Livestock effective Jan. 28, 2021
Livestock report from the Oklahoma City Stockyards:
Oklahoma Weekly Cattle Auction Summary Livestock Weighted Average Report for the week of Jan. 24 through Thursday.
Receipts: 36,646; Last report: 38,458; Last year: 26,528
Compared to last week: Feeder steers $2-$5 lower. Feeder heifers $2-$3 lower. Demand moderate for feeder cattle. Steer calves steady to $2 lower. Heifer calves sold steady to $4 higher. Demand moderate to good for calves. Much of Oklahoma remains in some level of drought with Western Oklahoma and the Panhandle seeing the worst. Snow moved across the state this week, however not really enough to put a dent in that drought. Slaughter rates continue lackluster as slaughter cattle prices move slightly lower. And to add to it Box beef seemed to hit it's ceiling and trended lower on the week. Slaughter cows sold $2-$6 higher. Slaughter bulls $5 higher. Packer demand good and improved as numbers of cows tighten. Supply included: 94% Feeder Cattle (56% Steers, 41% Heifers, 3% Bulls); 5% Slaughter Cattle (88% Cows, 12% Bulls); 2% Replacement Cattle (1% Stock Cows, 75% Bred Cows, 1% Bred Heifers, 24% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 56%.
Steers: Medium and Large No. 1: (weighted average): 330 lbs. $215.56; 376 lbs. $211.26; 428 lbs. $208.19; 476 lbs. $198.90; 528 lbs. $192.36; 574 lbs. $182.71; 625 lbs. $169.90; 676 lbs. $161.94; 729 lbs. $158.59; 775 lbs. $153.41; 827 lbs. $151.66; 870 lbs. $152.55; 919 lbs. $147; 972 lbs. $143.71; 1,003 lbs. $140.50; 1,069 lbs. $135.
Heifers: Medium and Large No. 1: (weighted average): 331 lbs. $178.03; 379 lbs. $175.20; 427 lbs. $171.45; 476 lbs. $167.07; 526 lbs. $160.83; 579 lbs. $156.54; 621 lbs. $151.14; 672 lbs. $147.35; 729 lbs. $146.15; 775 lbs. $144.98; 819 lbs. $142.97; 873 lbs. $139.71; 942 lbs. $133.13; 956 lbs. $135.88; 1,083 lbs. $133.50.
Slaughter Cows: Average dressing Breakers $70-$85(weighted average price $77.81); Boners $64.50-$81(weighted average price $73.26); Lean cows $59.50-$72.50(weighted average price $66.27).
Slaughter Bulls: Average dressing $86-$98.50(weighted average $93.27).
SLAUGHTER CATTLE
Slaughter cattle sold mostly steady to $1 lower. Dressed sales in Nebraska steady. Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled 77,548 head. Last week's total head count was 74,145 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: $136-$137
CATTLE FUTURES
Live Cattle: Feb. $138.70; April $143.10; June $138.00; Aug. $136.92.
Feeder Cattle: March $159.62; April $165.30; May $169.92; Aug. $180.10.
CATTLE SLAUGHTER
Federally Inspected Cattle: 643,000 down 2.0 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 $84.44.
HOG FUTURES
Dressed Basis: (74% yield): Feb. $87.92; April $94.92; May $99.90; June $105.77.
HOG SLAUGHTER
Federally Inspected Hogs: 2.546 million head down 4.3 percent from last year.
SHEEP SLAUGHTER
Federally Inspected Sheep/Lambs: 30,000 head down 16.7 percent from last year.
BOXED BEEF
Estimated Composite Boxed Beef Cutout Values: Friday afternoon Boxed beef cut-out values: $.45 lower from last Friday. Choice 600-900 lbs. $290.42; Select 600-900 lbs. $283.41.
MEAT PRODUCTION
Beef: 540.8 million lbs. down 2.2 percent from a year ago.
Pork: 556.9 million lbs. down 4.2 percent from a year ago.
Lamb: 2.0 million lbs. down 20 percent from a year ago.
CATTLE CARCASS WEIGHTS
National Average: This week estimate: 843 lbs.; Last week estimate 844 lbs.; Last year's actual 846 lbs.
SOURCE: USDA-OKLAHOMA AGRICULTURE DEPARTMENT MARKET NEWS SERVICE
This article originally appeared on Oklahoman: Livestock report from the Oklahoma City Stockyards for Jan. 28, 2021
