New Holland, PA Fri May 04, 2012 USDA-PA Dept of Ag Market News
Lancaster Co. Weekly Cattle Summary for week ending Friday, May 04,
This Week: 2093 980
Last Week: 2674 1165
Last Year: 2824 1227
This week in Lancaster County, slaughter steers traded 1.00-2.00 lower
in the early part of the week and losses stretched up to 5.00 lower later in
the week. Demand was light throughout the week, but especially light on
Thursday. Cows this week sold uneven as they were steady on Monday dipped to
3.00 lower on Tuesday, but were 2.00-3.00 higher on Thursday. There continues
to be a shortage of fleshy dairy type cows in the sale barns as record high
cow prices of late have seemed to eliminate any reason to keep them around.
Coinciding with the lower live cattle prices beef prices fell on Thursday
with the Choice cutout closing at 190.96/cwt on Thursday with the
Choice/Select spread at 4.06/cwt. Despite Thursdays drop, recent news has
been positive for the packers that have been reeling from what has been one
of the toughest stretches of bad business in recent memory. From the
devastating droughts, to the LFTB uproar, and the BSE scare they are finally
back in the black. The combination of lower cash cattle prices, along with
seasonal demand increases due to the start of grilling season have been a
welcome blend for packers that last recorded positive margins in September
2011. On the grain side of things, last week's corn sales report came out
Thursday and the total sales have been described as "jaw-dropping" by many
analysts, as we surpassed a 20 year high in terms of total sales. Totals from
last week's sales were reported at 136.7 million bushels of corn, with China
dominating the bid sheets. Soybeans sales were not disappointing either as
they came in at 63.7 million bushels which was well above previous estimates.
Moreover, 22 million of those bushels were old crop bookings, which is rare
this late in the season. This report coincides with the Kansas wheat tour
that is taking place this week. The Kansas wheat tour is a three day tour of
Kansas wheat fields in which experts from a variety of industries and
countries gather together and examine wheat crops all across the state. Their
findings have ranged from very good in the central part of the state, to very
bad in the southwest; overall though it appears that Kansas should have an
above average year for their wheat crop. The same can be said for Oklahoma.
Timely rains and the nutrients provided from last years failed crops have
provided ample growth potential, and without any major weather damage,
Oklahoma should have one of the best wheat crops in years.
All cattle markets are priced per cwt with exception of dairy cattle
purchased on a per head basis.
For detailed cattle quotations refer to web addresses:
http://www.ams.usda.gov/mnreports/LN_LS140.txt (New Holland Monday)
http://www.ams.usda.gov/mnreports/LN_LS142.txt (New Holland Thursday)
http://www.ams.usda.gov/mnreports/LN_LS146.txt (Vintage Monday)
http://www.ams.usda.gov/mnreports/LN_LS141.txt (Vintage Tuesday)
Slaughter Steers: High Choice and Prime 3-4 1185-1690 lbs 118.00-122.00,
few fancy up to 125.00. Choice 2-3 1105-1580 lbs 115.00-119.00, full 110.00-
114.00. Select 2-3 1075-1350 lbs 112.00-115.00.
Slaughter Holsteins: High Choice and Prime 2-3 1295-1690 lbs 106.00-
107.50. Choice 2-3 1295-1675 lbs 102.00-106.00.
Slaughter Heifers: High Choice and Prime 3-4 1270-1450 lbs 115.50-
118.50. Choice 2-3 1180-1525 lbs 112.00-116.00. Select 2-3 1060-1315 lbs
Slaughter Steers: High Choice and Prime 3-4 1230-1593 lbs 117.00-120.00,
full/Yg 5 114.50-117.00. Choice 2-3 1155-1573 lbs 113.00-117.00. Select 1-3
1175-1505 lbs 112.00-115.00.
Holstein Steers: High Choice and Prime 2-4 1155-1590 lbs 102.00-106.25.
Choice 2-3 1225-1445 lbs 97.00-102.00. Select 2-3 1270-1388 lbs 92.00-
Slaughter Heifers: High Choice and Prime 2-4 1120-1500 lbs 113.00-
116.00. Choice 2-3 1065-1260 lbs 105.00-106.00.
Percent Lean Avg. Dressing High Dressing Low
Premium White 65-75 85.00-93.00 ----------- 80.00-83.50
Breakers 75-80 82.00-87.50 87.00-91.00 74.50-83.00
Boners 80-85 80.00-87.00 86.00-92.00 73.00-78.00
Lean 85-90 74.00-80.00 82.00-86.00 66.00-73.00
Monday: Slaughter Bulls: Yield Grade 1 840-1840 lbs 95.00-101.00, high dress
102.00-107.00, very high dress 116.00-120.00, low dress 87.00-92.00.
Thursday: Slaughter Bulls: Yield Grade 1 1055-1560 lbs 95.50-101.50, low
dress 89.00-92.00, high dress 102.50-106.50.
Calf Summary: This week in Lancaster County, Holstein Bull calves
sold mixed as they were 30.00 lower on Monday, steady to 20.00 higher on
Tuesday, and 15.00-20.00 higher for Thursday. Heifers traded very firm with
good demand. This week`s composite veal carcass values for the Northeast
United States were quoted from 355.00-384.00 (Hide-off), with a weighted
average of 370.97. All prices per cwt. For detailed veal market information
refer to the link below:
http://www.ams.usda.gov/mnreports/lswveal.pdf (National Veal Summary)
Monday- Holstein Bull Calves: Number 1 95-115 lbs 210.00-230.00; 80-90 lbs
220.00-240.00. Number 2 80-125 lbs 185.00-210.00. Number 3 80-110 lbs
120.00-160.00. Utility 75-80 lbs 50.00-70.00.
Holstein Heifers: Number 2 65-85 lbs 100.00-140.00.
Tuesday- Graded Holstein Bull Calves: Number 1 pkg 122 lbs 222.00; 90-113
lbs 240.00-260.00. Number 2 102-115 lbs 240.00-253.00; 95-102 lbs 266.00-
273.00; 83-90 lbs 245.00-247.00. Number 3 83-108 lbs 200.00-227.00, pkg 74
lbs 192.00. Utility 73-105 lbs 20.00-80.00.
Graded Holstein Heifers: Number 1 94-103 lbs 310.00-320.00; pkg 84 lbs
200.00. Number 2 pkg 94 lbs 285.00; pkg 83 lbs 165.00; pkg 73 lbs 70.00.
Non-tubing 73-98 lbs 50.00-70.00.
Thursday- Graded Bull Calves: Number 1 94-128 lbs 260.00-279.00; 86-92 lbs
220.00-225.00. Number 2 94-128 lbs 255.00-272.00; 80-92 lbs 241.00-251.00.
Number 3 80-130 lbs 220.00-230.00; 72-78 lbs 100.00. Utility 60-110 lbs
Holstein Heifer Calves: Number 1 90-110 lbs 220.00-260.00. Number 2 75-
115 lbs 100.00-180.00.
Dairy Report: (Receipts: 259)
When compared to last Wednesday's sale, all classes of cows and heifers
sold firm with good demand. Wednesday's supply included 78 fresh milking
cows, 12 short-bred cows, 14 springing cows, 41 short-bred heifers, 46
springing heifers, 43 open heifers, and 23 bulls. One hundred percent of
reported supply Holsteins unless otherwise noted. All sales sold on a per
Springing Cows (7-9 months):
Short Bred Heifers (1-3 months): Cross Bred:
Medium: 1075.00-1250.00 1100.00-1225.00
Common: 900.00-1075.00 875.00-1025.00
Springing Heifers (7-9 months):
Bulls: 300-600 lbs 475.00-700.00; 600-900 lbs 775.00-925.00; 900-1200 lbs
Source: USDA Dept of Ag Market News, New Holland-Lancaster County, PA
Levi Geyer, OIC / Cell 202-744-6499
Josh Hasty, Market Reporters/Office 717-354-2391
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