National Feeder Cattle
Weekly Review
St. Joseph, Mo.
February 21,2003
Report Supplied By USDA
NATIONAL FEEDER & STOCKER
SUMMARY for week ending Feb. 21
Total Receipts: 333,700; last week
300,100. Direct 46.100; last week 41.700.
Video/Intemet 38.000; last week 1,300.
Auctions 249,600; last week 257,100. This
week’s reported auction volume included
53 percent over 600 lbs and 43 percent
heifers.
Compared to last week, yearling feeder
steers and heifers sold steady to 2.00
lower with the exception of the available
lightweight yearlings weighing right
around 600 lbs, which traded fully steady
to slightly higher. These two-way cattle
allow buyers the flexibility of going to
graze-out wheat, short-term grass, or
straight to the feediot. Also, a six-weight
feeder won't hit the finished market until
fall, when most folks expect the fat mar
ket to rebound from summer lows. How
ever, not everyone is sold on the idea that
slaughter cattle prices are headed for the
cellar.
Feedlots are getting downright cocky
with their current marketing situation.
Showlists have been green all winter and
cattle performance has been out of this
world, which has many cattle feeders be
lieving that they can fight off this sum
mers bearishness. August Live Cattle
CME futures are trading in the 67.00
range, which would be a steep nosedive
from this week’s 80.00 market. The Board
is definitely not helping the market for
this year’s wheat run, which started this
week as salebarns in Texas, Oklahoma,
and Kansas saw their first significant
numbers of cattle coming off winter
wheat pasture. Most of these feeders are
fleshy and tipping the scales more than
expected. Initial demand is only moderate
for these types, but the interest in light
weight Stockers is very good. Calf prices
were steady to 2.00 higher on limited sup
plies.
Receipts in the Southeast continue to
run well below normal and this was espe
cially the case from Tennessee across to
Virginia this week, where heavy snow
brought livestock movement to a halt.
This winters snowfall in the eastern re
gions of the US is approaching all-time
record levels, while areas m the Midwest
and Northern Plains continue to suffer in
drought.
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Direct Slaughter Cattle
Daily Market Review
St. Joseph, Mo.
February 26,2003
Report Supplied By USDA
National Slaughter Cattle Review as of
2:00 p.m.: Slaughter cattle trade activity
was relatively slow but buyer inquiry has
increased. There were not enough live or
dressed sales rported to establish an ad
quate market trend. Last fully established
market was 78.00-80.00 mostly 80.00 live
and 122.00 to 124.00 on a dressed basis.
NEGOTIATED SALES: Confirmed:
7,041; Week ago: 6,292; Year ago - 14,826.
Week to Date: 24,291; Week ago. 16,126;
Year ago: 23,923.
NEGOTIATED: PRICES PAID for
Domestic Slaughter Steers and Heifers
(Information derived from the 5 area
weighted average):
LIVE BASIS: STEERS: Over 80%
Choice no quotes; 65-80% Choice no
quotes; 35-65% Choice 79.50-80.00, avg
79.735; under 35% Choice 80.00. Total all
grades 79.50-80.00 avg 79.76. HEIFERS:
Over 80% Choice 78.50-78.50 avg 78.51;
65-80% Choice 77.00; 35-65% Choice
78.50-80.00 avg 79.51; under 35% Choice
no quotes. Total all grades: 77.00-80.00
avg 79.23.
DRESSED BASIS: STEERS: Over
80% Choice 125.00; 65-80% Choice
124.00- avg 124.71; 35-65% Choice
124.00- avg 124.23; under 35%
Choice no quotes. Total all grades
124.00- avg 124.61. HEIFERS:
Over 80% Choice 123.00-124.00 avg.
123.18; 65-80% Choice 124.00-125.00 avg
124.52; 35-65% Choice 123.00-125.00 avg
123.27; under 35% Choice no quotes.
Total all grades 123.00-125.00 avg 123.87.
FORMULA PURCHASES: Prices es
tablished so far today for previously
slaughtered cattle: Beef Type- Domestic:
Head count priced today - 21,700; weight
ed avg weight - 765 lbs; weighted avg net
price -124.81.
Covers transactions reported at 2:00
pm today. Comments and market condi
tions may include information gathered
from voluntary sources. All prices,
weights and head counts are only those
gathered through the mandatory report
ing system.
H L_
\ y\++enticm Dair*y Farmers
We are a farmer-run and farmer
controlled grassroots co-op and a milk
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Co-op, Canton, NY
8 LIVESTOCK AUCTIONS
CATTLE 2452... Compared with 3963
head last week and 4483 head a year ago.
Compared with last Friday’s summary:
slaughter steers, Holstein and heifers were
weaker on limited supplies due to early
week heavy snow, si cows mostly .50 to
LOO higher.
STEERS: High Choice and Prime 2-4
78.25-82.50, Choice 1-3 74.75-78.50, Se
lect and Low Choice 2-3 72.75-76.25, Se
lect 1-3 68.00-74.75, Standard 1-2
57.00-66.00.
HOLSTEIN STEERS: High Choice
and Prime 2-3 64.00-69.00, Choice 2-3
58.75-64.00, Select 1-2 54.25-56 75, Stan
dard 1-2 50.50-55.50.
HEIFERS: Choice 2-4 68.00-75.00, Se
lect 1-3 60.50-67.25, few Standard 1-2
54.00-
COWS: Breakers 75-80% lean
40.00- Boners 80-85% lean
37.00- Lean 85-90% 32.00-38.75.
Shells 30.00 and down.
BULLOCKS: couple Select 1-3 60.00 &
63.50.
BULLS: Yield Grade 1 1000-2500 lbs
50.00- Yield Grade 2 900-2400 lbs
42.50-51.25.
FEEDER CATTLE; STEERS; Medi
um and Large 1 500-700 lbs 62.00-64.00,
Large 3 950-1050 lbs Holsteins
52.00- HEIFERS: Medium and
Large 1 300-500 lbs 63.00-72.00, 500-700
lbs 55.00-77.00; BULLS: Medium and
Large 1 500-700 lbs 54.00-55.00, Medium
and Large 2 300-500 lbs 62.00-67.00,
500-700 lbs 55.00-64.00.
CALVES 2275... Compared with 2714
head last week and 3005 head a year ago.
Vealers steady. VEALERS; Standard and
Good 65-120 lbs 15.00-45.00, Utility
55-110 lbs 10.00-25.00. FARM CALVES:
Holstein bull calves uneven, early week
sales were steady to 15.00 higher, later
week steady to 10.00 lower, Holstein heif
ers remain steady..No 1 Holstein bulls
90-120 lbs 110.00-152.00, few sales to
197.00, No 2 80-120 lbs 60.00-115.00, few
to 160.00; No 1 Holstein heifers 85-125 lbs
300.00- No 2 70-125 lbs
100.00-
Beef type bulls and heifers 75-120 lbs
60.00-120.00.
HOGS 140.. Compared with 1214 head
last week and 1025 head a year ago Bar
rows and gilts not established due to
lower head count, sows not established.
BARROWS AND GILTS: 49-54% lean
220-275 lbs 39.50-45.00, 45-50% lean
220-280 lbs 33.50-44.00, 40-45% lean
240-300 lbs 21.00-29.00.
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Pa. Weekly
14 Livestock Auctions
Friday, February 21,2003
Report Supplied By PDA
SOWS: 1-3 300-500 lbs 24.00-26.75.
BOARS: 8.00-19.00.
FEEDER PIGS 138... Compared with
111 head last week and 133 head a year
ago. 1-3 25-30 lbs 7.00-15.00, 35-65 lbs
15.00- - per head.
SHEEP 35L..Compared with 1643
head last week and 2364 head a year ago.
Slaughter iambs 10.00 to 20.00 higher on
limited supplies. SLAUGHTER LAMBS
Choice 40-70 lbs 130.00-164.00, 70-80 lbs
136.00- 80-115 lbs 122.00-146 00.
SLAUGHTER SHEEP: 21.00-45.00.
TWO GRADED FEEDER PIG
SALES 597.. Compared with 148 head
last week and 330 head a year ago ..Feed
er pigs nearly all going for slaughter with
pricing steady to firm. 1-2 17-29 lbs
94.00- 32-39 lbs 70.00-170.00,
43-47 lbs 57.00-70.00, 56-65 lbs
57.00- 75-79 lbs 68.00-75.00, 85-100
lbs 50.00-66.00 per cwt.
Oklahoma Feeder
Cattle Weekly
Oklahoma City, OK
February 26,2003
Report Supplied By USDA
OKLAHOMA NATIONAL STOCK
YARDS, Weekly Cattle Summary
Compared to last week: Compared to last
week: Feeder steers and heifers steady.
Feeder demand moderate. Steer and heif
er calves steady in light test. Receipts
greatly reduced by frigid temperatures
and snow in the northern half of the trade
territory. This week’s forecast remains
cold with snow or ice probabilities every
other day. Quality mainly attractive
Feeder cattle in medium to moderate
flesh with gaunt to average weigh-ups.
Receipts this week 6,394, last week
11,299; last year ll,B42.Supply consisted
of 85% yearlings over 600 lbs; 14% calves;
1% cows andbulls. Heifers comprised 27%
of feeder & calf supply.
Prices follow with weighted average
weight and price in parenthesis.
FEEDER STEERS: Medium and
Large 1: 500-550 lbs (514 lbs) 93.00-97.00
(96.10); 550-600 lbs (562 lbs) 86.00-94.00
(90.37); 600-650 lbs (627 lbs) 82.00-86.50
(83.60); 650-700 lbs (669 lbs) 79.75-83.50
(80.97), few calves 77.25-79 50, 700-750
lbs (732 lbs) 77.25-80.50 (79.19); 750-800
lbs (785 lbs)7s 50-79.00 (76.97), 800-850
lbs (813 lbs) 74.50-77 00 (75.95); 850-900
lbs (870 lbs) 73.00-75.50 (74.63); 900-1000
lbs (950 lbs) 72.75-75.00 (73.00). Hol
steins: Large 3 475-600 lbs 60.00-61.00;
600-700 lbs 55 00-56.50; 760 lbs 61.75.
FEEDER HEIFERS: Medium and
Large 1: few 300-375 lbs (350 lbs)
100.50-105.50 (100 98); few 450-500 lbs
(464 lbs) 87.50-90.00 (89.14); 500-550 lbs
(526 lbs) 81.75-86.75 (83.48); 550-600 lbs
(586 lbs) 80.00-83.50 (81.54), 600-6 SO lbs
(625 lbs) 77.00-81.75 (78.83); 650-700 lbs
(677 lbs) 75.25-77.25 (76 57); 700-800 lbs
(750 lbs) 72.50-76.00 (74.01); 800-850 lbs
(820 lbs) 73.00-74.25 (73 65)
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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
higher on light to moderate demand and
light offerings Select and choice rib,
chuck and round firm, while loin higher
Beef trimmings higher on moderate de
mand and light offenngs.
Estimated composite cutout value of
Choice 1-3, 600-750 lb carcasses up 1 14
at 129.28,750-900 lbs up .95 at 128.00; Se
lect 1-3. 600-750 lbs up 1 73 at 123.34,
750-900 lbs up 1.14 at 122.26, based on
99.95 loads of Choice cuts, 92.67 loads of
Select cuts, 43.51 loads of trimmings, and
76.42 loads of coarse ground trimmings
Estimated carcass price equivalent
value of Choice 1-3, 600-750 lbs up 59 at
119.23, 750-900 lbs up 45 at 118 31; Se
lect 1-3, 600-750 lbs up 88 at 112.58,
750-900 lbs up .50 at 111.88. Current
index reflects the equivalent of 333,785
head of cattle.
NATIONAL 5 DAY-ROLLING CUT
TER COW CUTOUT: The Cutter cow
carcass gross cutout value was estimated
at 89 08. up 1.66
By-Product Drop Value: Hide and offal
from a typical slaughter steer was esti
mated at 8.09, down 01
NATIONAL CARLOT PORK- Sales
reported on 44.75 loads r>f pork cuts and
45.5 loads of tnm/process pork Com-
pared to Monday's close Fresh loins
steady to LOO lower; butts firm; skinned
hams 20-23 lbs 1.00-2.00 higher, 23-27 lbs.
steady; sdls. bellies not tested; lean trim-
mings unevenly 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 53.46, down .21 Loins bone in
fresh Va inch trim 21 Ib/down-hght
93 00-96.00. Hams bone in trimmed,
20-23 lbs trim spec 1 43.00-4.00
CARLOT LAMB CARCASS 4,849
head reported. 30-40 lb 179 00-195 00:
40-45 lb 179 00-180 00; 45-50 lb
175.00- 50-55 lb 175.00-187 00;
55-60 lb 175.00-187.00, 60-65 lb
175.00- 00; 65-75 lb 168.00-187 (M),
75-85 lb 168 00-185 00, 85-up lb
178 00-180.50.
SPRAYING
Spraying Since 1961
National Carlot
Meat Report
Des Moines, IA
February 25, 2003
Report Supplied By USDA