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Slaughter Cattle: Thus far for Wednesday trading, in the Southern and Northern Plains, has been at a standstill.  In the Western Cornbelt very limited trading on very light demand has occurred.  Not enough traded, negotiated cash, sales for a market trend.  Last week, in the Texas Panhandle, live sales sold from 94.00-95.00, mostly 95.00.  In Kansas live sales sold at 94.00 and dressed sales sold at 148.00.  For the prior week, in Nebraska, dressed sales ranged from 146.00-148.00 and live salessold from 91.50-92.00.  In Colorado live sales sold at 93.00 and dressed sales,on a light test, sold at 145.00.  For the previous week, in the Western Cornbelt,live sales sold from 89.00-90.00 and dressed sales sold from 144.00-147.00.

Terminal Markets: United Producers Inc, Shelbyville, IL - Compared to last week, slaughter steers and heifers sold 1.50 higher. Slaughter Steers: Choice 2-3: 1050-1465 lbs 88.00-92.50; 1525-1745 lbs 86.00-90.00.  Select and Choice 2-3: 915-1415 lbs 84.00-87.50; 1500-1665 lbs 85.00-87.75.   Slaughter Heifers: Choice 2-3: 985-1380 lbs 88.00-91.75; 1480-1550 lbs 88.50-90.00.  Choice 3-4 1080-1310 lbs 86.00-87.00.  Select and Choice 2-3: 950-1205 lbs 85.00-87.75.

Negotiated sales:
Confirmed:      2,280      Week ago:    696       Year ago:    574
Week to Date: 4,292       Week ago: 3,194       Year ago: 5,334

Negotiated prices paid for Slaughter Steers and Heifers:
Live basis              Steers                              Heifers
Over 80% Choice     92.00-  92.00avg  92.00            -
65 - 80% Choice            -                                       -
35 - 65% Choice            -                                       -
0 - 35% Choice             -                                        -
Total all grades    92.00-  92.00avg  92.00         -     
 
Formula purchases: Today... Previous Day...
Head count priced today:
Weighted avg weight:
Weighted avg net price:
25,300
818
146.81
15,400
796
147.75
.
Cattle Slaughter under Federal Inspection:
Wednesday(est)                   125,000
Week ago (est)                     120,000
Year ago (act)                       123,000
Week to Date (est)                 374,000
Same Period Last Week (est)  363,000
Same Period Last Year (act)    371,000

Boxed Beef: Boxed beef cutout values higher on moderate demand and offerings.  Select and Choice chuck and round items steady to firm while rib and loin cuts firm tohigher.  Beef trimmings generally steady on light to moderate demand and offerings.
 
Cutout Values...
CHOICE
SELECT
 
600-900
. .
600-900
-Current Cutout Values:
153.60
 
152.39
-Change from prior day:
+1.08
 
+1.68
.
-Choice/Select spread:
1.20
---
.
Est. Weekly Meat Production Under Federal Inspection: Total red meat production under Federal inspection for the week ending Saturday, March 13, 2010 was estimated at 915.8 million lbs. according to the U.S.Department of Agriculture's Marketing Service. This was 0.4 percent lower than a week ago and 2.5 percent lower than a year ago.  Cumulative meat production for the year to date was 3.9 percent lower compared to the previous year.

April Live Cattle Futures: 96.15...+0.67

June Live Cattle Futures: 93.97...+0.35

August Live Cattle Futures: 91.57...+0.42

March Feeder Cattle Futures: 103.27...+0.32

April Feeder Cattle Futures: 106.27...+0.42

May Feeder Cattle Futures: 107.35...+0.35

CME Feeder Cattle Index: 102.68...+0.10

Tuesday Auction Results...
"Click" on individual auction links for complete report...

Abilene Auction Inc. - Abilene, TX...
Cattle and Calves: 987         Week Ago: 1,174       Year Ago: 742
Compared to last week: Feeder steers under 500 lbs 3.00-4.00 higher, over 500 lbs steady to firm.  Feeder heifers under 500 lbs 2.00-3.00 higher, over 500 lbs steady to 2.00 higher.  Slaughter cows and bulls steady.  Replacement cows and cow/calf pairs steady on light test.  Trade and demand good.

Amarillo Livestock Auction - Amarillo, TX...
Cattle and Calves:  2,382   Week Ago: 1,675   Year Ago:  1,942
Compared to last week:  Feeder steers and heifers over 750 lbs steady to 2.00 higher; under 750 lbs 2.00-4.00 higher.  Slaughter cows and bulls firm to 2.00 higher.  Bulk of the supply Medium and Large 1-2 550-850 lb feeder steers and heifers.  Trade active with good to very good demand however a light test under 600 lbs.

Dominique Livestock Auction - Opelousas, LA...
Cattle Receipts:  390    Last Week:  343    Last Year:  199
Compared to last week, slaughter cows sold steady.  Slaughter bulls no comparison.  Feeder steers sold steady to 3.00 higher.  Feeder heifers sold 2.00-4.00 higher.

East Texas Livestock of Crockett - Crockett, TX...
Cattle and Calves: 1,306       Week Ago: 1,103      Year Ago: 653
Compared to last week: Feeder steers under 500 lbs mostly steady, over 500 lbs 2.00-3.00 higher.  Feeder heifers steady.  Slaughter cows 2.00 higher. Slaughter bulls steady.  Trade active and demand stronger on a good quality of feeders.

Kingsville Livestock Auction - Kingsville, MO...
Receipts:  1771    Last Week:  4026    Year Ago:  3302
Compared to last week, steers from 450-850 lbs steady to 5.00 higher;heifers from 400-750 lbs steady to 3.00 higher with some four weight heifers up to 6.00 higher.  Slaughter cows 3.00-4.00 higher.  Supply moderate.  Demand very good.

Maryville Livestock Auction - Maryville, MO...
Receipts:  1609    Two weeks Ago:  2932    Year Ago:  2783
Compared to the last feeder cattle auction two weeks ago, feeder steers weighing 500-700 lbs sold firm up to 4.00 higher, with 700-900 lb steers selling mostly 2.00-3.00 higher, steers over 900 lbs sold steady.  Feeder heifers weighing over 500 lbs sold firm to 1.00 higher with instances up to 4.00 higher on the 650-700 lb heifers.  Trading was active throughout the sale despite very muddy conditions.  Demand was very good on offerings of good quality feeder cattle.

Ozarks Regional Stockyards - West Plains, MO...
Receipts:  3400    Last Week:  3637    Year Ago:  3332
Compared to last Tuesday, steers under 550 lbs mostly steady, over 550 lbs 2.00-3.00 higher.  Heifers were unevenly steady.  Supply moderate.  Demand good to very good.

Tulsa Stockyards - Tulsa, OK...
Receipts:  2339    Last Week:  3852    Year Ago:  2152
Compared to last week:  Stocker cattle 2.00-4.00 higher.  Feeder cattle firm but not well tested.  Good attendance of buyers and with very aggressive trade.

Winter Livestock Inc. - La Junta, CO...
Receipts:  1526    Last Week:  3760    Year Ago:  1049
Compared with last Tuesday: Steer calves in a light test steady to 1.00 lower. Heifer calves under 450 lbs 1.00 to 2.00 higher, over 450 lbs steady. Yearling feeder steers steady to 1.00 higher except for 800 to 850 lbs 2.00 higher. Yearling feeder heifers steady. Slaughter cows steady to 1.00 higher. Slaughter bulls 2.00 higher. Demand good. Trade moderate to active.

Jamestown Livestock Sales - Jamestown, ND...
Receipts:  930    Last Week:  912    Year Ago:  1427
Very few weight classes tested this week due to light offerings in many classes this week or last week.  700-800 lb. steers traded steady to 3.00 higher. 700-750 lb. heifers traded 1.00-2.00 higher. Todays offering included 60 fancy replacement type heifers which traded on strong demand and a premium for quality.

North Platte Livestock Auction - North Platte, NE...
Receipts:  750    Last Week:  0    Year Ago:  1650
Not enough comparable offerings to establish a trend. Demand was good. Steers accounted for 17 percent and heifers 83 percent of the supply. Weights over 600 pounds totaled 36 percent of the receipts.

Philip Livestock Auction - Philip, SD...
Receipts:  473    Last Week:  1549    Year Ago:  N/A
Compared to last week:  Slaughter cows sold mostly 2.00 to 3.00 higher.  Slaughter bulls sold 2.00 higher.  No recent comparison on replacement cattle, however a slightly firmer undertone noted on all classes.  Demand good.

Riverton Livestock Auction - Riverton, WY...
Receipts:    517       Last Week    3631    Last Year   2844
Compared to last Tuesday on a light offering, slaughter and feeder cows steady, slaughter bulls steady with instances 1.00 higher, feeder calves: not enough of any one class for a good market test. Demand moderate.

Athens Stockyard - Athens, TN...
Cattle Receipts: 1141       Last week: 2007         Last year: 708
Trends: According to the Federal-State Market News Service, compared to the same sale one week ago prices for Slaughter cows: 2.00 to 2.50 higher; Slaughter bulls: 2.00 higher in a limited test. Slaughter cow and bull prices rebounded slightly this week as packers become current on supplies. Feeder steers/bulls: 1.00 to 5.00 higher; Feeder heifers: 2.00 to 5.00 higher. Quality good to attractive on feeder classes. The market outlook remains optimistic this week with stronger demand for all feeder classes.

Dickson Cattle Auction - Dickson, TN...
Cattle Receipts:  454      Last week: 1138    Last year: No report
According to the Federal-State Market News Service, compared to same sale one week ago, Slaughter cows 2.00 higher. Bulls steady. Steers and bulls steady to 4.00 higher. Heifers steady.

Dixie Livestock Market - Oak Park , GA...
Receipts:  1290    Last Week:  1575    Year Ago:  905
Compared to one week ago, slaughter cows steady to 3.00 higher, bulls steady, feeder steers 1.00 higher, heifers 2.00 lower, steer calves 2.00 to 3.00 higher, heifer calves steady to 2.00 higher, replacement cows steady to 3.00 lower.

Livingston Co. Stockyards - Ledbetter, KY...
Receipts: 1,043 Head
Compared to last week: Slaughter cows 1.00-2.00 higher. Slaughter bulls steady to 2.00 lower. Feeder steers steady to 4.00 higher. Feeder heifers 2.00-5.00 higher.

Uniontown Livestock Auction - Uniontown, AL...
Receipts:  389    Last Week:  893    Year Ago:  446
Compared to last week: Slaughter cows 1.00-3.00 higher, bulls 2.00-3.00 higher.  Feeder classes 3.00-4.00 higher.  Replacement cows steady.Supply consisted of 10 percent slaughter cows, 3 percent slaughter bulls,4 percent replacement cows and pairs and 83 percent feeders.

Ft Payne Livestock Auction - Ft. Payne, AL...
Receipts:  749    Last Week:  1374    Year Ago:  566
Compared to last week: No trends, market not reported last week. Supply consisted of 8 percent slaughter cows, 1 percent slaughter bulls,5 percent replacement cows and pairs and 86 percent feeders.  The feeder supply included, 1 percent steers, 54 percent bulls and 45 percent heifers.Near 16 percent of the run weighed over 600 lbs.

Stockland Livestock Auction - Davenport, WA...
Receipts: This Week: 750   Last Week: 555    Year Ago: 400
Compared to last Monday at the same market, feeder cattle unevenly steady to firm. Trade active with very good demand. Slaughter cows 1.00-3.00 higher. Slaughter bulls 2.00 lower in a light test. Trade active with good demand for light supplies.
 

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May Pork Belly Futures: 92.25...+1.20

May Lean Hog Futures: 78.50...+0.32

Hogs: National direct trade barrows and gilts were .28 lower with prices ranging from 62.00-70.50, weighted average price 68.62.

Sheep: Producers Livestock Auction, San Angelo, TX
Est. Receipts:  6300    Last Week:  5698    Year Ago:  4180
Compared to last week slaughter lambs weak to 10.00 lower.  All sheep and goats sold perhundred weight (CWT) unless otherwise specified. Slaughter Lambs: Choice 2-3 shorn and wooled 100-175 lbs 100.00-109.00, few 115.00.  Good 1: high-yielding 40-60 lbs 133.00-150.00, set 167.00; 60-70 lbs130.00-148.00; 70-80 lbs 120.00-140.00; 80-90 lbs 120.00-144.00; 90-100 lbs 115.00-129.50.  Average yielding 40-60 lbs 115.00-130.00; 60-70 lbs 115.00-128.00; 70-90 lbs 110.00-120.00; 90-110 lbs 100.00-115.00.  Low yielding 40-60 lbs 100.00-115.00; 60-90 lbs 100.00-110.00.

Daily National Grain Market Summary: Grain and soybean bids continue to see gains as the lower dollar, higher equities and crude oil lend support.

Kansas City Corn: 3.67...+0.12

Kansas City Wheat: 4.34...+0.07

Kansas City Soybeans: 9.54...+0.14

May Corn Futures: 3.74...+0.07'2

May Wheat Futures: 4.96...+0.09

May Soybean Futures: 9.59...+0.14

Nearby Crude Oil Futures Contract: 82.93...+1.23

Dow Jones Industrial Average: 10,733.67...+47.69

NASDAQ: 2,389.09...+11.08
 
 

~ Additional reports at "Market Reports" & "Auction Results" ~

.~ Updated daily Monday thru Friday... Normally around 4:00 PM CST ~

Although the information contained within is from sources believed to be accurate and timely, THE CATTLE RANGE EXPRESSLY DISCLAIMS ALL WARRANTIES, EXPRESSED OR IMPLIED, AS TO THE ACCURACY OF ANY OF THE CONTENT PROVIDED, OR AS TO THE FITNESS OF THE INFORMATION FOR ANY PURPOSE.