New Holland, PA Fri Feb 15, 2013 USDA- Ag Market News
Lancaster Weekly Cattle Summary for week ending Friday, February 15, 2013
This Week: 2828 1692
Last Week: 2525 1779
Last Year: 2654 1771
This week in Lancaster County, slaughter steers traded 1.00-2.00 lower
with light demand. Supplies were light this week. After holding firm for
three weeks, our local markets have finally succumbed to a lower cash trade
across the major feeding regions of the Midwest. Cattle buyers have shown
little interest in purchasing any additional cattle for the week than what
was needed. As for the Midwest, a moderate trade was reported on Thursday at
123.00/cwt Live, 1.00-2.00 lower than last week's trade. Despite feedlots
offering 19,000 less head on the Show List, beef processors came into the
week well bought from last week's trade and were able to negotiate a lower
trade. For such a bullish outlook for 2013, the cattle market is off to a
slow start. The supply factor is no doubt "bullish," but beef values have out
priced the consumer's palate. As a result, consumers have either ate less
beef, transitioned to cheaper beef options or opted for less expensive
alternatives i.e. pork and poultry. There are growing pains associated with
higher prices, and until elevated beef values settle in as a norm, demand
will suffer. On the plus side, boxed beef values have stalled their descent
and have managed to recover some value this week. Choice cutout values hit
their lowest point of the year last Friday at 182.12/cwt, and has since
gained 1.41/cwt to close at 183.53/cwt as of Thursday. The Choice/Select
spread remains narrow at 3.93/cwt. Cattle futures continue to decline as
futures are pulled down to the reality of the cash trade. CME April Live
Cattle futures closed at 129.775/cwt on Thursday, 0.35/cwt lower than last
Friday`s close. March Feeder cattle contracts declined 1.975/cwt since last
Friday to Thursday's close of 146.225/cwt. CME corn also followed suite,
breaking below the 7.00/bu mark and closing at 6.9575/bu on Thursday. Thus
far corn prices have rationed usage and slowed exports, but the weakness in
the market is weighing in on the prospects of a potential record crop this
year on top of a very large outlook for the South American harvest. The
potential for New Crop Corn in the mid $5.00/bu range (as indicated by CME
futures) and significantly lower beef production, has feeders expressing some
long-term optimism. This optimism is reflective in the Feeder Cattle markets
across the nation. Heavier feeders, weighing over 600 lbs, have seen a
reduction in demand and price. On the other hand, light weight calves have
advance with good demand and intentions to grass these cattle with the hopes
of cheaper corn around harvest. Locally, a few attractive sets of 300-500 lb
calves traded up to 176.00/cwt at Vintage Livestock Auction in Paradise, PA.
Similar weight calves advanced over 200.00/cwt in Virginia. Auctions at lower
latitudes of the southern Midwest, with earlier spring green-ups, witness
300-400 lbs calves trading well over 220.00/cwt. 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 1250-1650 lbs 126.50-132.00.
Choice 2-3 1375-1595 lbs 122.00-128.00. Select 2-3 117.00-125.00
Slaughter Holsteins: High Choice and Prime 3-4 1425-1715 lbs 107.00-
110.50. Choice 2-3 1505-1650 lbs 103.00-108.50. Select 2-3 1400-1600 lbs
Slaughter Heifers: High Choice and Prime 3-4 1350-1450 lbs 124.00-124.50.
Choice 2-3 1115-1455 lbs 119.00-123.50. Select 2-3 1100-1350 lbs 115.00-
Percent Lean Avg. Dressing High Dressing Low Dressing
Premium White 65-75 76.00-80.00 81.00-84.50 72.00-76.00
Breakers 75-80 74.00-80.00 81.00-84.00 69.00-74.00
Boners 80-85 73.00-79.50 80.00-82.50 68.00-73.00
Lean 85-90 71.00-76.00 76.00-81.00 63.00-70.50
Slaughter Bulls: Yield Grade 1 905-1850 lbs 92.00-98.00, high dress
105.00-106.00, low dress 82.00-89.00.
Calf Summary: This week in Lancaster County, Holstein Bull calves continued
their rally trading 10.00-20.00 higher with very good demand from both veal
producers as well as dairy beef producers. Heifers traded mostly 10.00 higher
with moderate demand. The Composite Veal Carcass Values for the Northeast
United States was quoted from 325.00-364.00/cwt this Thursday, with a
weighted average value of 334.12/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 85-135 lbs 150.00-167.00. Number 2
80-135 lbs 125.00-145.00. Number 3 80-115 lbs 100.00-120.00. Utility 80-105
lbs 60.00-90.00; 55-65 lbs 35.00-50.00. Holstein Heifers: Number 1 90-110
lbs 95.00-120.00. Number 2 65-95 lbs 60.00-95.00. Utility/Non-Tubing 60-70
Tuesday- Graded Holstein Bull Calves: Number 1 123 lbs 130.00; 95-112 lbs
151.00-159.00; 90 lbs 145.00. Number 2 84-113 lbs 137.00-157.00. Number 3
108 lbs 120.00; 84-95 lbs 139.00-141.00; 73 lbs 45.00. Utility 82-105 lbs
30.00-40.00; 63-71 lbs 17.00-25.00. Graded Holstein Heifers: Number 1 93-111
lbs 112.00-120.00; 84 lbs 80.00. Number 2 93 lbs 105.00; 75-84 lbs 40.00-
70.00. Utility and Non-tubing 93 lbs 47.00; 71 lbs 30.00.
Thursday- Graded Bull Calves: Number 1 120-128 lbs 139.00; 86-118 lbs 142.00-
151.00. Number 2 112-128 lbs 138.00-141.00; 80-110 lbs 142.00-149.00. Number
3 100-130 lbs 125.00-127.00; 80-98 lbs 135.00-147.00; 72-78 lbs 60.00.
Utility 90-110 lbs 60.00-67.00; 60-78 lbs 30.00. Holstein Heifer Calves: 85-
10 lbs 115.00-130.00. Number 2 65-100 lbs 70.00-110.00. Utility/Non tubing
65-85 lbs 40.00-50.00; 50-70 lbs 20.00-30.00.
Dairy Report: (Receipts: 602)
Compared to last week, dairy cows sold 100.00-200.00 higher with good
demand. Bred heifers sold 200.00-300.00 higher with good demand. Total of 373
heifers offered for the special heifer sale. Wednesday's supply included 161
fresh milking cows, 36 short-bred cows, 9 springing cows, 70 short-bred
heifers, 243 springing heifers, 56 open heifers, and 20 bulls. One hundred
percent of reported supply Holsteins unless otherwise noted. All sales sold
on a per head basis.
Cull Cows: 450.00-1100.00
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):
Common: 350.00-375.00; Jersey 300.00-375.00.
Common: 600.00-750.00; Jersey 485.00-550.00
Bulls: 300-600 lbs 425.00-475.00. 600-900 lbs 675.00-925.00.
900-1200 lbs 975.00-1125.00. 1200-1500 lbs 1175.00-1400.00.
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
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