1240-1240 1240 88.00 88.00 Lean 85-90% Lean 1 1030-1030 1030 69.00 69.00 1 975-975 975 55.00 55.00 Low Dressing Heiferettes head Wt Range Avg Wt Price Range Avg Price 2 822-822 822 117.00 117.00 Baby calves returned to farm, #head 6 beef dairy newborn to 4 wks 85.00-155.00 52.50-55.00 Bulls by the head 800-1000lbs 850.00-875.00 1000 and up 1150.00 Cow calf pairs, # head 4 age 2-8 calf 250 lb or less calf over 250 L&M 1 900.00 1885.00 L&M 2 650.00 ages 8 and up 1700.00 Slaughter Bulls Yield Grade 1-2 Head Wt Range Avg Wt Price Range Avg Price 1 1980-1980 1980 105.00 105.00 1 1740-1740 1740 103.50 103.50 High Dressing
Weston Livestock, Weston, WV
Weighted Average Report for Saturday June 02, 2012
Cattle Receipts: 87 Slaughter cows made up 33% of the offering, slaughter bulls 6%, replacement cows 8%, other cows 3%, and feeders 49%. The feeder supply included 33% steers, 53% heifers, and 14% 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 9 582-582 582 160.00 160.00 2 653-653 653 139.00 139.00 Medium and Large 2 1 335-335 335 128.00 128.00 Exotic 2 575-575 575 147.50 147.50 Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 2 360-380 370 146.00-148.00 147.03 2 490-490 490 137.50 137.50 4 503-503 503 141.00 141.00 8 600-630 608 135.00-144.00 137.85 Medium and Large 2 2 383-383 383 122.50 122.50 1 430-430 430 126.00 126.00 3 470-470 470 129.00-133.00 131.67 1 720-720 720 122.00 122.00 Feeder Bulls Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 2 555-555 555 140.00 140.00 3 640-640 640 137.00 137.00 1 635-635 635 120.00 120.00 Exotic Bred Cows Medium and Large 1 - 2 Young Head Wt Range Avg Wt Price Range Avg Price 1 855-855 855 785.00 785.00 Per Head 1-3 Months Bred 1 1080-1080 1080 999.00-1125.00 1125.00 Per Head 4-6 Months Bred Medium and Large 1 - 2 Middle Aged 1 985-985 985 825.00 825.00 Per Head 1-3 Months Bred 3 1100-1100 1100 999.00-1275.00 1275.00 Per Head 4-6 Months Bred Medium and Large 1 - 2 Aged 1 1065-1065 1065 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 2 1520-1615 1568 88.00-90.00 89.03 High Dressing Boner 80-85% Lean 1 880-880 880 75.00 75.00 Low Dressing 11 905-1380 1139 78.00-87.50 82.48 7 1175-1360 1288 89.50-96.00 91.79 High Dressing 1 1445-1445 1445 84.00 84.00 3 1440-1510 1463 89.00-93.00 90.70 High Dressing Lean 85-90% Lean 3 905-1010 947 75.00-76.50 75.83 1 930-930 930 78.50 78.50 High Dressing Heiferettes Head Wt Range Avg Wt Price Range Avg Price 2 785-815 800 104.00-106.00 105.02 Per Head 1 945-945 945 108.00 108.00 Per Head Slaughter Bulls Yield Grade 1-2 Head Wt Range Avg Wt Price Range Avg Price 1 1570-1570 1570 92.50 92.50 4 1625-2120 1838 105.00-110.00 106.37 High Dressing Baby Calves returned to farm # head 2 Beef Dairy 100-150 lbs 185.00-232.00 Bulls by the head, # head 2 800-1000 lbs 1200.00-1250.00 Cow Calf Pairs, # head 9 Age 2-8 calf 250 lb or less calf over 250 L&M 1 1225.00-1425.00 1785.00-1950.00 L&M 2 585.00 Slaughter hogs and pigs Sows # head 7 40.00-49.00 Slaughter and Feeder lambs Feeders # head 70 90-125 lbs 150.00-154.00 75-90 161.00-165.00 60-75 168.00-171.00 45-60 150.00 Ewe receipts slaughter ewes # head 5 fleshy 60.00-65.00 Goats, # head selection 1 selection 2 selection 3 kids under 20 lb 52.50 20-40 65.00-72.50 40-60 72.50 sl yearlings 122.50 sl big billies 165.00 130.00-147.50 sl sm billies 90.00
Jackson County Regional Livestock Market, Ripley, WV
Weighted Average Report for Saturday June 02, 2012
Cattle Receipts: 127 Slaughter cows made up 31% of the offering, slaughter bulls 3%, replacement cows 6%, and feeders 60%. The feeder supply included 29% steers, 59% heifers, and 12% 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 2 290-290 290 187.00 187.00 4 426-445 434 170.00-182.00 177.49 1 575-575 575 156.00 156.00 2 602-602 602 150.00 150.00 1 695-695 695 155.00 155.00 1 700-700 700 140.00 140.00 1 770-770 770 140.00 140.00 Small 1 1 405-405 405 132.50 132.50 2 557-557 557 137.00 137.00 Medium and Large 2 1 440-440 440 163.00 163.00 1 510-510 510 165.00 165.00 1 625-625 625 144.00 144.00 1 765-765 765 127.00 127.00 Holstein Medium and Large 2 2 450-450 450 119.00 119.00 1 635-635 635 102.00 102.00 Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 2 297-297 297 172.50 172.50 2 347-347 347 161.00 161.00 1 380-380 380 147.50 147.50 RWF 8 413-425 417 135.00-155.00 148.21 3 440-445 442 143.00-154.00 150.31 RWF 1 405-405 405 150.00 150.00 Smoke 3 450-460 457 140.00-153.00 148.73 6 515-540 522 146.00-154.00 150.68 8 603-611 607 134.00-139.00 137.01 2 855-885 870 101.00-115.00 107.88 Medium and Large 2 4 375-375 375 135.00 135.00 1 490-490 490 140.00 140.00 Red 2 505-505 505 141.00 141.00 1 560-560 560 139.00 139.00 Exotic 1 665-665 665 107.00 107.00 Feeder Bulls Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 2 335-335 335 190.00 190.00 2 480-480 480 165.00 165.00 1 505-505 505 162.00 162.00 Red 1 570-570 570 156.00 156.00 1 735-735 735 128.00 128.00 Exotic 2 815-815 815 111.00 111.00 Exotic Bred Cows Medium and Large 1 - 2 Young Head Wt Range Avg Wt Price Range Avg Price 1 950-950 950 999.00-1025.00 1025.00 Per Head 4-6 Months Bred 1 1245-1245 1245 999.00-1275.00 1275.00 Per Head 4-6 Months Bred Medium and Large 1 - 2 Middle Aged 1 1050-1050 1050 900.00 900.00 Per Head 4-6 Months Bred 1 1275-1275 1275 999.00-1050.00 1050.00 Per Head 4-6 Months Bred 1 1125-1125 1125 999.00-1350.00 1350.00 Per Head 7-9 Months Bred Medium and Large 1 - 2 Aged 2 945-1140 1043 800.00-950.00 882.01 Per Head 4-6 Months Bred 1 1200-1200 1200 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 5 1025-1325 1170 89.00-102.00 92.19 High Dressing 3 1405-1575 1515 84.00-86.50 85.12 3 1445-1525 1478 90.00-100.00 93.48 High Dressing Boner 80-85% Lean 1 895-895 895 80.00 80.00 2 815-885 850 74.50-76.50 75.54 Low Dressing 7 1025-1245 1151 80.00-84.00 82.72 9 1000-1330 1152 85.00-92.00 87.57 High Dressing 2 1115-1260 1188 70.00-78.00 74.24 Low Dressing 3 1530-1810 1692 82.00-83.00 82.66 2 1580-1645 1613 86.50 86.50 High Dressing 1 1425-1425 1425 76.50 76.50 Low Dressing Lean 85-90% Lean 1 1235-1235 1235 55.00 55.00 Slaughter Bulls Yield Grade 1-2 Head Wt Range Avg Wt Price Range Avg Price 1 1415-1415 1415 97.00 97.00 2 1365-1450 1408 105.00-110.00 107.58 High Dressing 1 2210-2210 2210 103.00 103.00 High Dressing Cow Calf Pairs Head 7 2 - 5yrs New Born 1000.00-1225.00 5yrs and older 1150.00-1450.00 Stock Bulls Head 2 1100.00-1800.00 Hieferettes Head 6 89.00-101.00 Baby Calves Head 19 Newborn dairy 45.00-95.00 Newborn beef 75.00-325.00 Fat Cattle Head 11 102.00-122.00 Goats Head 42 Feeders #1 75.00-120.00 Feeders #2 35.00-75.00 Nannies 55.00-125.00 Small Billies 75.00-110.00 Big Billies 100.00-175.00 Lambs Head 15 90# and under 143.00-157.50 90# and up 115.00-150.00 Sows Head 2 44.00-45.00