AM_LS830 Amarillo, TX Thu Mar 11, 2010 USDA-TX Dept of Ag Market News Daily Livestock Summary CATTLE Direct Trade: In the direct slaughter cattle trade in the Five Major Marketing Areas, Texas/Oklahoma; Kansas; Nebraska; Colorado; Iowa/Minnesota; Thus far for today, negotiated cash trade was inactive in the Southern Plains. In Nebraska trade was slow on moderate demand with slow trade on light demand in Colorado. In the Western Cornbelt trade was light on moderate demand with early dressed sales trending 1.00 higher. Not enough sales in any other feeding regions to establish an adequate market trend. Steers: Live basis; (all Grades: 181 head) 89.00. Dressed basis; (all Grades: 7,992 head) 144.00-146.00, weighted average 144.96. Heifers: live basis; (all Grades: 0 head). Dressed Basis; (all Grades: 1,975 head) 144.00-146.00, weighted average 144.87. Auction markets: Sioux Falls Regional Slaughter - Worthing, SD Receipts: 994 Last week: 1047 Compared to last week average dressing slaughter steers and heifers steady. Steers and heifers with low dressing percentage due to feedlot conditions continue to be evident. Slaughter Steers: Choice 2-3 1300-1475 lbs 86.30-87.75, low dressing 1375- 1410 lbs 84.25-85.10. Choice 3-4 1415-1585 lbs 83.00-87.30. Steers returning to the country 1240-1365 lbs 88.00-88.10. Slaughter Heifers: Choice 2-3 1090-1180 lbs 85.60-86.85, 1310-1345 lbs 85.30- 88.00, load low dressing 1270 lbs 84.60. Choice 3-4 1395-1445 lbs 84.50-86.00. Select and Choice 1290 lbs 84.25. USDA ESTIMATED BOXED BEEF CUT-OUT VALUES CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 149.07 148.37 Change from prior day: (0.42) (0.83) -------------------------------------------------------------------------------- Choice/Select spread: 0.70 Total Load Count (Cuts, Trimmings, Grinds): 239 -------------------------------------------------------------------------------- CATTLE Slaughter under Federal Inspection Thursday (est) 122,000 Week ago (est) 126,000 Year ago (act) 117,000 Week to date (est) 485,000 Same Period Last Week (est) 488,000 Same Period Last Year (act) 482,000 CME Futures Closes for Live Cattle: Month Close Change Month Close Change Apr 93.82 - .05 Oct 92.52 - .02 Jun 91.95 + .22 Dec 94.27 - .02 Aug 90.15 + .32 Feb 95.30 - .10 Clovis Livestock Auction Summary - Clovis, NM - Wednesday - 3/10/10 Compared to a week ago: Slaughter cows steady to 1.00 lower. Slaughter Cows: % Lean Weight Avg Dressing Hi Dressing Lo Dressing Boners 80-85 1200-1600 50.00-55.25 --- --- Boners 80-85 800-1200 50.00-55.25 56.75 47.50-48.50 Lean 85-90 1200-1600 51.00 --- --- Lean 85-90 1000-1200 48.75-54.25 56.75 --- Lean 85-90 800-1000 44.00-52.50 --- 34.75-42.00 Lean 85-90 under 800 42.50-44.25 45.25 37.25 Holstein Slaughter Cows: % Lean Weight Avg Dressing Hi Dressing Low Dressing Boners 85-90 1200-1965 51.00-55.60 57.00 --- Boners 85-90 1000-1200 54.00 --- --- Lean 85-90 1200-1600 44.25-52.00 55.10-55.25 --- Lean 85-90 1000-1200 43.00-48.75 --- --- Lean 85-90 800-1000 45.50-48.75 --- --- USDA ESTIMATE CUTTER COW CARCASS CUT-OUT VALUE Cutter 90% 350#/up -------------------------------------------------------------------------------- Current-Cutout Value: $121.52 Change from prior day: $0.17 -------------------------------------------------------------------------------- El Reno Livestock Market, El Reno, OK on Wednesday Actual Receipts: 10,019 Last Sale: 8798 Last Year: 7607 Compared to last week: Feeder steers steady to 1.00 higher. Feeder heifers steady. Steer calves steady to 2.00 higher. Heifer calves steady to 3.00 higher. Feeder Steers: Medium and Large 1: 350-400 lbs 138.00-146.00; pkg 416 lbs 136.00; 450-500 lbs 1124.00-134.00; 500-550 lbs 119.50-129.00; 550-600 lbs 112.00-119.00; 600-650 lbs 108.00-115.75; 650-700 lbs 104.00-113.50; 700-800 lbs 98.00-108.50; 800-900 lbs 94.85-96.50; 900-950 lbs 90.00-94.25. Medium and Large 1-2: 330-350 lbs 1334.00-135.00; pkg 382 lbs 130.00; 430-450 lbs 119.00- 124.00; pkg 498 lbs 111.50; 500-600 lbs 110.00-118.00, 500-570 lbs thin 119.50- 120.00; 600-700 lbs 100.00-110.00, pkg 628 lbs thin 113.00; 700-800 lbs 95.00- 105.50; 800-900 lbs 92.00-98.75; 900-1000 lbs 90.00-93.50; pkg 1080 lbs 83.50. Medium and Large 2: 350-400 lbs 111.00-121.00; 450-500 lbs 108.00-110.00; 500- 550 lbs 107.50-117.00, thin 119.00-127.00; 570-600 lbs 105.00-105.50; 600-700 lbs 92.00-102.50; pkg 700 lbs 99.00; 760-800 lbs 83.00-94.50; 900-950 lbs 85.00- 90.00. Feeder Heifers: Medium and Large 1: 300-400 lbs 116.00-125.00; 400-450 lbs 114.00-120.00; 450-500 lbs 108.00-116.50; 500-550 lbs 110.00-114.00; 550-600 lbs 101.00-110.00; 600-650 lbs 97.00-105.00; 650-700 lbs 93.50-99.50; 700-800 lbs 91.00-97.25; 800-900 lbs 88.00-92.75; pkg 955 lbs 82.50. Medium and Large 1-2: 300-400 lbs 110.00-116.00; 400450 lbs 109.00-116.00, pkg 445 lbs value added 115.50; pkg 470 lbs 109.00; 500-600 lbs 98.00-107.00; 600-700 lbs 93.75-100.50; 700-800 lbs 92.00-94.75; 800-900 lbs 85.00-90.00; pkg 900 lbs 85.50. Medium and Large 2: 300-400 lbs 100.00-110.00; 400-500 lbs 105.00-113.00; 500-600 lbs 95.00-102.00; 600-700 lbs 91.00-95.00; 700-800 lbs 86.50-94.00; 800-850 lbs 85.50-90.00. CME Future Closes for Feeder Cattle Month Close Change Month Close Change Mar 101.92 - .07 Aug 107.75 + .12 Apr 105.10 + .07 Sep 107.20 + .55 May 105.75 + .32 Oct 107.02 + .15 HOGS Direct trade: Dressed Basis: 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 barrows and gilts 2.29 lower with prices ranging from 63.00-73.25, weighted average price 71.12. Iowa-Minnesota 2.81 lower at 63.00-73.25, weighted average price 71.51. Western Cornbelt 2.42 lower at 63.00-73.25, weighted average price 71.66 and the Eastern Cornbelt 0.26 lower at 63.00-72.97 weighted average price 69.70. Live Basis (240-280 lbs): National direct barrows and gilts .30 higher at 52.57-58.00, weighted average 56.59. Iowa-Minnesota .27 higher at 52.57-58.00, weighted average 56.73. Western Cornbelt .34 higher at 52.57-58.00, weighted average 56.73. Eastern Cornbelt 0.64 lower at 55.00-55.65, weighted average 55.36. USDA ESTIMATED PORK CARCASS CUTOUT Calculations for a 200 lb Pork Carcass 53-54% lean, 0.65"-0.80" backfat at last rib ----------------------------------------------------------------------- ` Today's Primal Cutout Values Date Loads Carcass Loin Butt Pic Rib Ham Belly ----------------------------------------------------------------------- 03/11 74.75 74.11 86.48 67.53 52.77 114.59 71.57 88.69 Change : 0.16 0.59 -0.61 -0.14 1.57 -0.58 0.05 ----------------------------------------------------------------------- HOG Slaughter under Federal Inspection Thursday (est) 414,000 Week ago (est) 425,000 Year ago (act) 415,000 Week to date (est) 1,635,000 Same Period Last Week (est) 1,713,000 Same Period Last Year (act) 1,679,000 CME Futures Closes for Lean Hogs: Month Close Change Month Close Change Apr 71.87 - .67 Jul 80.17 - .57 May 77.25 - .80 Aug 79.80 - .65 Jun 80.20 - .45 Oct 70.85 - .22 SHEEP Auction Markets: Centennial Livestock Auction - Ft. Collins, CO Receipts: 1121 Last Week: 757 Year Ago: 350 Compared to last week: slaughter lambs mostly steady on comparable sales. All sheep and lambs sold on a per cwt basis unless noted. Slaughter Lambs: Wooled: Choice and Prime 3-4 130-145 lbs 126.00-127.00; 150- 180 lbs 111.00-124.00. Choice 2-3 115-130 lbs 127.00-137.50; 140-150 lbs 121.00; 150-155 lbs 115.00-117.50. Good and Choice 1-2 70-80 lbs 139.00-145.00; 90-105 lbs 129.00-135.00; 115-130 lbs 124.00-128.00. Good 1 59 lb 138.00; 108 lb 117.50. NATIONAL DAILY LAMB CARCASS REPORT Negotiated sales for delivery within 14 calendar days, FOB Plant basis. DAILY CHOICE AND PRIME, YG 1-4 Head 1,254 Weight Head Wt Avg 45-DN 87 301.16 45-55# 76 261.36 55-65# 248 242.23 65-75# 434 220.69 75-85# 297 214.21 85-UP 112 206.68 SHEEP Slaughter under Federal Inspection Thursday (est) 9,000 Week ago (est) 9,000 Year ago (act) 10,000 Week to date (est) 39,000 Same Period Last Week (est) 37,000 Same Period Last Year (act) 38,000 GOATS Auction Markets: Centennial Livestock Auction - Ft. Collins, CO Goat Receipts: 205 Last Week: 229 Year Ago: 483 Compared to last week: not enough for an adequate market trend. A weaker undertone was noted. All goats sold on a per head basis unless noted. Slaughter/Feeder Kids: Selection 1 17 lb 32.50; 27 lb 45.00; 45 lb 78.00; 50- 55 lbs 87.50-97.50; 65 lb 110.00; 75-80 lbs 115.00-117.50; 84 lb 115.00; 90-95 lbs 117.50-120.00; 113 lb 145.00. Selection 2 22 lb 36.00; 50 lb 68.00-70.00; 63 lb 85.00; 78 lb 105.00; 85 lb 112.50. Source: USDA-TX Dept of Ag Market News, Amarillo, TX 806/372-6361 - email: amarillo.lgmn@usda.gov www.ams.usda.gov/mnreports/AM_ls830.txt 1530c cs .