National Feeder Cattle
Weekly Review
St. Joseph, Mo.
July 18,2003
Report Supplied By USDA
NATIONAL FEEDER & STOCKER
CATTLE SUMMARY - Week Ending
July 18 NATIONAL FEEDER &
STOCKER CATTLE SUMMARY
Total Receipts: 327,000; last week
422,000; last year 288,900. Direct:
111,000; last week 111,500; last year
91,100. Video/Intemet: none; last week
145.900; last year none. Auctions:
216,000, last week 165,400; last year
197,800. This week’s reported auction vol
ume included 40 percent over 600 lbs and
43 percent heifers.
Compared to last week, feeder cattle
and calves sold steady to 2.00 higher as
prices continue to defy the laws of finan
cial physics. The only major market that
did not post a higher trend was the Okla
homa National Stockyards, but much of
this was attributed to heavier receipts and
full weigh-ups on plainer-quality offer
ings. Southeastern auction markets were
also mixed, but not too far on either side
of steady. Lofty price levels are coaxing
large strings of cattle to market earlier
than normal. Also, hot winds and mercu
ry readings in the triple-digits are rapidly
drying-out pastures in the central sections
of the United States. Droves of yearlings
are starting to move from once-lush pas
tures in the Osage and Flint Hills grazing
regions. Many of these cattle have already
been sold in the country but some will
seek refuge from the heat in local sale
barns, where a refreshing breeze is coming
from the flapping of buyers cards. The
best demand continues to come from the
Western Combelt, where moisture condi
tions remain adequate and com farmers
are expecting a Inn buster of a crop.
Commercial feedlot buyers are trying
to steer clear of the farmer feeders, but
aggressive fed cattle marketing has left
empty pens and a dire need for replace
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ments. A good buying opportunity is this
weeks Superior Video Auction, where
nearly a quarter of a million feeder cattle
are on offer. Early yearling steer sales
were evenly split on each side of the 90.00
mark.
The Canadian border issue has had
little effect on feeder cattle prices, but the
fat cattle market continues to hang on
every official word on the expected re
opening. This past week, feedlots were
threatened into accepting lower bids on
Tuesday, by a scheduled late-week an
nouncement on the border issue that
ended-up being postponed. A lifting of the
beef product import ban is inevitable, but
until then producers on both sides of the
border are a slave to the issue.
East Fluid Milk
And Cream Review
Madison, Wis.
July 23,2003
Report Supplied by USDA
SPOT PRICES OF CLASS II CREAM,
dollars per lb butterfat; F. 0.8. producing
plants: Northeast: 1.6269-1.9184. Deliv
ered Equivalent; Atlanta: 1.6392-1.8820
mostly 1.6968-1.8213.
PRICES OF CONDENSED SKIM,
dollars per lb. wet solids, F. 0.8. produc
ing plants: Northeast: Class 11, includes
monthly formula prices: .BSOO-.9300.
Class 111, spot prices: 1.000-1.0500.
SPOTS SHIPMENTS OF GRADE A
MILK: FLORIDA: This Week: In 0, Out
51; Last Week In 0, Out 51; Last Week In
48, Out 2. SOUTHEAST STATES: This
Week: In 0, Out 0; Last Week In 0, Out 0;
Last Week In 0, Out 0.
EDITOR’S NOTE: Due to changes in
milk supply agreements, milk import/
export totals are not directly comparable
to year ago figures and to shipments prior
to April 1,2003.
During June, milk production in the 20
major states totaled 12.33 billion pounds,
down 0.1% from June 2002. The follow
ing are the June-to-June changes for se
lected states: Texas 7 .3%, New York
-2.7%, Vermont -3.9%, Pennsylvania -
4.3%, Virginia -6.4%, Florida -8.0%, and
Kentucky -9.8%.
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This week, milk production continues
to ease in most areas of the region. Fluid
milk supplies are mixed, but mostly light
er. Milk sales are occurring at a premium
to Class prices, which is typical for this
time of year. Bottled milk sales range
from sluggish in the Northeast to fairly
good in the Southeast.
It doesn’t seem possible, bottlers in the
Southeast are already preparing for
school lunch business. Some year-round
schools are starting up next week and
most public schools will be starting their
new year the second week of August. Sur
plus milk volumes moving to manufactur
ing plant are lighter and many plants are
operating on greatly reduced schedules.
Some Southeastern plants have been idled
until milk volumes bounce back.
In the Northeast, manufacturing plants
are also running on lighter schedules due
to incoming volumes of milk.
The condensed skim market is un
changed. Demand for Class 111 is slowing
as prices have moved above a dollar per
pound solids. Many users are switching or
have switched to NDM. Powder at 84-86
cents per pounds can save Class 111 users
a lot of money. Class II prices are mostly
steady. August’s advanced Class II skim
milk price was up only two cents from
July, which will mean that Class II con
densed skim price will hold relatively
steady.
The fluid cream market is temporarily
weaker. A butter manufacturer has their
churn down this week and more cream is
on the market However, when it gets
going again next week, cream will tighten
back up. Some cream suppliers do have
extra cream to move this week and multi
ples eased after being vety high for early
week deliveries. Some of the high multi
ples were based on how tight cream was
last week and, as cream became available
early this week, multiples eased some
what. The higher multiples and the
4.75-oent jump in the CME average have
combined to push prices sharply higher
this week. Demand is mostly steady. Ice
cream and ice cream mix production are
seasonally heavy. Soft serve mix sales are
very good and typical for this time of
year. Bottled cream sales are slowing in
some areas and spot cream
needs in this sector of the
market are off slightly.
Cream cheese production is
mostly steady, but increas
ing cream prices are a de
terrent to spot sales.
East Coast and North
Central Veal Report
Des Moines, lowa
July 21,2003
Supplied By USDA
CARLOT VEAL CARCASS REPORT:
Compared to trading last week: Northeast
special fed veal unsettled, mostly
240.00-285.00, few lots at sharply higher
levels on very good demand and very
light offerings. North Central hide on 5.00
to 5.00 higher and hide off not tested on
very good demand and very light offer
ings.
VEAL CARCASS, SPECIAL FED,
HOT BASIS, FOB PRODUCTION
POINTS: North Central 280 head. Hide-
On, 240-300 lbs: 209.00-210.00. Northeast
400 head. Hide-Off, 215-275 lbs:
240.00-
CONTRACT INFORMATION: Hot
Basis, Hide-Off (As of July 23,2003)
Contract calves slaughtered this week:
200.00- few at higher and lower
levels. Packers base market
210.00- Future Contracts offered:
Firm Bottom 205.00, Firm Top
220.00- Firm Bottom 205.00, Split
Half Top 220.00. Fixed 207.00, 208.00
and 210.00.
• 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, July 21 Compared
to last week: Distributive special fed veal
cuts mostly steady with some buyer resis
tance at current levels. Exception to racks
trading firm to higher with good demand.
Continued reduced veal slaughter number
with U.SJCanada border being closed due
to BSE.
Prices per CWT: Carcass, hide off
200-250 lb 290.00-340.00; Foresaddles
85-110 lb 210.00-260.00; Kosher Foresad
dles 90-110 lb 225.00-280.00; Hindsaddles
85-115 lb 395.00-450.00; Loins, regular
17-25 lb 390.00-450.00; Loins, 4x4 trmd
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Lancaster Farming, Saturday, July 26, 2003-A25
12-18 lb 750.00-800.00; Hotel Racks, 8 rib
15-21 lb 725.00-775.00, 7 rib 14-20 lb
725.00- 6 rib 13-17 lb
825.00- Chuck, square cut 36-47
lb 160-185.00; Shoulder, full 14-20 lb
185.00- Legs, double 70-90 lb
390-450.00, TBS 3-piece 24-32 lb
750-975.00, BHS heel-out 27-35 lb
695.00- Top Round, trmd, cap-off
8-10 lb 1050.00-1325.00; Breast 10-12 lb
90.00- Necks, bone-in 24-28 lb
150.00- Stew Meat, regular
225.00- Boneless Trimmings
72-80% lean 72.00-95.00; Heavy Nature
Green Hides, per piece 40-41.50.
Eastern Cornbelt Direct
Sheep Weekly Summary
Springfield, 111.
July 18,2003
Report Supplied By USD A
Eastern Cornbelt Direct Sheep Weekly
Report (includes lambs sold in IL., IN.,
OH., Ml.) Compared to last week,
slaughter lambs were mostly weak to 2.00
lower. Slaughter ewe prices remained
steady. Goats were weak to 5.00 lower.
Demand was light to moderate. Trading
activity was moderate. Large numbers of
fair lambs were marketed in some areas
of the cornbelt and the availability of
these lambs pressured the market. Carlot
lamb carcass prices were 11.00-16.00
lower for weights under 45 lb. Prices for
lamb carcasses over 45 lb were 3.00-7.25
lower. Confirmed sales this week about
65% slaughter lambs, 35% ewes and an
additional 744 head of goats. Total sheep
and lambs sales 1000, last week 1300 and
year ago 1400.
SLAUGHTER LAMBS: Choice 2-3,
110-135 lb 80.00-85.00, few 88.00-89.00;
85-110 lb few 78.00-80.00; 65-85 lb
95.00-101.00.
SLAUGHTER EWES: Utility to Good
1-3, 30.00-34.00; Cull to Utility:
25.00-30.00.
SLAUGHTER GOATS (cwt): KIDS:
Selection 2: 20-40 lb 98.00-103.00; 40-60
lb 88.00-92.00. Selection 3: 20-60 lb
45.00-60.00. YEARLINGS: Selection 2:
70-90 lb 55.00-65.00. DOES/NANNIES
and BUCKS/BILLIES: 45.00-55.00.
This report covers sheep and lambs
sold direct off the farm through local
country stations.
Note: receipts do not cover total move
ment in the area.
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