National Feeder Cattle
Weekly Review
St. Joseph, Mo.
July 5,2002
Report Supplied By USDA
NATIONAL FEEDER & STOCKER
REVIEW - week ending July 5. TOTAL
RECEIPTS: TOTAL: 251,200; last week
260,000, last year N/A. Auctions: 63,600;
last week 203,500; last year N/A. Direct:
34,800; last week 56,500; last year N/A.
Video/Intemet: 152,800; last week none.
This week’s reported auction volume in
cluded 62% over 600 lbs(without the
Southeaast Complex) and 46% heifers.
The Fourth of July slowed this week’s
feeder cattle movement to a point that
made a nationwide trend difficult to es
tablish. Many auction markets across the
country were closed this week, especially
in the Southeast and in areas where re
ceipts are light and salebam owners are
looking for a good excuse to lock the gates
for a while. However, a few of the larger
early-week markets were open, like the
Oklahoma National Stockyards where
over 8500 head of feeder cattle were on
offer. Also, some of the country order
buyers were beating the bushes for avail
able cattle, despite the holiday. Trends
were mostly steady to 1.00 higher on these
limited receipts, except for the few South
eastern markets that reported prices
1.00-3.00 lower as most of the shippers in
that area were either fishing or out West
visiting customers.
Floods in central and south Texas
brought livestock trading to a halt as
some areas received as much as twenty
live inches in less than a week. Oklaho-
ma’s moderate rain was more welcome, as
was the spotty rain in many areas
through the mid-section of the United
States. But, drought conditions continue
to be severe in the mountain states and
across the northern plains. The combelt is
also starting to get seriously dry under
steamy temperatures and abnormally
high winds. This is causing crop estimates
to be adjusted lower and lending support
to com futures, which scares cattle feed
ers that have been depending on cheap
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High Plains feedlots managed a steady
market of 64.00 by holding out until Fri
day, but northern areas lost 2.00 earlier in
the week to close at mostly 99.00 dressed.
Last week’s four-day Superior Video Auc
tion results suggest that cattle feeders are
starting to realize that the slaughter cattle
market might not be solely responsible for
the huge losses that they have been taking
on feedlot closeouts. The bulk of the year
ling steers sold in the seventies and even
those fancy five-weight mountain calves
(that in recent years yielded a few cents
on either side of 1.00 per pound) brought
mostly in the mid- eighties for fall deliv
ery steers.
Midwest Daily
Livestock Summary
Amarillo, Texas
July 9,2002
Report Supplied By USDA
In the five area direct not enough re
portable sales of both live and dressed
trade accurate market comparison. LIVE
STEERS: 65-80% Choice 61.00-62.00,
weighted average 61.63; 35-65% Choice
62.00. DRESSED STEERS; 65-80%
Choice 97.00-98.00, weighted average
price 97.87; 35-65% Choice 97.00-98.00,
weighted average 97.57. LIVE HEIFERS:
over 80% Choice 61.65- 62.00, weighted
average 61.83. DRESSED HEIFERS:
35-65% Choice 97.00.
Terminal Markets: South St. Paul ter
minal market compared to yesterday
slaughter steers, heifers and Holstein
steers traded at steady price levels.
STEERS: Choice 2-3, 1155-1495 lbs
62.50-63.20. Select and Choice 2-3,
1195-1440 lbs 61.35-62.50. HOLSTEIN
STEERS: Choice, few Prime 2-3,
1295-1705 lbs 56.00-57.75, few
58.00- crossbreds 60.25-62.00. Select
and Choice 2-3, 1390-1655 lbs
54.00- HEIFERS: Choice 2-3,
1040-1475 lbs 61.50-62.75. Select and
Choice 2-3 1085-1320 lbs 59.00-60.35.
Cattle slaughter under federal inspec
tion on Tuesday was estimated at 131,000
head compared to 134,000 a week ago
and 128,000 a year ago. Week to date
through Tuesday 260,000 head compared
to 269,000 a week ago and 254,000 head a
year ago.
CME Futures Closes for Live Cattle:
August 63.82, down 35; October 66.40,
down 17; December 67.55, up 07.
Slaughter cows at So. St. Paul terminal
sold steady. Premium White 70-75 per
cent lean over 1200 lbs 44.00-46.50.
Breakers 70-80 percent lean over 1100 lbs
42.00-44.50. Boners 80-85 percent lean
over 1050 lbs 40.00-43.00. Lean 86-90 per
cent lean over 1100 lbs 35.50-40.00.
Barrows and gilts at the South St. Paul,
MN and Sioux Falls terminal markets on
Tuesday closed I.SO-2.00 lower. At termi
nals, barrows and gilts 47-51 percent lean
220-270 lbs 36.50-39.50. Direct trade
prices are based on 185 lbs hog carcass
with 0.9-1.1 inch backfat and 6 inch
square loin/2.0 inch depth plant delivered.
National direct trade closed 0.50 lower at
41.75- with average price 53.82.
lowa-Minnesota direct trade was
1.00-1.25 lower at 41.75-57.65 with an av
erage price 54.10. The Western Combelt
close was 0.75-1.00 lower, prices
41.75- weighted average price 54.29.
The Eastern Combelt was steady to firm,
at 42.75-56.50, average price 53.30.
Hog slaughter under federal inspection
on Tuesday was estimated at 344,000
head compared to 368,000 head a week
ago and 351,000 head a year ago. Week to
date through Tuesday 684,000 head com
pared to 739,000 a week ago and 701,000
a year ago.
CME Future Closes for Lean Hogs;
July 53.92, down 97; August 49.57, down
37; October 42.05, down 75.
Slaughter lambs at So. St. Paul sold
steady to weak. Shorn: old crop lambs;
Choice, few Prime 2-3,120-140 lbs with 1-
2 pelts 75.00-78.00. Wooled: New crop;
Choice, end Prime 2-3, 110-130 lbs
78.00-82.00.
Sheep and lamb slaughter under feder
al inspection on Tuesday was estimated at
11.000 head compared to 11,000 head a
week ago and 10,000 head a year. Week
to date through Tuesday 22,000 head a
week ago compared to 22,000 a week and
20.000 a year ago.
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Five-Area Weekly Average Direct Slaughter Cattle
St. Joseph, Mo., July 8, 2002 - USDA Market News Service
Sales in Texas/Oklahoma; Kansas; Nebraska;
Colorado; and lowa/Minnesota Feedlots for
Week Ending Sunday, July 7, 2002
Confirmed Sales: 120,516; Week Ago
SLAUGHTER STEERS
Head
Count
Over 80% Choice 1,753
65-80% Choice 7,519
35-65% Choice 31,350
1-35% Choice 1,949
SLAUGHTER HEIFERS
Over 80% Choice
65-80% Choice
35-65% Choice
1-35% Choice
DRESSED BASK
SLAUGHTER STI
Over 80% Choice 1.379
65-80% Choice 8,467
35-65% Choice 11,490
1-35% Choice
SLAUGHTER HEIFERS
Over 80% Choice 690
65-80% Choice 3,066
35-65% Choice 8,465
1-35% Choice 84
Wei
Head Count Avg. Weight
Live Steer 42,271 1,282 9
Live Heifer 33,652 1,157 5
Dressed Steel 21,336 839 0
Dressed Heif 12,305 766 8
Week Ago Weighted Averages:
Live Steer 49,781
Live Heifer 38.618
Dressed Steer 39.105
Dressed Heifer 22,703
Year Ago Weighted Averages:
Live Steer 55,079
Lite Heifer 47,750
Dressed Steer 36,986
Dressed Heifer 30,974
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Weight
Range
1000-1550
825-1600
882-1648
891-1688
1,427
950-1475
885-1475
568-1561
931-1760
3,342
26,539
344
500-1070
568-1080
605-1024
568-1006
504-1016
557-1011
644- 844
;hted Averages
lated Weii
ccumul
169,670; Year Ago- 194,028
Price Avg. Avg.
Weight Price
1,329 63 66
1,316 63 04
1,276 63 74
1.226 63 50
Range
63 00-64 00
61 00-64 50
62 00-65 00
62 00-64 00
1,212
1,205
1.145
1,143
62 50-64 00
62 00-64 50
62 00-64 50
63 00-64 00
864
837
838
97 50-102 00
97 50-101 75
98 50-101 00
775 99 01
751 99 06
772 98 98
744 100 00
97 00-101 00
97 00-101.00
98 00-100 00
100 00-100 00
Beef Bre
Avg. Price
63 60
63 75
99 18
99 01
63 78
63 88
101 00
100 93
1,265 7
1,143 7
835 2
759 6
70 37
70 38
113 83
113 27
1,241 8
1,1195
794 2
723 9
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