Livestock Price and Production Tables – Week of Apr 27, 2012


 

Mississippi Auction Markets
Weight Steers Heifers Slaughter Cows, Bulls, and Replacements
300-350 $200 $220 $190 $205 Boning (80-85% lean) $80 $90
350-400 $190 $200 $190 $205 Boning (high-yielding) $90 $99
400-450 $180 $190 $157 $170 Lean $76 $85
450-500 $165 $180 $157 $170 Bulls, YG 1-2, <1,500 lbs $97 $108
500-550 $155 $174 $145 $157 Bulls, YG 1-2, >1,500 lbs $102 $111
550-600 $155 $174 $145 $157  
600-650 $145 $155 $135 $146 Sm/Mdm Cow-Calf Pairs $1,000 $1,350
650-700 $135 $145 $125 $135 Mdm/Lg Cow-Calf Pairs $1,200 $1,600
700-750 $125 $140 $130 $140 Sm/Mdm Replacements $800 $1,100
750-800 $125 $140 $120 $130 Mdm/Lg Replacements $800 $1,300
Volume1 (head): vs Last Week vs Last Year  
under 600 lbs 2.8% -13.0%
over 600 lbs 9.4% -4.1%
Slaughter Cows 10.1% -8.4%
Rep. Females 0.4% -6.3%
Note: Steer and heifer prices are for medium and large frame, numbers 1-2.
1- Four Week Rolling Average
Source: USDA Agricultural Marketing Service

Continue reading “Livestock Price and Production Tables – Week of Apr 27, 2012”

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Cattle Market Notes – Week of Apr 27, 2012


I’m not certain what is worse right now, being a New Orleans Saints fan or a cattle industry participant! Neither seem to be fairing well in the media these days.

Cash:

Cash cattle prices this week were lower compared to last week.  One can only assume that the news of a dairy cow with Bovine Spongiform Encephalopathy (BSE) on Tuesday was not how feeders wanted to start the week off.  Despite the unfavorable start markets faired well as the week progressed compared to the three previous cases confirmed in the U.S.  On Thursday, sales in the Southern Plains were called at $119/cwt in the Texas Panhandle and $119-$120/cwt in Kansas.  Nebraska live and dressed trade was reported at $121.50/cwt and $194/cwt, respectively, on Friday.  Feeder steers and heifers in Oklahoma City were called steady.  Stockers were steady to $2/cwt higher.  OKC sales on Monday and Tuesday which was before the news broke of the cow with BSE.  This was most likely a blessing given, what appears to be, a short shelf life of this potentially damaging story.  Mississippi feeders finished the week steady as did cull cows and bulls.  Collective sales in Mississippi on Monday and Tuesday were called steady, while sales on Wednesday and Thrusday were called mixed to lower. Continue reading “Cattle Market Notes – Week of Apr 27, 2012”

BSE Case Confirmed in California


(Most recent update: Apr 27 11:00 AM)

Yesterday, USDA reported a fourth confirmed case of Bovine Spongiform Encephalopathy (BSE). The animal was a dairy cow located in California. The case was reported as “atypical” meaning, USDA said, it was not from infected feed. The market reacted negatively when the news broke and closed down limit ($3/cwt) for 2012 contracts and by more than $2/cwt on more deferred contracts. Continue reading “BSE Case Confirmed in California”

April Cattle on Feed Report


USDA released their monthly Cattle on Feed report Friday afternoon (Apr 20).  The report revealed that 11.482 million head of cattle were in feedlots with 1,000+ head capacity.  This was 2.0% above the April 2011 number and equal to the average of the pre-report estimates.  Cattle placed into feedlots were 6.4% below year ago levels.  Placements were expected to be 7.7% lower, but the reported drop was within the range of estimates. Marketings were better than expected at 1.918 million head, which were 3.6% below last year but analyst expected a drop of 5.5% and the best expectation was a drop of 3.7%.  The report should be viewed as neutral given that all numbers were near their expected values. Continue reading “April Cattle on Feed Report”

Cattle Market Notes – Week of Apr 20, 2012


Cattle:

Cash trade ended the week mostly steady with last week’s trade.  Live cattle in Texas sold at $120-121.50/cwt, while Kansas live cattle traded at $122/cwt.  In Nebraska, live and dressed cattle traded at $123-$124.50/cwt and $199-$200/cwt, respectively.  Feeder cattle in Oklahoma City were $2-$5/cwt higher and claves were steady.  In Mississippi markets, feeder steers and heifers were $2-$5/cwt higher.  Slaughter bulls were steady and cows were called $1-$2/cwt higher. Continue reading “Cattle Market Notes – Week of Apr 20, 2012”

Livestock Price and Production Tables – Week of Apr 20, 2012


 

Mississippi Auction Markets
Weight Steers Heifers Slaughter Cows, Bulls, and Replacements
300-350 $200 $215 $162 $185 Boning (80-85% lean) $80 $85
350-400 $185 $200 $162 $185 Boning (high-yielding) $85 $96
400-450 $185 $195 $155 $170 Lean $75 $87
450-500 $165 $180 $155 $170 Bulls, YG 1-2, <1,500 lbs $90 $105
500-550 $155 $175 $145 $158 Bulls, YG 1-2, >1,500 lbs $100 $111
550-600 $155 $175 $145 $158  
600-650 $145 $158 $130 $150 Sm/Mdm Cow-Calf Pairs $900 $1,325
650-700 $135 $145 $130 $150 Mdm/Lg Cow-Calf Pairs $1,200 $1,800
700-750 $134 $148 $130 $139 Sm/Mdm Replacements $800 $1,100
750-800 $134 $148 $120 $130 Mdm/Lg Replacements $1,100 $1,600
Volume1 (head): vs Last Week vs Last Year  
under 600 lbs 1.3% -16.3%
over 600 lbs 2.4% -3.7%
Slaughter Cows -2.7% -22.3%
Rep. Females 0.7% -11.1%
Note: Steer and heifer prices are for medium and large frame, numbers 1-2.
1- Four Week Rolling Average
Source: USDA Agricultural Marketing Service

Continue reading “Livestock Price and Production Tables – Week of Apr 20, 2012”

Cattle Market Notes – Week of April 13, 2012


Cattle:

Cash trade ended the week mostly steady with last week’s trade. The 5-Area live fed price was $122.08/cwt on Friday compared to $121.91 last week.  The decline in prices at this time of the year is not uncommon, but appears to be happening earlier than normal.  This backing up of the seasonal trend has taken place each of the last two years and it is looking like the same story is unfolding in 2012.  Live cattle in Texas sold at $122/cwt, while Kansas live cattle traded at $122.50/cwt.  In Nebraska, live and dressed cattle traded at $122-$123.50/cwt and $194-$195/cwt, respectively, on Wednesday.  Feeder cattle in Oklahoma City were called steady to $2/cwt lower and claves were mostly steady.  In Mississippi markets, feeder steers were $1-$10/cwt higher and feeder heifers were $2-$5/cwt higher.  Slaughter bulls and cows were called $1-$3/cwt higher in Mississippi. Continue reading “Cattle Market Notes – Week of April 13, 2012”