| VOLUME 54 - NO.
16 |
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THURSDAY,
APRIL 25, 2002 |
Lamb Imports Hit Record
High Volume
Lamb and mutton imports the week ending March 16 were a
record high volume at 2608 metric tons, or around 5.7 million pounds,
the equivalent of 24 percent more than domestic production that week.
Fed Cattle Prices Continue
To Tumble, Losing Another $3
Plains feedlots are awash in red ink as fed cattle prices
continue to slide. Trading began this week on Tuesday and continued
through Wednesday at $64, $3 off last week's already-depressed rate.
Texas Slaughter Goat Prices
Tumbled Around $5 This Week
Most slaughter goat markets around the state lost about $5
this week, the first decline in about four weeks.
PLAINS
FEEDLOT SALES
RANGE
SALES
NCBA And McDonald’s
Officials Create Beef Export Task Force
Officers of the National Cattlemen's Beef Association and
McDonald's officials have announced the formation of a task force
designed to find ways of improving the value of U.S. beef products by
increasing exports of U.S. fed beef trimmings.
Conferees May Be
Approaching Agreement On Farm Bill Issues
House and Senate farm bill negotiators may have worked out
differences over packer ownership of cattle and country of origin
labeling. Closed door meetings of the House-Senate farm bill
conference committee last week failed to produce any agreement until
Thursday morning, April 18, when House Agriculture Committee Chairman
Larry Combest, R-Texas, and ranking member Charlie Stenholm, D-Texas,
introduced a compromise proposal developed by the House conferees
covering all titles of the bill.
Sheep May Be Part Of
Program To Fight Noxious Leafy Spurge
A rancher wants to release 1600 sheep on a plot of public
land surrounded by private property in Anaconda's East Valley as part
of a three-pronged effort to wipe out grass-choking noxious weeds.
New Texas Regulation
Intended To Protect Horses From Coggins
Horse enthusiasts with a limited area in which to keep their
animals can now be assured that nearby horses have tested negative for
equine infectious anemia.
CFTC Reports No Early
Evidence Of Cattle Futures Manipulation
The Commodity Futures Trading Commission reports no evidence
of manipulation in its preliminary look at the precipitous cattle
futures market drop surrounding the March 13 rumor of foot and mouth
disease in Kansas.
UK Woman In Florida
Could Have Mad Cow
The Florida Department of Health and the Centers for Disease
Control are investigating a likely case of new variant Creutzfeldt
Jakob disease (vCJD) in a 22 year-old citizen of the United Kingdom
now living in Florida.
Oregon Trail Cattlemen
Set To Launch Branded Beef Line
Cattle ranchers in Eastern Oregon and other states along the
Oregon Trail are preparing for a cattle drive of sorts to move
high-quality beef from the ranch to consumers' plates.
USDA Plans To Continue
Testing Imported Sheep Taken Last Year
The U.S. Department of Agriculture announced last week that
tests conducted on a flock of sheep confiscated last year from a farm
in Vermont confirm that two of the 125 sheep tested positive for an
atypical undifferentiated transmissible spongiform encephalopathy of
foreign origin.
Wyoming May Consider Paying
Elk Damages
Two committees plan to study whether the state should
compensate landowners whose grass is eaten by elk and other wildlife.
Farmland Says No Plan
To File For Chapter 11
Farmland Industries has no plans to file for Chapter 11
bankruptcy protection, the head of the nation's largest agricultural
cooperative said Monday.
Numerous Factors
Contributed To Collapse Of Cattle Futures
Cattle futures prices have dropped to new life-of-contract
lows during the past three weeks. With the Jan. 1 U.S. all-cattle and
calf inventory the lowest since 1960, ranchers are wandering why the
cattle market collapsed.
Burk Heads Off Trevor
Brazile To Lead Calf Roping Standings
Blair Burk of Durant, Oklahoma, continued his assault on the
Jack Daniel’s World Standings leader board last weekend, claiming
the calf roping title at the Buc Days ProRodeo in Corpus Christi.
Nation’s Feeder Cattle
Trade Mostly Higher, Outlook Bleak
Feeder steers and heifers sold steady to $3 higher around
the country last week, auction barns in the Southeast unevenly steady
and prices $1-2 lower in parts of Kentucky and Tennessee.
Cattle On Feed Up One
Percent In Seven Main Feeding States
Cattle and calves on feed for slaughter April 1 in the seven
leading feeding states totaled 9.93 million head, up one percent from
the same date in 2001 and four percent from April 1, 2000.
Superior Livestock Video
Sale Offering Totals 27,500 Cattle
Superior Livestock Auction offered more than 27,500 feeder
cattle in their regularly scheduled video sale. Consignments were from
18 states.
Fed Cattle Prices Off,
Spread Between Select, Choice Widens
Slaughter cattle traded $1-2 lower last week, dressed sales
$4 lower.
Domestic Wool Trading
Active, Australian Prices See Decline
Wool trading was moderate to fairly active in most areas
except slow in Texas and New Mexico, where warehouses are receiving
wool for sales in May. Demand was moderate to good for the smaller
than normal supplies. Wools are held in strong hands this year,
prices, both grease and clean, steady to firm. Most activity was noted
in Colorado and Wyoming as shearing is in full swing.
Angelo Lambs Steady,
Feeder Cattle Higher
Feeder and slaughter lambs sold steady this week, slaughter
ewes firm to $2 higher; nanny goats were steady, kids weak to $5
lower. Receipts totaled 12,340 head, around 50 percent slaughter ewes,
10 percent slaughter lambs, five percent feeder lambs and 35 percent
goats.
Red Meat, Beef, Pork Stocks
Above Year Ago
Total red meat supplies in freezers on March 31, at 960.6
million pounds, were one percent below February 2002 but 22 percent
above March 2001.
Fredericksburg Fat Lamb
Prices Mixed
Feeder lambs sold $3-5 higher, lightweight slaughter lambs
$3-5 lower, heavyweights $2-3 higher; goats were 3-5 lower. Receipts
totaled 3472 head.
Milano Feeder Steer,
Heifer Prices Lower
Feeder steers sold $1-3 lower, heifers $2-4 lower, slaughter
cows $1-2 lower, bulls steady. Receipts totaled 574 head.
Producers Internet Offers
7600 Feeders
Producers Internet Auction offered 7600 feeder cattle,
mostly from Florida and few from Mississippi and Texas. Trade and
demand were good, delivery current to October.
Abilene Lightweight
Feeder Cattle Steady
Feeder steers and heifers under 500 pounds sold steady,
heavier weights $1-2 lower, slaughter cows and bulls steady to $1
higher, stock cows and pairs $10-20 lower. Receipts totaled 1213 head.
U.S. March Red Meat
Production Down 2%
Commercial red meat production for the United States in
March totaled 3.68 billion pounds, down two percent from the 3.76
billion pounds produced in March 2001. March 2002 contained one fewer
weekday than a year ago.
Llano Feeder Steer, Heifer
Prices Better
Feeder steers and heifers sold $2-3 higher, slaughter cows
and bulls steady. Receipts totaled 240 head.
Most Hamilton Cattle
Prices Called Steady
All classes of cattle sold steady on receipts of 488 head.
Sheep classes were steady Wednesday, April 22; nanny goats were
higher, kids steady. Receipts totaled 1448 head.
Most Lampasas Cattle Prices
Called Lower
Feeder steers and heifers sold steady to $2 lower, slaughter
cows $2-4 lower, bulls $1-2.50 lower. Receipts totaled 622 head.
Kansas Direct Feeder
Steers Move Higher
Feeder steers opened steady last week, but, late sales were
firm to $1 higher. Heifers were too few for a market test. The weather
was mild and dry. Sales were confirmed on 3396 head.
Junction Sheep Sold Steady,
Kids Lower
Most sheep sold steady, kid goats $5-8 lower, young Spanish
nannies 50-65 lbs. $7-12 higher. Receipts totaled 3376 head.
U.S. Meat Production 10.1%
Above A Year Ago
Total red meat production under federal inspection last week
was estimated at 896.5 million pounds, 2.6 percent more than a week
earlier and 10.1 percent more than a year ago. Cumulative meat
production for the year to date was up two percent at 13.7 billion
pounds.
Colorado City Feeder
Cattle Prices Steady
Feeder steers and heifers sold mostly steady, slaughter cows
steady to $2 lower, bulls steady, bred cows and pairs steady. Receipts
totaled 445 head.
Goldthwaite Lambs Higher,
Goats Steady
Lightweight slaughter lambs sold $2-3 higher, heavyweights
steady; goat prices were generally steady. Receipts totaled 2187 head.
Graham Feeder Steer,
Heifer Prices Lower
Feeder steers and heifers sold $1-2 lower, slaughter cows
and bulls steady to $1 lower, stock cows and pairs steady. Receipts
totaled 768 head.
Coleman Feeder Steer,
Heifer Prices Decline
Feeder steers and heifers sold steady to $1 lower, slaughter
cows and bulls steady to $1 lower, stock cows and pairs steady.
Receipts totaled 912 head.
Cuero Cattle Market Termed
Active
Trading was active, slaughter cows $1-1.50 higher. Receipts
totaled 712 head.
Fredericksburg Steer,
Heifer Prices Higher
Feeder seers and heifers sold $1-3 higher, slaughter cows
and bulls $2-3 lower. Receipts totaled 924 head.
Loose Ends
Coming
Up...
April 27
— The Open Range Commercial
Replacement Female Sale, Dees Ranch, Elgin, Oklahoma. April
27 — Windy Hills Beefmaster
12th Annual Production Sale. April
27 — Catalog Horse Sale,
Lometa Commission Company, Lometa, Texas.
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