National Feeder Cattle
Weekly Summary
St. Joseph, Mo.
May 24,2002
Report Supplied By USDA
NATIONAL FEEDER CATTLE
SUMMARY - week ending May 24. Re
ceipts: Total - 309,700, last week 291,800.
Auctions - 203,300, last week 220.100. Di
rect - 43,200, last week 71,700. Video/
Internet - 63,200, last week none. Old
Format - 123,200, last week 152,800, last
year 153,400. This week’s auction volume
included 54 percent over 600 lbs and 48
percent heifers.
Compared to last week, feeder steers
and heifers sold weak to 2.00 lower. High
Plains auctions continue to have big sales
with the Oklahoma National Stockyards
selling over 60,000 head of feeder cattle in
the past month alone. This is the fruition
of just how light the wheat cattle con
tracting has been this spring. This week’s
receipts were mostly made up of heavy
yearlings, except for the Southeast where
trends were as much as 4.00 lower and
the offerings were mostly plain quality old
crop calves. Orders for lightweight cattle
from east Texas across to Florida have
slacked off over the past few weeks as
most summer pastures have been stocked.
However, moderate demand for grazing
cattle remains in certain areas of the Mid-
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BiicKEYE TREATS SUPERMASK Vetrap Bandages
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HOURS
Mon. - Fri. 8 am. to 7.p.m
Sat. 8 a.m. to 4 p.m.
FEEDS
A needs
ss
THIS IS A SMALL SAMPLING OF SALE ITEMS
west where rainfall has been plentiful.
But, this demand is only for a few head
here and there and is being satisfied by
the light offerings in the local auction
markets at slightly higher prices. Very
few backgrounders are in the market for
loads of Southeastern cattle this time of
year.
The cornbelt continues to try and sow
corn and soybeans amid wet conditions
which returned late in the week, after a
few days of reprieve. Further west, the
dust continues to blow and the fear of fire
on both the range and forest is over
whelming. The worst of the drought runs
from the Texas Panhandle and New Mex
ico up through western Kansas and the
cow-calf country of Colorado and Wyo
ming, where ranchers continue to sell off
breeding stock. Salebams in La Junta,
Colorado are currently running twice
their normal receipts with cow and calf
pairs making up as much as half of the
run. Montana has recently seen some
much needed moisture but it will take
months of relief to help conditions that
have deteriorated over the past few years
of drought. A moderate volume of fin
ished steers and heifers sold 2.00-3.00
lower at mostly 64.00 on Tuesday.
This early-week trade was brought on
by sharply lower futures and the fear of
negative beef publicity that continues to
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plague our industry. However, the futures
market rebounded later in the week and
good beef consumption is expected for the
Memorial Day holiday. Unfortunately,
the densely populated areas of the North
east are forecasting cool and damp weath
er for the long weekend which could curb
backyard grilling.
Dairy Products
Prices Highlights
Washington, D. C.
May 24,2002
Report Supplied By NASS/USDA
DAIRY PRODUCTS PRICES HIGH
LIGHTS:
CHEDDAR CHEESE prices received
for US 40 pound Blocks averaged $1.22
per pound for the week ending May 18.
The price per pound decreased 1.6 cents
from the previous week. The price for US
SOO pound Barrels adjusted to 38 percent
moisture averaged $1.21 per pound, down
2.3 cents from the previous week.
BUTTER prices received for 25 kilo
gram and 68 pound boxes meeting USDA
Grade AA standards averaged $1.04 per
pound for the week ending May 18. The
U.S. price per pound increased 1.0 cents
from the previous week.
NONFAT DRY MILK prices received
for bag, tote and tanker sales meeting
USDA Extra Grade or USPH Grade A
standards averaged 89.9 cents per pound
for the week ending May 18. The U.S.
price per pound increased 0.2 cents from
the previous week.
DREY WHEY prices received for bag,
tote and tanker sales meeting USDA
Extra Grade standards averaged 17.1
cents per pound for the week ending May
18. The U.S. price per pound decreased
1.3 cents from the previous week.
East Fluid Milk
And Cream Review
Madison, Wis.
May 29,2002
Report Supplied by USDA
Spot prices of class II cream, dol
lars per lb. butterfat: F. 0.8. produc
ing plants: Northeast: 1.300-1.3832
Delivered Equivalent: Atlanta:
1.2688-1.3832 mostly 1.2688-1.2896.
PRICES OF CONDENSED
SKIM, dollars per lb. wet solids,
F. 0.8. producing plants: Northeast:
Class 11, includes monthly formula
prices: .9200-1.0250; Class 111 - spot
prices - .7500-.9600.
SPOT SHIPMENTS OF GRADE
A MILK: FLORIDA: This week - In
0, Out 109; last week - In 0, Out 80;
$6”
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BUCKEYE
Lancaster Farming, Saturday, June 1,2002-Al9
last year - In 0, Out 194. SOUTH
EAST STATES: This week - In 0,
Out 0; last week - In 0, Out 0; last
year - In 0, Out 0.
Memorial Day weekend brought
more milk than most contacts had
seen for several years. Most manu
facturing plants from North to South
were full and a few had to turn away
milk. Milk production continues to
increase in parts of the Southeast
and Middle Atlantic areas as temper
atures have been relatively cool. In
the Northeast, the milk flow is near
peak levels, but the wet cool weather
has delayed cows being turned out to
pasture or fed green chop. Alfalfa
and/or pasture grass has not grown
as quickly as expected due to the
long, cold spring. Normally, first cut
ting hay is “down” by Memorial Day
weekend. This year, field crop plant
ings are behind schedule and farmers
are getting that done before turning
their attention to making hay. Bot
tled milk sales are sluggish through
out the region. More schools are now
on summer break. Some Florida
schools are still in session, but most
Southeastern schools are done for the
school year.
In the Northeast, schools have an
other 2-3 weeks before closing. Me
morial Day marks the be
ginning of the “summer
season” along the Eastern
Shore. Bottled milk sales
into that area did not show
significant improvement
prior to or during the holi
day weekend. Florida han
dlers shipped nearly 200
loads out of state to manu
facturing plants. This num
ber is a significant jump
from past weeks and may
increase next week if trucks
can be found to haul it
north.
In the Northeast, manu
facturing plants are also
lull. Contacts are reporting
that the holiday weekend
did cause a few problems,
but everyone worked to
gether and the milk got
cleared. Some plants were
still trying to get caught up
at midweek, but this is typ
ical for a post-holiday
week.
The condensed skim
market is little changed.
Demand is slow to fair, but
improved after the week
end as users who were
down are back on line.
Prices are steady. The fluid
cream market is improved.
Holiday volumes were
heavy. Excess cream did
clear to chums, but vol
umes were not quite as
heavy as anticipated and
not as much moved to Mid
west chums. Demand from
ice cream makers, cream
cheese producers, and bot
tlers did improve early this
week. Actually, suppliers
have commented that
cream was a little “snug”
at midweek, but they did
have late-week loads still
looking for a home. Spot
prices are about 7-8 cents
lower as last week’s CME
average price fell nearly six
cents. In light of the im
proved midweek buying in
terest, multiples did move
higher at the low end of the
range.
Paste Warmer
Limit to 18 per customer
Nutrition
A lesson
well learned.
Lancaster
Farming's