Livestock Price and Production Tables: Week Ending Oct 25, 2013


 

Mississippi Auction Markets
Weight Steers Heifers Slaughter Cows, Bulls, and Replacements
300-350 $205 $225 $170 $190 Boning (80-85% lean) $72 $79
350-400 $195 $205 $160 $170 Boning (high-yielding) $79 $86
400-450 $180 $195 $150 $165 Lean $64 $71
450-500 $165 $180 $150 $165 Bulls, YG 1-2, <1,500 lbs $79 $90
500-550 $155 $175 $140 $155 Bulls, YG 1-2, >1,500 lbs $90 $102
550-600 $155 $175 $140 $155  
600-650 $145 $155 $135 $145 Sm/Mdm Cow-Calf Pairs $1,200 $1,600
650-700 $145 $155 $135 $145 Mdm/Lg Cow-Calf Pairs $900 $1,300
700-750 $130 $145 $129 $139 Sm/Mdm Replacements $1,100 $1,600
750-800 $130 $145 $129 $139 Mdm/Lg Replacements $850 $1,250
Volume1 (head): vs Last Week vs Last Year  
under 600 lbs 7.7% -31.7%
over 600 lbs -12.7% -55.7%
Slaughter Cows 11.9% -34.0%
Rep. Females 1.8% 517.8%
Note: Steer and heifer prices are for medium and large frame, numbers 1-2.
1- Four Week Rolling Average
Source: USDA Agricultural Marketing Service

Futures Prices
Month Live Cattle Change* Feeder Cattle Change* Corn Change* Soybeans Change*
Nov     $166.78 -0.07     $13.00 +0.09
Dec $133.18 +1.15            
Jan     $166.40 -0.20 $4.40 -0.01 $12.94 +0.04
Feb $134.00 +0.13            
Mar     $165.25 -0.15 $4.52 -0.02 $12.72 -0.01
Apr $134.30 -0.47 $166.10 +0.32        
May     $166.60 +0.35 $4.61 -0.01 $12.56 -0.02
Jun $128.43 -0.42            
Jul         $4.68 -0.01 $12.50 -0.04
Aug $127.50 +0.20 $167.20 +0.32     $12.37 -0.05
Sep     $167.00 +0.40 $4.75 -0.00 $11.97 -0.06
Oct $129.85 -0.03 N/A          
Source: CME Group
Note: Cattle prices in $/cwt; Corn & Soybean prices in $/bu
*Change from last Friday’s close.

Feeder Calf Markets (price for M&L #1-2 steers)
  750-800 lbs 500-550 lbs
Mississippi $137.50 $165.00
OKC NQ $176.03
Kentucky Shutdown Shutdown
Joplin, MO $158.60 $165.53
Tulia, TX $151.00 NQ

Price and Production Summary
  This Week Last Week Last Year
5-Area Fed Steer Price      
   Live $132.30 Shutdown $126.61
   Dressed $207.80 Shutdown $197.96
OKC Feeder Cattle Prices      
   7.5-8 wt M&L #1 steer $165.72 Shutdown $144.52
   5-5.5 wt M&L #1 steer $183.29 Shutdown $166.74
BBCV (weekly avg.)      
   600-900 lb Choice cutout $200.09 Shutdown $198.49
   600-900 lb Select cutout $184.13 Shutdown $182.21
   Choice Rib Value $318.50 Shutdown $298.05
   Choice Chuck Value $170.63 Shutdown $172.20
Other Livestock Prices      
   Barrows and Gilts (base price) $86.59 $90.43 $81.56
   Pork Carcass Cutout $94.65 $95.09 $86.46
   Georgia Dock Broilers $105.00 $105.13 $95.59
   Georgia Dock B/S Breasts $193.00 $198.00 $161.50
   Georgia Dock Leg Quarters $51.50 $53.00 $53.00
Feed Prices ($/ton)      
   Whole Cottonseed1 $280.00 Shutdown $280.00
   Cottonseed Meal1 $382.50 Shutdown $332.50
   Corn Gluten Meal (60%)1 $575.00 Shutdown $770.00
   Soybean Hulls1 $190.00 Shutdown $190.00
   Soybean Meal (48%)1 $465.70 Shutdown $500.50
   Wheat Midds1 $205.00 Shutdown $240.00
   Corn Gluten Feed2 $175.00 Shutdown $225.00
   Corn Gluten Pellets (21%)3 $215.00 Shutdown $265.00
   Soybean Hull Pellets3 $180.00 Shutdown $225.00
   Distillers’ Dried Grains4 $216.50 Shutdown $277.50
   Rice Bran5 $195.00 Shutdown $210.00
Meat Production (million lbs)  
   Beef 494.1 492.4 511.4
   Pork 466.1 471.6 482.7
Slaughter (1,000 head)  
   Cattle 618 617 641
   Hogs 2,262 2,297 2,379
   Broilers/Fryers 157,378 Shutdown 153,519
Avg. Dressed Weight  
   Cattle 801 800 800
   Hogs 206 205 203
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) $ 459.50 Shutdown $ 450.00 2.1%
Ammonium Nitrate $ 487.00 Shutdown $ 539.50 -9.7%
13-13-13 $ 461.00 Shutdown $ 512.50 -10.0%
17-17-17 $ 555.00 Shutdown $ 596.50 -7.0%
DAP (18%N, 46%P) $ 600.50 Shutdown $ 624.00 -3.8%
Potash $ 575.50 Shutdown $ 647.00 -11.1%
Lime $ 37.50 Shutdown $ 37.50 0.0%
Farm Diesel $ 3.45 Shutdown $ 3.59 -3.9%
Source:  USDA- AL Dept of Ag, Market News, Montgomery, AL
Fertilizer prices are $/ton, Diesel prices are $/gal for <1,000 gallons

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

% Change

Liquid N (28% spread) $ 459.50 Shutdown $ 450.00 2.1%
Ammonium Nitrate $ 487.00 Shutdown $ 539.50 -9.7%
13-13-13 $ 461.00 Shutdown $ 512.50 -10.0%
17-17-17 $ 555.00 Shutdown $ 596.50 -7.0%
DAP (18%N, 46%P) $ 600.50 Shutdown $ 624.00 -3.8%
Potash $ 575.50 Shutdown $ 647.00 -11.1%
Lime $ 37.50 Shutdown $ 37.50 0.0%
Farm Diesel $ 3.45 Shutdown $ 3.59 -3.9%
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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Cattle Market Notes: Week Ending Oct 18, 2013


Well, employees returned this week and therefore everything is back and running normally, well for the most part following a 16 day hiatus. Data will not be back reported for the time of the shutdown and remaining October reports are questionable as to whether or not they will be released.

Cash Cattle:

Trading in the Southern Plains on Wednesday saw live sales at $129. Thursday, in Nebraska, live and dressed cattle sold at $129-$131 and $204, respectively. Similarly, in the Western Cornbelt, live and dressed were at $129 and $204.

Feeders in Mississippi this week ranged from $140-$160 and $130-$143, respectively for 600 to 700 pound steers and heifers. Calves were $165-$190 and $147-$160, respectively for 400 to 500 pound steers and heifers. Not surprisingly, compared to three weeks ago calves were much higher (approximately $8-$15 for steers and $3-$10 for heifers) while heavier calves were up about $10. Continue reading “Cattle Market Notes: Week Ending Oct 18, 2013”

Livestock Price and Production Tables: Week Ending Oct 18, 2013


Some data are available this week…

Mississippi Auction Markets
Weight Steers Heifers Slaughter Cows, Bulls, and Replacements
300-350 $200 $225 $170 $180 Boning (80-85% lean) $70 $76
350-400 $185 $200 $160 $170 Boning (high-yielding) $76 $86
400-450 $175 $190 $147 $160 Lean $62 $70
450-500 $165 $175 $147 $160 Bulls, YG 1-2, <1,500 lbs $80 $90
500-550 $150 $175 $138 $150 Bulls, YG 1-2, >1,500 lbs $90 $100
550-600 $150 $175 $138 $150  
600-650 $140 $160 $130 $143 Sm/Mdm Cow-Calf Pairs $1,200 $1,600
650-700 $140 $160 $130 $143 Mdm/Lg Cow-Calf Pairs $850 $1,300
700-750 $127 $140 $125 $136 Sm/Mdm Replacements $850 $1,300
750-800 $127 $140 $125 $136 Mdm/Lg Replacements $800 $1,250
Volume1 (head): vs Last Week vs Last Year  
under 600 lbs -36.6% -39.9%
over 600 lbs -43.0% -48.8%
Slaughter Cows -37.7% -39.6%
Rep. Females -37.6% -10.5%
Note: Steer and heifer prices are for medium and large frame, numbers 1-2.
1- Four Week Rolling Average
Source: USDA Agricultural Marketing Service

Futures Prices
Month Live Cattle Change* Feeder Cattle Change* Corn Change* Soybeans Change*
Oct $129.88 +1.07 $166.08 -1.40        
Nov     $166.85 -2.43     $12.91 +0.24
Dec $132.03 -0.45     $4.42 +0.08    
Jan     $166.60 -2.15     $12.90 +0.24
Feb $133.88 -0.25            
Mar     $165.40 -2.60 $4.54 +0.08 $12.73 +0.19
Apr $134.78 -0.50 $165.78 -2.67        
May     $166.25 -2.05 $4.62 +0.08 $12.57 +0.18
Jun $128.85 -0.90            
Jul         $4.70 +0.08 $12.54 +0.19
Aug $127.30 -0.70 $166.88 -2.07     $12.42 +0.18
Sep     $166.60   $4.75 +0.07 $12.03 +0.17
Source: CME Group
Note: Cattle prices in $/cwt; Corn & Soybean prices in $/bu
*Change from last Friday’s close.

Feeder Calf Markets (price for M&L #1-2 steers)
  750-800 lbs 500-550 lbs
Mississippi $133.50 $162.50
OKC Shutdown Shutdown
Kentucky Shutdown Shutdown
Joplin, MO $148.37 $161.68
Tulia, TX $150.00 $168.12

Price and Production Summary
  This Week Last Week Last Year
5-Area Fed Steer Price      
   Live Shutdown Shutdown $124.72
   Dressed Shutdown Shutdown $195.25
OKC Feeder Cattle Prices      
   7.5-8 wt M&L #1 steer Shutdown Shutdown $145.32
   5-5.5 wt M&L #1 steer Shutdown Shutdown $162.82
BBCV (weekly avg.)      
   600-900 lb Choice cutout Shutdown Shutdown $195.65
   600-900 lb Select cutout Shutdown Shutdown $180.30
   Choice Rib Value Shutdown Shutdown $290.90
   Choice Chuck Value Shutdown Shutdown $172.06
Other Livestock Prices      
   Barrows and Gilts (base price) $90.43 Shutdown $83.03
   Pork Carcass Cutout $95.09 Shutdown $88.24
   Georgia Dock Broilers $105.13 Shutdown $95.57
   Georgia Dock B/S Breasts $198.00 Shutdown $156.60
   Georgia Dock Leg Quarters $53.00 Shutdown $53.00
Feed Prices ($/ton)      
   Whole Cottonseed1 Shutdown Shutdown $280.00
   Cottonseed Meal1 Shutdown Shutdown $332.50
   Corn Gluten Meal (60%)1 Shutdown Shutdown $750.00
   Soybean Hulls1 Shutdown Shutdown $185.00
   Soybean Meal (48%)1 Shutdown Shutdown $485.60
   Wheat Midds1 Shutdown Shutdown N/A
   Corn Gluten Feed2 Shutdown Shutdown $230.00
   Corn Gluten Pellets (21%)3 Shutdown Shutdown $267.50
   Soybean Hull Pellets3 Shutdown Shutdown $225.00
   Distillers’ Dried Grains4 Shutdown Shutdown $280.00
   Rice Bran5 Shutdown Shutdown $210.00
Meat Production (million lbs)  
   Beef 489.2 Shutdown 505.9
   Pork 467.0 Shutdown 483.4
Slaughter (1,000 head)  
   Cattle 614 Shutdown 634
   Hogs 2,297 Shutdown 2,388
   Broilers/Fryers Shutdown Shutdown 155,110
Avg. Dressed Weight  
   Cattle 798 Shutdown 800
   Hogs 203 Shutdown 202
Source: USDA Agricultural Marketing Service
1-Memphis; 2-St. Louis; 3-Alabama; 4-E. Corn Belt; 5-Arkansas

Cattle Market Notes: Week Ending Oct 11, 2013


The shutdown continues and publicly available prices remain limited. Luckily, there are some entities that continue to make their information available.

Cash Cattle:

Dressed fed cattle were reported around $198-$200 on Friday in Nebraska. Beef Magazine’s Wes Ishmael provides further highlights of the market this week (link).

In Oklahoma City, feeder steers and heifers were called $2-$3 higher. Steer and heifer calves called $6-$8 higher. Southeast Mississippi Livestock Auction’s report sheet has 400-500 pound steers from $160 to $195, heifers from $142 to $165; heavier 600-700 pound steers from $138-$147 and heifers from $135 to $143. Continue reading “Cattle Market Notes: Week Ending Oct 11, 2013”

Cattle Market Notes: Week Ending Oct 4, 2012


Well, due to the fiasco taking place in our nation’s capital there are no reports to provide cash market direction. Granted trading has continued to take place but (surprise, surprise) no one is willing to make this information public without mandatory reporting. The lack of USDA reports will create some hiccups. Many fed cattle formula prices are based on USDA cash market reports. The live cattle futures price, while not based solely on USDA reports as it is cash settled, derives quite a bit of information from these reports. All basis contracts could very well suffer from the lack of price transparency. The feeder cattle futures contract is not cash settled and is based on an index from multiple cash market reports across the U.S.  Continue reading “Cattle Market Notes: Week Ending Oct 4, 2012”