New Holland, PA Fri Feb 08, 2013 USDA- Ag Market News
Lancaster Weekly Cattle Summary for week ending Friday, February 08, 2013
This Week: 2525 1779
Last Week: 2117 1800
Last Year: 3332 1679
This week in Lancaster County, slaughter steers sold steady to firm with
moderate demand. Supplies were light this week, which helped advance prices.
Currently live steer prices in the region are completely out of sync with
steer cutout values. Live steer prices are reflecting an approximate
205.00/cwt carcass value on average. Box beef values continue to slide and
were quoted at 183.46/cwt this Thursday. The math is quite simple and hide
and offal values are not nearly enough to fill in the gap. On the plus side
packer margins for slaughter cows are not nearly as grim. It's no doubt that
Pennsylvania cull cow prices continue to advance. Cow prices were up again
this week, but with the cow cutout at 165.75/cwt and 90% lean boneless at
212.74, cow packs are able to maintain a profit margin. Demand for cow beef
and hamburger has been very good and is expected to remain that way for the
foreseeable future. Consumers remain conservative with their limited
discretionary income and continue to opt for the cheaper beef items. In
addition cow supplies remain tight in the south and throughout the Midwest
due to drought reduction and the incentive for herd rebuilding. As spring
approaches and grass pastures begin to green at lower latitudes we can expect
to see fewer beef-type cows going to slaughter until preg-checking in the
fall. Bottom line, cow prices are expected to stay bullish and prices are
likely to increase with onset of grilling season. USDA Cattle inventory
report released late last week confirmed a shrinking cattle herd, as Jauary
1st inventories declared a 1.6% decline in the US cow herd, which is now
estimated at 89.3 million head. The largest reduction was seen in beef cow
inventories, which were negatively influenced by the drought. Currently the
cow herd (not total inventory), both dairy and beef are at its lowest level
since year 1949. The industry is eager to expand the herd, but only if
weather permits. Cow-calf margins are quite attractive, but only if the
producers in a situation where he or she does not have to purchase a large
volume of feed. As for additional agricultural news, corn prices turned
negative towards the end of the week as CME March Corn declined 11.75
cents/bu on Thursday to close at 7.1075/bu. Disappointing exports and updates
that South America continues to revise their record harvest even higher has
placed some weakness back in the grains. This is not to say the grain market
is weak, it just cooled off slightly. 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 1250-1605 lbs 128.00-134.00.
Choice 2-3 1270-1570 lbs 125.50-129.50. Select 2-3 1250-1650 lbs 117.00-
Slaughter Holsteins: High Choice and Prime 3-4 1400-1515 lbs 109.50-
113.50. Choice 2-3 1340-1650 lbs 106.00-110.50. Select 2-3 1290-1600 lbs
Slaughter Heifers: High Choice and Prime 3-4 1270-1455 lbs 128.00-131.50.
Choice 2-3 1120-1400 lbs 121.00-126.00. Select 2-3 115.00-119.50
Percent Lean Avg. Dressing High Dressing Low Dressing
Premium White 65-75 79.00-83.00 83.00-86.00 72.00-76.00
Breakers 75-80 76.00-80.50 81.00-83.50 69.50-75.50
Boners 80-85 73.00-80.00 80.00-85.00 64.00-73.00
Lean 85-90 71.00-76.50 76.50-82.00 61.00-71.00
Slaughter Bulls: Yield Grade 1 950-2150 lbs 91.00-98.00, high dress
99.00-110.00, very high dress 119.00-122.00, low dress 83.00-91.00.
Calf Summary: This week in Lancaster County, Holstein Bull calves sold
mostly steady with some firmness noted on Tuesday. Heifers sold unevenly
steady with light demand. The Composite Veal Carcass Values for the Northeast
United States was quoted from 329.50-371.00/cwt this Thursday, with a
weighted average value of 335.18/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 85-130 lbs 135.00-150.00. Number 2
80-120 lbs 120.00-135.00. Number 3 80-120 lbs 90.00-115.00. Utility 75-120
lbs 55.00-70.00. Holstein Heifers: Number 1 80-120 lbs 100.00-120.00.
Number 2 80-105 lbs 80.00-100.00. Jersey/Crossbreds 70-100 lbs 62.00-75.00.
Utility/Non-Tubing 70-95 lbs 50.00-70.00; 60-70 lbs 30.00-40.00.
Tuesday- Graded Holstein Bull Calves: Number 1 122 lbs 120.00; 111-113 lbs
138.00-139.00; 90-103 lbs 145.00-155.00. Number 2 112-113 lbs 138.00-140.00;
84-102 lbs 145.00-152.00. Number 3 108 lbs 115.00-122.00; 83-96 lbs 137.00-
143.00; 73 lbs 40.00. Utility 90-104 lbs 40.00-42.00; 65-81 lbs 22.00-35.00.
Graded Holstein Heifers: Number 1 92-110 lbs 100.00-105.00; 83 lbs 75.00.
Number 2 92 lbs 95.00; 74-83 lbs 50.00-75.00. Utility and Non-tubing 83 lbs
50.00; 63-70 lbs 17.00-30.00.
Thursday- Graded Bull Calves: Number 1 120-128 lbs 136.00; 86-118 lbs 143.00-
149.00. Number 2 94-128 lbs 126.00-131.00; 80-92 lbs 137.00-147.00. Number 3
90-130 lbs 116.00-128.00; 80-88 lbs 133.00-139.00; 72-78 lbs 50.00. Utility
90-110 lbs 35.00-40.00; 60-88 lbs 22.00-30.00. Holstein Heifer Calves: 85-100
lbs 100.00-125.00. Number 2 75-105 lbs 60.00-80.00. Utility/Non tubing 75-85
lbs 30.00-50.00; 55-70 lbs 20.00-30.00.
Dairy Report: (Receipts: 206)
Compared to last week, dairy cows sold firm with moderate demand. Bred
heifers sold firm with moderate demand. All classes in light supply.
Wednesday's supply included 93 fresh milking cows, 11 short-bred cows, 9
springing cows, 13 short-bred heifers, 59 springing heifers, 16 open heifers,
and 2 bulls. One hundred percent of reported supply Holsteins unless
otherwise noted. All sales sold on a per head basis.
Cull Cows: 600.00-1150.00
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):
Supreme: 1400.00-1550.00; fancy individual 1850.00
Bulls: 900-1200 lbs 900.00-1050.00.
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
Lancaster, PA County Weekly Cattle Summary