Cattle Market Notes: Week Ending Jan 17, 2014


As I mentioned last week, the updates have been relocated…

For Livestock Prices and Production Information CLICK HERE.

For the Cattle Market Notes, CLICK HERE.

Other related information can be found at  http://blogs.msucares.com/agecon/.

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Livestock Price and Production Tables: Changes Abound


It would not be a new year without changes from yours truly. As always, nothing is done without careful consideration and I hope that the updates are useful for everyone. Please let me know if you have any trouble or suggestions. And, as I’ve said in the past, please feel free to provide feedback (good or bad) on the information I provide.

While the changes are still in the works, the first to roll out is a new set-up for the “Livestock Price and Production Tables” (not all price data is available at the moment but should be incorporated soon — missing items are the regional cattle auction markets, hay prices, and fertilizer prices). These can now be found at this link.

This format will allow me to incorporate more information (when time permits). For example, graphs will be added which give a quick, easy reference for current prices compared to historical values. Also, the historical data are in the other sheets for easy access. As noted, more is on the way… Stay tuned!

** ** **

Full link to Livestock Price and Production Tables: http://goo.gl/JQmYwx

Livestock Price and Production Tables: Week Ending Dec 20, 2013


Weight

Steers

Heifers

300-350

$215

$235

$190

$200

350-400

$205

$215

$175

$190

400-450

$195

$215

$170

$181

450-500

$180

$195

$160

$170

500-550

$170

$180

$148

$165

550-600

$160

$170

$148

$165

600-650

$148

$160

$140

$148

650-700

$148

$160

$130

$140

700-750

$128

$141

$125

$135

750-800

$128

$141

-$120

-$135

Slaughter Cows, Bulls, and Replacements
Boning (80-85% lean)

$78

$85

Boning (high-yielding)

$85

$95

Lean

$65

$79

Bulls, YG 1-2, <1,500 lbs

$84

$98

Bulls, YG 1-2, >1,500 lbs

$92

$106

             
Sm/Mdm Cow-Calf Pairs

$1,100

$1,600

Mdm/Lg Cow-Calf Pairs

$1,100

$1,400

Sm/Mdm Replacements

$1,000

$1,500

Mdm/Lg Replacements

$900

$1,300

Volume1 (head):

vs Last Week

vs Last Year

under 600 lbs

-1.1%

-21.7%

over 600 lbs

-15.6%

-44.7%

Slaughter Cows

1.4%

-23.2%

Rep. Females

5.6%

-19.7%

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 20, 2013”

Livestock Price and Production Tables: Week Ending Dec 13, 2013


Mississippi Auction Markets

Weight

Steers

Heifers

300-350

$200

$225

$185

$200

350-400

$200

$225

$177

$185

400-450

$190

$210

$170

$180

450-500

$180

$190

$160

$170

500-550

$175

$185

$150

$160

550-600

$165

$175

$140

$150

600-650

$150

$160

$140

$148

650-700

$140

$150

$130

$140

700-750

$132

$140

$0

$0

750-800

$132

$140

$0

$0

Slaughter Cows, Bulls, and Replacements
Boning (80-85% lean)

$75

$81

Boning (high-yielding)

$81

$90

Lean

$63

$75

Bulls, YG 1-2, <1,500 lbs

$78

$86

Bulls, YG 1-2, >1,500 lbs

$85

$101

             
Sm/Mdm Cow-Calf Pairs

$1,300

$1,700

Mdm/Lg Cow-Calf Pairs

$1,100

$1,600

Sm/Mdm Replacements

$1,000

$1,400

Mdm/Lg Replacements

$775

$1,075

Volume1 (head):

vs Last Week

vs Last Year

under 600 lbs

-20.5%

-3.5%

over 600 lbs

-15.9%

-20.9%

Slaughter Cows

-19.4%

-5.9%

Rep. Females

-17.2%

-6.5%

Note: Steer and heifer prices are for medium and large frame, number 1-2.
1- Four Week Rolling Average
Source: USDA Agricultural Marketing Service

Cattle Futures Prices
Month

Live Cattle

Change*

Feeder Cattle

Change*

Dec

$131.88

+0.18

   
Jan    

$167.08

+2.38

Feb

$132.85

-0.28

   
Mar    

$166.55

+1.75

Apr

$133.80

-0.10

$167.40

+1.65

May    

$167.93

+1.53

Jun

$128.70

+0.20

   
Jul        
Aug

$127.20

+0.35

$168.93

+1.50

Sep    

$168.05

+1.55

Oct

$129.75

+0.47

$167.55

+1.15

Nov    

$167.13

+1.63

Grain Futures Prices
Month

Corn

Change*

Soybeans

Change*

Dec

$4.53

+0.29

   
Jan    

$13.28

+0.02

Feb        
Mar

$4.26

-0.09

$13.14

+0.03

Apr        
May

$4.34

-0.09

$12.97

+0.01

Jun        
Jul        
Aug    

$12.54

-0.05

Sep

$4.46

-0.10

$11.97

-0.04

Oct        
Nov    

$11.58

-0.06

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

$136.00

$180.00

OKC

No Sale: Snow

No Sale: Snow

Kentucky

$152.79

$168.76

Joplin, MO

$164.14

$169.81

Tulia, TX

No Quotes

No Quotes

Price and Production Summary
 

This Week

Last Week

Last Year

5-Area Fed Steer Price      
   Live

$130.16

$131.89

$123.81

   Dressed

No Quote

$209.10

No Quote

OKC Feeder Cattle Prices      
   7.5-8 wt M&L #1 steer

No Sale: Snow

$163.60

$144.43

   5-5.5 wt M&L #1 steer

No Sale: Snow

$191.07

$152.37

BBCV (weekly avg.)      
   600-900 lb Choice cutout

$201.32

$202.65

$195.04

   600-900 lb Select cutout

$187.37

$189.61

$174.79

   Choice Rib Value

$354.32

$355.04

$333.38

   Choice Chuck Value

$165.47

$167.70

$153.74

Other Livestock Prices      
   Barrows and Gilts (base price)

$78.10

$77.87

$78.23

   Pork Carcass Cutout

$89.47

$90.27

$83.69

   Georgia Dock Broilers

$104.40

$104.37

$97.32

   Georgia Dock B/S Breasts

$193.50

$192.50

$160.00

   Georgia Dock Leg Quarters

$50.50

$50.50

$53.00

Feed Prices ($/ton)      
   Whole Cottonseed1

$288.00

$280.00

$290.00

   Cottonseed Meal1

$395.00

$385.00

$340.00

   Corn Gluten Meal (60%)1

$640.00

$630.00

$765.00

   Soybean Hulls1

$190.00

$185.00

$200.00

   Soybean Meal (48%)1

$508.70

$491.30

$474.90

   Wheat Midds1

$200.00

$185.00

$260.00

   Corn Gluten Feed2

$215.00

$212.50

$210.00

   Corn Gluten Pellets (21%)3

$242.50

$237.50

$260.00

   Soybean Hull Pellets3

$192.50

$192.50

$225.00

   Distillers’ Dried Grains4

$222.50

$221.50

$262.50

   Rice Bran5

$200.00

$200.00

$205.00

Meat Production (million lbs)  
   Beef

489.6

505.0

503.0

   Pork

490.0

491.2

475.0

Slaughter (1,000 head)  
   Cattle

608

629

632

   Hogs

2,311

2,320

2,304

   Broilers/Fryers

154,564

154,734

154,917

Avg. Dressed Weight  
   Cattle

807

805

797

   Hogs

212

212

206

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 $ 459.50 $ 450.00

2.1%

Ammonium Nitrate $ 487.00 $ 487.00 $ 539.50

-9.7%

13-13-13 $ 452.00 $ 455.50 $ 512.50

-11.8%

17-17-17 $ 546.50 $ 546.50 $ 596.50

-8.4%

DAP (18%N, 46%P) $ 590.00 $ 590.00 $ 624.00

-5.4%

Potash $ 563.00 $ 563.00 $ 647.00

-13.0%

Lime $ 37.50 $ 37.50 $ 37.50

0.0%

Farm Diesel $ 3.44 $ 3.43 $ 3.54

-3.0%

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

$61.28

$102.98

$63.75

$115.59

5×5 or 5×6 Roll

NQ

$79.04

NQ

$84.17

Bahia        
4×5 Roll

NQ

$125.60

NQ

100

5×5 or 5×6 Roll

NQ

$86.67

NQ

86.67

Prices are $/ton
Source:  USDA-AL Dept of Ag, Market News, Montgomery, AL

Livestock Price and Production Tables: Week Ending Dec 06, 2013


Mississippi Auction Markets

Weight

Steers

Heifers

300-350

$210

$230

$185

$200

350-400

$200

$210

$170

$185

400-450

$185

$210

$170

$180

450-500

$177

$185

$157

$170

500-550

$170

$180

$140

$160

550-600

$155

$170

$140

$160

600-650

$145

$160

$135

$145

650-700

$145

$160

$135

$145

700-750

$125

$145

$120

$135

750-800

$125

$145

$120

$135

Slaughter Cows, Bulls, and Replacements
Boning (80-85% lean)

$75

$80

Boning (high-yielding)

$80

$90

Lean

$62

$75

Bulls, YG 1-2, <1,500 lbs

$85

$95

Bulls, YG 1-2, >1,500 lbs

$90

$99

             
Sm/Mdm Cow-Calf Pairs

$1,300

$1,700

Mdm/Lg Cow-Calf Pairs

$900

$1,400

Sm/Mdm Replacements

$900

$1,400

Mdm/Lg Replacements

$900

$1,200

Volume1 (head):

vs Last Week

vs Last Year

under 600 lbs

3.4%

5.5%

over 600 lbs

-22.5%

-16.9%

Slaughter Cows

3.1%

1.4%

Rep. Females

3.7%

6.0%

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 06, 2013”

Livestock Price and Production Tables: Week Ending Nov. 22, 2013


Mississippi Auction Markets

Weight

Steers

Heifers

300-350

$210

$235

$185

$205

350-400

$200

$210

$175

$185

400-450

$190

$210

$160

$180

450-500

$180

$190

$160

$180

500-550

$170

$180

$140

$160

550-600

$155

$170

$140

$160

600-650

$145

$159

$135

$145

650-700

$145

$159

$125

$135

700-750

$130

$150

$122

$130

750-800

$130

$150

$122

$130

Slaughter Cows, Bulls, and Replacements

Boning (80-85% lean)

$72

$80

Boning (high-yielding)

$80

$88

Lean

$64

$72

Bulls, YG 1-2, <1,500 lbs

$80

$92

Bulls, YG 1-2, >1,500 lbs

$90

$102

Sm/Mdm Cow-Calf Pairs

$1,300

$1,700

Mdm/Lg Cow-Calf Pairs

$1,100

$1,400

Sm/Mdm Replacements

$1,000

$1,500

Mdm/Lg Replacements

$750

$1,200

Volume1 (head):

vs Last Week

vs Last Year

under 600 lbs

-6.6%

36.3%

over 600 lbs

4.2%

23.8%

Slaughter Cows

-3.0%

60.3%

Rep. Females

-5.4%

29.0%

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 Nov. 22, 2013”

Livestock Price and Production Tables: Week Ending Nov 15, 2013


** Please note a few subtle changes with the table formats. Some prices have moved for easier viewing. **

Mississippi Auction Markets

Weight

Steers

Heifers

300-350

$210

$235

$190

$200

350-400

$200

$210

$170

$190

400-450

$190

$200

$160

$175

450-500

$175

$190

$150

$160

500-550

$160

$175

$140

$150

550-600

$160

$175

$140

$150

600-650

$146

$160

$128

$143

650-700

$146

$160

$128

$143

700-750

$122

$135

$120

$128

750-800

$122

$135

$110

$120

Slaughter Cows, Bulls, and Replacements

Boning (80-85% lean)

$70

$78
Boning (high-yielding)

$78

$84
Lean

$64

$69
Bulls, YG 1-2, <1,500 lbs

$79

$90
Bulls, YG 1-2, >1,500 lbs

$87

$102
Sm/Mdm Cow-Calf Pairs

$1,300

$1,800
Mdm/Lg Cow-Calf Pairs

$800

$1,300
Sm/Mdm Replacements

$1,000

$1,500
Mdm/Lg Replacements

$700

$1,000
Volume1 (head):

vs Last Week

vs Last Year

under 600 lbs

-1.5%

10.1%

over 600 lbs

-6.1%

-10.2%

Slaughter Cows

-1.7%

27.5%

Rep. Females

1.0%

15.7%

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 Nov 15, 2013”