Oklahoma Feeder Cattle Weekly Oklahoma City, OK April 9,2003 Report Supplied By USDA OKLAHOMA NATIONAL STOCK YARDS, Weekly Cattle Summary Compared to last week: Feeder and Stock er cattle steady, with exception of 650-735 lb steers which sold 1.00-2.00 lower on questionable quality. Steer calves 2.00 higher. Heifer calves steady. Demand good for all classes. Beef demand is good as beef cutouts reach 134.00 with modest yet sufficient slaughter levels; feedlots continue an aggressive marketing regi men as futures lag cash values; moderate but positive movement in CME cattle pits; no more than normal numbers of May wheat cattle anticipated are all fac tors helping to maintain status quo of feeder cattle. Receipts this week 9260; last week 11,103; last year 6472. Supply con sisted of 74% yearlings over 600 lbs; 24% calves and light yearlings; 2% cows and bulls. Heifers comprised 41% of feeder and calf supply. Prices follow with weighted average weight and price in parenthesis. FEEDER STEERS: Medium and Large 1: 325-400 lbs (350 lbs) 115.00- (119.76); 400-450 lbs (419 lbs) 105.00-118 00 (114 63), 430-500 lbs (476 lbs) 103.50-114.00 (109.81); 500-550 lbs (519 lbs) 98.50-105.00 (102.36), lot new crops 93.75; 550-600 lbs (580 lbs) 92.00- (96.29); 600-650 lbs (638 lbs) 86.00- (90.82); 650-700 lbs (685 lbs) 82.00- (84.82); 700-750 lbs (732 lbs) 78.25- (82.41); 750-800 lbs (782 lbs) 76.25- (77.79); 800-850 lbs (825 lbs) 73.50- (75.75); BSO-900 lbs (872 lbs) 72.00- (73.71); 900-950 lbs (918 lbs) 71.50- (72.80); 950-975 lbs (970 lbs) 71.25- (71.53); 1025 lbs 69.25. HOLSTEINS: Large 3: 515 lbs 70.00; 775-800 lbs 63.25-64.00; 890 lbs 59.50. FEEDER HEIFERS: Medium and Large 1: 300-400 lbs (350 lbs) 106.00- fleshy 96.50-102.00 (105.83); 400-450 lbs (430 lbs) 95.00- (99.61), new crops 89.00- (91.70); 450-500 lbs (475 lbs) 91.50- (93.00), new crops (488 lbs) 86.00- (87.77); 500-550 lbs (527 lbs) 86.75-91.00 (88.24), few new crops 82.00- 550-600 lbs (577 lbs) 81.50- (84.60), few new crops 78.00- 600-650 lbs (614 lbs) 83.00- (83.72); 650-700 lbs (678 lbs) 76.50- (78.11); 700-750 lbs (731 lbs) 74.00- (75.21); 750-800 lbs (775 lbs) 71.25-74.75 (72.76); 800-850 lbs (817 lbs) 70.00- (70.99); few 900-950 lbs (920 lbs) 67.75-69.50 (68.69). Weekly Meat Production Under Federal Inspection WASHINGTON, D.C., Apr. 4 - (USDA-NASS) - Total red meat pro duction under federal inspection for the week ending Saturday, April 5, was estimated at 856.0 million lb, according to the USDA's Agricultural Marketing Service. This was 0.0 percent higher than a week ago and 1.8 percent higher than a year ago. Cumulative meat production for the year to date was 0.4 percent lower compared to the previous year. MEAT PRODUCTION (million pounds) (excludes condemned) Calf/Veal Pork (2) 3 8 374 0 3.8 379.6 Week Ending (1) Beef 05-Apr-03 473 5 29-Mar-03 467.8 Change: 1.2% 0% -1.5% 4 4% 06-Apr-02 462.7 3.4 371.0 4 1 Change: 2.3% 11.8% 0.8% 14.6% 2003 YTD: 6632.6 51.9 5159.8 51.5 2002 YTD 6734.4 48.5 5095.5 59.7 Change- -1.5% 7 1% 1 3% -13.8% 1- Previous week estimates may be revised. Year ago data are actuals 2- Excludes lard. 3- Totals may not add due to rounding. 2003 totals are subject to revision • **'yj Cattle Calves/Vealers Hogs Sheep/Lambs 639.000 20,000 1,880,000 67,000 626.000 20,000 1,906,000 64,000 2.1% 0.0% -1.4% 4.7% 617.000 18,000 1,861,000 57,000 3.6% 11.1% 1.0% 17.5% 8.704.000 277,000 25,858,000 760,000 8.868.000 250,000 25,688,000 856,000 -1.8% 10.7% 0.7% -11.2% A VERAGE WEIGHTS (lbs.) Cattle Calves/Vealers Hogs 1237 319 268 1245 315 268 1236 323 268 Week Ending 05-Apr-03 29-Mar-03 Change: 06-Apr-02 Change. 2003 YTD: 2002 YTD; Change. Week Ending: LIVE 05- Estimate 29-Mar-03 Estimate 06- Actual DRESSED. 05- Apr-03 Estimate 745 195 29-Mar-03 Estimate 751 193 06- Actual 754 198 PERCENTAGE OF TOTAL SLAUGHTERED BY CLASS CATTLE HOGS Wk Ending Steers Heiters Cows Bulls/Stags Barrows/Gilts Sows Boars/Stags 22- 46 9% 32 0% 18 6% 18% 96 5% 3.3% 0.3% 23- 49 3% 32 6% 16.3% 19% 96 5% 32% 03% National Carlot Meat Report Des Moines, IA April 8,2003 Report Supplied By USDA USDA Carlot Meat 4:00 Summary: Compared to Previous Day, Prices in Dol lars per hundredweight, Equated to FOB Omaha Basis. BOXED BEEF CUTS: Select cuts firm, while Choice cuts higher. Beef trimmings higher on fairly good demand and light offerings. Estimated composite cutout value of Choice 1-3, 600-750 lbs carcasses up 1.52 at 133.19, 750-900 lbs up 1.46 at 132.66; Select 1-3, 600-750 lbs up 1.15 at 122.84, 750-900 lbs up .56 at 122.97; based on 130.96 loads of Choice cuts, 134.81 loads of Select cuts, 49.23 loads of trimmings, and 43.78 loads of coarse ground trim mings. Estimated carcass price equivalent value of Choice 1-3,600-750 lbs up .78 at 124.12, 750-900 lbs up 0.74 at 123.77; Se lect 1-3, 600-750 lbs up 0.64 at 114.21, 750-900 lbs up 0.29 at 114.29. Current index reflects the equivalent of 329,072 head of cattle. NATION AI t r»*v uoluimu CUT TER COW CUTOUT: Cutter cow car cass gross cutout value was estimated at 84.92 up .68. By-Product Drop Value: Hide and offal from a typical slaughter steer was esti mated at 8 18, down .01. NATIONAL CARLOT PORK: Sales reported on 41.75 loads of pork cuts and 5.0 loads of trim/process pork. Compared to Monday’s close: Fresh retail cuts steady to firm; skinned hams generally steady; seedless, bellies steady; lean trimmings 2.00 higher. Trading slow, 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 54.46 up 0.34. Loins bone in fresh '/< inch trim 21 Ib/down-light steady to Arm. Hams bone in trimmed, 17-20 lbs trim spec 1 generally steady; 20-23 lbs trim spec 1 generally steady. Seedless bell ies 12-14 lbs not tested; 14-16 lbs steady; 16-18 lbs steady. CARLOT LAMB CARCASS: 4,667 head reported. 30-40 lb 202.00-202.00; 40-45 lb 190.00-202.00; 45-50 lb 190.00- 50-55 lb 190.00-204.00; 55-60 lb 189.00-204.00; 60-65 lb 189.00- 65-75 lb 189.00-204.00; 75-85 lb 189.00-202.00; 85 Ib/up 190.00- Lamb/Mutton Totals (3) 4.7 856 0 4 5 855.7 Sheep/Lamb 139 139 143 200 200 200 National Feeder Cattle Weekly Review St. Joseph, Mo. Friday, April 4,2003 Report Supplied By USD A NATIONAL FEEDER & STOCKER CATTLE SUMMARY - Week ending Apr. 4 Total Receipts: 418,000, last week 320.200, last year 302,300. Direct 103,100, last week69,ooo, last year 43,800. Video/ Internet 24,800; last week 0, last year 3,000. Auctions 290,100; last week 251.200, last year 255,500. This week’s re ported auction volume included 51 per cent over 600 lbs and 46 percent heifers. Compared to last week, feeder steers and heifers sold 1.00-2.00 higher while Stocker cattle and calves traded steady to 4.00 higher. Demand was very good for all classes and the only markets that did not post gains on Stockers were those that realized sharp advances last week. Nor mally, the first week of April is a slow one for wheat cattle sales as the regular graz ing term ends by mid-March and graze out lasts until May. However, this years outstanding gains are causing an early sell-off. Many wheaties are coming off as much as 100 lbs heavier than expected. Those backgrounders wh« th-:- .~uu. months ago are just hoping their buyer has gumption to show up for delivery. The buyers who bought these cattle out-front are wishing they would have installed a dime slide at the project ed weight instead of just a nickel. Al though, a large percentage of this year’s wheat cattle were not contracted and this was reflected both in heavy auction re ceipts and a large number of current-de livery direct sales. The active trading was also sparked by higher bids from aggres sive buyers. Prices for 700 lb steers made their way into the 90.00 range in the Mid western salebams at Bassett, NE and Green City, MO. The success that American forces are achieving in Guff War II is having a dra matic effect on domestic attitudes. Con sumer confidence, stock markets, and support for our President are all on the rise as the United States meets its objec tives in Iraq. It also became evident this week that the fed cattle market is not going to go down just to align itself with April CME Live Cattle Futures, as feed lots were able to force prices north again at 79.00 and 129.00 in the beef. The driv ing force behind the slaughter market is. the sharp decline in dressed steer weights, which have shrunk nearly 50 lbs since the first of the year to 793 lbs. Grass cattle buyers headed to the auc tions this week under the influence of the intoxicating and hallucinogenic drug of green grass. The sky was the limit for thin and weaned old-crop calves which out sold the fancier and fleshier new-crop calves by a mile. Everyone in the cattle business was happy this past week and so were their consumers as the warm weath er produced the smell of beef on the grill. Morrison’s Cove Poultry & Rabbit Martinsburg, Pa. Report Supplied by Auction April 7,2003 BANTY ROOSTERS 2.00-4.00. HEAVY HENS 1.75-3.75. BANTY HENS 2.00. PIGEONS 2.00-2.50. GUINEAS 3.00-4.75. DUCKS 3.50. BUNNIES 4.00-6.25. RABBITS 7.00-12.00. CHICKS .35-1.10. RABBIT FAMILY 26.00. AUCTION EVERY MON., 7:30 P.M. 0.0% 841.2 1.8% 11,895.8 11,938.1 -04% LIVESTOCK FUTURES MARKET Chicago Mercantile Exchange Wednesday, April 9,2003 Live Hogs Frozen Choice Steers Choice Feeders Lean Value Pork Bellies Today WkAgo Today WkAgo Today WkAgo Today WkAgo Apo3 78.075 77 125 78 575 78.750 49.900 49.625 My 03 75 050 74.475 78 500 78.775 55.600 56.500 84 300 90 650 Jno3 71.925 71.450 - 58 575 58 350 JlO3 68.600 68.500 58 600 58 325 85 400 91 200 Auo3 68 225 68.125 82 150 82.250 58.600 58.275 83.500 88 250 SO3 82.275 82.250 003 70 075 69 875 82.200 82 200 50 500 51300 - NOS - 82.650 82.525 - DO3 71875 71325 50 800 51 500 JO4 - - 82.550 82 600 - 78 250 80 000 FO4 73 150 72 600 - - 55 625 56 600 Mr 04 - 82 000 - 78 250 80 000 Apo4 73 850 73 600 59 050 59 800 Lancaster Farming, Saturday, April 12, 2003-A25 Young Turkey Parts And Bulk Meat Des Moines, lowa April 8,2003 Report Supplied By USDA NATIONAL YOUNG TURKEY PARTS AND BULK MEAT, Frozen, un less specified, cents per lb, delivered first receivers, part and full trucklots, as of April 8. Trade sentiment on tom breast meat and wing meat with skin was steady to barely steady and steady on scapula. The trade sentiment on destrapped ten derloins was mostly steady, however, some increased availabilty was noted on frozen. White meat inquiry ranged from slow to instances moderate for the ade quate to sometimes ample offerings. Part loads of drums traded at premiums in the West while others note softness in the market place. Increased offers of tom full cut wings were noted with more sellers willing to negotiate. Offerings of tom 2-joint wings ranged from adequate to in stances burdensome with oomc sellers mnr o willing to discount into export chan nels while trying to hold at steady price levels for domestic shipments. Domestic trading was light on all items wih activity centered on Grade A basted 14-20 lb breasts at 92 cents delivered and frozen destrapped tenderloins with -6 months age. Export trading centered on a fair vol ume of fresh tom drums 20 cents deliv ered during April, balance slow. DOMESTIC TRADING: BREASTS 4-8 lbs: Grade A - avg. 93.00; Grade A Fresh - avg. 145.00; Plant Grade - avg. 86.00. DRUMSTICKS - TOM- avg. 23.00; HEN - avg. 18.00. WINGS, FULL CUT: TOM - avg. 17.00; HEN - avg. 17.00. WINGS, V-TajjfeE: TOM - avg. 25.20; HEN - avg/JrOO. NECKS; TOM- avg. 22.00; HEN'I avg. 17.00. BREASTS,B/S: TOM - none. Fresh - avg. 122.00. THIGH MEAT: avg. S2>oo; Fresh - avg. 52.56. BREAST TRIM MEAT: avg. 70.00. SCAPULA I\®AT: avg. 62.83. TENDER LOINS: noIfcDESTRAPPED TEN DERS: avg. l|pbs Frodl- avg. Ul.lt WING MEAT WITH none. ME CHANICALLY SEPARATED: none. Fresh - avg. 19.00. EXPi STICKS FULL-CI TYPE, MECR 19.00. T Prices wereußcftueed-jhawever, medi- anditonwyl are relatively balanced early . tl _ , in th* week, out idads are looking for a ums were The market xhe storm = have tone remamed stead; 40-ftiUy Steady with greatly-tad Wed demand for ice cream and mediums in Demand soft Also, cream bottlers are into all channel* was ri&derate to good, -riot Ukingag much as they have been. Ex best where features were a factor. Sup- cess cream volumes are meeting with little plies were adequate to fully adequate on i" tere ?* and P rices , f ° r head «J t 0 f. . ?. A the chums are steady to lower. More the heavier weight eggs and tight on me- loads are clearing to butter makers this diums. Breaking stock demand was mod- week. erate for limited offerings. Spent hen availability was sufficient for processing needs. 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 .SS-.67, .57-.59 East Fluid Milk And Cream Review Madison, Wis. April 8,2003 Report Supplied by USDA Spot prices of class II cream, dollars per lb. butterfat: F. 0.8. producing plants: Northeast: 1.3615-1.5031. Delivered Equivalent: Atlanta: 1.3615-1.4813 mostly 1.3724-1.4595. PRICES OF CONDENSED SKIM, dollars per lb. wet solids, F. 0.8. produc ing plants; Northeast: Class 11, includes monthly formula prices: .8900-.9800: Class 111 - spot prices - .7400-.8000. SPOT SHIPMENTS OF GRADE A MILK: FLORIDA: This Week: In 0, Out 172; Last Week: In 0, Out 106; Last Year: In 0, Out 37. SOUTHEAST STATES: This week: In 0, Out 0; last week: In 0, Out 0; last year: In 0, Out 0. EDITOR’S NOTE: Due to recent changes in milk supply agreements, milk import/export totals are not directly com parable to year ago figures and to ship ments prior to April 1,2003. The following are the March 2003 Class and component prices under the Federal Milk Order pricing system: Class II $10.54 (down $0.12 from February), Class 111 $9.11 (down $0.35); and Class iv $9.79 (down $0.02). The following are the product price averages used in com puting Class prices: butter $1.0546, NDM $0.8051, cheese $1.0780, and dry whey $0.1599. The Class II butterfat price is $1.1529 and the Class IH/IV butterfat price is $1.1459. A major ice storm across much of Cen tral New York cut power and transporta tion over the weekeno from Rochester to Albany. Also, quite a bit of snow fell on parts of New Jers<\ and Penns) Ivania. Many areas of New i ork were still with out power at the time ot this report Farm milk pick-ups were delayed. There were reports of “high count” milk being picked up, but that would be normal for pick-ups that were late. At the time of this report, there were no confirmed reports of milk being lost (dumped) at the farm, but a few reports did say that some farmers did mis' a milking before acquiring a generator or power was restored. Milk production is about steady in the Northeast and milk supplies are heavy. In the Southeast, milk output is at or near its peak along the Gulf Coast, still increasing in other Southeastern states. Florida con tacts thought that their milk flow had peaked, but cooler weather seemed to have given it an additional boost. Bottled milk demand is steady in most areas of the region, but the storm did cause some panic buying late last week. However, some bottlers noted that few “add on” or ders, which would indicate little or no panic buying during this storm. In areas with prolonged periods of no power, some grocery stores cleared their shelves and did not restock until power came back on. jS&ttolUs milk volumes were heavier at mdSF plants. Quite a bit of the Florida miiKjsfinding its way into the Middle At ngjl&drea as well as other plants in the skim market is weak widf prices unchanged to occasionally lowerJSpot demand is slow and some pro ducers are having to dry more skim. Traders are stating that offerings, particu larly Class 11, are far greater than current spot and Contract demand can clear. The fluid cream market is not as firm DRUM- . WINGS, WINGS, V 'AILS: none. iTED: avg. .00. IDA as it was. Like in the weeks past, supply Dairy Products Prices Highlights Washington, D. C. April 4,2003 Report Supplied By NASS/USDA DAIRY PRODUCTS PRICES HIGH LIGHTS: CHEDDAR CHEESE prices received for US 40 pound Blocks averaged $1.07 per pound for the week ending March 29. The price per pound increased 0.4 cents from the previous week. The price for US 500 pound Barrels adjusted to 38 percent moisture averaged $1.06 per pound, up 1.3 cents from the previous week. BUTTER prices received for 25 kilo gram and 68 pound boxes meeting USDA Grade AA standards averaged $1.07 per pound for the week ending March 29. The U.S. price per pound increased 1.4 cents from the previous week. NONFAT DRY MILK prices received for bag, tote and tanker sales meeting USDA Extra Grade or USPH Grade A standards averaged 80.3 cents per pound for the week ending March 29. The U.S. price per pound was unchanged from the previous week. DRY WHEY prices received for bag, tote and tanker sales meeting USDA Extra Grade standards a\craged 15.8 cents per pound for the week ending March 29. The U.S. price per pound de ■ reased 0 3 cents from the prev mus week
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