AlB-Lancaster Farming, Saturday, January 25, 2003
National Feeder Cattle
Weekly Review
St. Joseph, Mo.
January 17,2003
Report Supplied By USDA
NATIONAL FEEDER & STOCKER
SUMMARY for week ending Jan. 17,
2003. Total Receipts - 484,600. last week
512,200. Direct 49,800; last week 75,000.
Video/Internet 47,200, last week 1,400
Auctions 387,600, last week 435,800. This
weeks reported auction volume included
48 percent over 600 lb and 43 percent
heifers.
Compared to last week, feeder steers
and heifers sold 2.00-4.00 lower on much
lighter demand and slower trading. The
full decline was posted on weights over
700 lbs that are due to finish in late May
or June. Stocker prices ended the week
from steady to 3.00 lower with uneven de
mand, depending on location. Winter
wheat areas and certain parts of the
Southeast were able to hold their calf
market together as recent snows and rains
have enhanced grazing conditions. On the
other hand, dry weather in the Midwest
has put considerable pressure on Stocker
demand and many producers have run
out of both feed and water. Colorado's
calf market was flooded with heavy re
ceipts this week with many markets hold
ing National Western Stock Show Spe
cials.
Friday’s USDA cattle-on-feed report
should not cause much of a splash as the
data was much as expected, except for
better than predicted marketings for De
cember. On-feed numbers were 92 percent
of last year’s, placements were 4 percent
higher and finished sales were 1 percent
higher than 2002.
Fat cattle prices hit the magic “80.00”
mark this week, with dressed sales from
124.00-125.00. Boxed beef prices are as
high as they have been since the start of
the current method of reporting, which
was in the early 1990'5.
Cattle feeders are finally getting their
turn to show a profit in this industry and
it seemed like the cards would continue to
fall in their favor. That is until this week,
when yet another unfounded news report
blindsided the market. This is time it
wasn’t Oprah’s fault or a pen-full of old
cows in Kansas. An employee of Texas
Tech University failed to account for a
few vials of plague bacteria. Somehow,
the media connected this with the cattle
industry. Perhaps it was Lubbock’s close
proximity to the Texas Panhandle Feedlot
Industry. In any event, Wednesday’s
CME Live and Feeder Cattle Futures
posted limit-down settlements. Even
though the whole fiasco was disproved
the following day, the damage was done
and the markets did not recover. The cat
tle market is very sensitive and the next
collapse may have something to do with
those decorative fiberglass cows that have
become popular in many US cities.
U. S. Milk
Production Up
1.8 Percent In
December
Washington, O.C.
January 17, 2003
Report Supplied By
NASS/USDA
WASHINGTON, D. C.
Milk production in the 20
major States during Decem
ber totaled 12.2 billion
pounds, up 1.8 percent from
December 2001.
November revised pro
duction, at 11.7 billion
pounds, was up 1.4 percent
from November 2001. The
November revision repre
sented a decrease of 0.4 per
cent or 43 million pounds
from last month’s prelimi
nary production estimate.
Production per cow in the
20 major States averaged
1,567 pounds for December,
18 pounds above December
2001.
The number of cows on
farms in the 20 major States
was 7.80 million head,
47,000 head more than De
cember 2001, and 6,000
head more than November
2002.
October-December Milk
Production Up 1.7 Percent;
1 he quarterly production of
milk for the U.S. was 41.5
billion pounds, 1.7 percent
above the October-Decem
ber period last year. The av
erage number of milk cows
in the U.S. during the quar
ter was 9.15 million head,
43,000 head more than the
same period last year.
Eastern Combelt Direct
Feeder Cattle Weekly
Springfield, 111.
January 17,2003
Report Supplied By USDA
Eastern Cornbelt Direct Feeder Cattle
Summary Illinois, Indiana, Michigan,
and Ohio: Feeder cattle prices were firm
to 3.00 higher. Demand was moderate
and trading activity was slow to moder
ate. Reported sales consisted of about 8%
beef steers, 85% heifers and 7% Holstein
steers. Approximately 739 r of the cattle
marketed this week weighed over 600 lbs.
Confirmed sales 1000 this week, 950 last
week and 600 last year.
FEEDER STEERS: Medium and
Large 1-2. load lot 725 lbs 84.50.
HOLSTEIN STEERS: Medium and
Large 3: load lot 625 lbs 63.00.
FEEDER HEIFERS: Medium and
Large 1-2: load lot 525 lbs 88.00; 550-625
lbs 82.50-85.00; 625-700 lbs 80.00-82.00;
725-850 lbs 78.50-82.00.
Prices are based FOB the farm unless
otherwise indicated. Delivered prices in
clude freight, commissions, and other ex
penses.
Kentucky Feeder
Cattle Sales
Lexington, Ky.
January 21,2003
Report Supplied By USDA
BLUE GRASS STOCKYARDS Daily
Auction Report: Est. Receipts: 2100 head.
Compared to Monday: Steer and heifer
calves mostly steady; yearling heifers 1.00
to 3.00 lower. Holsteins poor early test.
FEEDER STEERS: Medium and
Large 1; 300-350 lbs 102.00-106.00,
350-400 lbs 104.00-105.00; 400-450 lbs
94.00- 450-500 lbs 88.00-99.00;
500-550 lbs 82.00-94.00, 550-600 lbs
79.50- 600-700 lbs calves
76.50- 600-700 lbs yearlings
80.00- 700-800 lbs 74.50-79.00, in
cluding 50 head(blk-Charx) 756 lbs 77.95;
800-900 lbs 76.00-80.00, including 71
head(bbwf) 813 lbs 80.00, 54 head(blk)
834 lbs fleshy 79.50 & 57 head(mixed) 847
lbs 78.10; few 900-1000 lbs 73.00-73.75; 51
head(mixed) 1009 lbs partly fattened
77.70. Large 3 Holsteins 15 head 989 lbs
53.50.
BULL CALVES; Medium and Large 1
300-400 lbs 95.00-105.00; 400-500 lbs
86.00- few to 102.00; 500-600 lbs
77.00- 600-700 lbs 68.50-75.00.
FEEDER HEIFERS: Medium and
Large 1 300-400 lbs 80.00-89.00; 400-500
lbs 75.00-82.00; 500-600 lbs 73.00-81.50;
600-700 lbs 70.00-77.10, including 55
head (Charx) 603 lbs 77.10 & 54
head(mixed) 619 lbs 74.10; 700-800 lbs
70.00- including 23 head(Charx)
744 lbs 75.70. Small and Medium 1-2 35
head(bbwf) 642 lbs 75.90.
East Coast and North
Central Veal Report
Des Moines, lowa
January 21,2003
Supplied By USDA
CARLOT VEAL CARCASS REPORT;
Northeast and North Central Basis: Com
pared to trading last week: Northeast spe
cial fed veal steady to weak on mostly
light to moderate offerings and demand.
North Central steady on light offerings
and demand Market undertone unset
tled, trending steady to weak.
VEAL CARCASS, SPECIAL TED,
HOT BASIS, FOB PRODUCTION
POINTS: Northeast 1,010 head; Hide-Off,
215-275 lb- 192-195.00. North Central 462
head; Hide-On, 240-300 lbs 170-176.00.
CONTRACT INFORMATION: Hot
Basis, Hide-Off (As of January 22, 2003):
Contract calves slaughtered this week:
195.00- mostly 202.00-208.00.
Packers base market 185.00-195.00. Fu
ture contracts offered: Firm Bottom
178.00- Firm Top 198.00-203.00.
Firm Bottom, 180.00, Split Half Top
200.00 Fixed 184.00 and 185.00.
•North Central - OH, IN, 11, MI & WI.
•Northeast - MA, MD, PA, NY, NJ, DE,
CT& VT.
WEEKLY DISTRIBUTIVE, LESS
THAN CARLOT, EAST COAST AREA
VEAL CUTS TRADE, SPECIAL FED:
Market for Tuesday, Jan. 21 Compared
to last week: Distributive special fed veal
cuts are trading steady to occasionally
weak except for square cut chucks trading
occasionally higher. Movement is slow on
light to mostly moderate offerings and a
mostly light to moderate demand.
Prices per CWT: Carcass, hide off
200-250 lb 205-245.00; Foresaddles 85-110
lb 170-180.00; Kosher Foresaddles 90-110
lb 195-205.00; Hindsaddles 85-115 lb
280-300.00; Loins, regular 17-25 lb
250-295.00; Loins, 4x4 trmd 12-18 lb
400-450.00; Hotel Racks, 8 rib 15-21 lb
415-450.00,7 rib 14-20 lb 455-480.00,6 rib
13-17 lb 495-525.00; Chuck, square cut
36-47 lb 95-120.00; Shoulder, full 14-20 lb
125-160.00; Legs, double 70-90 lb
275-310.00, TBS 3-piece 24-32 lb
550-635.00, BHS heel-out 27-35 lb
350-425.00; Top Round, trmd,
cap-off 8-10 lb 700-800.00; Breast
10-12 lb 65-80.00; Necks, bone-in
24-28 lb 110-130.00; Stew Meat,
regular 200-225.00; Boneless
Trimmings 75-80% lean 50-62.00;
Heavy Nature Green Hides, per
piece 37-41.00.
Five-Area Weekly Average Direct Slaughter Cattle
St. Joseph, Mo., January 20, 2003 - USDA Market News Service
Sales in Texas/Oklahoma; Kansas; Nebraska;
Colorado; and lowa/Minnesota Feedlots for
Week Ending Sunday, January 19, 2003
Confirmed Sales: 166,372; Week Ago: 228.663; Year Ago: 174,141
SLAUGHTER STEERS
IHead
1.226
4,879
46,732
Ovei 80% Choice
65-80% Choice
15-65% Choice
0-15% Choice 1.498
TOTAL all grades 54,335
SLAUGHTER HEIFERS
Over 80% Choice 1.240 1175-1125
65-80% Choice 9,812 1025-1175
35-65% Choice 42,094 1000-1110
0-15% Choice 170 1100-1200
TOTAL all grades 53,316 1000-1375
DRESSED DELIVERED BASIS - Beef Bn
SLAUGHTER STEERS
Over 80% Choice 1,529 780-950 123 00-125 00
65-80% Choice 9,856 775-920 122 00-125 00
65% Choice 6,565 700-895 122 00-125 00
0-35% Choice
TOTAL all grades 17,950 700-950 122.00-125.00
SLAUGHTER HEIFERS
Ovei 80% Choice 2,431 693-864 122.00-125 00
65-80% Choice 8,345 725-848 122 50-125 00
15-65% Choice 7,456 675-857 122 00-125 00
0-15% Choice
TOTAL all grades 18,232 675-864 122.00-125.00
WEEKLY WEIGHTED AVERAGES:
Live Steer
Live Heifer
Dressed Steer
Dressed Heifer
Week Ago Weighted Averages
Live Steer
Live Heifer
Dressed Steer
Dressed Heifer
Year Ago Weighted Averages
Live Steer 50,042
Live Heifer 47,906
Dressed Steer 27,239
Dressed Heifer 27,690
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Wt Range
1300-1450
I 150-1420
1000-1395
I 150-1350
1000-1450
Head Count
54,335
53,316
17,950
18,232
69,404
58,009
32,395
29,810
MORTGAGE
STUDENT
AUTO
COUNT ON US FOR
AND
Price Range Av. Wt Av. Price
77 00-80 00 1.365 78 57
77 00-80 50 1,348 79 18
77 00-80 00 1,250 79 74
78 00-80 00 1,240 79 64
77.00-80.50 1,261 79.66
1,273
1.257
1,142
1,134
1,167
77 00-80 00
77 00-80 00
77 00-80 00
80 00-80 00
77 00-80 00
856
865
846
858
820
803
782
797
Av Price
79.66
79 69
124.12
124 20
Av Weight
1,261
1,167
858
797
77 77
77 65
122 74
123 11
1,272
1,176
853
785
67 93
67 98
107 07
107 16
1,279
1,176
855
774
Member FDIC
78 54
79 28
79 81
80 (X)
79.69
124 04
124 02
124.29
124.12
123 76
124.26
124 29
124.20