New Holland, PA Fri Apr 26, 2013 USDA- Ag Market News
Lancaster Weekly Cattle Summary for week ending Friday, April 26, 2013
This Week: 2176 1197
Last Week: 2133 1243
Last Year: 2674 1165
This week in Lancaster County, slaughter steers sold mostly 1.00-2.00
higher on good demand. Cattle supplies decreased again this week as producers
continue to watch the market get soft. Cattle quality remains good overall.
Choice box beef cutouts were quoted at 191.54 on Thursday, unchanged from the
previous day. The Choice/Select spread has widened from Wednesday's close of
6.73/cwt to 7.03/cwt on Thursday. Boxed beef prices didn't jump but moved
steadily higher all week. April Live Cattle futures gained a little ground
on Thursday's close and cash trade is at standstill in the Midwest. No
negotiated trades out of the great plains as packers bid from $125.00-126.00
across the plains with no success. Futures prices responded to a seller
reluctance to sell cattle at steady money. Attitudes are changing among
sellers of fed cattle. Beef plants don't process futures contracts and
sellers are less willing to take the first bid. Futures traders are sensing
this change recognizing a new emerging bull in the cash markets assuming a
new role as leader of futures prices rather than reacting to them. Packers
will resist $128-130 asking prices but ultimately will require cattle for
processing. The USDA Cattle on Feed report was released last Friday. The blow
out on placements surprised all analysts and the high end of analysts range
was 3 percent under the final number. It was not surprising to many of the
feedlot operations in Texas where early previews reflected a 25% increase
over prior year in Texas. Traders also were prepared and had discounted the
June futures 6.00 under the current cash price. Much of the increase in
placements was found in heavy weight placements, above 800 pounds. The
mindset of many in the industry whose operating mode was based on the
premise that numbers of cattle available in the country for beef production
were so critical that beef plants and feedlots were in a shut down mode.
While numbers are declining and may decline further, this month's report and
the large numbers of feeder cattle movements in April are a reminder that we
are not out of replacement cattle. June contracts are at 122.85/cwt as of
Thursday afternoon and December contracts are at 128.50/cwt. Corn futures
took a held steady this week to 6.45/bu for May with December contracts at
falling only slightly to 5.31/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 1250-1650 lbs 121.00-126.50.
Choice 2-3 1370-1600 lbs 115.50-122.50. Select 2-3 1130-1465 lbs 115.00-
Slaughter Holsteins: High Choice and Prime 3-4 1450-1600 lbs 105.50-
107.00. Choice 2-3 1350-1650 lbs 101.50-103.50. Select 2-3 1275-1420 lbs
Slaughter Heifers: High Choice and Prime 3-4 1350-1450 lbs 118.00-122.00.
Choice 2-3 1100-1400 lbs 114.00-117.50. Select 2-3 1100-1350 lbs 109.50-
Percent Lean Avg. Dressing High Dressing Low Dressing
Premium White 65-75 75.00-78.00 ----------- 70.00-73.50
Breakers 75-80 74.00-79.00 80.00-86.50 67.00-73.00
Boners 80-85 73.00-79.50 81.50-84.00 68.00-72.00
Lean 85-90 68.00-72.50 74.00-76.50 58.00-67.50
Slaughter Bulls: Yield Grade 1 910-2200 lbs 92.00-95.00, high dress
97.00-101.50, low dress 84.00-89.00.
Calf Summary: This week in Lancaster County, Holstein Bull calves sold
mostly 20.00-40.00 higher, with a few to 50.00 higher. Demand was very good.
Calf supplies remain light keeping buyers aggressive with their bids.
Heifers sold mostly steady to 20.00 higher with good demand. The Composite
Veal Carcass Values for the Northeast United States was quoted from 329.00-
356.00/cwt this week, with a weighted average value of 336.59/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 90-120 lbs 188.00-225.00; 80-90 lbs
155.00-185.00. Number 2 80-120 lbs 172.00-180.00. Number 3 75-110 lbs
120.00-150.00. Utility 95-115 lbs 70.00-100.00. Holstein Heifers: Number 1
80-100 lbs 120.00-155.00. Number 2 70-90 lbs 95.00-115.00.
Non-Tubing/Utility 70-90 lbs 75.00-85.00.
Tuesday-Graded Holstein Bull Calves: Number 1 123 lbs 207.00; 95-112 lbs
225.00-235.00; 90 lbs 190.00. Number 2 95-115 lbs 225.00-246.00; 83-90
lbs 137.00-150.00. Number 3 95-108 lbs 165.00-177.00; 82-94 lbs 145.00-
157.00; 74 lbs 80.00. Utility 73-90 lbs 70.00-86.00. Graded Holstein
Heifers: Number 1 94-113 lbs 150.00-165.00; 85 lbs 115.00. Number 2
91-100 lbs 137.00-150.00; 82 lbs 95.00. Number 3 83 lbs 81.00.
Thursday-Graded Bull Calves: Number 1 120-128 lbs 225.00; 110-118 lbs
240.00-248.00; 94-108 lbs 251.00-256.00; 90-92 lbs 195.00. Number 2
120-128 lbs 225.00; 98-118 lbs 251.00-260.00; 94-96 lbs 180.00; 80-92 lbs
100.00. Number 3 100-130 lbs 137.00-140.00; 80-98 lbs 90.00-100.00; 72-78
lbs 81.00. Utility 90-110 lbs 80.00-85.00; 60-88 lbs 73.00-78.00. Holstein
Heifer Calves: 90-115 lbs 140.00-150.00. Number 2 80-100 lbs 100.00-110.00.
Utility/Non tubing 70-85 lbs 60.00-80.00.
Dairy Report: (Receipts: 202)
Compared to last week, dairy cows sold firm on a very
light test. Demand was good for the good quality fresh
cows offered. Bred heifers sold 100.00-200.00 higher with
good demand. Wednesday's supply included 90 fresh milking
cows, 8 short-bred cows, 8 springing cows, 35 short-bred
heifers, 28 springing heifers, 23 open heifers, and 6
bulls. One hundred percent of reported supply Holsteins
unless otherwise noted. All sales sold on a per head basis.
Cull Cows: 525.00-950.00
Springing Cows: (7-9 months bred)
Short Bred Cows: (1-3 months bred)
Short Bred Heifers: (1-3 months):
Bred Heifers: (4-6 months):
Springing Heifers (7-9 months):
Bulls: 600-900 lbs 700.00, Jersey 425.00-600.00; 900-1200
lbs 800.00-900.00; 1200-1500 lbs 1200.00.
Source: USDA 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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