[Masthead] Fair ~ 46°F  
Freeze Warning
Friday, Oct. 31, 2014

Tennessee Feeder Cattle Weekly Summary

Friday, November 9, 2012

Receipts on 11 TN Auctions: 7,784 12 Last Week: 8,050 12 Last Year: 
11,000

Trends: According to the Federal-State Market News Service, compared to 
last week: Slaughter cows/bulls mostly steady. Feeder steers/bulls
steady to 2.00 higher.  Heifers under 550 lbs 3.00 to 5.00 higher,
over 550 lbs steady to 2.00 lower.

Through the magic of technology, laptops, auction programs, data bases,
we can take all 12 reported sales in the state and produce a weighted
average price for the various weights and classes of livestock. Of
course, this takes a market reporter, the key ingredient in this
process. The reporter attends the sale and records individual lots or
in most cases head of cattle by weight, sex, grade and price. He or she
is able to do this quit efficiently through years of training and market
knowledge. So, when markets trend unevenly through the week,(i.e. calves
10.00 higher at one sale while another auction across the state on the
same day trends them 10.00 lower), we are able to sit back at the end of
the week and look at weighted average prices for the entire state and
hopefully make an intelligent decision as to what the market is doing.
Most the time it works, other times, maybe a shot in the dark.

Several factors seem to be playing on the market currently, one is water
or the lack of it in the form of rain for winter grazing areas of the
U.S. Not only are several areas lacking rain to produce wheat or grass
but stock water is a concern. Who wants to haul feed and water all
winter, not many if they can help it. Two, fed cattle prices that have
not provided profitability and spent most of the year in the red. Whether
they are losing 50.00 to 250.00 per head, one can see why some feedlots
have closed or severely reduced the number of cattle they have on feed.
Boxed beef prices have advanced to near record levels only to quickly
retreat as outlets are unable to move product at higher levels
particularly when cheaper protein sources are available. Three, the
economy, are there more jobs available, is the unemployment level
actually declining or are people just giving up. If tax levels do
increase does that not mean less deposable income.

Enough rambling, in short, markets may very well behave somewhat
erratically as uncertainty prevails. Presently, it depends on who is
looking for cattle on a particular day, week or location as to what
the prices or price trend may be. No real magic formula. Prices will
try to follow seasonal trends unless drought or other forces prevail.
Currently prices are well above year ago levels.

Slaughter Cows 788 head; Bulls 116 head; Total Feeders 6,362 head;
Feeder supply, Steers and bulls 3,585 head; Heifers 2,777; Steers
and heifers over 600 lbs 1,763; Replacement and/or feeder cows
518 head.

                      Slaughter Cows Breakers 75-80                       
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         22   995-1195    1123     68.50-77.50       72.05                
         85  1200-1595    1395     65.50-77.50       71.54                
         17  1310-1580    1464     75.00-83.00       77.93 High Dressing  
         30  1200-1595    1392     60.00-70.00       66.07 Low Dressing   
         22  1600-1795    1669     67.00-74.00       71.20                
          5  1605-1815    1697     75.00-81.50       78.08 High Dressing  
         10  1605-1805    1688     60.00-71.00       65.20 Low Dressing   

                       Slaughter Cows Boners 80-85                        
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         78   855-1195    1092     68.00-80.00       72.38                
         15   965-1185    1090     75.50-83.00       78.87 High Dressing  
         31   870-1190    1060     59.00-70.00       64.69 Low Dressing   
        110  1200-1900    1367     67.00-80.00       72.93                
         30  1200-1740    1394     75.50-83.00       78.76 High Dressing  
         28  1200-1595    1363     63.00-70.50       66.77 Low Dressing   

                        Slaughter Cows Lean 85-90                         
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         88   850-1195    1039     60.00-71.50       66.04                
         51   850-1195    1017     50.00-63.50       57.28 Low Dressing   
         27  1205-1515    1294     57.50-70.00       65.69                
         10  1200-1600    1284     52.00-64.00       59.28 Low Dressing   

                          Slaughter Bulls Y.G. 1                          
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         13  1255-1495    1415     82.00-92.50       87.26                
          8  1320-1495    1409     65.00-84.00       77.30 Low Dressing   
         35  1510-2365    1830     80.00-94.50       88.07                
         20  1580-2205    1816     90.00-101.00      94.34 High Dressing  
         11  1505-2075    1729     67.00-86.50       79.75 Low Dressing   

                    Feeder Steers Medium and Large 1-2                    
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
          9   205-245      232    170.00-217.50     192.41                
         29   250-295      280    170.00-240.00     191.17                
         48   300-345      328    148.00-207.50     180.11                
         68   350-395      378    160.00-192.50     168.90                
         94   400-445      422    141.00-179.00     161.90                
        127   450-495      471    135.00-164.00     154.05                
         17   450-475      465    159.50-170.00     160.97 Fancy          
         89   500-545      524    133.00-157.00     144.70                
        135   550-598      572    128.00-150.00     138.04                
         70   550-565      559    142.00-158.00     152.53 Fancy          
         26   574-586      579    142.00-145.25     143.98 Value Added    
        121   600-648      623    122.50-143.50     134.04                
         41   605-643      631    135.50-145.00     137.05 Fancy          
        105   650-695      669    121.00-138.50     130.73                
         40   700-745      730    121.00-136.00     129.47                
         29   708-719      713       135.00         135.00 Value Added    
         55   750-795      778    114.00-135.00     128.40                
         17   800-835      808    114.00-128.00     123.39                
          8   850-890      866    112.00-127.00     120.49                
          6   966-993      975    109.50-111.00     110.49                

                         Feeder Steers Small 1-2                          
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
          7   305-345      331    125.00-182.50     160.95                
          8   350-375      357    120.00-177.50     144.87                
          4   410-445      426    133.00-152.50     146.57                
         13   450-490      472    127.00-147.50     138.26                

                     Feeder Steers Medium and Large 3                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
          6   215-245      236    149.00-192.50     162.85                
          4   280-295      289    147.50-202.50     177.18                
          8   300-340      324    162.50-182.50     174.43                
         37   350-395      382    130.00-171.00     150.56                
         16   405-445      422    124.00-155.00     134.81                
         33   453-495      477    115.00-147.50     135.45                
         20   500-548      529    120.00-140.00     129.03                
         11   550-590      572    112.50-130.00     120.42                
         10   600-645      629    114.00-125.00     119.88                
          8   650-695      666    105.50-120.00     112.21                
          3   710-745      730    103.00-117.00     111.57                

                    Feeder Bulls Medium and Large 1-2                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         34   350-395      375    135.00-170.00     155.72                
         81   400-445      425    132.00-169.00     154.22                
        109   450-495      468    126.00-160.00     145.56                
        166   500-549      525    120.00-147.00     135.88                
        157   550-596      575    113.00-138.00     127.89                
        134   600-648      628    111.00-135.00     121.40                
         98   650-690      667    105.00-126.00     118.00                
         89   700-745      721     95.00-121.00     108.98                
         35   750-795      775     92.00-109.00     101.72                
         14   800-845      815     88.00-109.00     101.88                
          3   875-890      882     94.50-103.00      98.52                
          6   910-940      916     92.50-105.00      96.13                

                          Feeder Bulls Small 1-2                          
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
          8   415-445      428    100.00-150.00     119.96                
         12   455-495      479     98.00-130.00     109.60                
         16   500-545      524     95.00-130.00     111.20                
         15   550-595      574    101.00-128.00     117.28                
          4   600-615      606    101.00-116.50     108.98                
          4   655-670      660    107.00-118.00     114.26                
          4   705-745      733     92.50-109.00     103.50                

                     Feeder Bulls Medium and Large 3                      
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         24   400-445      425    111.00-140.00     125.83                
         32   450-495      476    112.00-145.00     125.27                
         35   500-545      523    105.00-132.50     118.80                
         29   550-595      571     96.00-128.00     113.95                
         39   602-645      626     96.00-123.00     111.87                
         15   655-690      675     94.00-119.00     108.94                
         14   700-745      725     96.50-110.00     101.68                
          9   750-787      773     90.00-102.00      97.92                
          4   870-880      875     86.50-94.50       89.27                

                   Feeder Heifers Medium and Large 1-2                    
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         13   250-290      271    140.00-170.00     156.43                
         44   300-348      326    129.00-161.00     146.28                
         80   350-396      383    127.00-157.50     144.59                
        114   400-445      426    125.00-154.00     139.40                
        218   450-498      471    119.00-147.50     134.23                
        244   500-549      528    120.00-138.00     129.22                
         10   500-520      512    139.00-142.00     140.12 Fancy          
         94     546        546       145.00         145.00 Load           
         18     543        543       133.00         133.00 Value Added    
        224   550-599      575    112.00-135.00     124.88                
         84     595        595       138.75         138.75 Load           
        107   600-648      625    110.00-129.00     120.85                
         19   600-646      636    125.00-129.00     125.77 Fancy          
         24   615-645      631    124.00-125.50     124.67 Value Added    
         99   650-698      674    102.00-123.00     115.18                
         12   660-699      689    127.00-128.00     127.24 Fancy          
         40   700-743      720    100.00-121.00     113.97                
         13   718-743      734    119.75-122.00     120.15 Fancy          
         67     740        740       133.25         133.25 Load           
         19   750-790      772    105.00-120.00     111.30                
          5   800-830      817     98.50-114.00     107.10                

                         Feeder Heifers Small 1-2                         
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
          9   350-395      372    110.00-142.50     122.52                
         13   400-445      422    100.00-127.00     115.29                
         13   450-495      470    103.00-127.50     110.50                
         16   500-540      525    100.00-120.00     111.20                
         21   555-595      572     99.00-118.00     108.89                
         17   600-645      616     91.00-117.00     104.10                
          4   655-680      665     95.00-110.00     103.79                
          4   710-745      720     94.00-110.00     105.04                
          7   767-780      769     90.50-106.00      92.75                

                    Feeder Heifers Medium and Large 3                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
          8   255-290      276    134.00-150.00     142.86                
         13   310-345      329    120.00-145.00     131.51                
         27   355-395      376    112.00-142.50     128.78                
         54   400-448      425    110.00-138.00     122.15                
         51   450-495      474    107.00-135.00     121.00                
         59   500-548      526    106.00-123.00     115.89                
         47   550-595      570     97.00-123.00     113.30                
         37   600-645      624     95.00-121.00     112.16                
         17   659-690      668     93.00-116.00     108.48                
          6   705-725      714     95.50-110.00     103.21

Source: Tennessee Dept of Ag-USDA Market News, Nashville, TN 
        Lewis Langell, OIC     (615) 837-5164
        www.ams.usda.gov/mnreports/nv_ls145.txt

slb