National Feeder Cattle
Weekly Summary
St. Joseph, Mo.
January 11,2002
Report Supplied By USDA
NATIONAL FEEDER CATTLE
SUMMARY for week ending Jan. 11.
Receipts: This week 238,900; last week
41,400; year ago 276,400. This week’s re
ported volume included 49% over 600
lbs. Compared to last week: feeder steers
and heifers opened the week slightly
higher, especially on heavier weights
that have a chance to finish with an
April basis. However, pressure late in the
week quickly forced prices south and the
yearling market finished the week
steady to 2.00 lower. Steer and heifer
calves traded steady to 2.00 higher this
week with good demand reported in
most areas by the USDA’s Livestock
Market News Service.
Many markets, especially in the
Southeast, are just now getting back to
business following the holiday break, so
price comparisons were difficult. Buyers
ganged up on heavy yearlings in hopes of
hitting this spring’s projected lull in
market-ready slaughter cattle. These
cattle will have to hurry to be fat in time,
but things may work out if the weather
continues mild and feedlot performances
remain outstanding.
ren:
/ * W 1
The PA Crop Insurance Assistance Program has
been extended for crop year 2002. Benefits
include:
To receive
insurance
www.RMA@usda.gov.
Enrollment Deadline:
Pennsylvania encourages growers to have crop insurance protection as part of their farming risk
management plan. AH policy fees and approximately 20 percent of net premium costs are paid for
growers.
Sponsored by the PA Department of Agriculture with cost share support from RMA/USDA.
Cattle feeders are just desperate to
find something that will work and a
simple breakeven would be great, com
pared to these triple-digit per head
losses. Trading activity slowed late in the
week and buyers turned cautious. Pack
ers used their favorite haggling tech
nique by holding feedlots at bay amid
higher market indicators, until the fu
tures turned lower on Thursday and
then offered steady money.
This week’s 3-day Superior Video
Auction featured 90,000 head of feeder
cattle and calves. Thursday’s early trad
ing was active and prices were generous
on predominantly yearlings in the South
Central Region. However, Friday’s video
sales were much calmer with the fancier
North-Central Region yearlings selling
for less with additional pressure from
sharply lower CME Feeder Cattle Fu
tures.
Dressed beef prices have held their
own following the holidays, but heavy
carcasses continue to weigh on the mar
ket’s potential. The heavier weights are
not necessarily from putting-off fat
cattle sales, but rather an attempt by
feeders to hit the sweet spots in grid pric
ing. Feedlots must put weight on, to take
advantage of cheap feed and achieve the
marbling required for premiums.
The cattle feeders that are still selling
on a negotiated price are paying the pen-
s »
FREE “CAT” Coverage
Discounted Premiums & Fees
(Paid for “BUY-UP” Coverage)
these
agent
Sam Hayes
Secretary of Agriculture
Pennsylvania Crop
Insurance Program
benefits, contact a crop
List available at
today.
March 15 - Spring crops
alty for these heavier cattle. Despite the
slim chance of making a dollar, buyers
continue to pay more for feeder cattle
than their pencil’s say they should. The
same is true for farmers and back
grounders, who continue to pay well
over 1.00 per pound for five-weight steer
calves It’s not that they think they can
make it work, it’s only that they already
have the facilities and the feed and it’s
what they’ve always done. This perspec
tive makes the cow-calf business look
appealing. Now, get ready to pay near a
thousand dollars per head for bred heif
ers or young bred cows and try to com
pete with millionaires and
conservationists for some ranch ground
Lynchburg Weekly State
Graded Feeder Cattle
Richmond, Va.
January 15,2002
Report Supplied By USDA
STATE GRADED FEEDER
CATTLE for Mon., Jan. 14; 1427 head;
787 steers; 640 heifers. Prices follow with
average weights and average prices in
parentheses where applicable.
STEERS: Med. and Lge. 1: 13 head
300-400 lb (361 lb) 114-115.00 (114.85);
76 head 400-500 lb (460 lb) 102.50-
105.50 (104.59); 119 head SOO-600 lb
(551 lb) 93-93.50 (93.43); 95 head 600-
700 lb (640 lb) 82-83.50 (83.20); 36 head
700-800 lb (735 lb) 79-79.75 (79.65).
Med. and Lge. 2: 21 head 300-400 lb
(352 lb) 114-119.00 (118.54); 43 head
400-500 lb (459 lb) 103-103.50 (103.37);
50 head 500-600 lb (547 lb) 89.50; 27
head 600-700 lb (634 lb) 81-81.50 (81.33);
6 head 700-800 lb (742 lb) 74.50.
Med. and Lge. 3; 6 head 300-400 lb (375
lb) 97.00; 14 head 400-500 lb (448 lb)
83.50-87.00 (85.80); 11 head 500-600 lb
(547 lb) 80.25; 5 head 600-700 lb (640 lb)
77.50.
SmaU 1: 13 head 300-400 lb (367 lb) 94-
105.50 (103.24); 42 head 400-500 lb (452
lb) 85-94.00 (92.93); 30 head 500-600 lb
(544 lb) 75-83.00 (82.19); 9 head 650-700
lb (653 lb) 76.75.
HEIFERS; Med. and Lge. 1: 12 head
300-400 lb (367 lb) 94-105.00 (103.24); 42
head 400-500 lb (454 lb) 86.75-88.00
(87.65); 88 head 500-600 lb (541 lb)
77.50-78.50 (77.77); 53 head 600-700 lb
(637 lb) 75-75.75 (75.23); 6 head 700-800
lb (741 lb) 69-74.75 (70.89).
Med. and Lge. 2: S 3 head 300-400 lb
(458 lb) 99.50-99.75 (9.70); 118 head 400-
500 lb (448 lb) 85.25-88.75 (86.19); 68
head 500-600 lb (542 lb) 79.25; 22 head
600-700 lb (648 lb) 73.75-76.50 (75.64).
Med. and Lge. 3: IS head 300-400 lb
(364 lb) 88.50-91.50 (89.74); 40 head 400-
500 lb (446 lb) 78-81.50 (80.87); 25 head
500-600 lb (537 lb) 74.75-76.26 (75.28).
Lancaster Farming, Saturday, January 19,2002-Al5
Small 1: 30 head 300-400 lb (376 lb) 80-
90.75 (89.36); 81 head 400-500 lb (453 lb)
76.50-82.00 (81.64); 38 head 500-600 lb
(541 lb) 74.00.
REGULAR WEEKLY AUCTION,
Jan. 14: FEEDER CATTLE: 815 head.
Prices based on in weights.
HOLSTEIN STEERS; 20 head. Med.
and Lge. 2: 300-500 lb 74.00; 500-700 lb
66.00.
BULLS: 295 head. Med. and Lge. 1:
300-400 lb 110-115.00; 400-500 lb 91-
111.00; 500-600 lb 85-86.50. Med. and
Lge. 2:200-300 lb 100-108.00; 300-400 lb
111-116.00; 400-500 lb 91-107.50; 500-
6001 b 82-83.00.
Sheep and Goats
Direct Buying Market
Nashville, Tenn.
January 15,2002
Report Supplied By USDA
Possum Hollow Sheep and Goat
Direct Buying Market at McMinnville,
Tenn. Prices updated every Tuesday as
of 1/15/02. Estimated receipts this week
1,500 head: last week 2,300.* Trends:
Lambs steady; ewes and rams steady to
2 00 higher. Kid goats 2.00 to 5.00 lower;
mature goats steady to 3.00 lower Prices
per CWT.
SHEEP. Prime and Choice Slaughter
Lambs 40-60 lbs 90-110.00,60-80 lbs 75-
90 00; 80-110 lbs 60-75.00; 100-120 lbs
55.00-65.00 FEEDER LAMBS: 40-60
lbs 75-85,00; 60-80 lbs 68-75.00
SLAUGHTER EWES & RAMS. All
Weights 32-40.00
GOATS: KIDS; Prime and Choice JO
-45 lbs 82-90 00; 50-75 lbs 88-95 00
GOOD KIDS & YEARLINGS- 30-45 lbs
72-80.00, 50-70 lbs 72-80 00 BOER
CROSS KIDS 30-45 lbs 85-95.00; 50-70
lbs 90-100.00. MATURE NANNIES-
Choice 60-85 lbs 55-65.00; 85 lbs and up
53-62.00. Good All Weights 45-50 00.
MATURE BILLIES- Choice and Good
75-110 lbs 70-80.00, 110 lbs and up 68-
78.00.
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