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Lightweight Lambs Move To Slaughter
Feeder lambs remain in short supply throughout the country,
and that shortage was enhanced the last couple of weeks by a
considerable number of feeder weight lambs moving direct to slaughter
channels.
Plains Fed Cattle Bids
Vague, But Not Up To Asking Prices
Plains cattle feeders were asking $105-108 at presstime
against vague bids ranging from $100 to $104. Last week’s trade
opened at $102 and ended at $105.
Texas Slaughter Meat Type
Goat Prices Mostly Steady This Week
Meat type slaughter goats found a fairly reliable market
this week in most areas. Goldthwaite on Friday was $5-7 lower and on
Tuesday Fredericksburg was steady to firm; steady prices ruled
elsewhere.
PLAINS
FEEDLOT SALES
RANGE
SALES
Hudspeth County Ranchers
Fight Water District Over New Rules
For almost 100 years, Texas landowners have operated under
the assumption that they have an unqualified right to capture the
water beneath their land so long as they get to it first and so long
as the water is put to a beneficial use and not wasted.
Analyst Sees Strong Fed,
Feeder Cattle Prices For Some Time Yet
Calf and feeder cattle prices should stay profitable for
ranchers, in the estimation of a livestock economist addressing the
recent Texas Cattle Feeders convention here.
Continued Shortage Of
Lambs Plagues Producer-Owned Plant
Sheep numbers in the U.S., and even worldwide, are at
unprecedented low levels. This dramatic decline in supply has led to
higher prices and thus been positive for producers, but it puts lamb
packers and processors in a precarious position.
Pecan Market Forecast
Strong Despite Large Harvest Forecast
The U.S. pecan harvest is gradually gaining momentum in
October with excellent demand and good prices for excellent quality
pecans intended for gift pack, fund-raiser and Thanksgiving markets.
Excellent quality pecans for these specialty markets are bringing
about $1.50-$1.80 per pound, depending on the variety, quality, etc.
IBP Price Fixing Case
Set For Court
A class action lawsuit against the nation's largest meat
packer will go to trial Jan. 12 in federal court here in Birmingham.
Farmland To Pay
Unsecured Creditors 17 Percent More
Farmland Industries estimates it will pay unsecured
creditors up to 17 percent more than initially estimated, according to
Farmland’s Second Amended Disclosure Statement filed recently with
the U.S. Bankruptcy Court for the Western District of Missouri in
Kansas City.
Clint Corey Returns To NFR
After Missing Cut In 2002
With Wrangler National Finals Rodeo qualifications on
the line, guys like Clint Corey and Joey Bell Jr., cinched it up at
the Pace Picante ProRodeo Classic in Dallas and are now heading to Las
Vegas.
Steers And Heifers $1-3
Higher In Angelo Special Sale Monday
Steers and heifers sold $1-3 higher, instances $5 higher
Monday in the season’s seventh special feeder cattle sale at
Producers Livestock Auction.
Nation’s Feeder
Yearlings Firm, Calves Uneven On Heavy Volume
Limited supplies of yearling feeder steers and heifers sold
steady to firm across the country last week. Calves dominated the
receipts and sold unevenly steady, most areas reporting prices within
$1-2 higher or lower than the previous week.
Slaughter Cattle Prices
Higher, Kill Rate Much Lower Last Week
Slaughter steers and heifers sold $2 to mostly $3 higher
across the country last week, dressed sales $6 higher.
Angelo Lambs Steady,
Feeder Cattle Higher
Feeder lambs sold steady in a light test this week,
slaughter lambs steady, slaughter ewes $7-10 higher; nannies and kids
were steady. Trading was active and demand good. Receipts totaled 5899
head, around 15 percent slaughter ewes, 15 percent slaughter lambs,
five percent feeder lambs and 65 percent goats.
Superior Livestock Video
Sale Offering Totals 34,500 Cattle
Superior Livestock Auction offered more than 34,500 feeder
calves, yearlings and stock cows in their regularly scheduled sale.
Yearling steers sold $2-4 higher, heifers $3-7 higher, calves steady.
Demand was termed good and trade active.
Domestic Wool Slow, Aussies
Lower, Mohair Prices Improve
Wool trading remained slow again last week across most of
the U.S. Demand was moderate for light supplies, which were held in
strong hands. Demand for wool top in the world market was narrow and
little interest is shown in forward sales.
San Saba Feeder Calf,
Yearling Trend Higher
Feeder steer and heifer calves sold $2-5 higher, some weaned
calves $8-13 higher, slaughter cows and bulls $2-5 higher. Receipts
totaled 1420 head. Mason had no sale due to the opening of hunting
season.
Milano Feeder Steers
Steady, Heifers Rise
Feeder steers sold steady, heifers steady to $3 higher, the
advance on weights over 500 pounds, slaughter cows $2-3 higher, bulls
steady. Receipts totaled 1121 head.
Lampasas Feeder Steer,
Heifer Prices Higher
Feeder steers and heifers sold $1-2 higher, slaughter cows
$3-4 higher, bulls $1-2 higher. Receipts totaled 963 head.
All Abilene Cattle Prices Called
Higher
Feeder steers and heifers sold steady to $3 higher,
slaughter cows and bulls $3-5 higher, stock cows $10-20 higher.
Receipts totaled 861 head.
Hamilton Sheep, Goats
Called Steady Monday
All sheep and goats sold steady on receipts of 1696 head.
Llano Feeder Cattle Prices
Mostly Higher
Lightweight feeder steers and heifers sold $3-5 higher,
middleweights steady, heavyweights $2 higher, slaughter cows $2
higher, bulls $4 higher. Receipts totaled 395 head.
Fredericksburg Lambs Firm,
Goats Steady
Feeder and slaughter lambs sold steady to firm, slaughter
goats steady. Receipts totaled 2252 head.
U.S. Meat Production 6.4%
Below A Year Ago
Total red meat production under federal inspection last week
was estimated at 875.3 million pounds, 2.6 percent less than a week
earlier and 6.4 percent less than a year ago. Cumulative meat
production for the year to date was down 1.1 percent at 39.6 billion
pounds.
All Comanche Cattle
Prices Called Higher
Feeder steers and heifers sold $3-10 higher, slaughter cows
$3-7 higher, bulls $2-5 higher. Receipts totaled 394 head.
Decatur Calves Lower,
Yearlings Sell Higher
Feeder steer and heifer calves sold lower, yearlings steady
to higher, slaughter cows and bulls higher, stock cows and pairs
steady. Receipts totaled 822 head.
Boxed Beef Values Just A
Hair Higher
The national comprehensive boxed beef cutout report on all
fed steers and heifers sold last week edged upward 67 cents to
$157.89.
Fredericksburg Steers
Steady, Heifers Higher
Feeder steers sold steady, heifers $1-2 higher, slaughter
cows and bulls $2-3 higher. Receipts totaled 1585 head.
Billings Feeder Lambs
Move Sharply Higher
Feeder lambs sold $7-23 higher, the full advance on weights
under 80 pounds, slaughter ewes steady to $2 higher. Receipts totaled
2984 head.
Coleman Feeder Steer,
Heifer Prices Higher
Feeder steers and heifers sold steady to $1 higher,
slaughter cows and bulls steady, stock cows and pairs $5-10 lower.
Receipts totaled 993 head.
Kansas Direct Feeder
Cattle Prices Steady
Feeder steers and heifers sold steady to firm in Kansas
direct trade last week. Order buyers are having a difficult time
finding country yearling cattle, most feeders having sold early this
year because of the drouth conditions and high prices. The weather
turned cold, causing ice on water tanks. Sales were confirmed on 5012
head.
Goldthwaite Lambs Steady,
Goats Lower
Slaughter lambs sold steady, slaughter goats $5-7 lower.
Receipts totaled 1503 head.
Coming
Up...
November 13
— Special Stocker and Feeder Sale,
Jordan Cattle Auction, San Saba, Texas. November
14 — Special High Dollar
Calf and Yearling Sale, Junction Stockyards, Junction, Texas. November
14-15 —Camp Cooley Ranch’s
Bull and Female Sale, Superior Livestock Auction.
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