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Wednesday, July 30, 2014

Tennessee Feeder Cattle Weekly Summary

Friday, December 7, 2012

Receipts on 12 TN Auctions: 10,400 11 Last Week: 9,000 12 Last Year: 
10,000

Trends: According to the Federal-State Market News Service, compared
to last week, Slaughter cows and bulls steady.  Steers and bulls 2.00
to 4.00 lower. Heifers 2.00 to 5.00 lower. More than one reported
auction this week saw light weight calf offerings as much as 10.00
lower.

Markets retracted most of last weeks gains on calves.  The markets
inability to maintain upward price support still hinges on lack of
moisture in grazing areas. Forage growth is a concern and for many
states hay cost and availability is a limiting factor. Cheap gains
are hard to find when a growing ration needs to be furnished. Stock
ponds are low for many western cattle producers, even some local
producers express concern. Above normal temps, although comfortable,
appear to have reduced rain and snow amounts across the nation.
Yearling prices this week on load lots held steady as demand for
feedlot cattle remains firm. Basically two more weeks of marketing
are available before a two week holiday break.

Per the CME Group newsletter dated December 7, as of December 4th,
the drought also has obvious implications for the U.S. beef sector.
Not only is wheat pasture short, but grass conditions have deteriorated
significantly from northern Texas all the way to North Dakota. As of October 26, the date of USDAs final pasture condition ratings for the
year, 70% of the beef cow herd is in states with 40% or more of pasture
acres rated as in poor or very poor condition.  And the availability of
stock water, whether from ponds or wells, is becoming critical in many
areas.

Slaughter Cows 898 head; Bulls 163 head; Total Feeders 8,741 head;
Feeder supply, Steers and bulls 5,063 head; Heifers 3,678; Steers
and heifers over 600 lbs 2,973; Replacement and/or feeder cows 598
head.

                      Slaughter Cows Breakers 75-80                       
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         22  1005-1195    1143     66.00-77.00       70.38                
         10   990-1185    1126     61.00-71.00       65.34 Low Dressing   
         78  1200-1590    1371     64.00-78.00       71.47                
         11  1285-1550    1412     74.00-81.00       77.36 High Dressing  
         27  1200-1595    1386     62.00-71.00       68.14 Low Dressing   
         23  1605-1980    1723     67.00-75.00       70.57                
         10  1600-1720    1684     75.00-81.00       77.30 High Dressing  
         10  1600-1780    1694     65.50-72.50       67.60 Low Dressing   


                       Slaughter Cows Boners 80-85                        
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         72   810-1195    1069     66.50-77.00       71.29                
         10   935-1165    1088     74.00-80.00       77.22 High Dressing  
         33   860-1190    1067     59.00-71.00       65.31 Low Dressing   
        122  1200-1905    1383     65.00-78.00       71.99                
         44  1205-1685    1386     74.00-83.00       76.97 High Dressing  
         43  1205-1690    1347     58.50-72.00       65.83 Low Dressing   

                        Slaughter Cows Lean 85-90                         
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         72   850-1180    1035     59.00-71.00       66.12                
         39   855-1175     994     50.50-65.00       58.19 Low Dressing   
         27  1200-1515    1297     60.00-71.00       65.96                
          6  1210-1410    1283     57.00-63.50       58.89 Low Dressing   

                          Slaughter Bulls Y.G. 1                          
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         10  1105-1475    1286     78.50-93.00       86.19                
          8  1125-1490    1361     75.50-83.00       79.96 Low Dressing   
         51  1570-2320    1887     80.00-96.00       89.34                
         12  1520-2175    1829     92.00-99.50       95.06 High Dressing  
         23  1500-2325    1889     62.50-87.00       78.19 Low Dressing   

                    Feeder Steers Medium and Large 1-2                    
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
          6   207-245      229    185.00-200.00     190.92                
         27   253-296      282    156.00-205.00     175.84                
         50   300-347      330    154.00-203.00     173.90                
        120   350-398      379    132.00-185.00     157.56                
         85   400-446      426    130.00-177.00     156.88                
        138   450-495      472    134.00-161.00     149.91                
         37     492        492    149.50-167.75     163.80 Value Added    
        141   500-548      527    133.00-157.00     143.31                
        204   550-599      573    125.00-150.00     138.89                
        191   600-645      618    124.00-140.00     133.62                
         28     647        647       135.00         135.00 Value Added    
        150   650-699      671    118.00-137.50     130.14                
         17     689        689       140.00         140.00 Value Added    
        105   700-747      723    119.50-138.00     129.49                
         67     725        725       142.50         142.50 Load           
         41   750-790      770    116.00-132.50     125.43                
        131   765-768      767    139.60-141.00     140.28 Load           
         30   800-848      821    110.00-135.00     124.43                
         34     808        808       137.90         137.90 Value Added    
         21   850-888      870    105.50-131.00     118.93                
        296   850-875      870    134.80-137.60     136.61 Load           

                         Feeder Steers Small 1-2                          
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
          6   305-345      328    137.50-170.00     151.51                
         20   355-396      382    120.00-165.00     150.95                
         14   400-445      424    110.00-155.00     138.83                
          4   460-490      481    130.00-147.50     137.51                
         12   503-545      522    109.00-140.00     122.20                
         11   550-598      579    110.00-136.00     123.50                
          4   605-635      619    107.00-122.50     113.67                

                     Feeder Steers Medium and Large 3                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
          5   200-240      218    145.00-197.00     167.84                
         19   250-298      278    121.00-192.50     158.75                
         18   310-347      336    130.00-182.50     160.94                
         28   350-398      379    129.00-168.00     145.64                
         20   400-445      423    120.00-154.00     136.08                
         21   450-495      471    120.00-147.50     130.37                
         30   500-545      522    115.00-139.00     127.20                
         16   550-590      564    112.00-136.00     126.89                
         24   600-645      625    110.50-129.00     118.54                
         11   650-685      660    110.00-125.00     119.81                
          7   700-745      719    114.00-127.50     118.64                
         13   803-817      807    115.00-121.50     118.66                

                    Feeder Bulls Medium and Large 1-2                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         48   350-399      377    134.00-167.00     147.24                
         75   400-449      430    132.00-170.00     147.99                
        191   450-495      472    125.00-164.00     143.52                
        223   500-548      529    119.00-149.00     131.30                
        162   550-598      575    114.00-146.00     125.51                
        132   600-646      623    107.50-133.00     120.95                
        120   650-697      669    104.00-130.00     116.74                
         44   700-745      723     95.00-121.00     107.89                
         44   750-790      770     91.00-117.00     103.36                
         14   803-838      817     90.50-100.50      96.86                
          4   950-955      954     84.50-86.00       85.63                

                          Feeder Bulls Small 1-2                          
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         18   400-445      418     91.00-156.00     133.09                
         25   450-495      477     99.00-141.00     124.73                
         20   500-545      524     98.00-137.50     118.88                
         17   550-595      577     93.00-127.50     113.90                
         13   600-640      615     90.00-125.00     107.31                
          4   650-680      668    101.00-116.00     105.07                
          4   750-765      758     91.50-115.00     107.18                

                     Feeder Bulls Medium and Large 3                      
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
          7   350-395      380    116.00-132.00     122.29                
         28   405-445      426    108.00-150.00     126.46                
         54   450-495      477    107.50-145.00     123.90                
         37   500-545      522    103.00-138.00     120.79                
         44   550-598      569     90.00-128.00     113.53                
         34   600-645      627     90.00-122.50     108.75                
         18   660-690      672     92.00-120.00     108.32                
         10   705-745      727     92.00-114.00     104.17                

                   Feeder Heifers Medium and Large 1-2                    
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         20   255-290      275    133.00-175.00     149.59                
         73   300-345      326    125.00-175.00     138.97                
        145   350-397      382    123.00-152.50     135.83                
         21     360        360       155.00         155.00 Value Added    
        144   400-445      421    124.00-148.00     134.10                
        225   450-495      469    114.00-145.00     131.01                
         30     475        475       144.25         144.25 Value Added    
        347   500-545      529    115.50-138.00     126.86                
        229   550-599      575    109.00-134.00     123.84                
         31   561-597      584    128.25-134.50     130.38 Value Added    
        225   600-649      621    113.00-135.00     121.22                
        133   650-695      669    105.00-132.00     118.46                
         77   677-695      680    123.00-132.50     128.06 Value Added    
         37   700-740      720    105.00-120.00     111.41                
        206   710-735      725    131.75-133.40     132.55 Load           
         45   750-790      763    101.00-119.00     111.94                
         34   753-765      761    116.50-127.00     123.02 Value Added    
         10   800-845      819     97.00-123.00     108.42                

                         Feeder Heifers Small 1-2                         
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
          9   310-345      331    114.00-137.50     127.65                
         13   350-395      372    100.00-132.50     117.64                
         28   400-445      426    100.00-132.50     116.77                
         34   455-495      476     95.00-126.00     110.21                
         28   500-545      521     97.00-126.00     109.87                
         20   550-595      572     87.00-121.00     106.71                
          8   600-645      618    102.00-121.00     108.84                

                    Feeder Heifers Medium and Large 3                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
          5   250-280      262    121.00-140.00     128.66                
         13   300-345      331    120.00-140.00     128.77                
         25   355-395      374    112.00-140.00     124.12                
         59   400-445      425    110.00-132.50     121.06                
         61   450-495      474    109.00-128.00     119.19                
         73   500-545      522    108.00-125.00     114.80                
         36   550-596      574     96.50-121.00     109.06                
         17   600-645      628    100.00-119.00     112.51                
         16   650-695      675    100.00-115.00     107.89                
          5   755-780      768     96.00-108.00     102.03

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

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