National Feeder Cattle
Weekly Review
St. Joseph, Mo.
November 21,2003
Report Supplied By USDA
NATIONAL FEEDER & STOCKER CAT
TLE SUMMARY for week ending Nov. 21
Total Receipts: 361,900; last week 447,100; last
year 443,100. Direct: 32,200; last week 49,500;
last year 79,700. Video/Intemet: 1,900; last
week 34,100; last year 2,700. Auctions: 327,800;
last week 363,500; last year 360,700. This
week’s reported auction volume included 30
percent calves and yearlings weighing over 600
lbs and 43 percent heifers.
Compared to last week, calf prices were un
even and yearling feeders were steady to 2.00
higher on an extremely limited test. Receipts
were much lighter than a year ago as many pro
ducers could not resist prices and sold a bit
earlier than usual. Calf demand remains good,
but seems significantly better for lightweights
weighing under 500 lbs which give the buyers
more options and will hedge past the April
CME feeder contracts that have been trading at
a discount to March and May. This lightweight
demand was evident in the Southeastern mar
kets, where the bulk of the reduced supplies
weighed from 200-400 lbs and traded steady to
4.00 higher. In the Plains and the Mountain
States, where most of the calves weigh over 500
lbs, prices were unevenly steady to 2.00 lower.
The quality of the calf offerings in these areas
was also reportedly plainer as the fall runs have
peaked and many of the most reputation herds
have already sold. Demand has dramatically in
creased for female replacements as ranches
complete their preg-testing and cull/keep sort
ing for the year. Many cow-calf producers could
not resist the handsome calf market and sold
most or all of their heifers. Instead, they can in
crease their production quicker by obtaining
bred heifers or young cows from someone elses
herd. Most producers take pride in building
their own herds, but business is business. Auc
tions in western ranch country, including sales
in La Junta, Colorado quoted bred heifers over
1000.00 per head and young cows up to
1125.00. Buyers don't like having to winter new
replacement purchases, but most cattlemen
agree that the replacement market will be sig
nificantly higher in the spring. Fed cattle, year
ling feeders, and slaughter cows have all seen
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record prices In the last few months and calves
are not slouching; that leaves only replacement
females to make it a clean sweep for the indus
try. Fridays cattle-on-feed report was within ex
pectations, although placements and market
ings in October were higher than the average
guess. There were 3 percent more cattle being
fed on November Ist than a year ago,
placements were 16 percent higher and market
ings were 94 percent of last year. Placements
under 700 lbs were 25 percent higher than 2002,
which coincides with the lack of yearlings this
faU.
Oklahoma Feeder
Cattle Weekly
Oklahoma City, OK
November 26,2003
Report Supplied By USDA
OKLAHOMA NATIONAL STOCKYARDS,
Weekly Cattle Summary Compared to last
week: Steer and heifer calves 2.00-5.00 higher.
Few yearlings 2.00 higher. Light holiday week
receipts were met with very good demand for all
classes. Primary increase in calf prices on fleshy
short term weaned offerings. Quality of supply
average. Calves and yearlings in medium to
fleshy condition with several yearlings out of
grow lots. First major Canadian cold front took
temperatures into low 20's Sunday night.
Receipts this week 3250; last week 9164; last
year 7016. Supply consisted of 44% yearlings
and many calves over 600 lbs; 48% calves; 8%
cows and bulls. Heifers comprised 48% percent
of feeder and calf supply.
Prices follow with weighted average weight
and price in parenthesis.
Feeder Steers; Medium and Large 1: Calves;
350-400 lbs (375 lbs) 131.00-138.00 (133.41);
400-450 lbs (436 lbs) 120.00-126.00 (121.80);
450-500 lbs (479 lbs) 117.00-122.00 (120.24);
500-600 lbs (550 lbs) 106.00-116.00 (112.96);
600-700 lbs (650 lbs) 104.00-111.00 (106.66);
700-740 lb calves (721 lbs) 98.00-106.00
(102.17). Few Yearlings; 700-725 lbs (718 lbs)
107.00-112.00 (109.24); 770 lbs 105.00; 820-860
lb (849 lbs) fleshy 95.00.
Feeder Heifers; Medium and Large 1; Calves:
400-500 lbs (450 lbs) 105.00-115.00 (110.33);
500-600 lbs (550 lbs) 96.00-103.50 (100.90);
600-700 lbs (650 lbs) 95.00-102.00 (97.83);
700-750 lb calves 90.75- 94.00 (93.21). Year
lings; 575 lbs 108.50; 640 lbs 103.50; 750 lbs
fleshy 96.50; 770 lbs fleshy 91.00; 890 lbs 95.00.
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Mon-insulated, single layer also available
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• Fabric options
• Additional switches, opening devices
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- Tube Motor Operator
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opening cycles/day
-3 in/sec opening speed
- Manaras Opera Continuous Duty Operator
-12 in/sec opening speed, Manual backup
- High Speed Operation
-Up to 42 in/sec
• Roll Seal Green's patented sealing system utilizes commercial
hook and loop, reducing movement of air, dust, dirt and other con
taminates from room to room. Multi-layered high density woven
polyethylene fabric has two air pockets that provide good thermal
insulation characteristics.
Red Meat Production
Down 12% in October
Washington, D. C.
November 21,2003
Report Supplied By USDA/NASS
Commercial red meat production for the
United States totaled 4.15 billion pounds in Oc
tober, down S percent from the 4.38 billion
pounds produced hi October 2002.
October 2002 contained 23 weekdays (Includ
ing one holiday) and 4 Saturdays. October 2003
contained 23 weekdays (including one holiday)
and 4 Saturdays.
BEEF production, at 2.21 billion pounds, was
12 percent below the previous year. Cattle
slaughter totaled 3.00 million head, down 8 per
cent from October 2002. The average live
weight was down 39 pounds from the previous
year, at 1,231 pounds.
VEAL production totaled 16.4 million
pounds, 13 percent below October a year ago
and a record monthly low. Calf slaughter total
ed 87,300 head, down 13 percent from October
2002. The average live weight was unchanged
last year, at 308 pounds.
PORK production totaled 1.91 billion
pounds, a record monthly high and up 4 per
cent from the previous year. Hog kill totaled
9.64 million head, 3 percent above October
2002. The average live weight was 3 pounds
above the previous year, at 267 pounds.
LAMB AND MUTTON production, at 18.0
million pounds, was down 9 percent from Octo
ber 2002. Sheep slaughter totaled 265,300 head,
12 percent below last year. The average live
weight was 133 pounds, up 3 pounds from Oc
tober a year ago.
January to October 2003 commercial red
meat production was 39.1 billion pounds, down
1 percent from 2002. Accumulated beef produc
tion was down 1 percent from last year, veal
was down 2 percent, pork was up 1 percent
from last year, and lamb and mutton produc
tion was down 9 percent.
LancasterFarraing, Saturday, November-29,' 2003-Al7
Kentucky Feeder
Cattle Sales
Lexington, Ky.
November 25,2003
Report Supplied By USDA
BLUE GRASS STOCKYARDS Daily Auc
tion: Actual Receipts: 1,424. Compared to Mon
day: Steer calves and heifer calves steady to
weak. Yearling steers and heifers near steady.
Holsteins steady.
FEEDER STEERS: Medium and Large 1:
300-330 lbs 113.00-126.00, 330-400 lbs 112.00-
119.00; 400-430 lbs 106.30-118.00; 430-300 lbs
104.00-112.00; 300-330 lbs 100.00-110.00;
350-600 lbs 94.00-104.30; 600-700 lb calves
91.75-97.00, 600-700 lb yearlings 97.00-106.00;
few 700-800 lbs 97.50-99.23, calves 86.00-88.30;
National Direct Feeder Pig Report
Week Ending November 21,2003
USDA Market News, Des Moines, lowa
Weekly Summary of prices on a farm to farm per head basis. FOB
is the price picked up at the seller's farm. DELIVERED is the price
unloaded at the buyer's farm, including trucking and broker's fees.
RECEIPTS: This 102,229 ; Last Week; 108,049
VOLUME BY STATE OR PROVINCE OF ORIGIN:
Manitoba 17.4% Ontario 12.6% lowa 12.5%
Missouri 72% Nebraska 6.9% Indiana 64%
Saskatchewan 5.3% Colorado 3.5% Illinois 2.8%
Arkansas 2.0% Kansas 1 8% Ohio 1 4%
Wisconsin 0.4% Tennessee 0.4%
VOLUME BY STATE OF DESTINATION:
lowa 40 9% Minnesota 19 4% Nebraska 12 2%
Indiana 7 5% Colorado 3.9% Missouri 22%
South Dakota 1.0% Wisconsin 1.0% Michigan 07%
TREND: Compared to last week: Early weaned pigs and all feeder pigs
generally steady. Demand moderate for moderate offerings. Receipts
include 45% formulated prices.
Lot Size Total Head Price Range WtdAvg i Price Range WtdAvg
Per Trade Per Category FOB Seller FOB j Delvrd Buyer Delvrd
EARLY WEANED PIGS 10 POUNDS BASIS: Estimated 40-54% Lean Value
250 head or less 3,072 19.00-32.80 29.52 I 25 00-33.50 30.51
250-750 10,669 18.00-34.68 29.02 j 26.00-38.18 31.25
750 or more 41,590 22.00-34.68 30.27 j 26.00-38.18 32.12
Total Composite 55,331 18.00-34.68 29.99 j 25.00-38.18 31.86
FEEDER PIGS 40 POUNDS BASIS: Estimated 40-54% Lean Value
250 head or less 350 32.00-33.50 32.86 i 34.00-37.00 35.29
250-750 6,860 30.00-38.00 32.88 i 34.00-39.00 36.29
750 or more 17,503 30.00-45.22 36.72 i 35.00-49.22 40.73
Total Composite 24,713 30.00-45.22 35.60 i 34.00-49.22 39.42
FEEDER PIGS 45 POUNDS BASIS: Estimated 40-54% Lean Value
250 head or less 120 40.50 40.50 j 41.00 41.00
250-750 1,100 28.00-31.50 30.23 I 30.00-37.00 34.45
750 or more 8,730 27.90-49.06 33.82 : 30.00-51.16 36.48
Total Composite 9,950 27.90-49.06 33.51 i 30.00-51.16 3631
FEEDER PIGS 50 POUNDS BASIS; Estimated 40-54% Lean Value
250 head or less 185 42.00 42.00 I 43.00 43.00
250-750 300 35.00 35.00 | 35.50 35.50
750 or more 5,200 36 00-48,50 39.27 I 38.50-49.00 41.50
Total Composite 5,685 35.00-48.50 39.13 I 35.50-49.00 41.23
FEEDER PIGS 55 POUNDS BASIS: Estimated 40-54% Lean Value
250-750 4,500 35.50-49.57 41.41 i 40.50-53.57 46.01
750 or more 2,050 32.50-38.00 35.32 j 37.50-41.50 39 55
Total Composite 6,550 32.50-49.57 39.50 i 37.50-53.57 43.99
Most lots of 40-60 weight pigs have a sliding value from the negotiated weight
basis which is calculated on the actual average weight of the load plus or minus 30-
.40 per pound Some early weaned lots have a slide of 50-1 00 per pound Early
weaned pigs are under 19 days old. Estimated lean value is projected to use slaugh
ter weights with normal confinement feeding conditions Vaccination and health pro
gram values are not included but health status should be disclosed
800-900 lbs 95.50-99.9. Holsteinc Urge 3:
300-400 lbs 73.00-79.0% 400-500 lbs 72.00-84.50;
500-600 lbs 76.00-81.00; 600-700 lbs 77.95-78.00,
including 29 head 682 lbs 77.95; cpl 788 lbs
73.00.
BULL CALVES: Medium and Large 1:
300-400 lbs 1043.00-113.00; 400-500 lbs 95.00-
110.00; 500-600 lbs 90.00-100.00; 600-700 lbs
82.00-92.00; 700-800 lbs 75.50- 83.50; 800-900
lbs 74.00-77.00.
FEEDER HEIFERS: Medium and Large 1
300-400 lbs 103.00-116.50; 400-500 lbs 93.50-
105.00; 500-600 lbs 86.00-96.50 fleshy
84.00- 600-700 lbs 85.00-93.50 fleshy
82.00- including 20 head(blk) 635 lbs
calves 89.60; few 700-800 lbs 82.00-85.50; few
800-900 lbs 80.00-86.00.
Oklahoma 10 6%
Minnesota 5 6%
Michigan 2 2%
No Carolina 1.0%
Illinois 8.8%
Ohio 1 9%
Pennsylvania 0 6%