NATIONAL FEEDER

AND STOCKER CATTLE

(Federal-State Market News)

St. Joseph, Mo.

Nov. 18

RECEIPTS

This Week Last Week Last Year

260,900 258,400 343,800

Compared to last week, Feeder Steers sold 3.00 to 9.00 higher with the exception of 400 lbs steers in the Southeast region selling 15.00 higher.

Feeder Heifers sold 2.00 lower to 6.00 higher. Demand was moderate to good.

Moisture and precipitation over the last couple of weeks have really improved moods.

In Missouri buyers are wanting calves that can go straight out to pasture without having to worry about holding them for a couple of weeks and playing vet dealing with health concerns.

The 2024 Ag Lender Survey Report, which is produced jointly by the American Bankers Association and Farmer Mac, had a few key take-aways that they believe 58% of farmer borrowers will be profitable for 2024, which is down 78% from the previous report. This is a signal of growing concern among lending institutions in the upcoming year for loan deterioration and credit quality.

Live sales of negotiated cash fed cattle trade in the South Plains sold 2.00 lower at 185.00. In Nebraska, live sales sold 1.00 to 2.00 lower at 185.00, while the dressed sales sold 4.00 lower 290.00.

Choice boxed beef closed the week 4.59 lower at 303.34 while Select was 3.05 lower at 276.14 for the same period.

Weekly Cattle Slaughter under federal inspection estimated at 606K, 13K less than last week and 33K less than a year ago.

Auction volume this week included 37% weighing over 600 lbs and 39% heifers.

NORTHWEST WEIGHTED AVERAGE DIRECT FEEDER CATTLE

Weekly Summary WA-OR-ID-UT

Nov. 15

THIS WEEK LAST WEEK LAST YEAR

228 548 629

Compared to last week: Not enough current FOB trades to establish a trend. Demand good. Supply included: 100% Feeder Cattle (61% Steers, 39% 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 OR, UT, WA.

Steers — Medium and Large 1

50 head: 700 lbs, 253.00 Current DEL

Steers — Medium and Large 1-2

17 head: 700 lbs, 243.00 Current DEL

72 head: 875 lbs, 228.00 Current DEL

Heifers — Medium and Large 1

12 head: 600 lbs; 242.00 Current DEL

35 head: 675 lbs; 242.00 Current DEL

42 head: 700 lbs; 232.00 Current DEL

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