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Daily Midwest Livestock Summary
AMARILLO - Mar 19/10 - 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; Thus far for today,
Trade was moderate on moderate to good demand in Nebraska and Colorado with live
sale trading 3.00 to 4.00 higher and dressed sales 7.00 to 8.00 higher. Trading
in other areas including Kansas and the Western Cornbelt were slow while the
Texas Panhandle was inactive at this report deadline, there were not enough
sales in the other areas to establish an accurate market trend. Steers: Live
basis; (all Grades: 6,820 head) 93.00-96.00, weighted average 95.54. Dressed
basis; (all Grades: 13,908 head) 150.00-155.00, weighted average 153.49.
Heifers: Live basis; (all Grades: 6,409 head) 92.00-96.00, weighted average
95.66. Dressed Basis; (all Grades: 9,053 head) 151.00-155.00, weighted average
153.49.
For the week: Although no trade had occurred so far in the Texas Panhandle,
the other areas reported live sales 3.00-4.00 higher and dressed sales 5.00 to
8.00 higher for the week, but with only limited trading of live sales in Kansas.
Auction Markets:
Sheldon, IA Slaughter Cattle Auction Thu Mar 18, 2010
Receipts: 415 Last Week: 378 Year Ago: 337
Compared to last week, slaughter steers and heifers sold 2.50 to 3.50 higher.
Slaughter Steers: Choice 2-3: 1217-1491 lbs 90.00-95.00. Select and Choice
2-3: 1525-1651 lbs 81.75-85.00
Slaughter Heifers: Choice 2-3: 1120-1320 lbs 88.00-94.25.
USDA ESTIMATED BOXED BEEF CUT-OUT
CHOICE SELECT
600-900 600-900
--------------------------------------------------------------------------------
Current Cutout Values: 156.64 155.00
Change from prior day: 1.77 2.02
--------------------------------------------------------------------------------
Choice/Select spread: 1.64
Total Load Count (Cuts, Trimmings, Grinds): 189
--------------------------------------------------------------------------------
The average live weight of cattle slaughtered in the Texas Panhandle for the
week ending 03-13-2010 was 1214 lbs with 39 percent heifers compared to 1214 lbs
and 38 percent heifers the previous week and 1255 lbs and 35 percent heifers the
same week a year ago.
CATTLE Slaughter under Federal Inspection
Friday (est) 106,000 Saturday (est) 12,000
Week ago (est) 117,000 Week ago (est) 16,000
Year ago (act) 119,000 Year ago (act) 8,000
Week to date (est) 604,000 Week to date (est) 616,000
Same Period Last Week (est) 602,000 Same Period Last Week (est) 618,000
Same Period Last Year (act) 611,000 Same Period Last Year (act) 618,000
CME Futures Closes for Live Cattle:
Month Close Change Month Close Change
Apr 97.97 + .45 Oct 94.45 - .02
Jun 95.12 - .05 Dec 96.40 + .12
Aug 92.47 - .10 Feb 97.22 + .07
New Holland Sales Stables Auction Report for Thursday, March 18, 2010
When compared to last week`s sale, slaughter cows sold 1.00-1.50 higher.
Slaughter Cows:
Percent Lean Avg. Dressing High Dressing Low Dressing
Premium White 65-75 55.00-58.00 59.00-61.00 51.00-53.50
Breakers 75-80 53.00-55.00 55.00-59.00 -----------
Boners 80-85 49.50-52.50 53.00-54.00 46.50-48.00
Lean 88-90 45.00-49.00 49.50-51.00 40.00-44.00
USDA ESTIMATE CUTTER COW CARCASS CUT-OUT VALUE
Cutter 90%
350#/up
--------------------------------------------------------------------------------
Current-Cutout Value: $120.91
Change from prior day: ($0.50)
--------------------------------------------------------------------------------
Farmers & Ranchers Livestock Commission Co., Salina Kansas Close on 03/18/2010
Receipts: 3960 Last Week: 2763 Year Ago: 4003
Compared to last week: Steers 400-700 lbs steady to 3.00 higher; 700-1000 lbs
steady to 1.00-4.00 higher. Heifers 500-1000 lbs 1.00-4.00 higher.
Feeder Steers (Figures in parentheses are weighted average prices.) Medium
and Large 1: 400-450 lbs 131.00-136.00 (132.30); 450-500 lbs 128.00-135.00
(132.51); 500-550 lbs 131.50-135.00 (133.31); 550-600 lbs 123.00-127.00
(125.04); 600-650 lbs 118.00-123.50 (120.52); 650-700 lbs 110.50-116.50
(113.79); 700-750 lbs 109.00-110.00 (109.21); 750-800 lbs 104.25-109.00
(106.33); 800-850 lbs 98.00-102.25 (100.28); 850-900 lbs 96.60-98.00 (97.14);
900-950 lbs 96.00-98.00 (97.25); 950-1000 lbs 95.75-96.75 (96.33). Medium and
Large 1-2: 400-450 lbs 122.00-126.50 (124.83); 450-500 lbs 122.00-126.00
(124.83); 500-550 lbs 123.00-126.00 (124.89); 550-600 lbs 116.00-122.50
(120.30); 600-650 lbs 110.00-116.00 (114.08); 650-700 lbs 104.00-108.50
(106.59); 700-750 lbs 102.00-108.50 (107.24); 10 head 762 lbs 101.00-102.25
(101.88); 10 head 833 lbs 97.50; 850-900 lbs 93.50-97.85 (96.97); 10 head 907
lbs 94.60. Medium and Large 2: 5 head 517 lbs 120.00; 550-600 lbs 114.75-115.00
(114.89); 6 head 644 lbs 109.00; 16 head 910 lbs 85.00.
Feeder Heifers (Figures in parentheses are weighted average prices.) Medium
and Large 1: 500-550 lbs 113.50-114.50 (113.72); 550-600 lbs 108.00-113.00
(109.78); 600-650 lbs 104.75-108.00 (105.67); 650-700 lbs 100.00-102.50
(101.43); 700-750 lbs 96.25-100.00 (97.58); 750-800 lbs 95.00-96.00 (95.54);
800-850 lbs 94.00-95.50 (94.62); 850-900 lbs 92.50-94.50 (93.60); 900-950 lbs
90.00-92.00 (90.98); 950-1000 lbs 89.50-90.00 (89.92). Medium and Large 1-2:
400-450 lbs 112.00-114.00 (113.38); 450-500 lbs 112.00-114.00 (113.14); 500-550
lbs 107.50-112.00 (110.19); 550-600 lbs 104.00-107.75 (106.18); 600-650 lbs
98.00-103.75 (101.71); 650-700 lbs 95.00-99.00 (97.65); 700-750 lbs 93.00-98.00
(95.25); 750-800 lbs 91.50-94.75 (93.54); 800-850 lbs 89.00-93.85 (92.42); 850-
900 lbs 88.75-90.00 (88.88); 5 head 944 lbs 89.50. Medium and Large 2: 400-450
lbs 111.00; 450-500 lbs 107.50-108.35 (108.15); 550-600 lbs 101.00-103.50
(102.98).
CME Future Closes for Feeder Cattle:
Month Close Change Month Close Change
Mar 104.80 + .17 Aug 111.02 + .65
Apr 108.67 + .80 Sep 110.72 + .92
May 110.37 + .85 Oct 109.52 - .20
HOGS
Direct Trade:
Dressed Basis: 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 .01 higher with prices ranging from 59.25-70.27, weighted average
price 68.24. Iowa-Minnesota 0.11 lower at 61.00-70.00, weighted average price
68.55. Western Cornbelt 0.02 lower at 59.25-70.00, weighted average price
68.59. Eastern Cornbelt 0.34 higher at 62.50-70.27, weighted average price
67.58.
Live Basis (240-280 lbs): National direct barrows and gilts 0.19 lower at
49.60-55.00, weighted average 52.67. Iowa-Minnesota 1.08 higher at 49.60-55.00,
weighted average 53.25. Western Cornbelt 1.22 higher at 49.60-55.00, weighted
average 53.22. Eastern Cornbelt 1.23 lower at 50.21-53.00, weighted average
52.24.
For the week: National Direct barrow and gilt prices 2.36 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
-----------------------------------------------------------------------
03/19 51.00 73.82 85.42 76.02 51.24 117.03 68.59 88.90
Change : 1.14 0.36 -0.26 0.13 2.13 3.97 -0.16
------------------------------------------------------------------------
HOG Slaughter under Federal Inspection
Friday (est) 425,000 Saturday (est) 45,000
Week ago (est) 413,000 Week ago (est) 84,000
Year ago (act) 418,000 Year ago (act) 45,000
Week to date (est) 2,121,000 Week to date (est) 2,166,000
Same Period Last Week (est) 2,048,000 Same Period Last Week (est) 2,132,000
Same Period Last Year (act) 2,114,000 Same Period Last Year (act) 2,158,000
CME Futures Closes for Lean Hogs:
Month Close Change Month Close Change
Apr 73.35 + .47 Jul 83.15 - .17
May 79.90 - .10 Aug 82.10 + .02
Jun 82.57 - .35 Oct 71.70 - .30
SHEEP
Auction Markets:
Slaughter lambs not tested.
Direct Markets:
Eastern Cornbelt Direct Sheep Weekly Report
(includes lambs sold in IL.,IN.,OH.,MI.)
Total sheep and lamb sales: 428 Last Week: 409 Year ago: 386
Compared to last week, slaughter lambs traded steady to 2.00 lower.
Wooled Slaughter Lambs: Choice and Prime 2-3: 90-110 lbs 130.00. Good and
Choice 1-2: 30-60 lbs 175.00; 60-90 lbs 150.00.
NATIONAL DAILY LAMB CARCASS REPORT
Negotiated sales for delivery within 14 calendar days,
FOB Plant basis.
Compared to last week: Carcasses higher, with 55#'s and
down trending higher; 55-85#'s 3.38-3.96 higher; 85#'s
and up trending 2.88 higher.
DAILY CHOICE AND PRIME, YG 1-4 Head 901
Weight Head Wt Avg
45-DN 53 367.91
45-55# 88 270.23
55-65# 187 256.85
65-75# 277 229.97
75-85# 247 226.60
85-UP 49 221.69
* SAT-FRI CHOICE AND PRIME, YG 1-4 Head 14,174
Weight Head Wt Avg
45-DN 243 310.76
45-55# 409 271.49
55-65# 1,832 246.34
65-75# 4,663 225.83
75-85# 5,264 220.28
85-UP 1,763 213.26
SHEEP Slaughter under Federal Inspection
Friday (est) 10,000 Saturday (est) 4,000
Week ago (est) 9,000 Week ago (est) 4,000
Year ago (act) 9,000 Year ago (act) 2,000
Week to date (est) 51,000 Week to date (est) 55,000
Same Period Last Week (est) 48,000 Same Period Last Week (est) 52,000
Same Period Last Year (est) 47,000 Same Period Last Year (act) 48,000
GOATS
Direct Markets:
Eastern Cornbelt Direct Goats
Compared to last week, slaughter goats traded steady.
Slaughter Goats (cwt.): Kids: Selection 1: 40-60 lbs 155.00. Selection 2:
40-60 lbs 150.00. Yearlings: Not tested.
Auction Markets:
South Carolina Weekly Auctions
Goats: Receipts 273. Goats sold per head basis. Weights are estimated.
Kids: Selection 1 Under 20 lbs 30.00-42.50, 20-40 lbs 45.00-60.00, 40-60 lbs
60.00-77.50, 60-80 lbs 90.00-100.00. Selection 2 20-40 lbs 37.50-47.50, 40-60
lbs 50.00-60.00, 60-80 lbs 70.00-80.00. Yearlings: Selection 1 60-80 lbs 92.50-
130.00. Selection 2 60-80 lbs 77.50-90.00.
Source: USDA-TX Dept of Ag Market News, Amarillo, TX
---
STAT News Service
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