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Plains feedlots generally resisted lower bids last week, but they didn’t sell many cattle doing it, and this week the resistance crumbled. The Texas Cattle Feeders Association counted about 40,000 head selling in their area at $83 compared to $87-88 two weeks ago and $86-87 on light movement last week. The area showlist was up only about 2000 head at 77,118, but captives rose 8452 head to 41,964, which gave packers leverage. Elsewhere, direct trade ranged from $82.50 to $83.50 live and generally $133-135 dressed. Midwest terminals paid $80-85, bulk $81-83. Stocker and feeder cattle prices varied a bit to either side of steady this week. Joplin, Mo. sold 7800 head and called heifers steady to firm, steers steady to $2 lower, some lightweights as much as $6 lower. A roundup of four Florida auctions was $1-2 lower on 4200 head between them, and La Junta, Colo. termed about 1000 head steady to $1 lower on weights under 700 pounds, steady to $1 higher on heavier weights. In Texas, Hallettsville was steady on 1589 head, Crockett steady to $2 higher on 1136. Three Rivers sold 1333 head and found weights under 500 pounds steady, heavier kinds $2-4 higher. Amarillo counted 3552 head and reported weights under 600 pounds steady to weak, instances $3 lower, heavier weights firm to $2 higher. Oklahoma City receipts came to 8183 head, and prices were steady on all but stocker weight heifers, which sold steady to $2 higher. Best 350-400 pound steer calves brought $128-134; 400-450 pounds $122-131.50; 450-500 pounds $116-127.25; 500-600 pounds $106.50-119.50; 600-650 pounds $102-110.50; 650-700 pounds $95.50-104.50; a few 700-750 pound stockers $95.50-100; 700-750 pounds $90-97.25; 750-800 pounds $89-94.50; 800-850 pounds $86.50-90; 850-900 pounds $83.75-87.75; a few 900-1000 pounds $81-84.75. |
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