A2O-Lancaster Farming, Saturday, August 2, 2003
Midwest Daily
Livestock Summary
Amarillo, Texas
July 29,2003
Report Supplied By USDA
In the direct slaughter cattle trade in
the Five Major Marketing Areas on Tues
day firm undertone noted on early sales.
STEERS: LIVE BASIS: over 80% Choice
80.00; 65-80% Choice 79.00-81.00, wtd.
avg. 80.08; 35-65% Choice 76.00-81.00,
wtd. avg. 79.70. DRESSED BASIS: over
80% Choice 128.00; 65-80% Choice
124.00-128.50, wtd. avg. 127.52; 35-65%
Choice 127.00-128.00, wtd. avg. price
127.61. HEIFERS: LIVE BASIS: 65-80%
Choice 80.00-81.00, wtd. avg. 80.20;
35-65% Choice 79.00-80.00, wtd. avg.
79.83. DRESSED BASIS; over 80%
Choice 124.00-128.00, wtd. avg. 127.47;
65-80% Choice 124.00-127.00, wtd. avg.
126.28; 35-65% Choice 127.00-128.00,
wtd. avg. 127.68.
Terminal markets: So. St. Paul slaugh
ter steers and heifers sold steady. Steers:
Choice 2-4 1195-1485 lbs 76.00-78.00,
couple pkgs 78.90-79.00. Heifers; Choice
2-3 1157 lbs 76.25.
Cattle slaughter under federal inspec
tion on Tuesday yvas estimated at 134,000
head compared to 134,000 a week ago
and 132,000 a year ago. Week to date
263,000 head compared to 264,000 a week
ago and 265,000 a year ago.
CME Futures Closes for Live Cattle:
July 79.52, down 42; August 78.00, up 45;
September 77.60, up 40.
Slaughter cows at South St. Paul sold
steady. Premium White 70-75 percent
lean 54.00-56.00, high dressing
56.00- Breakers 70-80 percent lean
over 1100 lbs 52.00-55.00, high dressing
55.00- Boners 80-85 percent lean
over 1050 lbs 48.00-52.00, high dressing
52.00- Lean 85-90 percent lean
44.00-
At terminal market barrows and gilts
sold steady to 2.50 lower. 47-50 percent
lean 220-270 lbs sold from 38.50-41.50.
The direct trade prices are based on 185
lbs hog carcass with 0.9-1.1 inch back fat
and 6 inch square loin/2.0 inch depth
plant delivered. National direct trade
closed weak, price range 48.75-60.51, wtd.
avg. price of 58.15. lowa-So.
Minnesota direct trade was
steady,
price range
48.75-60.51, wtd. avg. price
of 58.52. The Western Corn
belt was weak to .50 lower,
price range of 48.75-60.51,
wtd. avg. price 58.37. The
Eastern Cornbelt trend was
steady with prices ranging
from 50.00-60.00, wtd. avg.
price 57.50.
Hog slaughter under fed
eral inspection on Tuesday
was estimated at 367,000
head compared to 376,000 a
week ago and 365,000 a year
ago. Week to date 713,000
head compared to 707,000 a
week ago and 728,000 a year
CME Futures Closes for
Lean Hogs: August 58.05,
down 35; October 51.25,
down 80; December 50.55,
down 72.
Slaughter lambs were 2.00
lower on Tuesday at So St
Paul. New Crop: Choice,
end Prime 2-3 120-140 lbs
80.00-82.00, few 83.00-84.00;
110-120 lbs 78.00-80.00.
Sheep and lamb slaughter
under federal inspection on
Tuesday was estimated at
11.000 head compared to
10.000 a week ago and
11.000 a year ago. Week to
date 21,000 head compared
to 20,000 a week ago and
23.000 a year ago.
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National Feeder Cattle
Weekly Review
St. Joseph, Mo.
July 25,2003
Report Supplied By USDA
NATIONAL FEEDER & STOCKER
CATTLE SUMMARY - Week Ending
July 25 Total Receipts: 597,200; last
week 327,000; last year 453,000. Direct;
118,500; last week 111,000; last year
84,400. Video/lnternet: 261,800; last week
none; last year 194,300. Auctions: 216,900,
last week 216,000; last year 175,100. This
weeks reported auction volume included
42 percent over 600 lbs and 40 percent
heifers
Compared to last week, feeder and
Stocker cattle sold steady to 2.00 higher.
The full advance was realized late in the
week, after feedlots sold finished cattle
3.00- higher which sparked two-days
of limit-up sessions on nearby CME Live
Cattle contracts. The dog actually wagged
his own tail this week as the cash market
and fundamental factors sparked the rally
in the futures pits. This friendly dog is a
lot more welcome than the panting days
of summer dog that usually plagues cattle
markets as temperatures heat up. Good
ole supply and demand came through this
week as short-bought packers uncharac
teristically raised bids early in the week
and paid 76.00-78.00 on a live basis and
123.00- dressed. This provoked
feedlots to swing the gates wide open and
when the dust cleared a whopping
310,000 head were moved in the five
major feeding areas by Friday.
Cattle feeders continue to pull cattle
ahead and this was confirmed by last Fri
days bullish cattle-on-feed report, as June
marketings were quoted 8 percent over a
year ago.
Aggressive marketing has resulted in
empty pens that are just itching for some
700-900 lb yearling feeders. Supplies of
these types are very limited and the sky
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seems to be the limit on prices for those
that are available. Its not very often that
late-summer heavy feeders cost ninety
something. Cost-of-gains are bound to be
low this fall with a projected record com
crop, but its hard to back fed cattle up
more than 15.00 to the projected Decem
ber finished market. There were 240,000
head of feeders offered on last weekend’s
Superior video, but the bulk of the supply
was made up of calves for fall delivery. A
large number of these calves were in the
Northcentral Region where 5 weight price
spreads were unusually wide from
93.75-114.50. The quality, of these calves
was outstanding and very similar, but
buyers are becoming wary of remote
ranches that may be 2.00 freight to the
nearest pa> phone. Demand was good for
this week’s light calf offerings, even in the
Southeast, despite drying pastures and
excess heat. Cattlemen of every level are
enjoying their field of business and their
not about to sit on the sidelines.
Slaughter Cattle
Weekly Review
Oklahoma City, Okla.
July 25,2003
Report Supplied By USDA
NATIONAL SLAUGHTER CATTLE
SUMMARY - Week Ending July 25:
Market taking on another surprising
move this week with cattle trading
3.00-4.00 higher. Dressed sales 4.00-5.00
higher. Packer demand good despite the
relatively stagnant movement of boxed
beef prices. By Thursday beef prices
began to make positive gains across the
board. Another large movement of cattle
this week and show lists were cleared.
Producers back into selling cattle with
limited days on feed. Market only increas
ing as the week progressed, indicating a
better market for the coming week. Boxed
beef prices closed Thursday at an average
of 126.29 up 53 cents from last Friday’s
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close. Sales of slaughter cattle on a na
tional basis for negotiated cash trades
were impressive at 320,250 through 2:00
p.m. Thursday. Last week’s full count
was 260,575 head.
STEERS AND HEIFERS: MIDWEST
DIRECT MARKETS: Live Basis: 35-80
percent Choice, 900-1400 lbs 74.50-79.00,
wtd avg 77.60. Dressed Basis: 35-80 per
cent Choice, 550-950 lbs 118.00-125.00,
wtd avg 123.37. HIGH PLAINS DIRECT
MARKETS: Live Basis: 35-65 percent
Choice, 900-1400 lbs 74.00-77.50, wtd avg
76.41.
SLAUGHTER COWS AND BULLS
(Average Yielding): Slaughter cows
steady, except northern markets 1.00-2.00
higher. Slaughter bulls steady to 1.00
lower.
USDA’s Cutter cow carcass cut-out
value closed Thursday at 95.75 down 11
cents from last Friday.
COWS: Breakers 75-80% lean
1000-1600 lbs: Montana 48.00-51.25; Ok
lahoma 43.50-46.75; Alabama
40.50- Boners 80-85% lean 900-1500
lbs: Montana 46.00-49.00; Oklahoma
43.50- Alabama 41.00-44.00. Lean
85-90% lean 850-1400 lbs: Montana
41.00-43.00; Oklahoma 41.00-44.50; Ala
bama 36.50-39.50.
BULLS: 88-92% lean 1500-2200 lbs:
Montana 52.00-59.00; Oklahoma
53.50- Alabama 52.00-56.00.
Direct Slaughter Cattle
Dally Market Review
St. Joseph, Mo.
July 30,2003
Report Supplied By USDA
National Slaughter Cattle Review as of
2:00 p.m. Wednesday. Trading and de
mand light to moderate Wednesday after
noon. Compared to alst week, steers and
heifers sold 3.00 to 4.00 higher at 80.00
live in the Southern Plains. Drsssed sales
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in the Northern Plains traded 5.00 higher
at 128.00 and live sales sold 2.00 to 3.00
higher at 80.00-81.00 mostly 80.00.
Negotiated Sales: Confirmed: 26,533;
week ago: 31,297; year ago: 3,971. Week
to Date: 266,826; week ago: 286,069; year
ago: 11,376.
NEGOTIATED PRICES. Prices Paid
for Domestic Slaughter steers and Heif
ers: (Information derived from the 5 area
weighted average report); STEERS; LIVE
BASIS: Over 80% Choice 79.00-81.50 avg
80.47; 65-80% Choice 80.00-81.50 avg.
80.35; 35-65% Choice 79.00-80.50 avg
79.90; 0-35% Choice 76.00-80.00, avg
79.38. Total all grades 76.00-81.50 avg
79.92. DRESSED BASIS: Over 80%
Choice 127.00-128.50 avg. 128.34; 65-80%
Choice 128.00; 35-65% Choice
127.00- avg 127.77; 0-35% Choice
128.00. Total all grades 127.00-128.50 avg
127.95.
HEIFERS: LIVE BASIS: Over 80%
Choice 79.00-81.50 avg 80.02; 65-80%
Choice 79.00-80.50 avg 80.01; 35-65%
Choice 80.00; 0-35% Choice 79.00-81.50
avg. 80.01. Total all grades 79.00-81.50
avg 80.01. DRESSED BASIS: Over 80%
Choice 126.00-128.00 avg 126.90; 65-80%
Choice 127.00-128.00 avg 127.25; 35-65%
Choice 126.00-128.00 avg 127.86; 0-35%
Choice no quote. Total all grades
126.00- avg 127.55.
FORMULA PURCHASES: Prices es
tablished on previous reporting day for
slaughtered cattle. Beef Type: Domestic;
Head count priced today; 42,500; wtd avg
weight: 783 lbs; wtd avg net price: 117.04.
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 reporting system.
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