Sunday, February 19, 2012
NATIONAL and Local FEEDER & STOCKER CATTLE SUMMARY - WEEK ENDING 02.17.2012
RECEIPTS: Auctions Direct Video/Internet Total This Week 213,900 77,500 46,300 337,700 Last Week 226,400 48,900 12,300 287,600 Last Year 306,700 69,000 45,300 421,000
Compared to last week, feeder steers and heifers sold firm to 3.00 higher well before the fed cattle market experienced sharp gains during a Friday afternoon trading session.
Southeastern calf markets and old-crop stockers throughout the balance of the country traded 2.00-6.00 higher, but early arrivals of soft new-crop fall calves in the Plains and the Midwest were very uneven.
Some areas of the central US are continuing to see further price advance on the young pee-wee calves while other marketing areas are reporting trends up to 8.00 lower, even on top quality steers.
No doubt, the best demand is presently for short-yearling 500-750 lb. stockers possessing a relatively thin condition plus the stretch and frame that grazers know will yield efficient weight gains on early grass.
This is very typical for March and early April, but supplies are so tight and the weather has been so mild that these types have been high priority all winter.
Calls for stocker calves have been pouring into Southeastern order buyers with the cumulative weighted average price across Dixieland for 400-500 lb. steers up to 184.87, 500-600 lb. steers averaged 168.69 before freight, commission, and additions.
Last summer’s drought remains fresh on the minds of producers in the Southern Plains; but many locations across Texas, Oklahoma, and Kansas have received bountiful moisture over the last few months and greener pastures may well be a reality as temperatures rise.
Auction receipts early this past week near these areas were very light as snow, drizzle, and fog hampered livestock transportation.
Packer bids in the 5 Area direct feedlot region sprung from 122.00 to 128.00 Friday morning as feedlots took advantage of the short-bought situation and reduced chain speeds that finally caught up with the US beef processing industry.
This allowed the fed cattle market to once again set new record highs (most recently set in late November) with live sales from 128.00-129.50 and dressed sales from 202.00-203.00.
Packers have transferred their marketing resistance from the buying end to the sales department with Choice cut-out values ending the week on top of 190.00 once again.
CME cattle futures had impressive gains through the week with most Live quotes now over 130.00 and feeder contracts mostly over 160.00.
The most recent CME cash feeder cattle index is on the rise and nearing 156.00 even without the inclusion of a fancy consignment of 5 big pot-loads of 787 lb. steers that brought 160.10 at the Hub City Livestock Auction in Aberdeen, SD.
This week’s reported nationwide auction volume included 59% over 600 lbs. and 43% heifers.
Auction Receipts: 213,900 Last Week: 226,400 Last Year: 306,700
Weston Livestock, Weston, WV
Weighted Average Report for Saturday February 11, 2012
Cattle Receipts: 20 Slaughter cows made up 30% of the offering, and feeders 70%. The feeder supply included 57% heifers, and 43% bulls. Near 14% of the run weighed over 600 lbs. Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 265-265 265 154.00 154.00 1 320-320 320 155.00 155.00 3 361-361 361 157.50 157.50 1 545-545 545 135.00 135.00 Medium and Large 2 1 450-450 450 140.00 140.00 1 745-745 745 94.00 94.00 Feeder Bulls Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 2 320-320 320 160.00 160.00 2 385-390 388 157.50-170.00 163.71 1 430-430 430 170.00 170.00 1 630-630 630 130.00 130.00 Slaughter Cows Boner 80-85% Lean Head Wt Range Avg Wt Price Range Avg Price 4 1140-1245 1190 73.50-76.50 74.78 1 1450-1450 1450 77.00 77.00 Lean 85-90% Lean 1 915-915 915 68.00 68.00 High Dressing Baby calves 3hd Beef Dairy newborn 50-60 150-250cwt 145 Slaughter hogs 12hd 250-300lbs 69-80 300 & up 69-73 Slaughter lambs 3hd 100-125lbs 190-200 Feeder lambs 3hd
Jackson County Regional Livestock Market, Ripley, WV
Weighted Average Report for Saturday February 11, 2012
Cattle Receipts: 81 Slaughter cows made up 14% of the offering, slaughter bulls 5%, replacement cows 10%, and feeders 72%. The feeder supply included 7% steers, 53% heifers, and 40% bulls. Near 14% of the run weighed over 600 lbs. Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 415-415 415 188.00 188.00 1 420-420 420 150.00 150.00 Red Medium and Large 2 1 575-575 575 121.00 121.00 1 605-605 605 131.00 131.00 Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 250-250 250 142.50 142.50 1 380-380 380 110.00 110.00 Red 4 360-385 366 112.00-114.00 113.47 RWF 7 410-426 423 136.00-150.00 142.98 3 448-448 448 104.00 104.00 RWF 1 535-535 535 114.00 114.00 Red 1 545-545 545 89.00 89.00 Smoke 1 520-520 520 107.00 107.00 Exotic 1 590-590 590 128.00 128.00 1 630-630 630 103.00 103.00 2 605-645 625 100.00-105.00 102.58 RWF Medium and Large 2 3 310-322 318 122.50-135.00 126.56 1 385-385 385 118.00 118.00 RWF 1 415-415 415 110.00 110.00 1 455-455 455 120.00 120.00 Red 1 565-565 565 98.00 98.00 1 780-780 780 96.00 96.00 Smoke Feeder Bulls Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 250-250 250 160.00 160.00 1 345-345 345 140.00 140.00 Red 4 302-345 324 120.00-128.00 123.73 RWF 1 435-435 435 147.00 147.00 Red 5 451-485 458 122.00-125.00 124.36 RWF 1 520-520 520 122.00 122.00 RWF 1 580-580 580 123.00 123.00 Red 1 575-575 575 103.00 103.00 RWF 1 565-565 565 105.00 105.00 Smoke 1 695-695 695 94.00 94.00 1 675-675 675 95.00 95.00 Smoke 1 915-915 915 92.00 92.00 Medium and Large 2 4 410-441 433 135.00-147.00 137.84 Bred Cows Medium and Large 1 - 2 Young Head Wt Range Avg Wt Price Range Avg Price 1 860-860 860 750.00 750.00 Per Head 4-6 Months Bred 1 1030-1030 1030 999.00-1200.00 1200.00 Per Head 4-6 Months Bred Medium and Large 1 - 2 Middle Aged 1 1190-1190 1190 850.00 850.00 Per Head 4-6 Months Bred 3 1205-1395 1328 999.00-1410.00 1160.00 Per Head 4-6 Months Bred 1 1300-1300 1300 999.00-1275.00 1275.00 Per Head 7-9 Months Bred Medium and Large 1 - 2 Aged 1 985-985 985 685.00 685.00 Per Head 4-6 Months Bred Slaughter Cows Breaker 70-80% Lean Head Wt Range Avg Wt Price Range Avg Price 1 1290-1290 1290 80.00 80.00 2 1370-1375 1373 78.50-82.50 80.50 High Dressing 1 1660-1660 1660 80.00 80.00 High Dressing Boner 80-85% Lean 1 790-790 790 70.00 70.00 2 1280-1355 1318 69.50-72.00 70.79 1 1195-1195 1195 82.00 82.00 High Dressing 1 1430-1430 1430 70.00 70.00 Lean 85-90% Lean 1 740-740 740 40.00 40.00 Low Dressing 1 835-835 835 39.00 39.00 Low Dressing Slaughter Bulls Yield Grade 1-2 Head Wt Range Avg Wt Price Range Avg Price 2 1545-1725 1635 87.50-89.00 88.21 2 1530-1775 1653 99.00-100.00 99.46 High Dressing Baby Calves Head 5 40.00-210.00 Fat Cattle Head 2 116.00-120.00 Slaughter Cattle Head 1 80.00
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To Not Me,