AM_LS165 Amarillo, TX Fri Feb 03, 2012 USDA-TX Dept of Ag Market News Texas Weekly Direct Feeder Cattle Summary Feeder Cattle Weighted Average Report for Friday - 02/03/12 Confirmed: 19,700 Last Week: 18,900 Last Year: 13,900 Compared to last week feeder steers and heifers mostly steady to 2.00 higher where comparable sales were noted. The majority of this weeks reported sales consisted of basis trades for future delivery. Approximately 100 percent of this week's cattle weighed over 600 lbs. Approximately 74 percent of this week's weighted average receipts were steers and 26 percent heifers. Prices based on net weights FOB after a 3 percent shrink or equivalent and 5-10 cent slide on calves and 4-6 cent slide on yearlings from base weights. Delivered prices include freight, commissions and other expenses. Current sales are up to 14 days delivery. Steers: 3,300 hd (74 percent) Medium and Large 1 FOB Price 675 lbs 156.10; 700-725 lbs 151.75-153.00; 750- 775 lbs 144.00-152.20; 800-835 lbs 145.00-149.00. Delivered Price 725 lbs 155.00; 750-800 lbs 148.00-153.50; 825 lbs 147.00. Future Delivery Delivered Price 700 lbs 158.00 Mar. Medium and Large 1-2 FOB Price 625 lbs 156.25; 700 lbs 143.45. Heifers: 1,100 hd (26 percent) Medium and Large 1 FOB Price 600-700 lbs 144.25-146.10; 750 lbs 145.00; 800 lbs 140.00. Delivered Price 725 lbs 145.00; 750 lbs 138.00. Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Delivery 140 675 675 156.10 156.10 Current FOB 307 700-725 709 151.75-153.00 152.13 Current FOB 969 750-775 774 144.00-152.20 146.91 Current FOB 296 800-835 813 145.00-149.00 147.19 Current FOB 140 725 725 155.00 155.00 Current Del 972 750-788 754 148.00-153.50 151.42 Current Del 118 825 825 147.00 147.00 Current Del 138 700 700 158.00 158.00 Mar Del Feeder Steers Medium and Large 1-2 Head Wt Range Avg Wt Price Range Avg Price Delivery 80 625 625 156.25 156.25 Current FOB 70 700 700 143.45 143.45 Current FOB Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Delivery 190 625 625 144.25 144.25 Current FOB 334 650-675 660 145.00-146.10 145.47 Current FOB 135 750 750 145.00 145.00 Current FOB 277 800 800 140.00 140.00 Current FOB 80 725 725 145.00 145.00 Current Del 130 750 750 138.00 138.00 Current Del Basis Trades 15,300 hd Steers: Delivered Price 750 lbs 2.00 under Mar CME for Mar delivery; 800 lbs 2.00-2.50 under Mar for Jan-Mar delivery; 750 lbs 1.00 over Mar-May delivery; 750 lbs 1.00 under Apr; 800 lbs 2.00-2.50 under Apr; 825 lbs 3.00 under Apr; 750 lbs 1.00 under May; 800 lbs 1.75-2.50 under May. Heifers: Delivered Price 775 lbs 10.00 under Apr CME; 725 lbs 5.00 under May; 775 lbs 10.00 under May. Source: USDA-TX Dept of Ag Market News Service, Amarillo, TX 806/372-6361 - amarillo.lgmn@ams.usda.gov USDA-TX 24 hour price information 806-372-3494 www.ams.usda.gov/mnreports/AM_LS165.txt www.ams.usda.gov/lsmarketnews 1300c tmn