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National slaughter, feeder and stocker cattle report
2014/12/17 8:35:19 Source: capitalpress Author: 点击率:
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Feeder calves under 550 lbs. sold mostly steady to $5 higher early week, with trends from mid-week on turning mostly $5 to instances $10 lower.

Cattle prices in dollars per hundredweight (cwt.) except some replacement animals per pair or head as indicated.

NATIONAL SLAUGHTER CATTLE

(Federal-State Market News)

Oklahoma City-Des Moines

Dec. 12

Compared to last week: Slaughter cattle sold mostly $4 lower in a limited test. Dressed sales in Nebraska lightly tested and $7-8 lower. The bears truly in control of the markets this week as Beef prices moved lower the cattle futures followed.

Boxed beef prices Dec. 12 averaged $239.57 that is $5.05 lower than Dec. 5. The Choice/Select spread is $10.93. Slaughter cattle on a national basis for negotiated cash trades through Dec. 12 totaled about 24,275 head. The previous week’s total head count was 58,379 head.

Midwest Direct Markets: Live Basis: Steers and Heifers 35-80 Percent Choice, 1200-1400 lbs. $160-164; Dressed Basis: Steers and Heifers $257.

South Plains Direct Markets: Live Basis: Steers and Heifers 35-65 percent Choice, 1100-1400 lbs. $164.

Slaughter Cows and Bulls (Average Yielding Prices): Slaughter cows mostly steady with exception of the South East selling $2-6 higher. Slaughter bulls steady to $3 lower. USDA’s Cutter cow carcass cut-out value Dec. 12 was $233.53 down $3.28 from Dec. 5.

NATIONAL FEEDER AND STOCKER CATTLE

(Federal-State Market News)

St. Joseph, Mo.

Dec. 12

This week Last week Last year

303,900 346,000 241,500

Compared to Dec. 5: Feeder calves under 550 lbs. sold mostly steady to $5 higher early week, with trends from mid-week on turning mostly $5 to instances $10 lower. Bigger calves and yearlings traded weak to $5 lower, with spots $10 lower after mid-week. Lightweight calf buyers were aggressive to fill orders as receipts were fairly heavy, with only one more full-week of marketing activity left before buyers and sellers start winding down for the holiday break.

Farmer feeders and backgrounders were especially active in their last opportunities to invest money in feeders before the end of the year. Bigger calves mostly over 550 lbs. and yearlings felt pressure this week as cattle markets got off to a rocky start on Monday as the majority of live and feeder cattle contracts closed down the limit with limit down losses on feeder contracts on Thursday and sharp losses again on Friday. Declines in cattle futures and fat cattle markets are looking to find their footing through the end of the year.

Last Friday’s disappointing lower moves in cash fed cattle trade is keeping markets under pressure. With cattle bulls wanting to head to the exits and bears coming out of the woods has packers not wanting to pay more and feedlots not wanting to take less than they have to.

Boxed beef cut-outs seem to have hit a pre-Christmas slump as poor processing margins will keep packers on the defensive with the seasonal slide in boxed beef prices. This has packers pretty much wanting to put a “full court press” on the fat cattle trade. Lightweight calves weighing mostly from 350-450 lbs. can hold more options as cattle growers need as long as they can to see if they can grow them efficiently into yearlings next summer.

Many auctions are holding Special Bred Heifer and Cow sales this month with Public Auction Yards in Billings, Mont., holding its annual Blue Ribbon Special Bred Heifer and Cow sale a two-day auction on Dec. 9 and Dec. 10 selling over 7000 head of top quality bred heifers and cows. A packed house of buyers was in attendance to buy many long strings of reputation bred cows and heifers that were on offer. Many of the top quality bred heifers weighing over 1000 lbs. with February-March calving period sold from $2800-3100 and with young bred cows (mostly 3-4 yrs) with February-April calving periods selling from $2700-3125 and very high quality young bred cows at $3550-3875.

With many auctions holding special bred cow and heifers sales, many farmers and ranchers have gooseneck trailers, plenty of hay and corn to try and pluck one more bred cow or one with enough youth to give it another try.

USDA’s Supply and Demand Report issued on Wednesday contained few surprises and no large changes before the year’s final estimates come out in January. USDA left the corn balance sheet unchanged with ending stocks just below 2 billion bushels within the range of pre-report expectations. In Kansas on Dec. 12 negotiated cash fed cattle traded $4 lower at $164 while dressed sales in Nebraska were mostly $7-8 lower at 256-257. For the week, live sales in Nebraska sold $4-6 lower from $160-164. The week’s auction volume included 49 percent over 600 lbs. and 40 percent heifers.

AUCTIONS

This week Last week Last year

246,200 275,600 193,300

WASHINGTON 2,900. 61 pct over 600 lbs. 40 pct heifers. Steers: Medium and Large 1-2 450-500 lbs. $294.29; 500-550 lbs. $254.76; 550-600 lbs. $257.38; 600-650 lbs. $241.26; 650-700 lbs. $238.07; 700-750 lbs. $228.93; 750-800 lbs. $226.05; load 850 lbs. $214; part load 875 lbs. $210. Heifers: Medium and Large 1-2 400-450 lbs. $265.72; 450-500 lbs. $257.73; 500-550 lbs. $238.87; 550-600 lbs. $242.74; 600-650 lbs. $226.86; 650-700 lbs. $225.37; 750-800 lbs. $212.22; part load 840 lbs. $205.

DIRECT

This week Last week Last year

33,000 49,400 21,000

SOUTHWEST (Arizona-California-Nevada) There were no direct sales reported.

NORTHWEST (Washington-Oregon-Idaho) 2,000. 83 pct over 600 lbs. 14 pct heifers. Steers: Medium and Large 1-2 Current FOB Delivery 700-800 lbs. $238.50-242 Idaho; 850-900 lbs. $218.50-219. Current Delivery Price 550-600 lbs. $261 Idaho; 600-650 lbs. $258-262 calves Idaho; 800-850 lbs. $235 value added Idaho. Future Delivery Delivered Price 850 lbs. $224-229 for January-February Idaho. Holstein Steers: Large 2-3 Current FOB Delivery 350 lbs. $265 Washington. Heifers: Large 1-2 Current FOB Delivery 700-750 lbs. $235 Idaho.

NORTHWEST DIRECT CATTLE

(USDA Market News)

Moses Lake, Wash.

Dec. 12

This weed Last week Last year

2,000 7,250 480

Compared to last week, stocker and feeder cattle steady to firm even though CME corn prices were higher this week and feedlots are expecting steady to lower prices on slaughter cattle. Trade slow with good demand. The feeder supply included 86 percent steers and 14 percent heifers. Near 83 percent of the supply weighed over 600 lbs. Prices are FOB weighing point with a 1-4 percent shrink or equivalent and with a 5-10 cent slide on calves and a 3-7 cent slide on yearlings. Delivered prices include freight, commissions and other expenses.

Steers: Medium and Large 1-2: Current FOB Delivery: 700-800 lbs. $238.50-242 Idaho; 850-900 lbs. $218.50-219. Current Delivery Price: 550-600 lbs. $261 Idaho; 600-650 lbs. $258-262 calves Idaho; 800-850 lbs. $235 value added Idaho. Future Delivery Delivered Price: 850 lbs. $224-229 for January-February Idaho.

Holstein Steers: Large 2-3: Current FOB Delivery: 350 lbs. $265 Washington.

Heifers: Large 1-2: Current FOB Delivery: 700-750 lbs. $235 Idaho.

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