Plains Feedlots See Prices
Melt Away Like Day-Old SnowWinter has been slow
to come to the Plains this year, but the fed cattle
market caught a good chill as it finally approached.
Texas Panhandle prices, struggling for the last couple
of weeks, slipped a dollar to $61 in heavy trading
Tuesday, then gave up another dollar in scattered
Wednesday sales. Total movement through midweek was
roughly 90,000 head, including 24,500 captives. The
showlist was just over 80,000.
Kansas counted almost 108,000 head for the period at
prices in line with those of Texas, and Nebraska tallied
74,000 at $60-61 live and $94-96 dressed; late sales were
at the lower end.
Midwest direct trade was mostly $60 live by Wednesday,
dressed terms $94. Terminal markets paid $57.50-60.60, a
few to $61.60.
The Southwest was quiet except for a few pens of
select and choice steers in the Southern California
desert area at $60. The Northwest was slow under light to
moderate demand, prices steady to $1 lower at mostly
$97-99 dressed.
Stocker and feeder cattle prices were generally steady
to higher though some weakness was noted toward the
feeder weight end.
St. Joseph, Mo. called 2600 head steady, and a roundup
of four Florida auctions saw a steady to $2 higher trend
on 7729 head. La Junta, Colo. turned in decidedly mixed
results; on 6455 head, yearlings were steady, light
calves $1-2 higher, instances $3-5 higher, but heavy
calves were steady to $2 lower.
In Texas, Crockett sold 1900 head on a steady to $2
higher market. San Antonio offered 2150 head over two
days; steers and heifers were termed weak Wednesday after
being steady on steers and steady to as much as $3-5
higher on heifers Monday. With 1467 head on hand,
Amarillo was $1-3 higher on weights under 600 pounds,
heavier weights poorly tested with a weaker undertone.
Oklahoma City defied the general trend on 10,050 head,
calling feeder weight cattle steady to $2 higher, steer
calves steady and heifer calves $2-3 lower. Best 300-400
pound steer calves earned $97-106.50; 400-450 pounds
$91.50-98; 450-500 pounds $84.75-93; 500-550 pounds
$78.50-86.75; 550-600 pounds $74.25-83.50; 600-650 pounds
$70.25-74; 650-700 pounds $67.50-72.50; yearlings,
600-650 pounds $76-78.25; 650-700 pounds $72.75-75;
700-800 pounds $70-74; 800-850 pounds $68-73.50.
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