SOUTH ST. PAUL (AP) (USDA) -- Friday cattle: 900.
Compared to Thursday, not enough slaughter steers, heifers and Holstein steers on hand for a market test. On a light test, slaughter cows and bulls sold steady to 1.00 higher. Near 850 feeders expected for the auction.
Slaughter Steers: No test.
Holstein Steers: No test.
Slaughter Heifers: No test.
Slaughter Cows: Premium White 70-75 percent lean 46.00-48.00, 44.00-46.50 (low dressing); Breaking 70-80 percent lean 44.50-46.50, 43.50-44.50 (low dressing); Boning 80-85 percent lean 44.00-46.00, 46.50-48.50 (high dressing), 43.50-44.50 (low dressing); Lean 85-90 percent lean 40.00-43.50, 36.00-38.75 (low dressing).
Slaughter Bulls: Yield Grade 1-2 1,365-2,115 lbs. 55.00-58.00.
For the week: Compared to late last week, slaughter steers and heifers sold 3.00-4.00 lower. Holstein steers sold 1.00-3.00 lower. Slaughter cows and bulls sold steady. Cattle futures continued their downward spiral from last Wednesday's media outbreak of possible foot and mouth cases in a few cows in Kansas. Even though the results came back negative last Thursday, futures have yet to stabilize with seven straight days of losses. Producers were left wondering when the 'rip chord' was going to be pulled, and their nervousness was evident this week as quality of slaughter steers, heifers, and Holstein steers were considerably lower. Slaughter cows on the other hand didn't seem to be affected with prices holding steady through Thursday, hinting that they wanted to go lower. However on Friday, on a light test, a definite higher undertone was noted. Receipts this week were considerably lower and predicted to remain that way through next week. With live futures losing nearly 5.00 in a week, a tremendous amount of profit taking has occurred. This has left people wondering whether the profit taking was illegally induced, as a lot people felt it was time for the rally to end. Feeder cattle futures have also been affected, and with lower breakevens, buyers have no other alternative but to offer less money. Weather has fluctuated all week, with lots of sunshine on the first day of Spring, but low and behold by 5:00 it was spitting snow.
Compared to Thursday, barrows and gilts sold 1.00 higher. 47-50 percent lean 220-260 lbs. 34.50-35.00; 47-50 percent lean 260-270 lbs. 33.50-34.50; 46-48 percent lean 270-280 lbs. 32.50-33.50.
Sows: Under 400 lbs. .50 lower; over 400 lbs. 1.00 lower.
U.S. 1-3: under 400 lbs. 28.00; 400-500 lbs. 29.00; 500-550 lbs. 31.00; 550-600 lbs. 32.00; over 600 lbs. 33.00.
Boars: Steady. under 300 lbs. 27.00; 300-700 lbs. 14.00.
For the week: Compared to last week, barrows and gilts sold .50 lower. Sows under 500 lbs. sold 2.50-3.00 lower, and sows over 500 lbs. sold 2.00 lower. Boars under 300 lbs. sold 2.00 lower and over 300 lbs. sold steady.
Compared to Thursday, all classes sold steady to weak. Supply near 60 percent slaughter lambs, 10 percent slaughter ewes and 30 percent feeder lambs.
Slaughter Lambs: Shorn: Old Crop: Choice, few Prime 2-3 110-140 lbs. with 1-2 pelts 62.00-64.00. Wooled: Old Crop: Choice, end Prime 2-3 110-140 lbs. 57.00-59.00.
Slaughter Ewes: Utility and Good 25.00-28.00. Cull 20.00-25.00.
Feeder Lambs: Medium and Large 1-2 60-80 lbs. 70.00-80.00; 80-100 lbs. 60.00-70.00.
For the week: Compared to last week, slaughter lambs 1.00 lower, slaughter ewes sold steady to 2.00 lower, and feeder lambs sold 5.00 lower. These lower prices occurred on Monday as all animals are old crop with expectations of new crop animals to come. Supply near 65 percent slaughter lambs, 15 percent feeder lambs, and 20 percent slaughter ewes.
Brainerd Dispatch ©2013. All Rights Reserved.