NATIONAL and Local FEEDER & STOCKER CATTLE SUMMARY - WEEK ENDING 05.18.2012
RECEIPTS: Auctions Direct Video/Internet Total This Week 164,700 46,200 3,000 213,900 Last Week 175,000 62,000 32,400 269,400 Last Year 187,700 34,100 4,500 226,300
Compared to last week, light receipts of yearling feeder cattle sold steady to 3.00 higher while spotty offerings of calves traded unevenly steady.
Reports from across the country noted that offerings were on the plainer side, yet prices still mostly trended in a positive direction which could lend extra support for the market.
Salebarns north of Interstate-70 have almost completely gone to an abbreviated schedule of having maybe one or two sales per month.
Farther south, the auctions are still held every week, but receipts are progressively becoming lighter and the number of cattle that would satisfy Northern orders have become scarce.
For the year, nationwide feeder cattle auction receipts are running 5.6% lighter than 2011 and 9.2% lighter than the 5 year average.
As offerings shrink, the demand for yearling feeders has started to percolate, with most market watchers expecting prices to overflow just as temperatures get the hottest (July and August).
Thursday in Valentine, NE a lone load of 8 weight steers forecasted this summer’s fortune by averaging 806 lbs. at 162.25.
The very next day, cattle producers ran through the streets screaming Extra! Extra! with their hot-off-the-press copy of this month’s cattle-on-feed report.
Finally, after 23 straight months of year over year increases, the on-feed inventory was less than the previous year.
May 1st totals were 99.4% of 2011 and nearly a full percentage point lower than the already scaled-back average guess of the industry’s top analysts.
Placements and marketings were even more bullish, with 14.8% fewer cattle placed on feed during April and 100.4% marketed through the month.
Both of these data were much friendlier to the feeder cattle market than the experts could crunch and the wild bull that this report has released from the chute is carrying a little more than a touch-of-ear and has a colorful hair-coat (much like many of the load-lot yearlings on offer at this week’s high-volume salebarns across the Southern Plains and lower Midwest).
Friday’s cattle-on-feed report also broke the standoff in the fed cattle arena with live sales immediately coming in 3.00 higher than last week at 123.00 in the Kansas.
However, many feedlots continued to refuse bids and wanted to take advantage of the situation to gain some extra market position.
Cattlemen have gotten their proof that feeder cattle supplies have indeed lightened at the same rate as the well-advertised breeding herd.
Now, they need beef consumption to be impressive over the Memorial Day weekend holiday to set the cattle and beef market back on a record pace.
This week’s reported auction volume included 53% over 600 lbs. and 44% heifers.
Auction Receipts: 164,700 Last Week: 175,000 Last Year: 187,700
Buckhannon Stockyards, Buckhannon, WV
Weighted Average Report for Wednesday May 16, 2012
Cattle Receipts: 76 Slaughter cows made up 31% of the offering, slaughter bulls 3%, replacement cows 8%, and feeders 59%. The feeder supply included 59% steers, 34% heifers, and 7% bulls. Near 27% of the run weighed over 600 lbs. Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 355-355 355 157.50 157.50 Exotic 2 510-545 528 150.00-152.50 151.21 Medium and Large 2 1 495-495 495 130.00 130.00 3 518-518 518 160.00 160.00 2 500-500 500 150.00 150.00 Exotic 6 565-568 566 160.00 160.00 11 611-636 625 152.50-157.00 154.50 Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 435-435 435 130.00 130.00 Medium and Large 2 3 395-395 395 130.00 130.00 4 455-495 475 128.00-134.00 131.25 1 540-540 540 134.00 134.00 1 555-555 555 129.00 129.00 1 620-620 620 120.00 120.00 Medium and Large 2 - 3 2 418-418 418 128.00 128.00 Medium and Large 3 1 370-370 370 112.50 112.50 RWF 1 530-530 530 106.00 106.00 Feeder Bulls Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 395-395 395 120.00 120.00 RWF 1 455-455 455 138.00 138.00 1 595-595 595 135.00 135.00 Bred Cows Medium and Large 1 - 2 Middle Aged Head Wt Range Avg Wt Price Range Avg Price 2 1085-1150 1118 910.00-975.00 941.55 Per Head 4-6 Months Bred 1 1200-1200 1200 999.00-1070.00 1070.00 Per Head 4-6 Months Bred 2 1040-1170 1105 850.00-950.00 897.06 Per Head 7-9 Months Bred Medium and Large 1 - 2 Aged 1 1230-1230 1230 999.00-1140.00 1140.00 Per Head 7-9 Months Bred Slaughter Cows Boner 80-85% Lean Head Wt Range Avg Wt Price Range Avg Price 3 815-870 847 70.00-84.00 79.51 11 940-1355 1119 72.00-82.00 77.05 2 1030-1265 1148 84.50-86.00 85.33 High Dressing 3 1480-1605 1532 75.25-82.00 78.84 1 1545-1545 1545 86.00 86.00 High Dressing Lean 85-90% Lean 3 805-895 860 66.00-67.00 66.51 Slaughter Bulls Yield Grade 1-2 Head Wt Range Avg Wt Price Range Avg Price 1 1420-1420 1420 94.00 94.00 1 1735-1735 1735 90.00 90.00 baby calves returned to farm, # head 3 Beef Dairy newborn to 4 wks 135.00 100-150 lbs 210.00-215.00 Cow Calf pairs # head 12 age 2-8 calf under 250 lbs calf over 250 L&M 1 1035.00-1235.00 1250.00-1450.00 L&M 2 1000.00 age 8 & up L&M 1 1060.00-1275.00
Weston Livestock, Weston, WV
Weighted Average Report for Saturday May 12, 2012
Cattle Receipts: 104 Slaughter cows made up 25% of the offering, slaughter bulls 14%, replacement cows 2%, and feeders 59%. The feeder supply included 28% steers, 38% heifers, and 34% bulls. Near 30% of the run weighed over 600 lbs. Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 2 347-347 347 195.00 195.00 3 451-451 451 176.00 176.00 3 505-530 513 172.50-180.00 175.78 1 595-595 595 142.50 142.50 Exotic 1 845-845 845 123.00 123.00 1 1000-1000 1000 103.00 103.00 Medium and Large 2 1 235-235 235 147.50 147.50 1 395-395 395 177.50 177.50 1 485-485 485 157.50 157.50 1 515-515 515 175.00 175.00 1 540-540 540 135.00 135.00 Exotic 1 600-600 600 177.50 177.50 Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 405-405 405 130.00 130.00 3 410-440 420 137.50-150.00 145.63 RWF 8 515-515 515 161.00 161.00 3 558-558 558 163.00 163.00 1 605-605 605 101.00 101.00 3 680-685 683 125.00-130.00 128.34 1 720-720 720 123.00 123.00 1 855-855 855 111.00 111.00 1 900-900 900 102.00 102.00 Medium and Large 2 1 510-510 510 126.00 126.00 Feeder Bulls Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 5 520-522 521 170.00-171.00 170.60 4 560-560 560 170.00-180.00 177.50 1 600-600 600 152.50 152.50 1 630-630 630 130.00 130.00 RWF 1 655-655 655 133.00 133.00 1 710-710 710 120.00 120.00 Exotic 1 760-760 760 108.00 108.00 Exotic 2 820-825 823 90.00-100.00 94.98 Exotic 1 885-885 885 102.00 102.00 Exotic Medium and Large 2 1 410-410 410 167.50 167.50 1 515-515 515 165.00 165.00 2 565-585 575 150.00-162.50 156.14 Bred Cows Medium and Large 1 - 2 Middle Aged Head Wt Range Avg Wt Price Range Avg Price 1 1350-1350 1350 79.50 79.50 4-6 Months Bred 1 1270-1270 1270 990.00 990.00 Per Head 7-9 Months Bred Slaughter Cows Breaker 70-80% Lean Head Wt Range Avg Wt Price Range Avg Price 1 1410-1410 1410 82.50 82.50 Boner 80-85% Lean 9 1085-1355 1209 80.00-86.50 83.34 1 1365-1365 1365 93.00 93.00 High Dressing 3 1125-1265 1198 75.00-76.50 75.66 Low Dressing 2 1435-1505 1470 75.00-87.00 80.86 3 1415-1530 1463 90.50-92.50 91.52 High Dressing Lean 85-90% Lean 1 755-755 755 72.00 72.00 5 895-1000 939 71.00-79.00 76.10 1 1015-1015 1015 60.00 60.00 Low Dressing Slaughter Bulls Yield Grade 1-2 Head Wt Range Avg Wt Price Range Avg Price 6 1015-1460 1236 90.00-98.50 94.86 1 1050-1050 1050 81.00 81.00 Low Dressing 2 1540-1950 1745 97.50-100.00 98.90 6 1515-2030 1809 105.00-109.50 107.01 High Dressing Baby Calf returned to farm # head 2 Beef Dairy newborn to 4 wks 201.50 115.00 Cow Calf Pairs Calf under 250 lb calf over 250 ages 2-8 L&M 1 975.00-1400.00 1300.00-150.00 L&m 2 600.00 Bulls By the head # head 2 under 1000 lb 975.00-1225.00 Slaguhter Hogs And Pigs, # head 3 Barrows and Gilts U.S. 1-3 250-300 lbs 67.50-71.00 Slaughter and feeder lambs # head 4 Feeders 50-60 lbs 185.00-190.00 Ewe Receipts # head 6 Thin 65.00 Fleshy 79.00 Goats # head 9 selection 1 selection 2 selection 3 Sl Sm nannies 67.50-77.50 sl big nannies 80.00 sl big billies 175.00 family 115.00
Jackson County Regional Livestock Market, Ripley, WV
Weighted Average Report for Saturday May 12, 2012
Cattle Receipts: 255 Slaughter cows made up 23% of the offering, slaughter bulls 3%, replacement cows 12%, other cows 1%, and feeders 61%. The feeder supply included 21% steers, 52% heifers, and 28% bulls. Near 37% of the run weighed over 600 lbs. Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 2 415-440 428 177.50-180.00 178.79 1 450-450 450 151.00 151.00 Smoke 2 520-530 525 160.00-164.00 161.98 3 555-560 558 161.00-168.00 163.32 4 605-610 606 140.00-147.00 141.76 1 650-650 650 156.00 156.00 3 705-705 705 148.00-154.00 151.00 Medium and Large 2 1 250-250 250 170.00 170.00 1 330-330 330 140.00 140.00 1 330-330 330 125.00 125.00 Exotic 1 390-390 390 147.50 147.50 3 500-520 507 154.00-155.00 154.66 2 512-512 512 149.00 149.00 RWF 1 585-585 585 150.00 150.00 Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 3 220-245 237 187.00-195.00 190.69 1 290-290 290 175.00 175.00 2 310-315 313 167.00-182.50 174.81 1 380-380 380 150.00 150.00 4 420-440 425 150.00-169.00 161.24 8 460-490 474 148.00-158.00 152.31 3 530-530 530 139.00 139.00 4 565-592 580 141.00-145.00 143.78 8 620-640 634 134.00-146.00 138.74 3 605-605 605 131.00 131.00 Red 2 615-630 623 121.00-130.00 125.45 Smoke 2 650-655 653 134.00-138.00 135.99 Smoke 2 700-740 720 114.00-115.00 114.51 1 735-735 735 98.00 98.00 Yearlings 1 870-870 870 118.00 118.00 1 870-870 870 94.00 94.00 RWF 1 1045-1045 1045 94.00 94.00 Yearlings Medium and Large 2 1 255-255 255 132.50 132.50 1 320-320 320 154.00 154.00 4 385-395 393 142.50-146.00 144.64 1 360-360 360 130.00 130.00 Exotic 4 405-430 416 130.00-148.00 139.26 2 450-475 463 135.00-143.00 138.89 2 510-540 525 119.00-120.00 119.49 1 555-555 555 131.00 131.00 1 595-595 595 119.00 119.00 RWF 1 645-645 645 139.00 139.00 Feeder Bulls Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 1 330-330 330 181.00 181.00 1 365-365 365 170.00 170.00 1 440-440 440 160.00 160.00 2 450-480 465 153.00-159.00 155.90 4 505-535 516 141.00-144.00 142.77 1 505-505 505 131.00 131.00 Smoke 3 565-590 577 133.00-140.00 137.35 2 622-622 622 144.00 144.00 2 670-670 670 148.00 148.00 1 740-740 740 130.00 130.00 2 780-780 780 122.00 122.00 1 795-795 795 115.00 115.00 Smoke 1 775-775 775 82.00 82.00 Yearlings 1 940-940 940 95.00 95.00 Yearlings 1 960-960 960 85.00 85.00 Yearlings Medium and Large 2 3 367-385 373 140.00-148.00 145.25 1 425-425 425 130.00 130.00 2 595-595 595 129.00 129.00 3 660-685 677 119.00-124.00 120.63 1 730-730 730 109.00 109.00 Yearlings 1 790-790 790 88.00 88.00 Yearlings Bred Cows Medium and Large 1 - 2 Young Head Wt Range Avg Wt Price Range Avg Price 1 995-995 995 810.00 810.00 Per Head 1-3 Months Bred 4 1015-1051 1042 999.00-1125.00 1044.13 Per Head 4-6 Months Bred 2 1010-1160 1085 950.00-1150.00 1056.91 Per Head 7-9 Months Bred 1 1270-1270 1270 999.00-1375.00 1375.00 Per Head 7-9 Months Bred Medium and Large 1 - 2 Middle Aged 1 880-880 880 750.00 750.00 Per Head 1-3 Months Bred 1 1065-1065 1065 850.00 850.00 Per Head 1-3 Months Bred 3 930-1053 1012 825.00-1100.00 1015.76 Per Head 7-9 Months Bred 1 1395-1395 1395 999.00-1375.00 1375.00 Per Head 7-9 Months Bred 1 1540-1540 1540 999.00-1175.00 1175.00 Per Head 7-9 Months Bred Medium and Large 1 - 2 Aged 1 1295-1295 1295 999.00-1000.00 1000.00 Per Head 1-3 Months Bred 1 1053-1053 1053 900.00 900.00 Per Head 4-6 Months Bred 1 885-885 885 725.00 725.00 Per Head 7-9 Months Bred 1 1335-1335 1335 999.00-1000.00 1000.00 Per Head 7-9 Months Bred Medium and Large 2 Young 1 905-905 905 575.00 575.00 Per Head 4-6 Months Bred 4 960-1007 984 750.00-950.00 843.90 Per Head 7-9 Months Bred Medium and Large 2 Middle Aged 1 950-950 950 650.00 650.00 Per Head 7-9 Months Bred Slaughter Cows Breaker 70-80% Lean Head Wt Range Avg Wt Price Range Avg Price 2 1120-1260 1190 83.00-84.50 83.71 3 1425-1535 1498 80.00-82.00 81.00 Boner 80-85% Lean 3 755-840 792 72.50-83.00 77.89 20 980-1395 1192 79.00-87.00 82.66 10 990-1395 1142 85.00-90.00 86.86 High Dressing 5 990-1210 1102 69.00-79.00 74.40 Low Dressing 1 1515-1515 1515 78.50 78.50 1 1425-1425 1425 95.00 95.00 High Dressing Lean 85-90% Lean 1 1000-1000 1000 70.00 70.00 2 905-1120 1013 73.50-80.00 77.10 High Dressing Heiferettes Medium and Large 1 - 2 Young Head Wt Range Avg Wt Price Range Avg Price 1 600-600 600 65.00 65.00 2 930-1165 1048 85.00-95.00 90.56 Slaughter Bulls Yield Grade 1-2 Head Wt Range Avg Wt Price Range Avg Price 1 1445-1445 1445 105.00 105.00 4 1785-1945 1833 97.00-105.00 101.08 1 1665-1665 1665 120.00 120.00 High Dressing Cow/Calf Pairs 3 2-8yrs old with calf under 250lbs 1000.00-1585.00 1 2-8yrs old with calf over 250lbs 1625.00 1 Over 8yrs old with calf over 250lbs 1300.00 Slaughter Steers & Heifers Slaughter Steers Head Wt Range Avg Wt Price Range Avg Price 1 1205-1205 1205 115.00 115.00 C+ 1 1225-1225 1225 104.00 104.00 Sel 1 1250-1250 1250 110.50 110.50 Sel+ 1 1575-1575 1575 110.00 110.00 C+ 4 1300-1485 1374 116.00-121.00 118.84 C 2 1325-1415 1370 108.00-110.00 108.97 Sel slaughter Heifers Head Wt Range Avg Wt Price Range Avg Price 2 1210-1240 1225 110.00 110.00 Sel 1 1260-1260 1260 110.00 110.00 Sel+ 4 1340-1405 1371 110.00-115.00 113.46 C- 2 1300-1345 1323 106.00-108.00 106.98 Sel 2 1320-1390 1355 108.00-108.50 108.26 Sel- Baby Calves Head Calves Returned to Farm Beef Dairy 3 100-150lbs/hd 225.00-235.00 9 Newborn to 4wks 160.00 75.00-85.00 Goats Head Type Sel1 Sel2 Sel3 4 Big Nannies 130-145 100-105 3 Small Nannies 95-110 1 Big Billies 160 1 Small Billies 87.50 Kids 10 Under 20lbs 47.50-70.50 30-40 30 1 20-40lbs 85 Lambs Head Feeders 2 90-95lbs 180-185 1 80-85lbs 205 1 60-65lbs 200 Lambs/hd 1 20lb 50.00 Slaughter Barrows & Gilts Head 1 380lbs 44.00
