Livestock report from the Oklahoma City Stockyards:
Oklahoma Weekly Cattle Auction Summary Livestock Weighted Average Report for the week of Jan. 9 through Thursday.
Receipts: 47,57, Last report: 30,292; Last year: 42,801
Compared to last week: Feeder steers steady to $3 lower, except 600-700 lbs. up to $6 higher. Feeder heifers steady to $2 higher. Demand moderate for feeder cattle. Slaughter cattle sold cheaper this week and numbers were fairly light. Beef prices, on the other hand are moving higher as slaughter rates are lower verses a year ago. Steer calves sold $3-$10 higher. Heifer calves $2-$5 higher. Demand very good for calves despite the very dry conditions across the state and large numbers of calves coming to market. Calf market is being fueled by higher feeder futures in late summer and fall. Slaughter cows sold firm to $2 higher. Slaughter bulls $3 higher. Packer demand moderate. Several higher quality bred cows and pairs available at auctions this week due to the dry conditions and these sold to very good demand. Supply included: 93% Feeder Cattle (54% Steers, 0% Dairy Steers, 43% Heifers, 3% Bulls); 5% Slaughter Cattle (88% Cows, 12% Bulls); 2% Replacement Cattle (91% Bred Cows, 9% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 52%.
Steers: Medium and Large No. 1: (weighted average): 243 lbs. $237.50; 296 lbs. $220.60; 332 lbs. $216.38; 377 lbs. $216.02; 425 lbs. $207.64; 473 lbs. $203.31; 526 lbs. $191.85; 574 lbs. $178.25; 621 lbs. $170.06; 673 lbs. $162.86; 721 lbs. $160.15; 776 lbs. $157.33; 828 lbs. $158.07; 867 lbs. $154.40; 919 lbs. $149.52; 966 lbs. $148.82; 1017 lbs. $141.19; 1,070 lbs. $139.98; 1,157 lbs. $140.50.
Heifers: Medium and Large No. 1: (weighted average): 282 lbs. $185.78; 330 lbs. $169.68; 380 lbs. $171.20; 425 lbs. $167.88; 475 lbs. $163.91; 522 lbs. $158.18; 578 lbs. $153.28; 625 lbs. $150.93; 669 lbs. $149.77; 723 lbs. $147.64; 772 lbs. $148.31; 828 lbs. $143.26; 866 lbs. $144.71; 913 lbs. $139.53; 966 lbs. $136.88; 1,044 lbs. $131.
Slaughter Cows: Average dressing Breakers $60-$74.50(weighted average price $68.41); Boners $57-$78(weighted average price $63.97); Lean cows $52-$71(weighted average price $59.91). Slaughter bulls Average dressing $79-$99(weighted average $86.91).
SLAUGHTER CATTLE
Slaughter cattle traded steady to $2 lower in Texas and Kansas. In Nebraska, live cattle $1-$3 lower and dressed sales $2 lower. Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled 59,263 head. Last week’s total head count was 47,962 head.
Midwest Direct Markets: Nebraska
Live Basis: Steers and Heifers: $137
Dressed Basis: Steers and Heifers: $218
South Plains Direct Markets: Kansas and Texas
Live Basis: Steers and Heifers: $135-$136
CATTLE FUTURES
Live Cattle: Feb. $137.98; April $142.13; June $137.63; Aug. $136.95.
Feeder Cattle: Jan. $162.70; March $166.38; April $170.35; May $172.73.
CATTLE SLAUGHTER
Federally Inspected Cattle: 621,000 down 4.8 percent from a year ago. year.
WESTERN CORNBELT DIRECT LEAN HOG BASE PRICE
The weighted average price of packers bids on a carcass basis Friday was $72.34.
HOG FUTURES
Dressed Basis: (74% yield): Feb. $80.90; April $88.45; May $93.65; June $99.90.
HOG SLAUGHTER
Federally Inspected Hogs: 2.407 million head down 9.0 percent from last year.
SHEEP SLAUGHTER
Federally Inspected Sheep/Lambs: 33,000 head down 8.3 percent from last year.
BOXED BEEF
Estimated Composite Boxed Beef Cutout Values: Friday afternoon Boxed beef cut-out values: $12.68 higher from last Friday. Choice 600-900 lbs. $284.31; Select 600-900 lbs. $273.97.
MEAT PRODUCTION
Beef: 521.9 million lbs. down 5.2 percent from a year ago.
Pork: 522.3 million lbs. down 10.4 percent from a year ago.
Lamb: 2.1 million lbs. down 12.5 percent from a year ago.
CATTLE CARCASS WEIGHTS
National Average: This week estimate: 843 lbs.; Last week estimate 841 lbs.; Last year’s actual 847 lbs.
SOURCE: USDA-OKLAHOMA AGRICULTURE DEPARTMENT MARKET NEWS SERVICE
Read More: Livestock report from the Oklahoma City Stockyards for Jan. 15, 2021