Livestock Price and Production Tables – Week Ending Aug 31, 2012


Mississippi Auction Markets
Weight Steers Heifers Slaughter Cows, Bulls, and Replacements
300-350 $190 $204 $165 $185 Boning (80-85% lean) $70 $83
350-400 $170 $182 $147 $165 Boning (high-yielding) $83 $88
400-450 $160 $170 $140 $150 Lean $70 $76
450-500 $140 $150 $130 $140 Bulls, YG 1-2, <1,500 lbs $82 $95
500-550 $128 $140 $120 $130 Bulls, YG 1-2, >1,500 lbs $95 $108
550-600 $128 $140 $120 $130
600-650 $125 $135 $116 $125 Sm/Mdm Cow-Calf Pairs $875 $1,000
650-700 $125 $135 $116 $125 Mdm/Lg Cow-Calf Pairs $1,200 $1,600
700-750 $117 $129 $110 $118 Sm/Mdm Replacements $740 $1,000
750-800 $117 $129 $110 $118 Mdm/Lg Replacements $900 $1,200
Volume1 (head): vs Last Week vs Last Year
under 600 lbs 1.1% -22.1%
over 600 lbs 5.6% 3.0%
Slaughter Cows 8.2% -12.9%
Rep. Females -5.6% -40.6%
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 Ending Aug 31, 2012”

Cattle Market Notes – Week Ending Aug 24, 2012


Cash Cattle:

Cash fed cattle were mostly steady with last week. Live trade in Texas and Kansas was called at $120-$121/cwt and $121/cwt, respectively. In Nebraska, live and dressed sales were at $119-$121.50/cwt and $187-$188/cwt, respectively. Feeder steers in Oklahoma City were steady to $3/cwt lower and feeder heifers were steady to $2/cwt higher. Calves in OKC were steady. In Mississippi markets, feeder steers were called steady and heifers sold mixed. Slaughter cows were $1-$2/cwt lower and bulls were steady.

Futures:

Live cattle futures were lower for the remaining 2012 contracts but higher after that. Higher corn prices and lackluster outside market news pressured early in the week. Some moderate recovery took place to close the week out.

Corn futures started the week higher but better than expected projected yields from ProFarmer’s annual crop tour. Better than expected does not mean good yields. The published yield was between 120 and 121 bushels per acre which is lower than the most recent USDA crop report.

Beef:

Beef prices cooled this week compared to the past few. Prices were mostly steady throughout the week, which held the average above the previous week. Choice wholesale finished with a weekly average of $193.47/cwt, up $3.25. Select beef averaged $184.77/cwt, up $2.05.

Livestock Price and Production Tables – Week Ending Aug 24, 2012


 

Mississippi Auction Markets
Weight Steers Heifers Slaughter Cows, Bulls, and Replacements
300-350 $180 $200 $160 $180 Boning (80-85% lean) $72 $80
350-400 $170 $180 $145 $160 Boning (high-yielding) $80 $86
400-450 $150 $165 $130 $145 Lean $70 $76
450-500 $140 $150 $130 $145 Bulls, YG 1-2, <1,500 lbs $85 $95
500-550 $130 $145 $120 $130 Bulls, YG 1-2, >1,500 lbs $95 $110
550-600 $130 $145 $120 $130  
600-650 $125 $135 $115 $128 Sm/Mdm Cow-Calf Pairs $1,000 $1,100
650-700 $125 $135 $115 $128 Mdm/Lg Cow-Calf Pairs $1,000 $1,500
700-750 $113 $130 $112 $122 Sm/Mdm Replacements $700 $1,000
750-800 $113 $130 $112 $122 Mdm/Lg Replacements $1,000 $1,300
Volume1 (head): vs Last Week vs Last Year  
under 600 lbs 8.3% -12.8%
over 600 lbs 26.6% 9.9%
Slaughter Cows 10.0% -14.8%
Rep. Females -2.3% -36.5%
Note: Steer and heifer prices are for medium and large frame, numbers 1-2.
1- Four Week Rolling Average
Source: USDA Agricultural Marketing Service

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Futures Prices
Month Live Cattle Change* Feeder Cattle Change* Corn Change* Soybeans Change*
Aug $119.88 -1.20 $140.50 +0.07        
Sep     $142.95 +0.75 $8.02 +0.04 $17.38 +0.66
Oct $124.45 -0.83 $144.43 +0.93        
Nov     $145.65 +0.97     $17.32 +0.86
Dec $127.88 -0.32     $8.09 +0.01    
Jan     $148.28 +1.18     $17.24 +0.87
Feb $131.70 +0.02            
Mar     $151.40 +1.35 $8.09 +0.01 $16.36 +0.82
Apr $135.40 +0.25 $152.60 +1.17        
May     $153.80 +1.10 $8.01 +0.01 $15.45 +0.74
Jun $132.50 +0.47            
Jul         $7.86 -0.02 $15.17 +0.71
Source: Chicago Mercantile Exchange and Chicago Board of Trade.
*Change from last Friday’s close.

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Feeder Calf Markets (price for M&L #1-2 steers)
  750-800 lbs 500-550 lbs
Mississippi $121.50 $137.50
OKC $133.75 $142.76
Kentucky $136.55 $148.50
Joplin, MO $137.02 $147.30
Tulia, TX $134.13 NQ

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Price and Production Summary
  This Week Last Week Last Year
5-Area Fed Steer Price      
   Live $ 120.34 $ 119.95 $ 112.95
   Dressed $ 187.45 $ 189.01 $ 180.12
OKC Feeder Cattle Prices      
   7.5-8 wt M&L #1 steer $ 138.48 $ 139.58 $ 130.28
   5-5.5 wt M&L #1 steer $ 157.98 $ 152.73 $ 143.38
BBCV (weekly avg.)      
   600-900 lb Choice cutout $ 193.47 $ 190.23 $ 187.25
   600-900 lb Select cutout $ 184.77 $ 182.73 $ 181.12
   Choice Rib Value $ 290.71 $ 279.53 $ 258.07
   Choice Chuck Value $ 159.07 $ 157.09 $ 156.70
Other Livestock Prices      
   Barrows and Gilts (base price) $ 80.82 $ 85.53 $ 94.87
   Pork Carcass Cutout $ 88.23 $ 91.82 $ 105.21
   Georgia Dock Broilers $ 94.94 $ 94.42 $ 87.70
   Georgia Dock B/S Breasts $ 176.50 $ 170.00 $ 148.00
   Georgia Dock Leg Quarters $ 51.50 $ 51.00 $ 52.50
Feed Prices ($/ton)      
   Whole Cottonseed1 $ 298.00 $ 295.00 $ 350.00
   Cottonseed Meal1 $ 410.00 $ 407.50 $ 347.50
   Corn Gluten Meal (60%)1 $ 720.00 $ 720.00 $ 560.00
   Soybean Hulls1 $ 320.00 $ 325.00 $ 220.00
   Soybean Meal (48%)1 $ 581.60 $ 559.80 $ 379.20
   Wheat Midds1 $ 290.00 NQ $ 230.00
   Corn Gluten Feed2 $ 285.00 $ 290.00 $ 176.00
   Corn Gluten Pellets (21%)3 $ 297.50 $ 287.50 $ 215.00
   Soybean Hull Pellets3 $ 315.00 $ 305.00 $ 207.50
   Distillers’ Dried Grains4 $ 300.00 $ 300.00 $ 207.50
   Rice Bran5 $ 197.50 $ 190.00 $ 157.50
Meat Production (million lbs)  
   Beef 516.9 507.9 518.6
   Pork 454.3 434.8 419.8
Slaughter (1,000 head)  
   Cattle 653 643 672
   Hogs 2,265 2,166 2,114
   Broilers/Fryers 159,748 157,258 159,436
Avg. Dressed Weight  
   Cattle 793 792 774
   Hogs 201 201 198
Source: USDA Agricultural Marketing Service
1-Memphis; 2-St. Louis; 3-Alabama; 4-E. Corn Belt; 5-Arkansas

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Southeastern Fertilizer and Farm Diesel Prices
  This Week Last Week Last Year Y-o-Y

% Change

Liquid N (28% spread) $ 460.00 $ 460.00 $ 435.00 5.7%
Ammonium Nitrate $ 539.50 $ 539.50 $ 470.00 14.8%
13-13-13 $ 512.00 $ 512.00 $ 490.00 4.5%
17-17-17 $ 596.50 $ 596.50 $ 615.00 -3.0%
DAP (18%N, 46%P) $ 624.00 $ 624.00 $ 735.00 -15.1%
Potash $ 647.00 $ 647.00 $ 650.00 -0.5%
Lime $ 37.50 $ 37.50 $ 37.50 0.0%
Farm Diesel $ 3.47 $ 3.41 $ 3.33 4.4%
Source:  USDA- AL Dept of Ag, Market News, Montgomery, AL
Fertilizer prices are $/ton, Diesel prices are $/gal for <1,000 gallons

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Southeastern Hay Market Report
  This Week Last Week
  Good Premium Good Premium
Bermuda        
4×5 Roll $84.29 $110.00 NQ $105.92
5×5 or 5×6 Roll NQ $100.00 NQ $100.00
Bahia        
4×5 Roll NQ $100.00 NQ NQ
5×5 or 5×6 Roll NQ NQ NQ $86.67
Prices are $/ton
Source:  USDA-AL Dept of Ag, Market News, Montgomery, AL

Cattle Market Notes – Week Ending Aug 17, 2012


Cash Cattle:

Stronger boxed beef prices helped push cash fed cattle higher for the third week in a row. Live trade in the Texas Panhandle was at $120/cwt, while in Kansas live prices were $121/cwt. Nebraska live and dressed cattle traded at $120-$121/cwt and $190/cwt, respectively. In Oklahoma City, feeder steers were $3-$5/cwt higher and feeder heifers were $1-$3/cwt higher. Calves in OKC were $2-$5/cwt higher for steers and heifers were steady to $2/cwt higher. Mississippi feeders steers and heifers were called at $1-$5/cwt higher. Cull cows and bulls were steady.

Continue reading “Cattle Market Notes – Week Ending Aug 17, 2012”

August Cattle on Feed Recap


USDA released their monthly Cattle on Feed report on August 17. The report revealed that 10.656 million head of cattle were in feedlots with 1,000 head or larger capacity on August 1, an increase of 0.7% from the same month last year. This was exactly what the average of ten analyst had expected prior to the report.

Placements into feedlots during the month of July dropped 10.0% from last year’s number, totaling 1.922 million head. Analysts expected placements to drop 8.6% versus last year, so the report shows less cattle were placed than expected. In July 2011, placements into feedlots marked the highest number of cattle placed since this report started in 1996. So, while a 10% decline from July 2011 is significant, it needs to be kept in context. The average number of cattle placed in July from 2006-2010 was 1.755 million head meaning this year’s number is on the high side. Still, with the widespread drought forcing further liquidation the fact that placements during July did not rival those in 2012 should be viewed in a positive light. Continue reading “August Cattle on Feed Recap”

Livestock Price and Production Tables – Week Ending Aug 17, 2012


Mississippi Auction Markets
Weight Steers Heifers Slaughter Cows, Bulls, and Replacements
300-350 $180 $200 $155 $175 Boning (80-85% lean) $75 $87
350-400 $170 $170 $145 $155 Boning (high-yielding) $80 $89
400-450 $150 $165 $135 $150 Lean $72 $80
450-500 $140 $150 $135 $150 Bulls, YG 1-2, <1,500 lbs $90 $95
500-550 $130 $145 $125 $135 Bulls, YG 1-2, >1,500 lbs $92 $106
550-600 $130 $145 $125 $135
600-650 $125 $137 $115 $125 Sm/Mdm Cow-Calf Pairs $1,025 $1,350
650-700 $125 $137 $115 $125 Mdm/Lg Cow-Calf Pairs $1,000 $1,400
700-750 $118 $130 $111 $119 Sm/Mdm Replacements $650 $950
750-800 $118 $130 $111 $119 Mdm/Lg Replacements $900 $1,250
Volume1 (head): vs Last Week vs Last Year
under 600 lbs 4.1% -17.3%
over 600 lbs 10.9% -12.8%
Slaughter Cows -3.3% -18.1%
Rep. Females -15.9% -33.3%
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 Ending Aug 17, 2012”

Cattle Market Notes – Week Ending Aug 10, 2012


Cash Cattle:

Cash fed cattle moved higher again this week. Trade movement was low enough that no trends were called this week for individual states, but the five-area, regional, price was higher by$1.58/cwt at $119.16/cwt. In Oklahoma City, feeder steers over 800 pounds were $2-$4/cwt lower, while feeders under 800 pounds were steady to $2/cwt lower. Feeder heifers in OKC were $2-$3/cwt lower. Mississippi feeders steers sold $3-$5/cwt higher and heifers were $2-$5/cwt higher. Cull cows were $1-$6/cwt higher and bulls in Mississippi were called at $1-$6/cwt higher.

Continue reading “Cattle Market Notes – Week Ending Aug 10, 2012”