NATIONAL FEEDER

AND STOCKER CATTLE

(Federal-State Market News)

St. Joseph, Mo.

Nov. 4

RECEIPTS

This Week Last Week Last Year

316,200 311,200 299,500

Compared to last week, steers and heifers in the North and South-Central regions sold 1.00 lower to 4.00 higher, while the Southeast region was steady to 2.00 lower.

Demand was moderate to good nationwide as the country is in the heart of the calf run at the present time. Price levels for feeders and calves in the country have rebounded to late August/early September levels. The calf market as most sectors of the cattle industry found pressure this week and trended lower, however condition and heath programs continue to mean everything and those with weaning and shots are still finding some premiums.

The CME Cattle Complex had a tough time getting footing this week as Feeder and Live Cattle futures were mostly 2.50 to 3.25 lower for the week.

The best news for producers this week was much needed rains that fell mid to late week and are expected to continue into the upcoming week. Although there has been some frost the wheat crop and even some grasses like the fescue should still see some benefits as temperatures are still plenty warm enough for some growth.

Perhaps even more importantly though is that stock water supplies will see some replenishment.

Year-to-Date auction receipts on this report are near 350K behind a year ago. The state of South Dakota had the most weekly auction receipts for the last four weeks of this report. That’s a testament to the marketing time of year for that state and coupling that with the amount of drought in the state, leaves a substantial number of calves leaving the state in a short amount of time as ranchers are selling bawlers instead of weaning their calf crop for 45-plus days and selling preconditioned calves in December.

Live sales of negotiated cash fed cattle trade in the South Plains sold steady at 190.00. In Nebraska, live sales sold steady to 2.00 lower at 190.00, while the dressed sales sold steady to 2.00 lower at 296.00 to 298.00.

Choice boxed beef closed the week 5.90 lower at 316.34 while Select was 10.05 lower at 285.03 for the same period. Weekly Cattle Slaughter under federal inspection estimated at 615K, 8K less than last week and 21K less than a year ago.

Auction volume this week included 36% weighing over 600 lbs and 40% heifers.

NORTHWEST WEIGHTED AVERAGE DIRECT FEEDER CATTLE

Weekly Summary WA-OR-ID-UT

Nov. 8

THIS WEEK LAST WEEK LAST YEAR

548 1880 795

Compared to last week: Not enough current FOB trades to establish a trend. Demand good. Supply included: 100% Feeder Cattle (27.7% Steers, 72.3% Heifers). Feeder cattle supply over 600 lbs was 100%. Unless otherwise noted, Feeder Cattle prices FOB based on net weights after a 2% shrink or equivalent, with a 8-14 cent slide >600 lbs. Livestock reported this week originated from ID, OR, WA.

Steers — Large 1

27 head: 700 lbs, 250.00 Current DEL

Steers — Medium and Large 1-2

125 head: 850 lbs, 232.00 Current DEL

Heifers — Medium and Large 1

14 head: 725 lbs; 230.00 Current DEL

120 head: 770 lbs; 226.00 Current DEL

17 head: 800 lbs; 220.00 Current DEL

245 head: 950 lbs; 201.00-206.00 Current DEL

Northwest Direct: https://www.ams.usda.gov/mnreports/AMS_3059.pdf