AM_LS169 Amarillo, TX Tue Jan 31, 2012 USDA-TX Dept of Ag Market News Superior Video Auction Recap Fri Jan 27, 2012 Offerings: 27,500 Compared to the last sale: Feeder steers and heifers over 700 lbs sold 2.00- 5.00 higher and under 700 lbs 5.00-12.00 higher in a very active trade. Increased optimism and recent rallies in the deferred months for CME Live Cattle and Feeder Cattle supported the feeder cattle price increases despite the rising corn prices. Cost of gains and break even prices continue to escalate for feedlots. Feedlots are facing the fact that grow yard cattle are almost the only available option for yearling type cattle in the near term, since wheat pastures got off to a slow start last fall. However wheat pastures in many areas have improved in recent weeks along with oat and rye pastures in South Texas and the Gulf states supporting prices for lighter weight offerings. Stocking rates for fall planted crops were really subdued last fall but have been improving as moisture has become available. Several areas in the dry Western regions of the wheat pasture areas have been supporting larger numbers of bred cows instead of stocker calves as cow calf operators fight to survive the ongoing drought. PREVIOUS SALE COMPARISONS/OVERVIEW The SOUTH CENTRAL REGION approx. 71 percent of the receipts. Current Sale Previous Sale Steers Medium and Large 1 400-500 lbs 350 hd 426 lbs 213.69 433 hd 444 lbs 207.26 Winter 500-600 lbs 1408 hd 547 lbs 182.99 503 hd 560 lbs 170.26 Current 700-800 lbs 437 hd 776 lbs 152.95 555 hd 737 lbs 149.19 Current 800-900 lbs 1082 hd 818 lbs 147.84 2018 hd 835 lbs 145.12 Winter Steers Medium and Large 1-2 500-600 lbs 336 hd 556 lbs 177.92 529 hd 550 lbs 165.49 Current 700-800 lbs 319 hd 769 lbs 148.71 454 hd 751 lbs 146.09 Current 800-900 lbs 320 hd 825 lbs 146.77 237 hd 812 lbs 142.75 Winter Heifer Medium and Large 1-2 700-800 lbs 395 hd 745 lbs 138.76 539 hd 736 lbs 137.82 Current Supply includes 58 percent feeder steers and heifers over 600 lbs, 57 percent of the feeder supply was steers and 43 percent heifers. Price Quotes and trend analysis are for Medium and Large 1 and/or 1-2 offerings sold in full loads which represent the bulk of the receipts for each individual region. Please refer to the complete report AM_LS753 for other grades, delivery periods, part loads, comments, and special conditions etc. All prices and weights are weighted averages of sales that occurred in that weight group, the weights in parenthesis are the actual weighted average. Prices for the 600-700 lbs weights are for calves in most cases this time of the year. Prices FOB based on net weights after a 2-3 percent pencil shrink or equivalent, with a 3-6 cent slide on yearlings and 4- 10 on calves. Current sales are up to 14 days and Winter deliveries January thru March. Deliveries are current thru April 2012. REGIONAL COMPARISONS: SOUTHCENTRAL STATES: (Texas, Oklahoma, New Mexico, Kansas and Missouri) Feeder steers and heifers over 700 lbs were 2.00-5.00 higher and under 700 lbs 5.00-12.00 higher. Recent rains in parts of the wheat pasture areas helped push prices much higher for lighter weight offerings. The SOUTH CENTRAL REGION approx. 71 percent of the receipts. Current Sale Previous Sale Steers Medium and Large 1 400-500 lbs 350 hd 426 lbs 213.69 433 hd 444 lbs 207.26 Winter 500-600 lbs 1408 hd 547 lbs 182.99 503 hd 560 lbs 170.26 Current 700-800 lbs 437 hd 776 lbs 152.95 555 hd 737 lbs 149.19 Current 800-900 lbs 1082 hd 818 lbs 147.84 2018 hd 835 lbs 145.12 Winter Steers Medium and Large 1-2 500-600 lbs 336 hd 556 lbs 177.92 529 hd 550 lbs 165.49 Current 700-800 lbs 319 hd 769 lbs 148.71 454 hd 751 lbs 146.09 Current 800-900 lbs 320 hd 825 lbs 146.77 237 hd 812 lbs 142.75 Winter Heifer Medium and Large 1-2 700-800 lbs 395 hd 745 lbs 138.76 539 hd 736 lbs 137.82 Current Steers: Medium and Large 1 Current Delivery 400-500 lbs 100 hd (400 lbs) 200.00; 500-600 lbs 1408 hd (547 lbs) 182.99; 600-700 lbs 316 hd (646 lbs) 160.84; 700-800 lbs 437 hd (776 lbs) 152.95; 800-900 lbs 421 hd (835 lbs) 146.83. Winter Contracts 400-500 lbs 350 hd (426 lbs) 213.69; 500-600 lbs 255 hd (575 lbs) 183.67; 700-800 lbs 265 hd (746 lbs) 151.35; 800-900 lbs 1082 hd (818 lbs) 147.84. Medium and Large 1-2 Current Delivery 400-500 lbs 110 hd (450 lbs) 195.00; 500-600 lbs 336 hd (556 lbs) 177.92; 600-700 lbs 150 hd (650 lbs) 153.00; 700- 800 lbs 319 hd (769 lbs) 148.71; 800-900 lbs 60 hd (800 lbs) 146.00. Winter contracts 400-500 lbs 213 hd (467 lbs) 199.50; 500-600 lbs 756 hd (504 lbs) 194.79; 600-700 lbs 240 hd (616 lbs) 170.56; 700-800 lbs 139 hd (700 lbs) 152.74; 800-900 lbs 320 hd (825 lbs) 146.77. Heifers: Medium and Large 1 Current Delivery 400-500 lbs 290 hd (487 lbs) 167.32; 500-600 lbs 445 hd (550 lbs) 163.50; 600-700 lbs 240 hd (608 lbs) 159.95. Winter contracts 400-500 lbs 250 hd (400 lbs) 201.00; 500-600 lbs 172 hd (561 lbs) 157.79; 600-700 lbs 475 hd (663 lbs) 151.92; 700-800 lbs 669 hd (752 lbs) 142.54. Medium and Large 1-2 Current Delivery 500-600 lbs 755 hd (529 lbs) 159.76; 600-700 lbs 290 hd (635 lbs) 146.95; 700-800 lbs 395 hd (745 lbs) 138.76. Winter contracts 400-500 lbs 112 hd (430 lbs) 174.00; 500-600 lbs 278 hd (500 lbs) 159.59; 600-700 lbs 159 hd (612 lbs) 149.49; 700-800 lbs 202 hd (723 lbs) 144.38; 800-900 lbs 60 hd (800 lbs) 139.50. NORTHCENTRAL STATES: (Colorado, Wyoming, Nebraska, Montana, North and South Dakota, and Iowa) Compared to the last sale: Feeder steers and heifers had limited comparable sales and not enough for an accurate comparison, but a higher undertone was noted. NORTH CENTRAL REGION approx. 09 percent of the receipts. Steers: Medium and Large 1 Current Delivery 600-700 lbs 77 hd (670 lbs) 155.00; 700-800 lbs 78 hd (760 lbs) 152.50; 800-900 lbs 80 hd (850 lbs) 141.00. Winter Contracts 500-600 lbs 108 hd (575 lbs) 192.00; 600-700 lbs 80 hd (660 lbs) 176.00; 700-800 lbs 200 hd (750 lbs) 158.50; 800-900 lbs 118 hd (810 lbs) 145.97. Heifers: Medium and Large 1 Current Delivery 500-600 lbs 223 hd (538 lbs) 182.65; 600-700 lbs 90 hd (620 lbs) 154.00; 700-800 lbs 82 hd (750 lbs) 146.00; 800-900 lbs 60 hd (800 lbs) 139.00. Winter Contracts 500-600 lbs 104 hd (500 lbs) 185.00; 600-700 lbs 90 hd (675 lbs) 163.00; 700-800 lbs 206 hd (732 lbs) 141.16; 800-900 lbs 180 hd (833 lbs) 142.42. EASTERN STATES: (All states east of the Mississippi including Louisiana and Arkansas) Compared to the last sale: Feeder steers and heifers on a light test 2.00- 6.00 higher on limited comparable sales. The EASTERN STATES had approx. 14 Percent of the total cattle in the sale. Steers: Medium and Large 1-2 Current Delivery 500-600 lbs 175 hd (554 lbs) 162.48; 600-700 lbs 296 hd (675 lbs) 142.00; 700-800 lbs 67 hd (730 lbs) 151.50; 800-900 lbs 419 hd (814 lbs) 141.77. Winter Contracts 600-700 lbs 78 hd (625 lbs) 148.50; 800-900 lbs 239 hd (806 lbs) 146.37. Heifers: Medium and Large 1-2 Current Delivery 400-500 lbs 114 hd (420 lbs) 184.00; 500-600 lbs 83 hd (575 lbs) 151.00; 600-700 lbs 318 hd (617 lbs) 134.88; 700-800 lbs 276 hd (716 lbs) 136.28. Winter Contracts 700-800 lbs 329 hd (734 lbs) 140.36. WESTERN STATES: (Arizona, Nevada, Utah, California, Idaho, Washington, and Oregon) Compared to the last sale: Feeder steers and heifers not enough comparable sales for an accurate test, but a higher undertone noted. The WESTERN REGION approx. 06 percent of the receipts. Steers: Medium and Large 1 Current Delivery 400-500 lbs 102 hd (470 lbs) 182.00; 500-600 lbs 264 hd (524 lbs) 189.27; 700-800 lbs 65 hd (730 lbs) 155.00; 800-900 lbs 210 hd (850 lbs) 141.50. Heifers: Medium and Large 1 Current Delivery 400-500 lbs 281 hd (460 lbs) 178.25. **************************************************************************** REPLACEMENT CATTLE 1100 head: All replacement cattle deliveries current through February, 2012. Replacement Heifers Medium and Large 1 North Central 700 lbs 990.00 per head. Bred Heifers Medium and Large 1 North Central 1000 lbs bred 6-7 months 1500.00-1750.00 per head. West: 1050 lbs bred 7-8 months 1410.00 per head. head. Bred Cows Medium and Large 1 North Central: young 1000-1150 lbs bred 6-7 months 1475.00-1735.00 per head. West: young 1200 lbs bred 7-8 months 1500.00 per head. North Central: Middle aged 1225-1350 lbs bred 6-7 months 1250.00-1675.00 per head; Aged 1200-1250 lbs bred 6-7 months 1075.00-1200.00 per head. Cow/Calf Pairs: Medium and Large 1: South Central: young to middle aged 1200- 1300 lb cows with 200-300 lb calves at side 1735.00 per pair. Consignment mixed bred heifers and young cow/calf pairs 1000 lbs heifers bred to Black Corriente bulls and young 1000 lbs cows with 100-150 lb calves sired by Black Corriente bulls 1200.00 per pair and per head. 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 or 800-252-3407 www.ams.usda.gov/mnreports/AM_LS169.txt www.ams.usda.gov/lsmarketnews 1100c efc