Livestock Price and Production: Week Ending Nov 02, 2012


 

Mississippi Auction Markets
Weight Steers Heifers Slaughter Cows, Bulls, and Replacements
300-350 $190 $215 $180 $190 Boning (80-85% lean) $72 $78
350-400 $170 $190 $160 $180 Boning (high-yielding) $78 $85
400-450 $160 $172 $145 $155 Lean $60 $72
450-500 $150 $160 $132 $145 Bulls, YG 1-2, <;1,500 lbs $80 $90
500-550 $145 $155 $120 $135 Bulls, YG 1-2, >;1,500 lbs $88 $100
550-600 $135 $145 $120 $135
600-650 $125 $147 $115 $125 Sm/Mdm Cow-Calf Pairs $1,000 $1,400
650-700 $125 $147 $115 $125 Mdm/Lg Cow-Calf Pairs $950 $1,150
700-750 $115 $125 $113 $120 Sm/Mdm Replacements $950 $1,300
750-800 $115 $125 $113 $120 Mdm/Lg Replacements $600 $900
Volume1 (head): vs Last Week vs Last Year
under 600 lbs 4.7% 8.7%
over 600 lbs 6.8% 24.3%
Slaughter Cows -2.4% -6.1%
Rep. Females 1.9% -18.2%
Note: Steer and heifer prices are for medium and large frame, numbers 1-2.
1- Four Week Rolling Average
Source: USDA Agricultural Marketing Service

Futures Prices
Month Live Cattle Change* Feeder Cattle Change* Corn Change* Soybeans Change*
Nov $144.90 -0.42 $15.27 -0.34
Dec $125.43 +0.17 $7.40 +0.02
Jan $146.68 -0.40 $15.27 -0.37
Feb $129.18 +0.00
Mar $149.03 -0.63 $7.43 +0.03 $15.04 -0.33
Apr $133.38 -0.03 $150.78 -0.53
May $152.18 -0.45 $7.40 +0.02 $14.71 -0.17
Jun $129.70 -0.40
Jul $7.31 +0.01 $14.54 -0.13
Aug $129.75 -0.15 $155.50 -0.38 $14.19 -0.11
Sep $156.20 -0.05 $6.58 -0.01 $13.74 -0.08
Oct $133.40 n/a $156.50 +0.00
Source: Chicago Mercantile Exchange and Chicago Board of Trade.
*Change from last Friday’s close.

Feeder Calf Markets (price for M&L #1-2 steers)
750-800 lbs 500-550 lbs
Mississippi $120.00 $150.00
OKC $138.66 $154.03
Kentucky $139.75 $148.25
Joplin, MO $144.11 $149.28
Tulia, TX NQ NQ

Price and Production Summary
This Week Last Week Last Year
5-Area Fed Steer Price
Live $ 126.18 $ 126.61 $ 121.51
Dressed $ 196.40 $ 197.96 $ 194.61
OKC Feeder Cattle Prices
7.5-8 wt M&L #1 steer $ 143.92 $ 144.52 $ 143.30
5-5.5 wt M&L #1 steer $ 168.41 $ 166.74 $ 157.12
BBCV (weekly avg.)
600-900 lb Choice cutout $ 195.34 $ 198.49 $ 187.53
600-900 lb Select cutout $ 177.09 $ 182.21 $ 169.58
Choice Rib Value $ 306.81 $ 298.05 $ 309.49
Choice Chuck Value $ 162.41 $ 172.20 $ 150.98
Other Livestock Prices
Barrows and Gilts (base price) $ 79.56 $ 81.56 $ 87.05
Pork Carcass Cutout $ 85.41 $ 86.46 $ 94.45
Georgia Dock Broilers $ 95.66 $ 95.59 $ 88.49
Georgia Dock B/S Breasts $ 163.50 $ 161.50 $ 142.00
Georgia Dock Leg Quarters $ 53.50 $ 53.00 $ 53.00
Feed Prices ($/ton)
Whole Cottonseed1 $ 268.00 $ 280.00 $ 278.00
Cottonseed Meal1 $ 365.00 $ 332.50 $ 245.00
Corn Gluten Meal (60%)1 $ 770.00 $ 770.00 $ 540.00
Soybean Hulls1 $ 200.00 $ 190.00 $ 225.00
Soybean Meal (48%)1 $ 505.50 $ 500.50 $ 325.10
Wheat Midds1 $ 240.00 $ 240.00 $ 210.00
Corn Gluten Feed2 $ 225.00 $ 225.00 $ 185.00
Corn Gluten Pellets (21%)3 $ 260.00 $ 265.00 $ 240.00
Soybean Hull Pellets3 $ 217.50 $ 225.00 $ 262.50
Distillers’ Dried Grains4 $ 272.50 $ 277.50 $ 220.00
Rice Bran5 $ 205.00 $ 210.00 $ 232.50
Meat Production (million lbs)
Beef 513.4 511.4 504.6
Pork 480.0 482.7 481.5
Slaughter (1,000 head)
Cattle 643 641 648
Hogs 2,359 2,379 2,347
Broilers/Fryers 150,676 153,519 153,138
Avg. Dressed Weight
Cattle 800 800 781
Hogs 204 203 205
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) $ 450.00 $ 450.00 $ 435.00 3.4%
Ammonium Nitrate $ 539.50 $ 539.50 $ 475.00 13.6%
13-13-13 $ 512.50 $ 512.50 $ 497.50 3.0%
17-17-17 $ 596.50 $ 596.50 $ 615.00 -3.0%
DAP (18%N, 46%P) $ 624.00 $ 624.00 $ 742.50 -16.0%
Potash $ 647.00 $ 647.00 $ 650.00 -0.5%
Lime $ 37.50 $ 37.50 $ 37.50 0.0%
Farm Diesel $ 3.57 $ 3.59 $ 3.46 3.2%
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 $76.53 $111.55 $76.94 $106.32
5×5 or 5×6 Roll NQ $100.00 NQ $100.00
Bahia
4×5 Roll NQ $100.00 NQ $100.00
5×5 or 5×6 Roll NQ $86.67 NQ NQ
Prices are $/ton
Source: USDA-AL Dept of Ag, Market News, Montgomery, AL
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