Direct Slaughter Cattle
Daily Market Review
St. Joseph, Mo.
January 8,2003
Report Supplied By USDA
National Slaughter Cattle Review as of
11 a.m.: Demand for slaughter cattle was
extremely good Tuesday afternoon
through Wednesday morning as buyers
with more money in hand than last week
aggressively sought to procure cattle.
Trade activity was moderate to active.
Compared to last week, live sales ranged
from 77.00 to 78.00, trending 2.00 to 3.00
higher and dressed prices were at mostly
122.00 which was 3.00 to 5.00 higher than
last week.
Negotiated Sales: Confirmed 64,722;
Week ago 1,202; Year ago 7,936. Week to
Date 66,904; Week ago 4,379; Year ago
14,885.
Negotiated, Formula and Contract
Purchases delivered to packers: Today
103,400; Week Ago 35,700; Year Ago
89,900. Week to Date 193,200; Week Ago
to Date 136,700; Year Ago to Date
171,400.
Negotiated, Formula and Contract
Commitments (generally for slaughter
within 7 days): Today 137,800; Week Ago
26,400; Year Ago 73,100. Week to Date
193,000; Week Ago to Date 65,100; Year
Ago to Date 126,200.
NEGOTIATED: PRICES PAID for
Domestic Slaughter Steers and Heifers
(Information derived from the 5 area
weighted average):
LIVE BASIS: STEERS: Over 80%
Choice 74.00-78.50 avg 77.77; 65-80%
Choice 74.00-78.00 avg 77.05; 35-65%
Choice 76.00-78.50 avg 77.20; under 35%
Choice 76.00-78.00 avg 76.60. Total all
grades 74.00-78.50 avg 77.20. HEIFERS:
Over 80% Choice 74.00-78.50 avg 76.64;
65-80% Choice 76.00-78.50 avg 77.34;
35-65% Choice 76.00-78.50 avg 77.16.
Total all grades: 74.00-78.50 avg 77.08.
DRESSED BASIS: STEERS: Over
80% Choice 120.00-123.00 avg 121.03;
65-80% Choice 118.00-123.00 avg 121.45;
35-65% Choice 120.00-123.00 avg 121.85.
Total all grades 118.00-123.00 avg 121.58.
HEIFERS: Over 80% Choice
120.00- avg 122.01; 65-80% Choice
120.00- avg 121.64; 35-65% Choice
121.00- avg 121.66. Total all grades
120.00- avg 121.68.
National Carlot
Meat Report
Des Moines, IA
January 7,2003
Report Supplied By USDA
USDA Market News USDA Carlot
Meat 4:00 Summary: Compared to Previ
ous Day, Prices in Dollars
per hundredweight, Equated
to FOB Omaha Basis.
BOXED BEEF CUTS:
Boxed beef higher on fairly
good demand and moderate
offerings. Select and Choice
rib, chuck, round, and loin
cuts firm. Beef trimmings
generally steady on moder
ate demand and offerings.
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Estimated composite cutout value of
Choice 1-3,600-750 lbs carcasses up .83 at
123.14, 750-900 lbs up 1.35 at 122.74; Se
lect 1-3, 600-750 lbs up .65 at 118.78,
750-900 lbs up .97 at 117.93; based on
199.98 loads of Choice cuts, 150.73 loads
of Select cuts, 51.09 loads of trimmings,
and 98.22 loads of coarse ground trim
mings.
Estimated carcass price equivalent
value of Choice 1-3,600-750 lbs up .90 at
113.51, 750-900 lbs up 1.28 at 113.23; Se
lect 1-3, 600-750 lbs up .82 at 108.04,
750-900 lbs up 1.02 at 107.49. Current
index reflects the equivalent of 400,481
head of cattle.
NATIONAL CARLOT BEEF: The
Cutter cow carcass gross cutout value was
estimated at 87.37, up 1.21.
By-Product Drop Value: Hide and offal
from a typical slaughter steer was esti
mated at 7.81, up .01.
NATIONAL CARLO! PORK: Sales re
ported on 66.25 loads of pork cuts and
53.0 loads of trim/process pork. Com
pared to Monday’s close: Fresh '/«” trim
loins 2.00 lower; butts steady to 2.00 high
er; sknd. hams mostly steady to 1.00 high
er; sdls. bellies 2.00 lower; lean trimmings
steady. Trading slow to moderate, with
light to moderate demand and offerings.
Calculations for a 185 lb Pork Carcass
51-52 percent lean 0.80” -0.99” back fat
at last rib 51.33, down .33. Loins bone
in fresh 'A inch trim 21 Ib/down-light
78.00- Hams bone in trimmed,
17-20 lbs trim spec 1 44.00; 20-23 lbs trim
spec 1 42.00. Seedless bellies 12-14 lbs
79.00; 14-16 lbs 79.00; 16-18 lbs 78.00.
CARLOT LAMB CARCASS: 4,657
head reported. 30-40 lb 162.00-166.00;
40-45 lb 162.00-166.00; 45-50 lb
162.00- 50-55 lb 162.00-167.00;
55-60 lb 162.00-167.00; 60-65 lb
161.00- 65-75 lb 161.00-167.00;
75-85 lb 162.00-167.00; 85-up lb
165.00-
Midwest Daily
Livestock Summary
Amarillo, Texas
January 7,2003
Report Supplied By USDA
The direct slaughter cattle trade in the
five major marketing areas on Tuesday
was not established, however a firm un
dertone noted. STEERS: DRESSED
BASIS: over 80% Choice 120.00; 65-80%
Choice 118.00-120.00, weighted average
price 119.89; 35-65% Choice
120.00-121.00, weighted average 120.61.
HEIFERS: LIVE BASIS: over 80%
CHOICE 75.00-76.50, weighted average
price 76.41. DRESSED BASIS: over 80%
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Choice 120.00; 65-80% Choice
120.00- weighted average price
120.98; 35-65% Choice 121.00.
Terminal markets: So. St. Paul slaugh
ter steers and heifers sold steady to 1.00
higher. Steers: Choice 2-4, 1283-1480 lbs
73.00- pkg 75.60. Heifers: Choice
2-3, 1169-1267 lbs 73.00-74.70, couple
pkgs 1225-1356 lbs 75.40-76.35.
Cattle slaughter under federal inspec
tion on Tuesday was estimated at 132,000
head compared to 95,000 a week ago and
131,000 a year ago. Week to date 249,000
head compared to 226,000 a week ago
and 245,000 a year ago.
CME Futures Closes for Live Cattle:
February 81.42, up 65; April 79.67, up 05;
June 72.15, down 22.
Slaughter cows at South St. Paul sold
steady. Premium White 70-75 percent
lean 41.00-44.50. Breakers 70-80 percent
lean over 1100 lbs 40.00-43.00. Boners
80-85 percentlean over 1050 lbs
37.00- Lean 85-90 percent lean
34.00-
Barrows and gilts at terminal markets,
I. lower. 47-50 percent lean 220- 270 lbs
barrows and gilts sold from 30.50-32.50.
The direct trade prices are based on 185
lbs hog carcass with 0.9-1.1 inch back fat
and 6 inch square loin/2.0 inch depth
plant delivered. National direct trade
closed .75 lower, price range 37.00-45.95,
with average price of 42.37. lowa-So.
Minnesota direct trade was 1.00-1.25
lower, price range 37.00-45.95 with aver
age price of 42.29. The Western Combelt
was 1.00 lower, price range of 37.00-45.95,
average price 42.50. The Eastern Combelt
trend was weak, prices ranging
38.00- with an average price 42.19.
Hog slaughter under federal inspection
on Tuesday was estimated at 388,000
head compared to 346,000 a week ago
and 380,000 a year ago. Week to date
773,000 head compared to 740,000 a week
ago and 759,000 a year ago.
CME Futures Closes for Lean Hogs:
February 51.75, down 02; April 57.67,
down 22; May 62.60, down 35.
Slaughter lambs were steady on Tues
day at So. St. Paul. Shorn, Choice, end
Prime 2-3, 125-145 lbs 83.00-85.00; Wool
ed. Choice, end Prime 2-3, 110-125 lbs
78.00- 125-145 lbs 81.00-83.00.
Sheep and lamb slaughter under feder
al inspection on Tuesday was estimated at
11, head compared to 10,000 a week
ago and 11,000 a year ago. Week to date
22,000 head compared to 21,000 a week
ago and 23,000 a year ago.
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National Slaughter Cattle
Weekly Review
Oklahoma City, Okla.
January 3,2003
Report Supplied By USDA
National Slaughter Cattle Summary -
Week Ending Jan. 3, 2003: Slaughter cat
tle trade opened Thursday 1.00-2.00 high
er on live basis and 3.00 higher dressed.
Packers short bought and needing cattle
for full slaughter schedule next week.
USDA’s boxed beef cut-out values Friday
morning averaged 119.09 up 2 cents from
last Friday. Sales of slaughter cattle on a
national basis for negotiated cash trades
totaled 202,550 through 10:00 a.m. Fri
day. Last week’s full count was 170,400.
Weekly Meat Production Under Federal Inspection
WASHINGTON, D.C., Jan. 3 - (USDA-NASS) - Total red meat
production under federal inspection for the week ending Saturday, Jan. 4,
was estimated at 778.3 million lbs., according to the USDA's
Agricultural Marketing Service. This was 7.9% higher than a week ago
and 3.8% higher than a year ago.
MEAT PRODUCTION (million pounds)
(excludes condemned)
Calf/Veal Pork (2)
3 3 347.9
3.0 314.5
Week Ending (1) Beef
04-Jan-02 424.0
28-Dec-02 400.6
up 5 8%
433.2
Change:
05-Jan-02
dn 2 1%
252.0
366.9
Change:
2003 YTD:
2002 YTD
Change; dn31.3% dn 34.0% dn 20.2% dn417% dn 26.9%
1- Previous week estimates may be revised. Year ago data are actuals.
2- Excludes lard.
may not add due to rounding 2002 totals are subject to revision
LIVESTOCK SLAUGHTER (head)
Cattle Calves/Vealers Hogs Sheep/Lambs
557.000 18.000 1,747,000 45,000
525.000 16,000 1,580,000 45,000
up 61% up 12.5% up 10.6% 0%
566.000 17,000 1,562,000 48,000
dn 1.6% up 5.9% up 11.8% dn 6.3%
331.000 9,000 1,007.000 24.000
479.000 14,000 1,265,000 39.000
dn 30.9%. dn 34 0% dn 20 4% dn 38 5%
AVERAGE WEIGHTS (lbs.)
Cattle Calves/Vealers Hogs
1267 304 269
1267 305 269
1263 312 267
Week Ending
04-
28-Dec-02
Change:
05-
Change.
2003 YTD.
2002 YTD-
Change.
Week Ending- LIVE
-0- Estimate
28-Dec-02 Estimate
05- Actual
DRESSED
-0- Estimate 200
28-Dec-02 Estimate 200
05- Actual 199
PERCENTAGE OF TOTAL SLAUGHTERED BY CLASS
CATTLE HOGS
Wk Ending Steers Heiters Cows Bulls/Stdgs | Barrows/Gilts Sows Boars/Stags
21- 47.1% 32 9% 18 4% 16% . 96 8% 30% 03%
22- 50 3% 315% 16 6% 17% 96 8% 29% 03%
UIPMENT
Midwest Direct Markets: Live Basis:
Steers and Heifers: 35-80 percent Choice,
900-1400 lbs 74.00-75.50, wted avg 74.78.
Dressed Basis: Steers and Heifers:
35-80 percent Choice, 550-950 lbs.
116.00-119.00, wted avg 118.16.
High Plains Direct Markets: Live Basis:
Steers and Heifers 35-65 percent Choice,
900-1400 lbs 74.00-75.50, wted avg 74.%.
Slaughter Cows and Bulls (Average
Yielding): Slaughter cow and bull market
not tested as most auction barns closed
for the holidays. USDA’s Cutter cow car-
cass cut-out value closed Thursday at
86.16 up 3.71 from last Friday.
up 10.6%
310.1
up 10.0%
3.3
up 12.2%
200.5
251.2
0%
1 7
2.6
187
187
192
765
767
770
Parts available to be shipped
at a moment’s notice
HERS
I HAN
Lamb/Mutton Totals (3)
3 1 778 3
3.1 721.2
up 7.9%
750.1
up 3 8%
455 8
623 4
dn 8.8%
1 6
2.7
Sheep/Lamb
137
137
143
VAN DALE'