Texas Fed Cattle Trade Almost
At A Standstill Last WeekAMARILLO
(USDA) Slaughter steers and heifers were not
well tested last week, only 6300 head moving on the cash
trade through Thursday. Around 5000 head sold the
previous Friday at $69-69.25, then trade remained at a
standstill until 1600 head moved Thursday at $68.
Movement finally untracked Friday with 38,400 head
bringing $68.50 to mostly $69, but those sales will be
counted in this week's receipts.
Lower futures and boxed beef cutouts resulted in light
packer demand and lower bids. However, a manageable
showlist and adverse weighing conditions due to snow in
the area encouraged feeders to take a firm stance and
carry their cattle over. Sales were confirmed on 50,400
head including 44,100 formulated cattle.
The weighted average price of all beef type steers was
$68.99. The average liveweight of most cattle slaughtered
at area packing plants the previous week was 1178 pounds
compared to 1166 a week earlier and 1183 a year ago.
Heifer percentages were 43, 48 and 41, respectively.
Elsewhere in the country, slaughter cattle on a live
basis sold steady to $1 lower, dressed basis steady to $2
lower. Packers filled immediate needs in a tug of war
type trade in which they paid steady money only until
their needs were met. Packers were determined to buy at
lower money, but many feeders held firm.
Snowstorms in parts of Texas, Oklahoma, and the
Southeast had little effect on major feedlot trade areas.
Packers incurred some problems moving meat products to
the East Coast, however, and this lessened immediate
needs for cattle.
Boxed beef cutout values finished the week down 87
cents at $109.38. Choice and select product are finally
at a normal spread of $6.50. This is due to the
longer-fed cattle currently backlogged in feedlots, a
situation prompting concern for the next two months.
Some Texas trading:
Slaughter steers: select and choice 2-3 1150-1300 lbs.
$68-69.25 weighted average $68.99; pen select and choice
1-3 1250 lb. Holsteins $62.
Slaughter heifers: select and choice 2-3 1050-1200
lbs. $68-69.25, weighted average $68.79; pen select and
few choice 2-3 1050-1200 lbs. $67.
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