Market Summary – Week of Feb 2, 2012


Mississippi Auction Markets
Weight Steers Heifers Slaughter Cows, Bulls, and Replacements
300-350 $190 $200 $171 $180 Boning (80-85% lean) $74 $82
350-400 $190 $200 $171 $180 Boning (high-yielding) $82 $93
400-450 $180 $190 $160 $170 Lean $70 $77
450-500 $170 $180 $155 $160 Bulls, YG 1-2, <1,500 lbs $80 $89
500-550 $160 $170 $140 $155 Bulls, YG 1-2, >1,500 lbs $85 $99
550-600 $155 $160 $140 $155
600-650 $145 $155 $136 $145 Sm/Mdm Cow-Calf Pairs $850 $1,200
650-700 $145 $155 $136 $145 Mdm/Lg Cow-Calf Pairs $1,000 $1,400
700-750 $140 $150 $126 $139 Sm/Mdm Replacements $600 $1,000
750-800 $140 $150 $126 $139 Mdm/Lg Replacements $900 $1,300
Volume: vs Last Week vs Last Year
<600 -14.4% -1.3%
>600 -1.1% 32.7%
Sltr Cows 28.6% -17.1%
Replace. 58.2% 16.6%
Note: Steer and heifer prices are for medium and large frame, numbers 1-2.
Source: USDA Agricultural Marketing Service


Futures Prices
Month Live Cattle Change* Feeder Cattle Change* Corn Change* Soybeans Change*
Feb $123.70 -1.08
Mar $154.43 -0.17 $6.43 +0.002 $12.32 +0.133
Apr $127.40 -1.03 $157.00 +0.18
May $158.38 +0.72 $6.49 +0.010 $12.41 +0.135
Jun $126.90 -0.30
Jul $6.55 +0.033 $12.51 +0.130
Aug $128.85 -0.05 $159.75 +0.80 $12.33 -0.067
Sep $159.38 +0.47 $6.04 +0.125 $12.28 -0.022
Oct $132.35 +0.63 $159.40 +0.55
Nov $159.40 +0.60 $12.35 +0.150
Dec $133.15 +0.60 $5.81 +0.093
Jan $159.10 $12.42 +0.125
Source: Chicago Mercantile Exchange and Chicago Board of Trade.
*Change from last Friday’s close.

Price and Production Summary
This Week Last Week Last Year
5-Area Fed Steer Price
   Live $ 123.77 $ 123.00 $ 105.77
   Dressed $ 200.00 N/Q $ 170.08
OKC Feeder Cattle Prices
   7.5-8 wt M&L #1 steer $ 178.41 $ 148.14 $ 122.82
   5-5.5 wt M&L #1 steer $ 183.34 $ 176.33 $ 141.31
BBCV (weekly avg.)
   600-900 lb Choice cutout $ 183.34 $ 184.26 $ 172.40
   600-900 lb Select cutout $ 178.41 $ 179.01 $ 170.87
   Choice Rib Value $ 252.32 $ 252.03 $ 240.61
   Choice Chuck Value $ 157.16 $ 159.64 $ 156.44
Other Livestock Prices
   Barrows and Gilts (base price) $ 85.14 $ 87.83 $ 79.66
   Pork Carcass Cutout $ 84.51 $ 84.14 $ 88.95
   Georgia Dock Broilers $ 90.32 $ 90.45 $ 84.92
   Georgia Dock B/S Breasts $ 149.00 $ 150.50 $ 135.50
   Georgia Dock Leg Quarters $ 53.50 $ 53.50 $ 39.00
Feed Prices ($/ton)
   Whole Cottonseed1 $ 240.00 $ 245.00 $ 230.00
   Cottonseed Meal1 $ 200.00 $ 212.50 $ 250.00
   Corn Gluten Meal (60%)1 $ 445.00 $ 445.00 $ 540.00
   Soybean Hulls1 $ 180.00 $ 190.00 $ 155.00
   Soybean Meal (48%)1 $ 323.70 $ 329.00 $ 385.80
   Wheat Midds1 $ 160.00 $ 170.00 $ 170.00
   Corn Gluten Feed2 $ 155.00 $ 155.00 $ 152.50
   Corn Gluten Pellets (21%)3 $ 210.00 $ 210.00 $ 192.50
   Soybean Hull Pellets3 $ 207.50 $ 207.50 $ 175.00
   Distillers’ Dried Grains4 $ 196.50 $ 192.00 $ 189.00
   Rice Bran5 $ 192.50 $ 220.00 $ 122.50
Meat Production (million lbs)
   Beef 459.1 473.6 486.8
   Pork 446.6 453.0 428.5
Slaughter (1,000 head)
   Cattle 589 608 624
   Hogs 2,137 2,167 2,051
   Broilers/Fryers 154,723 154,311 157,486
Avg. Dressed Weight
   Cattle 781 781 783
   Hogs 209 209 209
Source: USDA Agricultural Marketing Service
1-Memphis; 2-St. Louis; 3-Alabama; 4-E. Corn Belt; 5-Arkansas

Southeastern Fertilizer and Farm Diesel Prices
This Week Last Week Last Year Y-o-Y
% Change
Liquid N (28% spread) $ 435.00 $ 435.00 $ 384.50 13.1%
Ammonium Nitrate $ 465.00 $ 465.00 $ 411.00 13.1%
13-13-13 $ 515.00 $ 515.00 $ 436.50 18.0%
17-17-17 $ 615.00 $ 615.00 $ 532.50 15.5%
DAP (18%N, 46%P) $ 742.50 $ 742.50 $ 692.00 7.3%
Potash $ 650.00 $ 650.00 $ 565.00 15.0%
Lime $ 37.50 $ 37.50 $ 42.50 -11.8%
Farm Diesel $ 3.50 $ 3.50 $ 2.98 17.6%
Source:  USDA- AL Dept of Ag, Market News, Montgomery, AL
Fertilizer prices are $/ton, Diesel prices are $/gal for <1,000 gallons

Southeastern Hay Market Report
This Week Last Week
Good Premium Good Premium
Bermuda
4×5 Roll NQ $100.44 NQ $100.22
5×5 or 5×6 Roll NQ NQ NQ $93.00
Bahia
4×5 Roll NQ $100.00 NQ $100.00
5×5 or 5×6 Roll NQ $87.00 NQ $87.00
Prices are $/ton
Source:  USDA-AL Dept of Ag, Market News, Montgomery, AL
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