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Wednesday, Aug. 27, 2014

Tennessee Feeder Cattle Weekly Summary

Saturday, January 26, 2013

Receipts on 12 Auctions: 5,984 12 Last Week: 3,750 12 Last Year: 
8,900

Trends: According to the Federal-State Market News Service, compared to 
last week: Slaughter steady to 2.00 higher. Bulls 1.00 to 2.00 higher.
Steers under 650 lbs steady to 5.00 higher, instances 10.00 higher, over 
650 lbs 3.00 to 5.00 lower. Bulls steady to 5.00 higher.
Heifers steady to 5.00 higher. 
 
Slight improvement in cattle receipts this week as weather faired
and lots dried out slightly. With last weeks rain and light numbers,
comparisons were limited when looking back at previous prices.
Fed cattle market remains depressed as boxed beef cutout values continue
to decline. Cattle futures show little support to live prices as feedlots
remain in loss position. In addition to current losses Livestock 
Marketing Information Center in Denver forecasts breakeven prices for 
February at 143.67cwt.live. Figures for March and April are 142.63 and 
145.87, respectively. Live cattle futures are nowhere near these values 
as February and April have a basic range of 127.00 to 131.00. LMIC also 
indicated that cattle feeding margins have been negative for a historic 
21 months.

This weeks improvement came for grazing type calves as those who
background cattle prepare for the season. Optimism remains the key 
in the livestock industry as many areas of the country are
below normal for precipitation. Limited numbers will keep buyers
feet to the fire if grazing is available. Yearling prices remain
under pressure and will see little improvement until fed cattle 
prices gain considerable ground.        

Slaughter Cows 640 head; Bulls 105 head; Total Feeders 4741 head; Feeder 
supply, Steers and bulls 2729 head; Heifers 2012; Steers and heifers over 
600 lbs 1159; Replacement and/or feeder cows 498 head.


                       Slaughter Cows Breakers 75-80                       
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         54  1215-1595    1415     68.00-78.50       73.48                 
         11  1250-1570    1391     77.00-82.00       78.94 High Dressing   
         18  1205-1575    1386     63.00-75.00       69.40 Low Dressing    
          8  1600-1665    1641     70.00-75.00       72.76                 
          9  1670-1980    1787     66.00-72.50       69.23 Low Dressing    

                        Slaughter Cows Boners 80-85                        
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         72   840-1190    1073     69.00-82.00       74.31                 
         13  1025-1175    1130     76.00-87.50       80.97 High Dressing   
         21   920-1180    1072     60.00-76.00       69.17 Low Dressing    
         70  1200-1775    1409     70.00-81.50       74.95                 
         23  1200-1750    1412     77.50-85.50       80.35 High Dressing   
         35  1210-1790    1404     58.00-75.00       67.92 Low Dressing    

                         Slaughter Cows Lean 85-90                         
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         63   855-1185    1048     63.00-74.00       68.29                 
         33   865-1180     994     54.00-67.00       59.96 Low Dressing    
         13  1200-1515    1298     63.50-72.00       68.53                 
          8  1220-1500    1341     55.00-67.00       63.18 Low Dressing    

                          Slaughter Bulls Y.G. 1                           
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         10  1285-1425    1339     85.00-98.50       91.06                 
          2  1215-1410    1313     97.00-102.50      99.95 High Dressing   
          8  1055-1490    1256     77.00-86.00       82.20 Low Dressing    
         37  1530-2330    1836     83.00-100.00      92.22                 
         12  1585-1920    1715     97.00-104.00      99.65 High Dressing   
         17  1510-2395    1796     75.00-92.50       84.25 Low Dressing    

                    Feeder Steers Medium and Large 1-2                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         25   250-295      274    161.00-215.00     197.67                 
         39   300-345      325    172.50-207.50     188.21                 
         83   350-398      373    157.00-205.00     174.77                 
        111   400-448      421    155.00-189.00     166.80                 
        109   450-498      473    151.50-189.00     163.06                 
        106   500-545      521    138.00-169.00     155.11                 
        112   550-598      575    130.00-160.00     146.70                 
         72   600-645      623    128.00-155.50     140.04                 
         37   650-691      672    125.00-140.00     132.73                 
         70   700-745      722    120.00-136.00     131.65                 
         62     748        748       138.75         138.75 Load            
         30   750-785      766    120.00-135.00     127.10                 
         19   800-842      819    110.00-130.00     125.23                 
         12   850-895      872    116.00-126.00     123.92                 
         16   902-934      916    120.50-125.00     122.95                 

                          Feeder Steers Small 1-2                          
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
          7   260-297      282    150.00-190.00     174.51                 
          5   300-330      321    150.00-170.00     162.35                 
         15   355-395      378    125.00-172.50     157.55                 
          6   410-425      419    129.00-165.00     153.89                 
         13   455-495      475    144.00-167.00     157.18                 
          9   500-535      522    125.00-146.00     132.38                 
          5   555-590      569    131.00-142.00     138.73                 

                     Feeder Steers Medium and Large 3                      
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
          5   205-245      224    142.50-186.00     167.12                 
          5   265-285      275    152.00-185.00     163.71                 
         13   300-345      329    131.00-181.00     158.38                 
         31   350-397      380    135.00-172.50     160.55                 
         27   405-445      427    136.00-165.00     147.97                 
         20   450-495      467    130.00-160.00     142.76                 
         38   500-545      528    120.00-145.00     133.58                 
         18   550-585      568    119.00-149.00     139.41                 
         16   610-645      630    110.00-134.50     123.47                 

                      Feeder Holstein Steers Large 3                       
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
          7   255-295      274    101.00-110.00     106.12                 
          7   305-345      322     95.00-115.00     105.73                 
         17   350-395      374    100.00-116.00     107.97                 
          6   400-415      407    103.00-111.00     108.50                 
          4   450-455      453     91.00-100.00      95.52                 
          2   525-540      533     80.00-87.50       83.70                 
          8   705-713      711     81.00-89.50       87.39                 
          9     785        785        89.50          89.50                 

                     Feeder Bulls Medium and Large 1-2                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         17   350-395      366    142.00-174.00     161.94                 
         73   400-445      428    137.00-177.50     158.93                 
         85   450-495      471    135.00-173.00     155.17                 
        117   500-545      523    123.00-160.00     145.91                 
        105   550-598      577    124.00-157.00     141.96                 
         75   600-645      622    119.00-142.00     131.56                 
         49   650-697      674    110.00-132.50     124.03                 
         33   700-749      723    108.00-127.50     119.20                 
         16   755-795      774    102.00-120.00     111.45                 

                          Feeder Bulls Small 1-2                           
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         18   455-495      481    101.00-160.00     129.85                 
         12   503-545      521    104.00-147.50     125.10                 
          8   550-595      576    110.00-140.00     119.28                 
          5   600-625      617    104.00-122.50     116.07                 

                      Feeder Bulls Medium and Large 3                      
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         24   405-445      429    119.00-167.50     140.76                 
         35   450-496      474    112.00-161.00     145.58                 
         47   500-545      524    113.00-147.50     130.42                 
         29   550-595      572    110.00-146.00     126.51                 
         38   600-645      623    107.00-134.00     119.29                 
         10   655-695      678    116.50-124.00     120.65                 

                    Feeder Heifers Medium and Large 1-2                    
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
          6   200-245      227    154.00-195.00     173.39                 
         29   252-295      273    142.50-190.00     160.75                 
         48   300-345      328    141.00-177.00     154.54                 
         96   350-395      377    133.00-169.00     150.75                 
        126   400-448      427    130.00-157.50     146.90                 
        160   450-495      472    128.00-160.00     144.08                 
        216   500-547      527    124.00-149.00     138.63                 
        129   550-598      575    115.00-144.00     131.02                 
         13   556-597      580    129.00-139.50     134.74 Value Added     
         81   600-645      620    112.00-135.00     126.15                 
         11   620-638      633    133.00-135.00     134.47 Value Added     
         72   650-698      676    115.00-130.00     122.75                 
         11   675-687      684    124.00-132.50     130.21 Value Added     
         45   703-745      715    100.00-126.00     120.47                 
         24   750-785      766    106.00-125.00     117.03                 
         15   800-838      820    109.00-120.50     115.18                 
         11   808-828      819    112.50-119.50     116.36 Value Added     

                         Feeder Heifers Small 1-2                          
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
          6   250-295      281    119.00-164.00     140.69                 
          9   300-340      320    120.00-165.00     140.59                 
         15   350-395      378    106.00-147.50     125.28                 
         18   400-445      418    110.00-142.50     121.99                 
         19   455-495      474    100.00-140.00     118.49                 
          9   500-545      523    107.00-130.00     117.86                 
          8   555-590      575    109.00-122.50     113.53                 

                     Feeder Heifers Medium and Large 3                     
       Head   Wt Range   Avg Wt    Price Range   Avg Price                 
         11   250-295      278    117.50-155.00     139.74                 
         21   300-345      321    120.00-165.00     143.50                 
         30   350-395      373    120.00-150.00     134.24                 
         26   400-445      422    120.00-147.50     131.57                 
         44   450-495      471    112.00-142.50     126.77                 
         33   500-545      523    111.00-140.00     123.58                 
         24   550-595      575    105.00-135.00     118.57                 
         20   600-645      621    101.00-124.00     116.38                 
         14   650-685      673    103.00-120.00     113.62                 


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

1130c lwl