December Cattle on Feed Report Commentary


USDA released their monthly Cattle on Feed report this Friday afternoon (Dec 21). The report revealed that 11.328 million head of cattle were in feedlots with 1,000 head capacity or greater on Dec 1. This was a 6% decline from Dec 2011 and 3% below the five-year average. Pre-report expectations were looking for a 6.6% drop from the previous year and above the high end of the range (based on a tight range of expectation). Continue reading “December Cattle on Feed Report Commentary”

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Cattle Market Notes: Week Ending Dec 21, 2012


This will be the final newsletter of 2012. I sincerely hope that you and your families have a wonderful Christmas holiday and a happy start to 2013. It has been a pleasure to provide these few tid-bits of information throughout the year. I will return in two weeks (or three depending on how hectic the holidays are for the Riley’s). As always, I enjoy any feedback (positive or negative) that you may have and feel free to contact me if you ever need anything related to market information… Happy Holidays!

Cash Cattle:

Cash fed cattle were about $2/cwt higher this final week before heading into Christmas and 2013. The 5-area live fed price was $2.32/cwt above last Friday’s price. Fed cattle traded at $126/cwt on Thursday in Texas, Oklahoma, and Kansas. In Nebraska live and dressed cattle sold at $126/cwt and $200-$202/cwt, respectively. In Iowa/Minnesota trade, live sales were from $125-$129/cwt and dressed sales were $200-$202/cwt. In Oklahoma City, feeder steers and heifers were $3-$5/cwt higher, while steer and heifer calves were $5-$8/cwt higher. Feeder steers and heifers were steady in Mississippi auctions this week, while slaughter cows and bulls were $1-$2/cwt higher. Continue reading “Cattle Market Notes: Week Ending Dec 21, 2012”

Livestock Price and Production Tables: Week Ending Dec 21, 2012


Mississippi Auction Markets
Weight Steers Heifers Slaughter Cows, Bulls, and Replacements
300-350 $185 $200 $170 $180 Boning (80-85% lean) $70 $75
350-400 $185 $200 $160 $170 Boning (high-yielding) $75 $85
400-450 $165 $185 $150 $160 Lean $65 $70
450-500 $155 $165 $140 $150 Bulls, YG 1-2, <1,500 lbs $75 $89
500-550 $150 $160 $130 $140 Bulls, YG 1-2, >1,500 lbs $89 $100
550-600 $140 $150 $120 $130
600-650 $135 $145 $118 $129 Sm/Mdm Cow-Calf Pairs $1,000 $1,400
650-700 $130 $135 $118 $129 Mdm/Lg Cow-Calf Pairs $1,100 $1,300
700-750 $125 $140 $104 $120 Sm/Mdm Replacements $900 $1,200
750-800 $125 $140 $104 $120 Mdm/Lg Replacements $650 $1,050
Volume1 (head): vs Last Week vs Last Year
under 600 lbs 21.8% -10.4%
over 600 lbs 2,079.7% 1,631.0%
Slaughter Cows 24.2% -17.9%
Rep. Females -2,716.7% -2,111.8%
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 Dec 21, 2012”

Cattle Market Notes: Week Ending Dec 14, 2012


Cash Cattle:

Cash fed cattle were mostly steady this week. Fed cattle trade in Texas was at $124.50/cwt. In Kansas, live cattle traded around $124-$124.50/cwt. Live and dressed cattle in Nebraska sold at $124/cwt and $196-$198/cwt, respectively. InIowa/Minnesota, live sales were from $125-$126.50/cwt and dressed sales were $196-$198/cwt. In Oklahoma City, feeder steers and heifers were steady to $2/cwt higher, steer calves were steady to $2/cwt lower, and heifer calves were steady to $1/cwt lower. Feeder steers were $1-$3/cwt lower and heifers were steady in Mississippi auctions this week. Slaughter cows and bulls were steady.

Continue reading “Cattle Market Notes: Week Ending Dec 14, 2012”

Cattle Market Notes: Week Ending Dec 07, 2012


Cash Cattle:

Fed cattle trade remains light and prices have yet to spark a noteworthy ralley. Kansas live cattle traded around $124/cwt, down $1/cwt from last week. Cash trade was too light in other states to call a trend. The 5-area price ended the week down $4/cwt for live and down $5/cwt for dressed. In Oklahoma City, feeder steers were $1-$2/cwt higher, feeder heifers were steady to $2/cwt higher, and calves were $4-$6/cwt lower. Feeder steers and heifers were mixed in Mississippi auctions this week. Slaughter cows were steady and bulls were $1-$3/cwt higher. Continue reading “Cattle Market Notes: Week Ending Dec 07, 2012”

Livestock Price and Production Tables: Week Ending Dec 07, 2012


 

Mississippi Auction Markets
Weight Steers Heifers Slaughter Cows, Bulls, and Replacements
300-350 $190 $200 $170 $180 Boning (80-85% lean) $70 $76
350-400 $170 $190 $148 $170 Boning (high-yielding) $76 $84
400-450 $160 $170 $135 $155 Lean $60 $70
450-500 $155 $170 $135 $155 Bulls, YG 1-2, <1,500 lbs $74 $87
500-550 $140 $156 $120 $133 Bulls, YG 1-2, >1,500 lbs $85 $100
550-600 $140 $156 $120 $133  
600-650 $130 $142 $118 $128 Sm/Mdm Cow-Calf Pairs $1,100 $1,400
650-700 $130 $142 $118 $128 Mdm/Lg Cow-Calf Pairs $900 $1,000
700-750 $128 $136 $105 $122 Sm/Mdm Replacements $900 $1,200
750-800 $128 $136 $105 $122 Mdm/Lg Replacements $700 $1,000
Volume1 (head): vs Last Week vs Last Year  
under 600 lbs -1.6% -26.8%
over 600 lbs -3.2% -29.5%
Slaughter Cows -2.8% -34.9%
Rep. Females -12.9% -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

Continue reading “Livestock Price and Production Tables: Week Ending Dec 07, 2012”