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Daily Midwest Livestock Summary
AMARILLO - Sep 5/08 - SNS -- Market conditions for cattle, hogs and
lambs in the major markets in the U.S. midwest are summarized in the latest daily report from the USDA.
Daily Livestock Summary
CATTLE
Direct Trade:
In the direct slaughter cattle trade in the Five Major Marketing Areas,
Texas/Oklahoma; Kansas; Nebraska; Colorado; Iowa/Minnesota. Trading was
moderate to active in the South Plains with moderate to good demand. Compared
to last week live sales in the South Plains sold steady. Dressed sales in
Kansas sold steady. Trading was light to moderate in the Northern Plains with
moderate demand. Compared to last week lives sales in Colorado sold mostly
steady. Nebraska live sales sold mostly 1.00 lower and dressed sold 1.00-2.00
lower. Iowa/Minnesota live sales sold steady to .50 lower and dressed sales
steady to 2.00 lower. Steers: Live basis: (all Grades: 37,585 head) 94.00-
99.50, weighted average price 98.79. Dressed basis; (all Grades: 8,237 head)
152.00-156.50, weighted average price 154.93. Heifers: Live basis; (all Grades:
35,189 head) 95.00-99.50, weighted average prices 98.87. Dressed Basis; (all
Grades: 5,135 head) 153.00-156.00, weighted average price 155.38.
For the week: Trading was moderate to active in the South Plains with moderate
to good demand. Compared to last week live sales in the South Plains sold
steady at 99.00. Dressed sales in Kansas sold steady at 156.00. Trading was
light to moderate in the Northern Plains with moderate demand. Compared to last
week lives sales in Colorado sold mostly steady at 99.00. Nebraska live sales
sold mostly 1.00 lower from 98.00-98.50 and dressed sales 1.00-2.00 lower from
154.00-155.00. Iowa/Minnesota live sales were steady to .50 lower at 97.00-
97.50 and dressed sold steady to 2.00 lower at 153.00-155.00.
Auction Markets:
New Holland, PA - New Holland Sales Stables on Thursday
Compared to last week: Slaughter steers sold 1.00 lower. Slaughter heifers sold
2.00 in a light market test. Slaughter Steers: High Choice and Prime 2-3: 1193-
1535 lbs 95.00-98.25, few 98.75-99.00; full/YG 4-5: 92.00-93.50; 1550-1585 lbs
93.50-94.50. Choice 2-3: 1160-1485 lbs 92.00-95.00. High Select and low Choice
2-3: 1090-1440 lbs 90.00-92.00. Slaughter Heifers: High Choice and Prime 2-3:
1135-1330 lbs 93.00-95.25. Choice 2-3: 1115-1370 lbs 91.00-93.00.
USDA ESTIMATED BOXED BEEF CUT-OUT VALUES
CHOICE SELECT
600-900 600-900
--------------------------------------------------------------------------------
Current Cutout Values: 158.30 152.05
Change from prior day: (0.11) 0.05
--------------------------------------------------------------------------------
Choice/Select spread: 6.25
Total Load Count (Cuts, Trimmings, Grinds): 341
--------------------------------------------------------------------------------
The average live weight of cattle slaughtered in the Texas Panhandle for the
week ending 08-30-2008 was 1261 lbs with 39 percent heifers compared to 1266
lbs and 35 percent heifers the previous week and 1263 lbs and 38 percent heifers
the same week a year ago.
CATTLE Slaughter under Federal Inspection
Friday (est) 127,000 Saturday (est) 76,000
Week ago (est) 128,000 Week ago (est) 43,000
Year ago (act) 129,000 Year ago (act) 87,000
Week to date (est) 514,000 Week to date (est) 590,000
Same Period Last Week (est) 637,000 Same Period Last Week (est) 680,000
Same Period Last Year (act) 519,000 Same Period Last Year (act) 606,000
CME Futures Closes for Live Cattle:
Month Close Change Month Close Change
Oct 102.95 - .35 Apr 106.12 - .20
Dec 104.95 - .35 Jun 102.52 - .57
Feb 105.80 - .30 Aug 104.97 - .52
New Holland, PA - New Holland Sales Stables on Thursday
Compared to last week: Slaughter cows sold firm.
Percent Lean Avg. Dressing High Dressing Low Dressing
Premium White 65-75 68.00-72.00 72.00-72.50 -----------
Breakers 75-80 64.00-68.00 68.00-69.00 61.00-63.00
Boners 80-85 60.00-64.00 64.00-65.00 57.00-60.00
Lean 88-90 56.00-60.00 60.00-62.00 52.00-56.00
USDA ESTIMATE CUTTER COW CARCASS CUT-OUT VALUE
Cutter 90%
350#/up
--------------------------------------------------------------------------------
Current-Cutout Value: $138.15
Change from prior day: ($1.36)
--------------------------------------------------------------------------------
Pratt Livestock Feeder Cattle Auction, Pratt KS Close on Thursday
Receipts: 2907 Last week: 5789 Last year: 2590
Compared with last week: Feeder steers 700-850 lbs 2.00-3.00 higher, 850-1000
lbs steady to 2.00 higher; heifers 650-800 lbs weak to 2.00 lower; 800-950 lbs
firm to 1.00 higher. Steers under 700 lbs and heifers under 650 lbs not enough
for a market test, but a higher undertone noted.
Feeder Steers: Medium and Large 1: 25 head 309 lbs 149.50;69 head 360 lbs
143.50; 21 head 416 lbs 132.50;7 head 686 lbs 117.00; 700-750 lbs 116.60-117.25
(117.02); 750-800 lbs 114.25-115.50 (115.27); 800-850 lbs 113.85-116.10
(115.45); 850-900 lbs 109.25-113.85 (111.75); 900-950 lbs 108.60-109.75
(109.13); 950-1000 lbs 106.10-106.75 (106.29); 55 head 1016 lbs 104.00. Fleshy
25 head 659 lbs 115.25; 17 head 714 lbs 112.00; 43 head 795 lbs 113.85; 14 head
830 lbs 112.75; 950-1000 lbs 101.00-102.00 (101.36).
Feeder Heifers: Medium and Large 1: 59 head 290 lbs 127.00; 51 head 359 lbs
125.00; 700-750 lbs 106.50-108.10 (107.10); 750-800 lbs 106.00-107.25 (106.69);
800-850 lbs 106.25-107.00 (106.76); 900-950 lbs 101.00-103.10 (102.17). Fleshy
650-700 lbs 103.00-106.00 (104.55); 700-750 lbs 103.50-106.50 (105.65); 750-800
lbs 103.00-104.50 (103.17); 12 head 856 lbs 103.00.
CME Future Closes for Feeder Cattle:
Month Close Change Month Close Change
Sep 111.12 + .35 Jan 110.27 + .40
Oct 110.67 + .30 Mar 110.47 + .47
Nov 110.22 + .25 Apr 110.05 + .10
HOGS
Direct Trade:
Dressed Basis: The direct hog trade prices are based on 185 lbs hog carcass
with 0.9-1.1 inch back fat and 6 inch square loin/2.0 inch depth plant
delivered. National direct trade barrows and gilts 1.13 higher at 63.00-75.00,
weighted average 72.03. Iowa-Minnesota 1.13 higher at 63.00-75.00, weighted
average 73.04. Western Cornbelt 1.23 higher at 63.00-75.00, weighted average
73.06 and Eastern Cornbelt .43 higher at 66.56-73.49, weighted average 69.77.
Live Basis (240-280 lbs): National direct barrows and gilt .18 lower at
49.87-64.28, weighted average 55.24. Iowa-Minnesota .60 lower at 50.65-57.00,
weighted average 55.11. Western Cornbelt .33 lower at 50.43-64.28, weighted
average 55.33. Eastern Cornbelt 1.49 higher at 49.87-57.00, weighted average
55.09.
For the week: Barrows and gilts in the National, Iowa-Minnesota, Western and
Eastern Cornbelt sold 2.23 higher.
USDA ESTIMATED PORK CARCASS CUTOUT
Calculations for a 200 lb Pork Carcass
53-54% lean, 0.65"-0.80" backfat at last rib
-----------------------------------------------------------------------
Total Today's Primal Cutout Values
Date Loads Carcass Loin Butt Pic Rib Ham Belly
-----------------------------------------------------------------------
09/05 74.0 77.27 96.19 84.39 63.18 92.22 72.14 77.50
Change : 0.07 -1.01 1.00 1.39 2.44 -0.18 0.08
-----------------------------------------------------------------------
HOG Slaughter under Federal Inspection
Friday (est) 430,000 Saturday (est) 334,000
Week ago (est) 415,000 Week ago (est) 77,000
Year ago (act) 404,000 Year ago (act) 274,000
Week to date (est) 1,721,000 Week to date (est) 2,055,000
Same Period Last Week (est) 2,141,000 Same Period Last Week (est) 2,218,000
Same Period Last Year (act) 1,658,000 Same Period Last Year (act) 1,932,000
CME Futures Closes for Lean Hogs:
Month Close Change Month Close Change
Oct 69.42 + .40 Apr 81.92 - .45
Dec 68.17 - .22 May 86.97 - .32
Feb 76.12 - .10 Jun 89.97 - .62
SHEEP
Direct Markets:
Eastern Cornbelt Direct Sheep Weekly Report
Total sheep and lamb sales: 897 Last week: 876 Year ago: 787
Compared to last week: Slaughter lambs steady to firm. Wooled Slaughter Lambs:
Choice and Prime 2-3: 90-110 lbs 90.00; 110-130 lbs 92.75. Good and Choice 1-2:
60-90 lbs 108.00.
Auction Markets:
St. Onge-Newell Sheep Yards - Newell, SD Close on Thursday
Receipts: 1822 Last Week: 1203 Year Ago: 2789
No recent comparison on slaughter lambs. Slaughter Lambs Shorn Good 1-2: 90 lbs
blackface 83.50. Slaughter Lambs Wooled Good and Choice 1-2: 57 lbs 96.00; 66-
67 lbs 93.50-93.75; 96 lbs 86.50; 134 lbs 89.25.
NATIONAL DAILY LAMB CARCASS REPORT
Compared to last week: Carcass lamb .02-3.56 lower.
DAILY CHOICE AND PRIME, YG 1-4 Head 1,404
Weight Head Wt Avg
45-DN 52 288.14
45-55# 149 244.55
55-65# 578 231.35
65-75# 354 223.86
75-85# 155 218.14
85-UP 116 210.00
* SAT-FRI CHOICE AND PRIME, YG 1-4 Head 9,440
Weight Head Wt Avg
45-DN 389 268.85
45-55# 539 246.94
55-65# 2,598 232.22
65-75# 2,551 227.83
75-85# 2,215 225.75
85-UP 1,148 218.49
SHEEP Slaughter under Federal Inspection
Friday (est) 9,000 Saturday (est) 1,000
Week ago (est) 8,000 Week ago (est) 0
Year ago (act) 9,000 Year ago (act) 1,000
Week to date (est) 39,000 Week to date (est) 40,000
Same Period Last Week (est) 44,000 Same Period Last Week (est) 44,000
Same Period Last Year (est) 40,000 Same Period Last Year (act) 42,000
GOATS
Direct Markets:
Eastern Cornbelt Direct Goats Weekly Report
Compared to last week: Slaughter kids sold steady to 5.00 higher. Slaughter
Goats (cwt.): Kids: Selection 1: 40-60 lbs 110.00. Selection 2: 40-60 lbs
105.00-110.00.
Auction Markets:
South Carolina Weekly Auctions
Goats: Receipts 247. Goats sold per head basis. Slaughter and Replacement
classes. Weights are estimated. Kids: Selection 1 Under 20 lbs 19.00-26.00,
20-40 lbs 30.00-38.00, 40-60 lbs 47.00-59.00; Selection 2 20-40 lbs 22.50-30.00;
Selection 3 20-40 lbs 15.00-23.00.
Source: USDA-TX Dept of Ag Market News, Amarillo, TX
---
STAT News Service
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