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Slaughter Cattle: Negotiated cash trade was limited on light demand in all feeding regions Friday. Not enough sales to establish an adequate market trend. On Thursday live sales sold from 87.00 to 87.50 in Kansas and dressed sales at 140.00. In Nebraska live sales sold from 85.00 to 86.00 and dressed sales at 134.00. In Colorado live sales sold at 85.00. In the Western Cornbelt live sales sold at 84.00 and dressed sales at 134.00. Last week in the Texas Panhandle live sales sold from 87.00 to 88.00.

The average live weight of cattle slaughtered in the Texas Panhandle for the week ending 10-31-2009 was 1275 lbs with 42 percent heifers compared to 1281 lbs and 41 percent heifers the previous week and 1281 lbs and 38 percent heifers the same week a year ago.

Terminal Markets: Walnut Livestock Auction, Walnut IL - Compared to last week, slaughter steers traded steady. Slaughter Steers Choice 2-3 1137-1474 lbs 80.00-83.00; 1500 lbs 82.00.  Select and Choice 2-3 1095-1135 lbs 71.75-73.50. Slaughter Heifers Choice 2-3 1118-1273 lbs 79.75-80.85.  Select and Choice 2-3 1000-1170 lbs 76.75-79.25.

Negotiated sales:
Confirmed:         3,881      Week ago:    6,164      Year ago: 17,973
Week to Date: 112,927      Week ago: 177,060      Year ago: 96,024

Negotiated prices paid for Slaughter Steers and Heifers:
Live basis             Steers                               Heifers
Over 80% Choice          -                                   85.00-85.00  avg 85.00
65 - 80% Choice            -                                  85.00-85.00  avg 85.00
35 - 65% Choice     87.50-87.50  avg 87.50         87.50-87.50  avg 87.50
0 - 35% Choice              -                                          -
Total all grades   87.50-87.50  avg 87.50     85.00-87.50  avg 85.96
 
Formula purchases: Today... Previous Day...
Head count priced today: 
Weighted avg weight:
Weighted avg net price:
7,700
817
137.48
12,100
835
135.77
.
Cattle Slaughter under Federal Inspection:
Friday   (est)                        118,000
Week ago (est)                     120,000
Year ago (act)                       117,000
Week to date (est)                 608,000
Same Period Last Week (est)  620,000
Same Period Last Year (act)    604,000

Boxed Beef: Boxed beef cutout values weak on light to moderate demand and moderate toheavy offerings.  Select and Choice rib, chuck, round and loin cuts steadyto weak.  Beef trimmings steady on moderate demand and offerings.
 
Cutout Values...
CHOICE
SELECT
 
600-900
. .
600-900
-Current Cutout Values:
140.78
 
135.44
-Change from prior day:
-0.55
 
-0.32
.
-Choice/Select spread:
5.34
---
.
Est. Weekly Meat Production Under Federal Inspection: Total red meat production under Federal inspection for the week ending Saturday, November 07, 2009 was estimated at 971.6 million lbs. according to the U.S.Department of Agriculture's Marketing Service. This was 1.7 percent lower than a week ago and 1.4 percent higher than a year ago.  Cumulative meat production for the year to date was 2.5 percent lower compared to the previous year.

December Live Cattle Futures: 85.00...-1.35

February Live Cattle Futures: 86.27...-0.95

April Live Cattle Futures: 89.00...-0.72

November Feeder Cattle Futures: 94.65...-0.95

January Feeder Cattle Futures: 96.07...-1.10

March Feeder Cattle Futures: 96.50...-0.80

CME Feeder Cattle Index: 93.15...-0.06

National Feeder & Stocker Cattle Weekly Summary...
Report Unavailable

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

Cattleman's Livestock Auction - Dalhart, TX...
Cattle and Calves: 2,945      Week Ago: 2,424          Year Ago: 2,638
Compared to last week: Feeder steers and heifers under 500 lbs 2.00-4.00 higher, over 500 lbs mostly 2.00 higher, with load lots 4.00 higher.  Slaughter cows mostly 2.00 lower, lean cows up to 4.00 lower.  Trade active.  Demand good.

Cattlemens Livestock Auction - Glenwood, AR...
Receipts:  1289    Last Week:  675    Year Ago:  719
Compared to last week: Slaughter cows and bulls 3.00-4.00 lower. Feeder steer calves under 550 lbs 3.00-4.00 lower, over 550 lbs near steady. Feeder heifers mostly steady.

Farmers & Ranchers Livestock Commission Co. - Salina, KS...
Receipts:  2850       Last Sale: 2366      Year Ago:  2178
Compared to last week:  Steers 300-700 lbs 1.00-9.00 higher, bulk of trade 2.00-5.00 higher; 700-1050 lbs 1.00-6.00 lower. Heifers 350-1000 lbs 1.00-3.00 higher. Receipts: 57 percent (1585) 600 lbs and over, 42 percent (1196) 600 lbs and under; 1 percent (69) slaughter cows. Trade and demand good.

Joplin Regional Stockyards - Joplin, MO...
Receipts:  1300   Last Week:  817   Last Year:  829
Compared to last Wednesday, the bulk of slaughter cows sold 1.00-2.00 lower with some high dressing 3.00 lower and slaughter bulls sold 1.00-2.00 lower. The offering included several herd reductions and dispersals giving a good selection of quality bred cows but cow/calf pairs were scarce. Supply was heavy and demand light to moderate for slaughter classes.

New Cambria Livestock Auction - New Cambria, MO...
Receipts:  1108    Week Ago:  1015    Year Ago:  1218
Compared to last week, feeder steers and heifers steady to 2.00 higher.  Slaughter cows steady.  Demand moderate to good and supply moderate.

Pratt Livestock Auction - Pratt, KS...
Receipts:  1028      Last Week: 1694      Year Ago: 2263
Compared with last week: Steers steady to firm in a light test; heifers steady in a very light test.  Buyers aggressive for reputation offerings.  Slaughter cows weak to 2.00 lower.  Slaughter bulls weak.  Trade and demand moderate.

St. Joseph, MO Stockyards - St. Joseph, MO...
Receipts:  979    Last Week:  1357    Year Ago:  1328
Compared to last week, steer and heifer calves sold 1.00-2.00 higher. Yearling feeder cattle traded fully steady in a light test.  Receipts and producer attendance was light, but order buyers were active and the market could have withstood a much heavier offering, which should be on the way.

Sterling Livestock Commission Co. - Sterling, CO...
Receipts:  2614    Week Ago:  1090    Last Year:  1324
Compared to last week:  steer calves under 600 lbs mostly 3.00 to 4.00 higher, except 400 to 500 lbs 7.00 to 8.00 higher. Steer calves over 600 lbs 3.00 higher.  Heifer calves mostly 4.00 to 5.00 higher. Feeder steers unevenly steady on comparable sales.  Feeder heifers 3.00 higher on comparable sales.  Market activity moderate to active.  Demand moderate to good.

Stockman's Livestock Inc. - Apache, OK...
Receipts:  3410    Last Week:  2504    Year Ago:  2895
Compared to last week:  Feeder steers and heifers steady to 2.00 higher.  Steer and heifer calves 2.00 to 4.00 higher.  Demand good for feeders and calves.  Supply included 49 percent over 600 lbs and 47 percent heifers.

Bassett Livestock Auction - Bassett, NE...
Receipts:  2177    Last Week:  1786    Year Ago:  2800
No recent test for an accurate market comparison. Demand was moderate to good and trade active for a sunny November day. Lower values going for calves with no fall conditioning shots.

Billings Livestock Commission Co. - Billings, MT...
Receipts:  3,443    Last Week:  3,518    Last Year:  1,725
Compared to last week:  Steer and heifer calves sold mostly unevenly steady to 2.00 lower.  Yearling cattle not well tested.  Feeding cows sold mostly unevenly steady to weak, however a higher undertone was noted on Heiferettes to Young cows.  Slaughter cows mostly sold steady to 2.00 lower, except Lean cows which sold 2.00-3.00 lower.  Slaughter bulls sold mostly steady.  Demand moderate to good.

Centennial Livestock Auction Co. - Ft. Collins, CO...
Receipts:  3906    Week Ago:  560    Last Year:  1996
Compared to last week:  steer calves under 600 lbs mostly 3.00 to 4.00 higher. Steer calves 600-700 lbs 1.00 to 2.00 higher.  Heifer calves under 600 lbs 4.00 to 5.00 higher. Heifer calves over 600 lbs no comparable sales to trend.  Feeder steers and heifers no comparable sales to trend due to light sales last week.  Market activity moderate to active.  Demand moderate to good.

Napoleon Livestock Auction Inc. - Napoleon, ND...
Receipts:  2955    Last Week:  1780    Year Ago:  1052
Compared to last week steer calves under 700 lbs sold 1.00 to 2.00 higher.  Heifer calves under 650 lbs sold 1.00 to 2.00 higher.  Yearling feeder steers and heifers not tested due to lack of comparable sales.  Feeder cattle with both spring and fall shots found favor with the buyers.

Presho Livestock Auction - Presho, SD...
Receipts:  5653    Last Week:  300    Year Ago:  na
No trend as no sale in recent with comparable feeder receipts. Numerous potloads and part loads on offer.  Several consignments from previous weeks that was due to rain and muddy roads in the area.

Stockmens Livestock Exchange - Dickinson, ND..
Receipts:  2581    Last Week:  1552    Year Ago:  2097
Compared to last week. Feeder steers traded steady to 2.00 higher. Feeder heifers traded steady. Demand was good.

Valentine Livestock Auction - Valentine, NE...
Receipts:  4407    Last Week:  0    Year Ago:  4650
Compared with two weeks ago steers trended steady. Demand was moderate to good and trade active on mostly black, red, and a few white-face offerings.

Blue Grass South - Stanford KY...
Cattle Receipts: 2772    Last week: 1390
Compared to Monday’s sale, steer calves sold mostly steady with the exception of 5 wgt steers selling up to 5.00 higher.  Heifer calves sold mostly steady.  Yearling steers sold steady to 1.00 lower.  Yearling heifers were not previously tested.  Slaughter cows and slaughter bulls sold mostly steady.

Cullman Livestock Auction - Cullman, AL...
Receipts:  1137    Last Week:  892    Year Ago:  668
Compared to last week slaughter cows 1.00-2.00 lower, slaughter bulls steady to 1.00 lower.  Feeder classes 1.00-3.00 higher.  Replacement cows 25.00 per head higher.

Decatur Stockyards - Decatur, AL...
Receipts:  580    Last Week:  600    Year Ago:  990
Compared to last sale slaughter cows 1.00-2.00 lower, bulls steady. Feeder cattle mostly steady, moderate demand on feeders.

Knoxville Livestock Center - Knoxville, TN...
Cattle Receipts: 1357       Last week: 854         Last year: 1146
Trends: According to the Federal-State Market News Service, compared to the same sale one week ago prices for Slaughter cows: 1.00 to 2.00 lower; Slaughter bulls: 2.00 to 3.00 lower; Feeder steers/bulls: Steady; Feeder heifers: Steady to 2.00 lower.

Ky-Tenn Livestock Market - Guthrie, KY...
Receipts:1838            last week:1408
Compared to last week:Feeder Steers,Steady to 2.00 Higher.Feeder Heifers, 2.00-3.00 Higher.Slaughter Cows 2.00 Higher.Slaughter Bulls,Steady.

Toppenish Livestock - Toppenish, WA...
Receipts: This Week: 2000   Last Week: 1665    Last Year: 1480
Compared to last Thursday at same market, feeder cattle were mixed; weights less than 700 lbs steady to 2.00 higher, over 700 lbs steady to 3.00 lower. Trade active with good demand. Slaughter cows and bulls 2.00-4.00 lower. Trade moderate with light to moderate demand, due to an interest out of the market.
 

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February Pork Belly Futures: 86.10...+1.30

February Lean Hog Futures: 62.85...-0.62

Hogs: National direct trade barrows and gilts .48 lower with prices ranging from 44.00-55.23, weighted average price 53.01. For the week: National Direct barrow and gilt prices 1.53 higher.

Sheep: Eastern Cornbelt Direct Sheep Weekly Report - Compared to last week, slaughter lambs traded steady.  Wooled Slaughter Lambs: Choice and Prime 2-3: 90-110 lbs 98.00; 110-130 lbs 82.00-92.00. Good and Choice 1-2: 60-90 lbs 105.00.

Daily National Grain Market Summary: Grain and soybean bids were lower again due to favorable weather.  The weather looks dry into the weekend allowing wheat planting and harvest to advance.  There is rain in the forecast for next week.  The lower energy markets also contributed to the losses posted in corn and soybeans.

Kansas City Corn: 3.47...-0.10

Kansas City Wheat: 4.41...-0.17

Kansas City Soybeans: 9.20...-0.22

December Corn Futures: 3.67...-0.09'4

December Wheat Futures: 4.97'2...-0.15

November Soybean Futures: 9.48...-0.19

Nearby Crude Oil Futures Contract: 77.43...-2.19

Dow Jones Industrial Average: 10,023.87...+17.91

NASDAQ: 2,112.44...+7.12
 
 

~ 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.