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Friday, Aug. 1, 2014

Tennessee Feeder Cattle Weekly Summary

Saturday, January 12, 2013

Receipts on 12 TN Auctions: 10,009 3 Last Week: 1,757 12 Last Year: 9,648

Trends: Most sales were closed last week so trends could not be
established.

The beginning of the 2013 marketing season showed fairly large movement
in auctions across the state with the average receipts at 833 head on 12
reported sales. All classes of livestock witnessed price improvement when
compared to the last marketing week reported of 2012. Slaughter cows 1.00
to 3.00 higher. Bulls 3.00 to 4.00 higher. In the feeder classes,
steers/bulls were 3.00 to 7.00 higher, heifers 3.00 to 6.00 higher. Not
bad considering much of the U.S. remains below normal in precipitation
and feed costs remain elevated.

If you were wondering how January 2013 compares to January 2012, steers
and bulls are 5.00 to 10.00 higher, instances 16.00 higher on lightweight
offerings and heifers anywhere from 4.00 to 12.00 higher. So we start out
the new year with a bang as we continue push prices on calves and
yearlings higher. How much higher prices can go is yet to be seen. Calves
suitable for grazing, if there are areas to graze, may find additional
strength, yearlings will be tied more closely to the fed cattle futures
which showed April near 137.00 on Monday and down to 135.00 by Friday and
a live market that lost 2.00 to 4.00 this week with fed cattle at
$125.00-126.00.

Beef demand at higher priced retail levels still remains a concern for
the industry.  Consumers on tight budgets already express concern over
current retail beef prices and if and when fed cattle find their way into
the 130s, that very consumer may find chicken, pork or fish are the only
items they can afford.

Slaughter Cows 985 head; Bulls 158 head; Total Feeders 8,116 head;
Feeder supply, Steers and bulls 4,637 head; Heifers 3,479; Steers
and heifers over 600 lbs 2,410; Replacement and/or feeder cows 750
head.

                      Slaughter Cows Breakers 75-80                       
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         15  1035-1195    1150     72.00-79.00       75.14                
          8   925-1195    1096     62.00-70.50       67.13 Low Dressing   
         84  1200-1590    1395     67.00-79.00       74.54                
         17  1275-1530    1372     76.50-85.00       79.91 High Dressing  
         22  1210-1570    1400     61.50-75.00       68.21 Low Dressing   
         23  1600-1900    1690     70.00-81.00       74.37                

                       Slaughter Cows Boners 80-85                        
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         77   845-1195    1088     69.00-81.50       74.53                
         22   900-1195    1082     76.50-84.50       80.12 High Dressing  
         35   960-1195    1085     62.00-75.00       68.99 Low Dressing   
        152  1200-1970    1419     70.50-80.00       74.82                
         52  1200-1840    1398     76.00-84.50       80.10 High Dressing  
         52  1210-1805    1380     62.00-74.00       68.38 Low Dressing   

                        Slaughter Cows Lean 85-90                         
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
          4   770-840      793     66.00-71.50       68.39                
          5   800-840      824     59.00-65.00       62.10 Low Dressing   
         96   865-1195    1021     63.00-74.50       69.04                
         35   850-1175    1010     54.50-67.00       61.38 Low Dressing   
         31  1200-1530    1302     64.00-74.50       68.92                
          7  1220-1735    1326     57.50-62.00       60.08 Low Dressing   

                          Slaughter Bulls Y.G. 1                          
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         10  1275-1495    1385     85.00-96.50       90.98                
          5  1200-1485    1357     94.50-100.00      97.19 High Dressing  
          9  1105-1485    1330     75.00-86.00       79.78 Low Dressing   
         44  1555-2250    1860     84.00-96.50       91.45                
         15  1715-2340    1927     95.50-103.00      99.20 High Dressing  
         26  1515-2245    1844     67.50-89.50       82.43 Low Dressing   

                    Feeder Steers Medium and Large 1-2                    
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
          9   200-240      212    190.00-237.50     203.10                
         24   250-295      277    180.00-223.00     200.52                
         64   300-347      329    170.00-212.50     189.95                
        108   350-399      379    158.00-205.00     182.21                
        105   400-448      426    160.00-188.00     174.63                
        148   450-498      473    145.00-185.00     165.72                
         29   486-493      489    167.00-169.00     167.90 Value Added    
        154   500-547      525    140.00-170.00     156.75                
         34   516-549      531    162.00-165.75     163.44 Value Added    
        133   550-598      573    137.00-164.00     150.56                
         18   553-556      554    159.25-164.00     160.57 Value Added    
        118   600-645      622    132.00-153.00     144.24                
         47   600-630      615    142.00-156.50     154.01 Value Added    
        104   650-695      669    130.00-153.00     140.58                
         86   700-746      721    119.00-147.00     136.49                
          8     706        706       149.00         149.00 Value Added    
         48   755-795      776    120.00-138.00     133.33                
         17     763        763       137.25         137.25 Value Added    
         15   805-845      827     94.00-134.00     128.08                
        187   800-810      803    140.00-144.50     142.45 Load           
          4   872-880      874    125.00-133.00     130.99                
         66     880        880       138.75         138.75 Load           
        110     900        900       133.60         133.60 Load           
         13     936        936       128.00         128.00 Value Added    

                         Feeder Steers Small 1-2                          
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
          4   265-290      281    190.00-200.00     194.22                
          8   310-340      327    124.00-167.50     148.15                
         22   350-398      378    101.00-187.50     165.26                
         13   400-440      415    145.00-170.00     160.94                
         15   450-495      472    128.50-167.00     145.40                
          7   505-545      526    140.00-143.00     141.80                
          4   550-595      569    130.00-142.50     137.69                
         10   611-640      620    115.00-137.00     125.37                
          6   653-675      664     99.00-136.00     122.23                

                     Feeder Steers Medium and Large 3                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
          4   215-225      221    180.00-192.50     185.68                
         15   255-295      281    151.00-195.00     178.20                
         15   300-340      325    133.00-190.00     164.14                
         54   350-397      378    137.50-180.00     161.28                
         34   405-445      424    130.00-167.50     153.54                
         26   450-495      473    114.50-165.00     145.06                
         13   500-540      524    125.00-152.50     138.46                
         27   550-590      570    115.00-148.00     134.78                
         14   600-645      621    112.00-131.00     122.91                
         13   650-685      670    122.00-137.00     128.66                
          7   705-740      721    109.00-127.00     121.22                

                    Feeder Bulls Medium and Large 1-2                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         44   350-397      376    151.00-180.00     168.66                
         96   400-445      425    149.00-187.50     164.60                
        163   450-498      468    130.50-180.00     156.56                
        225   500-548      524    132.50-162.50     146.69                
        153   550-596      572    118.00-153.50     140.54                
        134   600-645      621    119.00-149.00     134.88                
        121   650-695      667    105.00-143.00     128.04                
         30   700-747      724    103.00-130.00     115.60                
         27   750-799      774    106.00-128.00     112.73                
          5   800-815      805     95.00-110.00     103.39                
          7   850-890      859     92.00-115.00      97.32                

                          Feeder Bulls Small 1-2                          
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         10   403-440      422    110.00-164.00     136.23                
         18   450-495      480    108.00-160.00     129.55                
         14   500-545      525    105.00-150.00     124.93                
          8   560-595      571     91.00-138.00     125.92                
          6   600-645      618    110.00-131.00     120.15                

                     Feeder Bulls Medium and Large 3                      
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         32   400-448      429    115.00-167.50     144.95                
         42   450-490      468    117.00-162.50     134.43                
         59   500-545      525    110.00-152.50     133.18                
         34   550-595      571    110.00-140.00     124.74                
         26   600-645      618    104.00-135.00     120.07                
         20   655-695      677    100.00-129.00     114.37                
         11   702-740      720    111.00-125.00     114.10                
          9   750-783      772     93.50-119.00     110.67                
          6   805-835      819     95.50-113.00     102.32                

                   Feeder Heifers Medium and Large 1-2                    
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
          8   215-245      231    145.00-180.00     162.68                
         18   255-295      279    140.00-166.00     158.63                
         65   300-348      332    130.00-165.00     152.11                
        130   350-395      378    132.00-177.50     150.34                
        208   400-448      425    128.00-165.00     147.36                
        345   450-499      474    125.00-159.00     142.47                
        313   500-549      526    120.00-153.00     137.01                
        230   550-596      572    121.00-153.00     132.49                
         32   550-593      567    135.25-143.50     140.16 Value Added    
        150   600-647      619    119.00-142.00     131.40                
         58   603-646      613    134.50-139.00     136.26 Value Added    
        105   650-698      672    115.00-137.00     127.19                
         61   703-745      724    108.00-132.50     122.75                
         12     735        735       132.50         132.50 Value Added    
         28   750-795      771    107.00-129.00     119.39                
         25     788        788       131.25         131.25 Value Added    
         10   800-845      820    108.00-121.00     114.98                
         34     829        829       129.50         129.50 Value Added    
         12   850-895      875     97.50-125.00     118.23                

                         Feeder Heifers Small 1-2                         
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
         13   300-340      321    110.00-142.50     132.11                
         15   350-390      374    104.00-150.00     130.69                
         20   400-440      420     94.00-150.00     120.58                
         21   450-495      474    106.00-143.00     123.62                
         19   500-545      524    102.00-132.50     118.84                
         14   550-595      573     94.00-128.00     111.70                
          8   600-645      624    110.00-128.00     117.42                
          4   730-745      735    105.00-112.50     107.37                

                    Feeder Heifers Medium and Large 3                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                
          4   210-245      225    131.00-157.50     142.66                
         11   255-295      281    132.50-152.50     142.95                
         11   300-345      319    119.00-147.50     135.23                
         38   350-395      376    112.00-147.50     133.04                
         66   400-445      422    120.00-144.00     132.68                
         62   450-495      474    110.00-143.00     127.46                
         78   500-545      522    115.00-135.00     124.29                
         42   550-595      576    108.00-133.00     119.01                
         43   600-646      624    100.00-126.00     115.37                
         22   650-695      677    100.00-123.00     111.39                
          5   700-738      728    105.00-117.00     110.33

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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