(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.