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Lambs, Lamb Meat Prices Move Higher
Feeder lambs were generally on the firm to higher side
everywhere this week, Goldthwaite moving up $3-5. Slaughter lambs were
also firm, with Midwest markets $3 higher. Fredericksburg was an
exception at $3-5 lower, but no heavy lambs were on hand. Slaughter
ewes were a little lower in Texas and steady to $3 higher on Midwest
markets.
Plains Fed Cattle Trade
Quiet As Market Sorts Off Mad Cow
That Canadian mad cow had short legs.
Tuesday's announcement of a confirmed "mad cow" case in
Canada knocked the props out from under the futures board, but
evidently only for the day; both fat and feeder contracts were back up
again Wednesday.
Texas Slaughter Goat Prices
Suffer Severe Price Tumble
There was no up and down pattern this week on slaughter goat
price trends; it was all down. Kid prices were $5-10 lower for the
most part, some off much more.
PLAINS
FEEDLOT SALES
RANGE
SALES
Canada Finds Mad Cow Disease
In One Beef Animal In Alberta
On Tuesday the Canadian Minister of Agriculture told the
world that one eight year-old beef cow from a ranch in Canada's
Alberta province tested positive for bovine spongiform encephalopathy,
or mad cow disease.
Cattle Feeders Head
Reminds Cool Not Only Industry Issue
Richard McDonald, president and chief executive officer of
the Texas Cattle Feeders Association, says he's concerned that
meetings hosted by his organization, the Texas Beef Council and Texas
and Southwestern Cattle Raisers Association are all focusing on one
issue.
Lan LaJeunesse Heads To
Vegas For Winter Pro-Rodeo Finale
A measly $24 separated Lan LaJeunesse of Morgan, Utah, from
the 2002 Wrangler National Finals Rodeo and a chance to defend his
world bareback riding title. In 2002, Clint Corey of Powell Butte,
Ore., had his epic 17-year streak of qualifying for the Wrangler NFR
come to an end.
Economist Outlines Tax Laws
For Conservation Easements
The Internal Revenue Code allows landowners to obtain income
and estate tax breaks through granting a "conservation
easement" to non-profit organizations and/or the government.
U.S., Trade Partners
Combine Against EU Biotech Moratorium
U.S. Trade Representative Robert B. Zoellick and Agriculture
Secretary Ann M. Veneman said the United States, Argentina, Canada,
and Egypt will file a World Trade Organization case against the
European Union over its illegal five-year moratorium on approving
agricultural biotech products. Other countries expressing support for
this case by joining it as third parties include Australia, Chile,
Colombia, El Salvador, Honduras, Mexico, New Zealand, Peru and
Uruguay.
Steer And Heifer Prices Steady In
Angelo Special Sale Monday
Steer and heifer prices in the season's first special feeder
calf sale at Producers Livestock Auction were steady with last week's
regular sale.
Feeder Cattle Prices
Higher Last Week, Optimism Pervasive
Feeder cattle prices were another $1-2 higher across the
country last week. Optimism abounds in the livestock markets,
especially the beef sector. Higher cash and futures prices were the
primary factors.
Fed Cattle Prices Move
Higher On Strength, Demand For Beef
Slaughter cattle made positive gains early last week as the
bulk of cattle traded $1-2 higher on Tuesday. Packers worked
diligently to keep up with the strong demand for beef and the week's
kill again reached well into the 700,000-plus range.
Cattle On Feed Off 4
Percent Nationwide In 1000-Head Lots
Cattle and calves on feed for slaughter May 1 in feedlots
with a capacity of 1000 or more head totaled 10.53 million head, four
percent below last year and six percent below two years ago.
Angelo Feeder Lambs Firm,
Cattle Higher
Feeder lambs sold firm this week, slaughter lambs and
slaughter ewes weak; kid goats were weak to $5 lower and nannies weak.
Two day receipts totaled 13,591 head, around 40 percent slaughter
ewes, 15 percent feeder lambs, five percent slaughter lambs and 40
percent goats.
Boxed Beef Values To
Four-Month High
The National comprehensive boxed beef cutout report on all
fed steers and heifers sold last week showed an advance of $4.34 to
reach $129.33, the highest value since late January.
Abilene Feeder Steer,
Heifer Prices Lower
Feeder steers and heifers sold steady to $1 lower, slaughter
cows and bulls steady to firm, stock cows and pairs steady. Receipts
totaled 1239 head.
Weekly Meat Imports At
32,605 Metric Tons
Imported meat and poultry passed for entry into the United
States the week ending April 5 amounted to 32,605 metric tons, or
around 71.7 million pounds.
Decatur Feeder Steer,
Heifer Prices Steady
Feeder steers and heifers sold generally steady with some
strength on lightweights, fleshy slaughter cows and bulls strong, thin
kinds $1-2 lower, stock cows and pairs steady to higher. Receipts
totaled 1802 head.
Fredericksburg Lambs
Steady, Goats Lower
Feeder lambs sold steady, slaughter lambs $3-5 lower, stock
goats $4-5 lower, slaughter goats $8-10 lower. Receipts totaled 4241
head.
Hamilton Kids Lower,
Sheep, Cattle Steady
Sheep classes sold steady Monday, kid goats lower, nannies
steady. Receipts totaled 3001 head. All cattle classes sold steady
Tuesday on receipts of 302 head.
Kansas Direct Feeder
Steer Prices Higher
Feeder steers sold firm to $2 higher last week in Kansas
direct trade; heifers were too few for an adequate test, but showed a
firm undertone. Severe thunderstorms moved across the area with as
much as 6-9 inches of rain in some local spots. Sales were confirmed
on 18,659 head.
Milano Feeder Steer,
Heifer Trade Lower
Feeder steers and heifers sold $1-3 lower, slaughter cows
and bulls steady. Receipts totaled 1094 head.
Domestic Wool Slow, Aussie
Wools Lower
Wool trading the past 10 days was virtually at a standstill
in most areas across the U.S. Demand was light to very light.
U.S. Meat Production 1.4%
Above A Year Ago
Total red meat production under federal inspection last week
was estimated at 910.9 million pounds, .8 percent more than a week
earlier and 1.4 percent more than a year ago. Cumulative meat
production for the year to date was down .8 percent at 17.16 billion
pounds.
Most Lampasas Cattle Prices
Called Higher
Feeder steers and heifers sold $1-3 higher, slaughter cows
$1-2 higher, bulls $2-4 higher. Receipts totaled 903 head.
Junction Feeder Lamb, Fat
Kid Trends Lower
Lambs sold $1-3 lower, ewes $1-3 higher; Angoras steady;
stock meat type nannies $2-6 higher, fat nannies and billies steady,
muttons $2-5 higher, kids $2-4 lower. Receipts totaled 4563 head.
Colorado City Feeder
Cattle Prices Steady
Feeder steers and heifers were fully steady, weights over
500 pounds $1-3 higher, slaughter cows and bulls $2-3 higher, pairs
$10-50 higher. Receipts totaled 534 head.
Goldthwaite Lambs Higher,
Goats Off
Feeder lambs sold $3-5 higher, slaughter lambs steady to
firm, all classes of goats $5-10 lower. Receipts totaled 3948 head.
Cuero Feeder Steers,
Heifer Prices Mixed
Lightweight feeder steers and heifers were higher, other
weights a little lower, slaughter cows $1-1.50 higher, except fat cows
$2-2.50 higher. Receipts totaled 1220 head.
Cold Storage Meats 7% Below
A Year Earlier
Total red meat supplies in freezers on April 30 were seven
percent below April 2002 at 959.1 million pounds.
Most Mason, San Saba Cattle
Prices Higher
Feeder steers sold steady to $3 higher last week in Mason
and San Saba, the advance on yearlings, heifers $1-2 higher, slaughter
cows and bulls $1-3 higher, stock cows and pairs $10-20 higher.
Receipts totaled 1643 head at the two sales.
Billings Feeder Lamb,
Fat Ewe Trend Higher
Feeder lambs sold $1-2 higher, slaughter ewes steady to $1
higher with fat ewes $1-2 lower. Receipts totaled 921 head.
Loose Ends
Coming
Up...
May 24 — Holder Quarter
Horses Production Sale, Rochester, Texas. May
31 — Risinger Ranch’s
Complete Herd Dispersal, Jordan Cattle Auction, San Saba, Texas.
May 31
— Special Replacement Female Sale, Jordan Cattle Auction, San Saba,
Texas. May 31
— Special Boer Goat Sale, Lometa Commission Company, Lometa, Texas.
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