A2O-Lancaster Farming, Saturday, April 5, 2003
National Feeder Cattle
Weekly Review
St> Joseph, Mo.
Friday, March 28,2003*
, Report Supplied By USD A
NATIONAL FEEDER & STOCKER
SUMMARY for week ending Mar. 28
Total Receipts; 320,200; last week
347.600. Direct 69.000; last week 62,300,
last year 46,100. Video/Intemct 0; last
week 25,400, last year 33,000. Auctions
251,200; last week 259,900, last year
202,800. This weeks reported auction vol
ume included 48 percent over 600 lbs and
44 percent heifers.
Compared to last week, feeder steers
and heifers sold steady to 3.00 higher, sev
eral instances calvelTTTOO to 1 5.00 fiigfiM.,
This according to USDA Livestock and
Grain Market News. Last week’s bullish
Cattle on Feed Report with declining
marketings, more moisture and greep
pastures all combined to spur demand.
Kinds to turn out on grass showed the
most price advances.
Finished cattle in the direct feedlot
trade sold steady on the hoof at 78.00 and
1.00 higher in the beef at 126.00 to 127.00.
Boxed beef cutouts at only 127.00 and this
put slaughter operating margins at a big
loss. However, packers made big pur
chases this week as feedlots are very cur
rent and Choice offerings in short supply.
There is a 9.00 price spread between
weights and the average is 10 lbs under a
year ago.
Total beef production this week 5.3
percent below a week ago. Reduced cattle
kills are due to the red ink, only 629,000
this week. This is the season of the year
when beef production usually picks up
with the five year weekly slaughter aver
ages during spring often in the 675,000 to
710,000 range.
This looks promising for the increased
tonnage in cold storage. However, the
board does not offer that much hope.
April Futures are now at a 3.00 discount
to the live trade and quotes for August are
down to 67.10. Recent rains and big snow
storms have been a blessing in many areas
but large sections of the country are still
in draught conditions. Com prices are .40
cents a bushel above a year ago. Majority
of the dry areas are hay and grassland.
Ranchers are reluctant to take on a full
load of grazing stock or replace the re
duced numbers of mama cows. Good
prices and a couple of wet years are
needed to get herd rebuilding in high
gear.
Eastern Cornbelt
Direct
Feeder Cattle
Weekly
Springfield,Til.
March 28, 2003
Report Supplied 11} USDA
Eastern Cornbelt Direct
Feeder Cattle Summary
Illinois, Indiana, Michigan,
and Ohio: Feeder cattle
prices were not well estab
lished due to light trading
volume. Light buyer interest
and weak summer and fall
slaughter cattle futures
prices pressured the feeder
market. Demand was light.
Trading activity was slow.
Reported sales consisted of
about 46% beef steers, 54%
heifers and 0% Holstein
steers. Approximately 100%
of the cattle marketed this
week weighed over 600 lbs.
Confirmed sales 500 this
week, 800 last week and
1000 last year.
FEEDER STEERS: Me
dium and Large 1-2:
725-750 lbs 76.00. HOL
STEIN STEERS: no test.
FEEDER HEIFERS: Me
dium and Large 1-2:
625-775 lbs 76.00-79.00.
Prices are based FOB the
farm unless otherwise indi
cated. Delivered prices in
clude freight, commissions,
and other expenses.
All Sized Canning
Jars & Jugs
Also Lids, Twists oi
Strew On (Vinegar & Sugar)
Large or Small Quantities
Reg and Wide-Mouth
Ball Jais
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Ronks PA 17575
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National Carlot
April f v 2003 vc
& Report aiSfiyUSl^^
USDA Carlot Mfejrf 4:00 StftHpy:
Compared to Previous Pay, Priceslmcfol
lars per hundredweight. Equated to'FOB
Omaha Basis.
BOXED BEEF CUTS: crate offerings.
Select and Choice chucks steady to weak,
while rounds steady to Arm. Select and
Choice rib and loins higher. Beef trim
mings sharply higher on moderate to
good demand and light to moderate offer
ings.
Estimated composite cutout value of
Choice 1-3, 600-750 lbs carcasses up 1.05
at 127.24, 750-900TBs up T3B~at 127.74;
Select 1-3, 600-750 lbs up .76 at 120.48,
750-900 lbs up .86 at 119.8 ft 1 ; based on
136.54 loads of Choice cuts, 129.85 loads
of Select cuts, 21.79 loads of trimmings,
and 102.96 loads of coarse ground trim
mings.
Estimated carcass price equivalent
value of Choice 1-3, 600-750 lbs up .50 at
119.63, 750-900 lbs up .70 at 119.93; Se
lect 1-3, 600-750 lbs up .39 at 112.09,
750-900 lbs up .45 at 111.70. Current
index reflects the equivalent of 327,985
head of cattle.
NATIONAL 5 DAY-ROLLING CUT
TER COW CUTOUT: The Cutter cow
at 84.36, up 1.53.
By-Product Drop Value: Hide and offal
from a typical slaughter steer was esti
mated at 8.22, dn .01.
NATIONAL CARLOT PORK: Sales
reported on 112.38 loads of pork cuts and
8.0 loads of trim/process pork.
Compared to Monday’s close: Fresh
bone-in loins and butts steady to 1.00
lower; sknd. Hams 17-20 lbs. 3.00-6.00
lower, 20-23 lbs steady to 3.00 lower,
23-27 lbs. steady to 1.00 lower; sdls. bellies
2.00 higher; lean trimmings steady. Trad
ing slow to moderate, with mostly light
demand and mostly moderate offerings.
Calculations for a 185 lb Pork Carcass
51-52 percent lean 0.80” -0.99” back fat
at last rib 53.20 up .08. Loins bone in
fresh 'A inch trim 21 Ib/down-light
83.00-89.00. Hams bone in trimmed,
17-20 lbs trim spec 1 45.00-48.00; 20-23
lbs trim spec 1 40.00-43.00. Seedless bell
ies 12-14 lbs 91.00; 14-16 lbs 93.00; 16-18
lbs 91.00.
CARLOT LAMB CARCASS; 0 head
reported.
w ww. wps t mil to ns I ate hank, com
Slaughter Cattle
Weekly Review
Oklahoma City, Okla.
March 28,2003
Report Supplied By USDA
NATIONAL SLAUGHTER CAT
TLE SUMMARY Week Ending
March 28,2003 Slaughter cattle traded
steady on a live basis and Arm dressed.
Sellers readily moved cattle Thursday at
steady prices despite early resolve to
hold for higher market. The large dis
count on the April CME slaughter cattle
contract was more hurdle than sellers
wished to tackle. Good movement will
set up a stronger sales position next
week than the April board would indi
cate. Packers received some minor help
from beef prices as negative margins
-have been ajnohlem.
Slaughter remains Bnifsttong for the
season as labor economics require oper
ating at negative figures if needed.
Boxed beef prices Friday a.m. averaged
122.44 up .94 from last Friday. Sales of
slaughter cattle on a national basis for
negotiated cash trades totaled 185,800
through 10:00 a.m. Friday. Last week’s
frill count was 166,800.
STEERS AND HEIFERS: MID
WEST DIRECT MARKETS: Live
Basis: 35-80 percent Choice, 900-1400 lbs
77.00- wtd avg 78.33. Dressed
Basis: 35-80 percent Choice, 550-950 lbs.
124.00- wtd avg 126.40. HIGH
PLAINS DIRECT MARKETS: Live
wt J avg f 8.02.
SLAUGHTER COWS AND BULLS
(Average Yielding); Slaughter cows and
bulls steady to 2.00 higher. Packer de
mand much improved as auction num
bers return to seasonally light supplies
and spring beef demand ratchets up.
USDA’s Cutter cow carcass cut-out
value Friday a.m. was 82.11 down 2.78
from last Friday.
COWS: Breakers 75-80%
Lean 1000-1600 lb: Colorado
39.00- Oklahoma
39.00- Alabama
35.00-38.00. Boners 80-85%
Lean 900-1500 lb: Colorado
40.00-43.00; Oklahoma
39.50-42.00; Alabama
36.00-38.00. Lean 85-90% Lean
850-1400 lb; Colorado
38.50- Oklahoma
37.50- Alabama
31.00-34.00.
BULLS: 88-92% Lean
1500-2200 lb: Colorado
51.00-53.50; Oklahoma
47.50-51.00; Alabama
45.00-51.00.
East Coast and North
Central Veal Report
Des Moines, lowa
April 2,2003
Supplied By USDA
CARLOT VEAL CARCASS REPORT:
Northeast and North Central Basis: Com
pared to trading last week: Northeast spe
cial fed veal generally steady on light to
moderate demand and offerings. North
Central not tested. Undertone steady.
VEAL CARCASS, SPECIAL FED,
HOT BASIS, FOB PRODUCTION
POINTS: Northeast 1,050 head; hide-Off,
215-275 lb 188-190.00.
CONTRACT INFORMATION: IJot
Basis, Hide-Off (As of April 2,
Contract calves slaughtered -.this week:
185.00- Packers "base —market
180.00- Future contracts offered:
Firm Bottom 180.00-182.00, Firm Top
200.00- 202.00. Firm Bottom, 180.00, Split
Half Top 200.00, Fixed 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, Apr. 1 Compared to
last week: Distributive special fed cuts are
— p . •• u»»Aiuimuj vv vow tv
lower on loin, leg and chuck cuts. Activity
continues slow on mostly light demand
and light to moderate offerings.
Prices per CWT: Carcass, hide off
200-250 lb 220-240.00; Foresaddles 85-110
lb 170-180.00; Kosher Foresaddles 90-110
lb 195-205.00; Hindsaddles 85-115 lb
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MONDAY - FRIDAY 8:00 - 5:00
SATURDAY 8:00 -12:00
Serving Central PA Since 1921
’ILOTS! KELLER BROS.
AIRPORT
2550' RUNWAY 600' From Dealershii
280-300.00; I Jains, regular 17-25' lb
235-275.00; Loins, 4x4 trmd 12-18 lb
375-425.00; Hotel Racks, 8 rib 15-21 lb
425.00, 7 rib 14-20 lb 425-465.00, 6 rib
13-17 lb 495-525.00; Chuck, square cut
36-47 lb 110-120.00; Shoulder, full 14-20
lb 135-175.00; Legs, double 70-90 lb
275-295.00, TBS 3-piece 24-32 lb
575-635.00, BHS heel-out 27-35 lb
350-415.00; Top Round, trmd, cap-off
8-10 lb 675-800.00; Breast 10-12 lb
70-80.00; Necks, bone-in 24-28 lb
100-125.00; Stew Meat, regular
200-225.00; Boneless Trimmings 75-80%
lean 52-61.50; Heavy Nature Green
Hides, per piece 39-41.00.
Northeast Eggs
Atlanta, Georgia
Report Supplied by USDA
April 3,2003
Prices were unchanged; however, medi
ums were trending higher. The market
tone was generally steady on the larger
sizes, but mediums were in a fully steady
position. Demand ranged light to moder
ate, best where featured. Large eggs were
advertised at 89 cents a dozen. Supplies
were adequate to available for trade
needs. Breaking stock offerings from reg
ular suppliers were short to about ade
type fowl were usually sufficient for
slaughter requirements.
PRICES TO RETAILERS, SALES TO
VOLUME BUYERS, USDA GRADE A
AND GRADE A, WHITE EGGS IN
CARTONS, WAREHOUSE, CENTS
PER DOZEN. RANGE MOSTLY
EXTRA LARGE .69-.54, .72-.75, LARGE
.66-.81, .71-.75, MEDIUM .53-.65, .55-.57
Financing
Or Cash
Discounts
LANCASTER
1950 Fruitville Pike,
Lancaster, PA 17601
At Route 30 &
Fruitville Pike
717-569-2500
or Toll Free
877-3KUBOTA
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