(Continued from Pago A 3) to reflect the USDA’s reduction in set-aside requirements from 27.5% to 10% of base acres along with increased planting in response to higher prices and program flexibility. This year pro ducers will have until April 14 to comply with program require ments with many producers plant ing their entire acreage base. ACRES CATTLE UPDATE: Live and feeder cattle futures ended today’s session lower on selling throughout the day linked to long liquidation. Reports of slow fed trading earlier in the day pressured the opening with increased packer activity propping prices midday. Ideas that packers will begin to rely on large num bers of contract cattle for slaugh ter needs the last half of this month offset support from active fed trading at higher prices. Some pressure was linked to spillover from the pork complex and selling on ideas the market had become overbought. Feeders ended today’s session from 20 points higher on the September to 35 points lower on the January option. CME FEEDER CATTLE SET TLEMENT PRICE: 01/09/89 -$84.53 12/22/88 -$83.37. ACRES NEXT DAY OUT LOOK; cash - steady futures steady. ACRES HOG UPDATE: Live hog futures settled lower this afternoon with the February option leading declines. Selling was in response to weak cash fun damentals with many packers refraining from bidding because of unprofitable margins. Short covering late in the session boosted prices off session lows with further support linked to winter storm conditions in parts of the midwest. Bellies eased lower today but closed off session lows mi late short-covering. February live hogs closed 75 points lower at $45.42 after touching $45.25 ear lier in the day. ACRES NEXT DAY OUT LOOK; cash - steady to weaker futures - steady to lower. Oklahoma City Feeder Cattle Report Oklahoma City, Oklahoma Wedneaday, January 11, 1989 OKLAHOMA NATIONAL STOCKYARDS: WEEKLY CATTLE SUMMARY: COMPARED WITH LAST WEEK - FEEDER STEERS AND STEER CALVES UNDER 600 LBS. 52.00-J3.00 HIGHER; STEERS OVER 600 LBS. STEADY TO $l.OO HIGHER. FEEDER HEIFERS AND HEIFER CALVES FIRM TO $2.00 HIGHER. BULK OF FEEDERS COMING OFF OF WHEAT PASTURES; GOOD PERCENTAGE ARE FLESHY. IDEAL, OPEN WINTER WEATHER FOR CATTLE HAS RESULTED IN VERY GOOD GAINS. HOWEVER, LACK OF RAIN HAS CAUSED SLOW WHEAT GROWTH. PASTURES HAVE BEEN GRAZED SHORT IN SOME AREAS. ESPECIALLY IN THE WEST ERN ONE-THIRD OF THE STATE. EXODUS OFF WHEAT HAS STARTED AND WILL CONTINUE TO BE EARLY THIS YEAR IF THESE CONDITIONS PERSIST. SLAUGHTER COWS $l.OO-$1.50 LOWER THAN LAST WEEK. PACKER AND COUNTRY BUYERS COMPETING FOR COW NUMBERS. SLAUGHTER BULLS CLOSED FIRM TO $l.OO HIGHER. DEMAND CLOSED GOOD FOR BOTH FEEDER AND SLAUGHTER CATTLE WITH TRADE ACTIVE. RECEIPTS THIS WEEK 16,819; LAST WEEK 2,404; LAST YEAR 1,300 DUE TO AN ICE STORM THAT MADE LIVESTOCK MOVEMENT NEAR IMPOSSIBLE. SUPPLY INCLUDED 65% YEARLING FEEDERS; 28% FEEDER CALVES; 7% COWS & BULLS. FEEDER STEERS: MEDIUM AND LARGE FRAME 1, 200-300 LB. $115.00-S128.00; 300-400 LB. $112.00-SI 18.00; 400-450 LB. $103.00-$ 114.00; 450-500 LB. $98.50-$ 106.00; 500-600 LB. $90.00-$ 100.50; 600-700 LB. $85.75-$91.00; 700-800 LB. Unortf ftnmnfl, Saturday, January 14,1888-Al3 $83.00-887.SO; 800-900 LB. $80.50-$85.00; 900-975 LB. $77.50- $81.50. HOLSTEINS LARGE FRAME 2: 375-425 LB. $89.50890.50; 525-575 LB. $76.75- $77.75; 625-675 LB. $72.50-$75.00; 700-800 LB. $70.50-873.00; 825-975 LB. $65.75-$70.50. FEEDER HEIFERS; MEDIUM AND LARGE FRAME 1. 300-400 LB. $92.50-8102.00; 400-500 LB. $87.50-892.50; 500-600 LB. $82.00-$88.00; 600-700 LB. $80.50- $83.00; 700-800 LB. $77.50-$82.00; 800-900 LB. $74.75-$79.00. SLAUGHTER COWS: BULK CLOS ING LEVELS-CUTTER, BONING & BREAKING UTILITY 1-3 $45.75-$50.00, HIGH-DRESSING $49.00-$5380. CAN NER AND LOW DRESSING CUTTERS $39.00-$44.00. SLAUGHTER BULLS: BULK CLOS ING LEVELS-Y.G. 1, 1300-2100 LB. SSS.SO-$60.00, HIGH DRESSING & BONING $60.00-$66.75. REPLACEMENT COWS: PRE TESTED FOR BANGS, PREGNANCY, AND AGE. MEDIUM AND LARGE FRAME 1 MUSCLED COWS-- 4-7 YEAR OLD 800-950 LB. 4-7 MONTHS BRED $59.75-$65.00/CWT. CONSIGN MENTS WITH CLOSELY SPACED CALVING DATES $72.00-$81.25/CWT. 7-10 YEAR OLD 825-1100 LB. 4-8 MONTHS BRED $48.25-$58.25/CWT. 10+ YEAR OLD 875-1075 LB. 4-8 MONTHS BRED $45.00-$51.25/CWT. Westminster Livestock Auction Hagerstown, Md. Tuesday, Jan. 10, 1989 Report supplied by auction SLAUGHTER COWS; HIGH YIELD: 48.00-49.00, 1 to 52.75; UTILITY 44.00-48.00; CANNERS 39.00-44.00; SHELLY 39.00 DOWN. BULLS: YG#2 1300-1700 LBS 54-56.75 1 STAND. @ 50.75 FED STEERS: 1050-1250 LBS. CHOICE 70-74; SELECT 65-71; STAND. TO SELECT 1500-1900 LBS. 55-65. FED HEIFERS: 800-1000 LBS. SELECT TO CHOICE 60-65; UTILITY 47-52. VEAL CALVES: 140-350 LBS. CHOICE 95.00-110.00; GOOD 80.00- CULLS 80-120 LBS. 68.00- 50-80 LBS. 60.0068.00. FARM CALVES, HOLSTEIN BULLS: 100-120 LBS. UR TO 150 BULK 120.00146.00; 90100 LBS. 85.00115.00. HOLSTEIN HEIFERS: 85.00119.00; BEEF X BULLS TO 107.00; HEIFERS 75.0080.00. BUTCHER HOGS: US#l & 2 220250 LBS. 45.35; US #T A 3 43.0044.25; 260280 LBS. 37.004050; 300365 LBS 33.5039.50. SOWS: 300500 LBS. 30.0034.75; 500700 LBS. 32.0035.50; THIN SOWS 28.0030.75. BOARS: 28.00-30.75; THIN OR ROUGH 23.0027.00. STOCK CATTLE: STEERS 300 LBS. 85.0010000; 400 LBS. 80.0089.50; 600 LBS 69.00-78.00; 900-1000 LBS. 61.0071.50. HEIFERS: 300-450 LBS. 70.00-82.00; 1 AT 89.00; SOO-700 LBS. 60.00-68.00, 2 AT 75.00; 700-950 LBS. 58,00-64.50. BULLS: (1) 300 LB. @ 91.00; 400-600 LBS. 78.00-86.00; 600-700 LBS. 65.00-72.00. LAMBS: 120-140 LBS. 52.00-65.50; 140-200 LBS. 46.00-47.00. SHEEP: 30.00-33.00. GOATS: LARGE 55.00-76.00; FLESHY 35.00-50.00; MEDIUM 40.00-55.00; THIN 20.00-35.00. PIGS AND SHOATS; BY THE HEAD, 15-30 LBS. 13.00-17.00; 30-50 LBS. 17.00-28.00; 50-70 LBS. 25.0a37.00; 70-100 LBS UP TO 45 00. BY. THE POUND; 1 LOT 81 LBS. f 47 00; 15ai90 LBS. 30.0a38.50.
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