New Holland, PA Fri Jan 04, 2013 USDA- Ag Market News
Lancaster Weekly Cattle Summary for week ending Friday, January 04, 2013
This Week: 2479 1795
Last Week: 1277 1631
Last Year: 2644 1712
This week in Lancaster County slaughter steers sold steady compared to the
prior Holiday shorten week. Demand was very good on a light to moderate
supply of cattle. Fat cattle supplies are tight coming into the New Year and
the market is awaiting a fresh round of calves placed last spring through the
fall. Inventories of cattle on feed across the region are sufficient if not
plentiful, but market ready cattle are in tight supply at the moment. Live
cattle trade across the Midwest has been slow this week as Beef Packers find
themselves up against the ropes after an unexpected post-holiday rally in the
CME Live Cattle board. CME Live Cattle closed out the month of December at
129.90/cwt, which left cattle feeders the option to deliver against the board
up until next week Wednesday. As of this Thursday 528 loads of cattle have
been tendered, with 194 Live and 43 Carcass loads already delivered.
Negotiations for direct trades from the feedlot to the packer are in the
favor of the feed yards, who are asking 130.00/cwt for their cattle knowing
that the CME delivery points are just down the road. Last week's trade
allowed for feeders to catch a price of 127.00/cwt Live. The box beef market
is back on the rise but not nearly at the pace of the fat cattle trade.
Choice cutout values were quoted at 194.91 on Thursday, about a dollar higher
than what it was prior to the Christmas Holiday. The Choice/Select spread
continues to narrow, a common trend this time of year, and was quoted at
11.63/cwt. Packer margins have started the year off deep in the red,
reporting losses over 50.00/hd earlier this week. Cattle feeders are not much
better, but they did receive some relief in the way of cheaper corn. Most
commodities and stocks rallied on Wednesday after congress came to budgetary
agreement concerning the "fiscal cliff," but corn and soybean markets were
taken little by the news, focusing mostly on fundamentals. Slumping exports
and perspectives of a bumper crop out of Brazil have these markets testing
bottom level chart support. There are also concerns that water ways along the
Mississippi River may be shut down to barge traffic due to low water levels
brought on by the drought. This may further disrupt the supply chain of grain
moving down to the gulf for export. As of Thursday CME March Corn closed at
6.8925/bu, and January Soybeans at 14.03/bu. 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 1200-1635 lbs 128.50-133.50.
Choice 2-3 1195-1600 lbs 125.50-129.50. Select 2-3 1050-1500 lbs 120.00-
Slaughter Holsteins: Choice 2-3 1450-1650 lbs 105.50-111.00. Select 2-3
1300-1600 lbs 99.00-105.50.
Slaughter Heifers: High Choice and Prime 3-4 1180-1550 lbs 125.50-129.50.
Choice 2-3 1070-1400 lbs 120.00-126.00. Select 2-3 1085-1245 lbs 112.00-
Percent Lean Avg. Dressing High Dressing Low Dressing
Premium White 65-75 76.00-83.00 83.00-86.50 70.00-75.00
Breakers 75-80 76.00-82.00 82.00-87.50 69.00-75.50
Boners 80-85 74.00-81.50 81.50-86.00 70.00-74.00
Lean 85-90 69.00-76.00 76.00-80.00 62.00-69.00
Monday - Yield Grade 1 965-1985 lbs 112.00-117.00, high dress 119.00-126.00,
low dress 109.00-110.00.
Thursday - Yield Grade 1 1050-2500 lbs average dress 87.00-92.00; high dress
94.50-99.00, few very high dressing bulls 1250-1750 lbs 116.50-121.00; low
Calf Summary: This week in Lancaster County, Holstein Bull calves sold
steady to weak with moderate demand. Heifers traded steady to firm with
moderate demand. The Composite Veal Carcass Values for the Northeast United
States was quoted from 328.00-357.00/cwt this Thursday, with a weighted
average value of 339.37/cwt (Hide-Off). 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 95-125 lbs 105.00-120.00; 80-90 lbs
95.00-100.00. Number 2 95-130 lbs 85.00-100.00; 80-90 lbs 75.00-85.00.
Number 3 80-120 lbs 60.00-80.00. Utility 70-115 lbs 35.00-65.00. Holstein
Heifers: Number 1 90-105 lbs 130.00-140.00. Number 2 75-130 lbs 60.00-
100.00. Utility/Non-Tubing 65-100 lbs 22.00-60.00.
Tuesday- Graded Holstein Bull Calves: Number 1 103-122 lbs 111.00-112.00;
90 lbs 90.00. Number 2 90-112 lbs 107.00-115.00; 83 lbs 70.00. Number 3 95-
96 lbs 65.00-67.00; 75-83 lbs 40.00-50.00. Utility 93-103 lbs 35.00-40.00;
72-82 lbs 27.00-30.00. Graded Holstein Heifers: Number 1 100-110 lbs 195.00-
200.00; 93 lbs 175.00. Number 2 92 lbs 165.00; 85 lbs 110.00.
Thursday- Graded Holstein Bull Calves: Number 1 94-128 lbs 105.00-110.00.
Number 2 88-128 lbs 96.00-105.00; pkg 80-86 lbs 55.00. Number 3 90-130 lbs
75.00-85.00; 72-88 lbs 30.00-50.00. Utility 60-110 lbs 15.00-30.00. Holstein
Heifer Calves Number 1 85-115 lbs 105.00-135.00. Number 2 80-110 lbs 60.00-
95.00. Non-Tubing/Utility: 75-115 lbs 30.00-50.00.
Dairy Report: (Receipts: 319)
Compared to two weeks ago, dairy cows and bred heifers sold weak with
moderate demand. Wednesday's supply included 106 fresh milking cows, 25
short-bred cows, 14 springing cows, 39 short-bred heifers, 87 springing
heifers, 22 open heifers, and 5 bulls. One hundred percent of reported supply
Holsteins unless otherwise noted. All sales sold on a per head basis.
Cull Cows: 650.00-1100.00
Springing Cows: (7-9 months bred)
Bred Cows: (4-6 months bred)
Short Bred Cows: (1-3 months)
Short Bred Heifers: (1-3 months):
Bred Heifers: (4-6 months):
Springing Heifers (7-9 months):
Bulls: Few 1200-1500 lbs 1075.00-1150.00.
Source: USDA Dept of Ag Market News, New Holland-Lancaster County, PA
Levi Geyer, OIC / Cell 717-406-7350
John Stacy, Market Reporter / Office 717-354-2391
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