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National slaughter, feeder and stocker cattle report
2015/1/20 9:17:54 Source: capitalpress Author: 点击率:
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Compared to Jan. 9, feeder cattle and calves over 600 lbs. sold mostly $5-15 lower with instances $20 lower late in the week.

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

Jan. 16

Compared to Jan. 9: Slaughter cattle sold on a live basis $5.50-6 lower in the South Plains. Nebraska dressed cattle traded $5-6 lower. Chicago Board of Trade continued its steep decline this week. Boxed beef prices Jan. 16 averaged $255.65 that is $3.14 higher than Jan. 9. The Choice/Select spread is $9.60. Slaughter cattle on a national basis for negotiated cash trades through Jan. 16 totaled about 16,980 head. The previous week’s total head count was 107,869.

Midwest Direct Markets: Dressed Basis: Steers and Heifers: $264-265.

South Plains Direct Markets: Live Basis: Steers and Heifers 35-65 percent Choice, 1100-1400 lbs. $164-164.50.

Slaughter Cows and Bulls (Average Yielding Prices): Slaughter cows steady to $2 lower. Slaughter bulls steady to weak. USDA’s Cutter cow carcass cut-out value Jan. 16 was $239.87 up $1.88 from Jan. 9.

NATIONAL FEEDER AND STOCKER CATTLE

(Federal-State Market News)

St. Joseph, Mo.

Jan. 16

This week Last week Last year

380,000 259,000 597,900

Compared to Jan. 9, feeder cattle and calves over 600 lbs. sold mostly $5-15 lower with instances $20 lower late in the week. Lighter-weight calves traded unevenly steady to $5 lower for the most part. Live and Feeder Cattle futures this week continued its flush-out mode with bears pretty emboldened as the big money traders in the funds are ruling the day. With the funds heavily involved in the market it brings much risk when they want to vacate their positions.

This has been a market that fluctuates in price and can carry a lot of emotion from one week to the next, and when markets go to the extreme no one wants to be in front of the freight train. The previous week cash and future prices were looking in the opposite direction as feedlot sales were mostly $4-5 higher and the Live Cattle futures lost over $5; the February Live Cattle contract has declined over $10 and the June Live Cattle contract is trading in the $147 range with breakeven much higher than that. This is making the yearling feeder cattle market very uneasy and feeling the pressure and hinting that prices are now descending the back-side of the mountain top. Calf demand remains very good in many areas as farmer buying and backgrounders were active to purchase grazing cattle for spring.

In Russell, Iowa, on Jan. 14 over 400 head of 600-650 lb. steers averaging 621 lbs. sold with a weighted average prices of $274.06 and the 500-550 lb. steer calves averaging 531 lbs. sold at an average of $304.91.

Boxed Beef prices continue to climb this week as choice product closed at $263.81 on Jan. 14, a record high eclipsing the previous record on July 31, 2014, of $263.66. The market has been worried about consumer beef demand for a long time but so far demand has held up as the American consumer has revealed the willingness to pay for meat prices. Waning beef demand warnings cannot be substantiated at this time but there is much competition from other meat proteins and consumer preference will be a key with growing potential for disposable personal incomes bodes well for meat protein spending. The week’s auction volume consisted of 63 percent over 600 lbs. and 39 percent heifers.

AUCTIONS

This week Last week Last year

302,000 195,900 363,700

WASHINGTON 3,700. 80 pct over 600 lbs. 43 pct heifers. Steers: Medium and Large 1-2 450-500 lbs. $258.32; 550-600 lbs. $240; 600-650 lbs. $236.24; 650-700 lbs. $234.13; 700-750 lbs. $201.43; 750-800 lbs. $201.63; 800-850 lbs. $202.22; 850-900 lbs. $197; pkg 915 lbs. $198.50. Heifers: Medium and Large 1-2 500-550 lbs. $247.55; 600-650 lbs. $226.84; 750-800 lbs. $191.01.

DIRECT

This week Last week Last year

30,100 53,100 97,600

SOUTHWEST (Arizona-California-Nevada) 4,700. No cattle over 600 lbs. No heifers. Holsteins: Large 3 Del Current 275 lbs. $330; February 300 lbs. $330; March 300 lbs. $330; May 300 lbs. $307.

NORTHWEST (Washington-Oregon-Idaho) 3,400. 79 pct over 600 lbs. 30 pct heifers. Current Delivered Price 550-600 lbs. $245 Idaho; 800-850 lbs. $208-225.50 Idaho; 900-950 lbs. $210 Idaho; Future FOB Price 500-550 lbs. $257 for December Idaho; 600-700 lbs. $220.50-245 calves for November-December Idaho. Heifers: Medium and Large 1-2 Current Delivered Price 550-600 lbs. $239 Idaho; 750-800 lbs. $217-217.50 Idaho; 800-850 lbs. $200-206 Idaho; Future FOB Price 600-650 lbs. $238.50-239 calves for December Idaho.

NORTHWEST DIRECT CATTLE

(USDA Market News)

Moses Lake, Wash.

Jan. 16

This weed Last week Last year

3,350 3,950 2,450

Compared to Jan.9: Stocker and feeder cattle steady to firm in a light test. Trade remains slow with light to moderate demand. Buyers are cautiously watching the futures with the CME expanding the trading limits on Live Cattle contracts to $4.50, and on Feeder Cattle contracts to $6.75. Also the slaughter cattle finished the week at $165 live. The feeder supply included 70 percent steers and 30 percent heifers. Near 79 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 Delivered Price: 550-600 lbs. $245 Idaho; 800-850 lbs. $208-225.50 Idaho; 900-950 lbs. $210 Idaho. Future FOB Price: 500-550 lbs. $257 for December Idaho; 600-700 lbs. $220.50-245 calves for November-December Idaho.

Heifers: Medium and Large 1-2: Current Delivered Price: 550-600 lbs. $239 Idaho; 750-800 lbs. $217-217.50 Idaho; 800-850 lbs. $200-206 Idaho. Future FOB Price: 600-650 lbs. $238.50-239 calves for December Idaho.

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