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Daily Midwest Livestock Summary
AMARILLO - Oct 10/08 - 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 mostly
light in all feeding regions with light demand. Compared to Wednesday, a few
live sales in Iowa/Minnesota sold steady to 1.00 lower. Compared to last week
dressed sales in Colorado sold sharply lower trending mostly 12.00 lower. Not
enough sales reported in all other areas to establish a market trend. Steers:
Live basis: (all Grades: 2,460 head) 85.00-90.00, weight average price 87.14.
Dressed basis; (all Grades: 759 head) 135.00-140.00, weighted average 136.12.
Heifers: Live basis; (all Grades: 1,079 head) 88.00-90.00, weight average price
89.42. Dressed Basis; (all Grades: 3,217 head) 136.00-140.00, weight average
price 139.54.
For the week - Trade was fully established on Wednesday with mostly moderate
demand. Live sales in the Southern Plains sold 4.00-5.00 lower from 91.00-
93.00. Dressed sales in Kansas sold 6.00 lower from 146.00-147.00. Live sales
in Nebraska sold mostly 3.00 lower from 90.00-94.00, mostly 91.00. Live sales
in Iowa/Minnesota sold 5.00 lower from 88.00-89.00. Dressed sales in Colorado
sold 12.00 lower at 140.00. Dressed sales in Nebraska and the Western Cornbelt
sold mostly 6.00-8.00 lower from 138.00-142.00.
Auction Markets:
New Holland, PA - New Holland Sales Stables on Thursday
When compared to last Thursday's sale, a light test of slaughter steers sold
sharply lower. High Choice and Prime steers sold 5.00 lower, Choice steers sold
3.00-5.00 lower. Heifers were only lightly tested.
Slaughter Steers: High Choice and Prime 2-3 1165-1468 lbs 87.50-89.25, few
to 90.00; full/YG 4-5 85.75-87.00. Choice 2-3 1130-1495 lbs 86.50-88.00. High
Select and low Choice 2-3 1063-1420 lbs 83.75-86.50.
Slaughter Heifers: Choice 2-3 1150-1500 lbs 86.75-88.50. High Select and
low Choice 2-3 920-1250 lbs 71.00-72.50.
USDA ESTIMATED BOXED BEEF CUT-OUT VALUES
CHOICE SELECT
600-900 600-900
--------------------------------------------------------------------------------
Current Cutout Values: 149.51 143.24
Change from prior day: (0.66) (0.65)
--------------------------------------------------------------------------------
Choice/Select spread: 6.27
Total Load Count (Cuts, Trimmings, Grinds): 231
--------------------------------------------------------------------------------
The average live weight of cattle slaughtered in the Texas Panhandle for the
week ending 10-04-2008 was 1286 lbs with 32 percent heifers compared to 1276
lbs and 41 percent heifers the previous week and 1271 lbs and 42 percent heifers
the same week a year ago.
CATTLE Slaughter under Federal Inspection
Friday (est) 122,000 Saturday (est) 30,000
Week ago (est) 108,000 Week ago (est) 20,000
Year ago (act) 114,000 Year ago (act) 21,000
Week to date (est) 620,000 Week to date (est) 650,000
Same Period Last Week (est) 610,000 Same Period Last Week (est) 630,000
Same Period Last Year (act) 617,000 Same Period Last Year (act) 639,000
CME Futures Closes for Live Cattle:
Month Close Change Month Close Change
Oct 89.12 - 3.00 Apr 92.45 - 3.00
Dec 91.30 - 3.00 Jun 89.90 - 3.00
Feb 91.82 - 3.00 Aug 90.87 - 3.00
New Holland, PA - New Holland Sales Stables on Thursday
Slaughter cows sold 1.00-2.00 lower.
Percent Lean Avg. Dressing High Dressing Low Dressing
Premium White 65-75 59.00-61.00 few to 63.50 -----------
Breakers 75-80 56.00-59.00 59.50-61.50 49.50-53.00
Boners 80-85 49.00-54.00 53.00-55.00 47.00-50.50
Lean 88-90 46.50-50.00 up to 52.00 38.50-46.50
USDA ESTIMATE CUTTER COW CARCASS CUT-OUT VALUE
Cutter 90%
350#/up
--------------------------------------------------------------------------------
Current-Cutout Value: $121.31
Change from prior day: ($1.57)
--------------------------------------------------------------------------------
Pratt Livestock Feeder Cattle Auction, Pratt KS Close on Thursday
Receipts: 426 Last week: 1404 Last year: 2334
Compared with last week: Steers and heifers, all weights, not enough for a
market test with much lower undertone noted.
Feeder steers: Medium and Large 1 fleshy 16 head 704 lbs 94.00; full 7 head
813 lbs 90.00. Medium and Large 1-2 5 head 569 lbs 94.00. Medium and Large 2
fleshy 9 head 564 lbs 84.00; 12 head 689 lbs 78.00; 11 head 725 lbs 70.00.
Large 2 6 head 1026 lbs 79.00.
Feeder heifers: Medium and Large 1 5 head 509 lbs 95.00; 5 head 840 lbs
86.50. Fleshy 5 head 598 lbs 81.00. Medium and Large 1-2 350-400 lbs 96.00-
98.00 (97.59). Fleshy 450-500 lbs 81.00-85.00 (82.48); 600-650 lbs 80.00; 9
head 724 lbs 75.00; 16 head 1047 lbs 80.50. Medium and Large 2 fleshy 22 head
574 lbs 75.00.
CME Future Closes for Feeder Cattle:
Month Close Change Month Close Change
Oct 95.45 - 3.00 Mar 96.40 - 3.00
Nov 95.05 - 3.00 Apr 97.10 - 3.00
Jan 95.05 - 3.00 May 97.50 - 3.00
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 1.03 lower at 54.00-69.86,
weighted average 62.84. Iowa-Minnesota 1.35 lower at 54.00-66.69, weighted
average 63.73. Western Cornbelt 1.37 lower at 54.00-69.86 weighted average
63.78 and Eastern Cornbelt .48 higher at 55.00-63.51, weighted average 61.50.
Live Basis (240-280 lbs): National direct barrows and gilt 1.11 lower at
41.82-53.50 weighted average 48.67. Iowa-Minnesota 1.67 lower at 41.82-51.52,
weighted average 48.28. Western Cornbelt 1.86 lower at 41.82-51.52, weighted
average 48.10. Eastern Cornbelt .30 higher at 43.02-53.50, weighted average
49.77.
For the week: Barrows and gilts in the National, Iowa-Minnesota, Western and
Eastern Cornbelt sold 4.37 lower.
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
-----------------------------------------------------------------------
10/10 50.0 68.58 90.25 71.21 49.12 90.80 57.36 75.98
Change : -0.25 -2.32 1.63 1.38 0.60 0.11 unc
-----------------------------------------------------------------------
HOG Slaughter under Federal Inspection
Friday (est) 432,000 Saturday (est) 212,000
Week ago (est) 423,000 Week ago (est) 173,000
Year ago (act) 417,000 Year ago (act) 245,000
Week to date (est) 2,163,000 Week to date (est) 2,375,000
Same Period Last Week (est) 2,150,000 Same Period Last Week (est) 2,323,000
Same Period Last Year (act) 2,095,000 Same Period Last Year (act) 2,340,000
CME Futures Closes for Lean Hogs:
Month Close Change Month Close Change
Oct 66.00 - .97 Apr 70.25 - 2.10
Dec 59.87 - 1.25 May 76.60 - 2.00
Feb 64.97 - 1.57 Jun 79.15 - 2.65
SHEEP
Direct Markets:
Eastern Cornbelt Direct Sheep Weekly Report
Total sheep and lamb sales: 946 Last week: 939 Year ago: 600
Compared to last week, slaughter lambs sold mostly 2.00 higher.
Wooled Slaughter Lambs: Choice and Prime 2-3: 90-110 lbs 89.50-93.00; 110-130
lbs 91.00. Good and Choice 1-2: 60-90 lbs 112.00.
NATIONAL DAILY LAMB CARCASS REPORT
Compared to last week: Carcass Lamb .84-6.74 lower.
DAILY CHOICE AND PRIME, YG 1-4 Head 1,874
Weight Head Wt Avg
45-DN 49 268.92
45-55# 151 241.45
55-65# 703 224.94
65-75# 466 223.83
75-85# 416 223.82
85-UP 89 221.18
* SAT-FRI CHOICE AND PRIME, YG 1-4 Head 10,995
Weight Head Wt Avg
45-DN 381 250.07
45-55# 717 238.36
55-65# 3,190 228.89
65-75# 3,452 226.19
75-85# 2,587 224.14
85-UP 668 219.39
SHEEP Slaughter under Federal Inspection
Friday (est) 8,000 Saturday (est) 0
Week ago (est) 8,000 Week ago (est) 0
Year ago (act) 9,000 Year ago (act) 1,000
Week to date (est) 46,000 Week to date (est) 46,000
Same Period Last Week (est) 48,000 Same Period Last Week (est) 48,000
Same Period Last Year (est) 50,000 Same Period Last Year (act) 50,000
GOATS
Direct Markets:
Eastern Cornbelt Direct Goats Weekly Report
Slaughter goats sold steady to 5.00 higher.
Slaughter Goats (cwt.): Kids: Selection 1: 40-60 lbs 115.00. Selection 2: 40-
60 lbs 105.00-110.00.
Auction Markets:
South Carolina Weekly Auctions
Goats: Receipts 301. Goats sold per head basis. Weights are estimated.
Slaughter Kids: Selection 1 20-40 lbs 32.00-43.00, 40-60 lbs 40.00-52.50, 60-80
lbs 50.00-77.50; Selection 2 Under 20 lbs 14.00-19.00, 20-40 lbs 25.00-32.50.
Yearlings: Selection 1 40-60 lbs 42.50-59.00; Selection 2 40-60 lbs 32.00-45.00;
Selection 3 40-60 lbs 24.00-34.00.
Source: USDA-TX Dept of Ag Market News, Amarillo, TX
---
STAT News Service
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