A2O-Lancaster Farming, Saturday, January 18, 2003
National Feeder Cattle
Weekly Review
St. Joseph, Mo.
January 10,2003
Report Supplied By USDA
NATIONAL FEEDER & STOCKER
SUMMARY for week ending Jan. 10,
2003. Total Receipts: 512,200, last week
84,600. Direct 75,000;1a5t week 34,200.
Video/Intemet 1,400, last week 21,100.
Auctions 435,800, last week 29,300. This
weeks reported auction volume included
48 percent over 600 lb and 42 percent
heifers.
Feeder and stocker cattle marketing
was very active this past week, following
the long holiday break. Price comparisons
were difficult after a nearly three week hi
atus, but in general most feeder markets
were slightly higher this week than they
were before Christmas. However, for
those few areas that had auction or direct
sales last week, this weeks prices trended
lower especially on yearling feeder cattle.
Receipts were very heavy this past week,
especially in the Northern Plains where
many livestock auctions held special sales
to kick off the New Year. North and
South Dakota reported over 86,000 head
of feeders in the auctions covered by the
Federal-State Livestock Market News
Service.
Stock Show Specials are increasing the
auction receipts in Colorado, where the
livestock industry celebrates the National
Western. The biggest of these will be Su
perior Videos Bellringer which is expect
ing around 125,000 head and scheduled
for January 15-17 in Denver. Unseason
ably warm weather swept across the mid
section of the country this week, setting
record temperatures in Kansas City, Des
Moines, and Minneapolis.
Northern feedlot areas have been
spared by winter storms this year and the
outstanding performance should help pull
some heavier numbers of finished cattle
forward and out of the glut of early sum
mer numbers. Feedlots would like to put
their entire yard on the showlist, as prices
advanced 2.00-3.00 live and mostly 5.00
dressed this week to close at mostly 78.00
and 123.00-124.00. Cattle feeders have
their hearts set on 80.00 for next week
and a continuing strong dressed beef mar
ket should make this a reality.
This fat cattle market rally lends little
support to the feeder market, as finished
prices are expected to take a sharp decline
by the time today’s feeders are ready for
slaughter. June CME Live Cattle con
tracts are more than 8.00 behind April.
But for now, fat cattle prices are still ad
vancing and you can bet that cattle feed
ers will kick this horse until its dead.
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National Carlot
Meat Report
Dcs Moines, IA
January 14,2003
Report Supplied By USDA
USDA Market News USDA Carlot
Meat 4:00 Summary: Compared to Previ
ous Day, Prices in Dollars per hundred
weight, Equated to FOB Omaha Basis.
BOXED BEEF CUTS: Boxed beef
sharply higher on moderate demand and
light offerings. Select and Choice rib,
chuck, round, and loin cuts higher. Beef
trimmings higher on moderate demand
and light offerings.
Estimated composite cutout value of
Choice 1-3, 600-750 lbs carcasses up 3.18
at 133.74, 750-900 lbs up 3.48 at 133.21;
Select 1-3, 600-750 lbs up 2.47 at 128.62,
750-900 lbs up 2.13 at 128.35; based on
150.46 loads of Choice cuts, 114.31 loads
of Select cuts, 26.81 loads of trimmings,
and 73.03 loads of coarse ground trim
mings.
Estimated carcass price equivalent
value of Choice 1-3,600-750 lbs up 1.61 at
121.13, 750-900 lbs up 1.83 at 120.74; Se
lect 1-3, 600-750 lbs up 1.26 at 115.10,
750-900 lbs up 1.04 at 114.92. Current
index reflects the equivalent of 380,269
head of cattle.
NATIONAL 5 DAY-ROLLING CUT
TER COW CUTOUT: The Cutter cow
carcass gross cutout value was estimated
at 88.17 up .17.
By-Product Drop Value: Hide and offal
from a typical slaughter steer was esti
mated at 7.90 unchanged.
NATIONAL CARLOT PORK: Sales
reported on 87.13 loads of pork cuts and
18.0 loads of trim/process pork. Com
pared to Monday’s close: Fresh bone-in
loins steady to 2.00 higher;.boston butts
firm; sknd. hams 17-20 lbs. 2.00 higher,
20-23 lbs. mostly steady, 23-27 lbs. steady;
sdls. bellies steady; lean trimmings steady
to 1.00 higher. Trading nfOderate, with
mostly moderate demand and light to
moderate offerings. \
Calculations for a 185 Carcass
51-52 percent lean hack fat
at last rib 53.90 up .57. Loins bone in
fresh V* inch trim 21 Ib/down-light
89.00- Hams bone* in trimmed,
17-20 lbs trim spec 1 47.00; 20-23 lbs trim
spec 1 44.00-45.00. Seedless bellies 12-14
lbs 79.00; 14-16 lbs 79.00; 16-18 lbs 76.00.
CARLOT LAMB CARCASS: 2,408
head reported. 30/dn 317.00-317.00; 40-45
lb 165.00-165.00; 45-50 lb 162.00-166.00;
50-55 lb 162.00-167.00; 55-60 lb
164.50-167.00; 60-65 lb 162.00-167.00;
65-75 lb 162.00-166.00; 75-85 lb
162.00- 85/up lb 165.00-165.00.
Direct Slaughter Cattle
Daily Market Review
St. Joseph, Mo.
January 15,2003
Report Supplied By USDA
National Slaughter Cattle Review as of
2 p.m.: Trading in the Southern Plains
turned active late Wednesday morning
with moderate trade activity in the North.
Slaughter cattle demand was good but
began to dissipate as procurement needs
were met. Live sales were at mostly 80.00
trending 2.00 higher than the bulk of last
week sales. Early dressed sales were at
mostly 125.00 which is 1.00 to 3.00 higher
than a week ago.
NEGOTIATED: PRICES PAID for
Domestic Slaughter Steers and Heifers
(Information derived from the 5 area
weighted average):
LIVE BASIS: STEERS; Over 80%
Choice 77.00-80.00 avg 78.70; 65-80%
Choice 75.75-80.50 avg 78.68; 35-65%
Choice 78.00-80.00 avg 79.90; under 35%
Choice 79.00-80.00 avg 79.91. Total all
grades 75.75-80.50 avg 79.78. HEIFERS:
Over 80% Choice 77.25-80.00 avg 78.99;
65-80% Choice 78.50-80.00 avg 79.52;
35-65% Choice 79.00-80.00 avg 79.84.
Total all grades; 77.25-80.00 avg 79.77.
DRESSED BASIS: STEERS: Over
80% Choice 125.00-125.00 avg 125.03;
65-80% Choice 123.00-125.00 avg 124.71;
35-65% Choice 125.00-125.00 avg 125.00.
Total all grades 123.00-125.00 avg 124.88.
HEIFERS: Over 80% Choice
125.00- avg 125.00; 65-80% Choice
123.00- avg 124.59; 35-65% Choice
124.00- avg 124.99. Total all grades
123.00- avg 124.80.
Weekly Meat Production Under Federal Inspection
WASHINGTON, D.C.. Jan. 10 - (USDA-NASS) - Total red meat
production under federal inspection for the week ending Saturday, Jan. 11,
was estimated at 894 0 million lbs., according to the USDA's
Agricultural Marketing Service. This was 14.9% higher than a week ago
and 2.5% lower than a year ago. Cumulative meat production for the year
to date was 12.4% lower compared to the previous year.
MEAT PRODUCTION (million pounds)
(excludes condemned)
Calf/Veal Pork (2)
4.1 383 1
3.3 347 9
Week Ending (1) Beef
11-Jan-03 503 0
04-Jan-03 424 0
up 18 6%
5168
Change
12-Jan-02
2 7%
755 0
883 7
Change.
2003 YTD
2002 YTD
Change. dn!4 6% dn 90% dn 93% dn!9 9% dnl2 4%
1- Previous week estimates may be levised. Year ago data are actuals
2- Excludes lard.
3- Totals may not add due to rounding 2002 totals are subject to revision
LIVESTOCK SLAUGHTER (head)
Cattle Calves/Vealers Hogs Sheep/Lambs
658.000 22,000 1,935,000 56,000
557.000 18,000 1,747,000 45,000
up 18 1% up 22 2% up 10.8% up 24.4%
678.000 20,000 1,971,000 57,000
dn 2.9% up 10.0% dn 1.8% dn 1.8%
989.000 31,000 2,942,000 80,000
1.157,000 33,000 3,236,000 96,000
dn 14.5% dn 7 3% dn9.1% dn 16.5%
Week Ending
11-Jan-03
04-Jan-03
Change'
12-Jan-02
Change:
2003 YTD.
2002 YTD:
Change:
AVERAGE WEIGHTS (lbs.)
Cattle Calves/Vealers Hogs
1270 310 268
1267 304 269
1265 320 269
Week Ending' LIVE,
11 -Jan-03 Estimate
04-Jan-03 Estimate
12-Jan-02 Actual
DRESSED:
11- Estimate
04-Jan-03 Estimate
12- Actual
PERCENTAGE OF TOTAL SLAUGHTERED BY CLASS
CATTLE HOGS
Wk Ending Steers Heifers Cows Bulls/Stags Barrows/Gilts Sows Boars/Stags
28- 504% 32.3% 16.1% 1.2% 97.3% 2.6% 0.2%
29- 51.4% 31.4% 16 0% 1.3% 97.1% 2.7% 0.2%
up 10.1%
392 0
up 24 2%
38
Dn 2 3%
583 6
643.2
up 7 9%
5 8
64
768
765
766
190
187.
197
Lamb/Mutton Totals (3)
3.8 894.0
3 1 778.3
up 22 6%
40
up 14.9%
916.6
dn 2.5%
1349 8
1540.0
dn 5 0%
54
67
Sheep/Lamb
136
137
142
199
200
200
69
69
70