JC_LS769 Jefferson City, MO Thu Sep 18, 2008 MO Dept of Ag/USDA Market News Green City- Green City Livestock Auction Feeder Cattle Weighted Average Report for 09/17/2008 Receipts: 4932 2 Weeks Ago: 500 Year Ago: 4202 Compared with the very light receipts from two weeks ago; heavy weight yearling steers 2.00-4.00 lower on limited comparisons, with the lighter weight steers and all weights of heifers also trading lower, although very few comparisons exist with the previous sale. Slaughter cows 1.00-2.00 lower. Yearling special with over 45 full pot loads in the offering. Although the market was noticeable lower from the start, the demand held consistent until the very end with buyers absorbing the heavy run of yearlings. Cattle prices seem to be affected by the financial crises currently taking place in the country as much as any fundamental factor in the beef industry. Choice Boxed Beef prices have actually been working slightly higher over the past couple of weeks with Wednesdays price quoted just over 161.00. Stock prices in New York crashed again on Wednesday with the Dow losing almost 450 points. Demand moderate and the supply heavy. Cows and bulls accounted for 2 percent of the run and feeders 98 percent. In the feeder supply, steers made up approximately 61 percent of the run and heifers 39 percent. Offerings over 600 lbs totaled around 84 percent. Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 4 378 378 132.00 132.00 15 447 447 125.50 125.50 36 532-533 532 115.50-125.00 120.92 61 552-594 575 120.00-125.25 122.70 65 604-638 614 116.50-121.75 120.74 28 655-691 675 117.50-121.00 119.52 105 728-749 742 113.00-118.50 116.79 29 747 747 110.10 110.10 Fleshy 190 762-790 779 111.10-118.75 113.34 36 751-762 760 108.75-110.50 110.12 Fleshy 510 805-849 831 106.00-112.70 110.32 790 851-897 874 106.30-109.20 107.81 119 925-940 933 103.00-105.00 103.98 115 956-964 960 101.60-102.60 102.08 Feeder Steers Medium and Large 1-2 Head Wt Range Avg Wt Price Range Avg Price 14 463 463 121.75 121.75 5 534 534 114.00 114.00 16 559-593 578 117.50-118.25 117.93 76 639-648 640 118.00-119.25 118.90 60 677-692 690 120.25-120.35 120.34 31 702-736 720 111.75-114.00 112.16 49 753-785 760 111.25-111.75 111.36 273 812-846 828 105.00-112.35 108.42 Feeder Steers Medium 1-2 Head Wt Range Avg Wt Price Range Avg Price 17 398 398 125.75 125.75 10 503 503 116.00 116.00 Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price 7 396 396 113.00 113.00 41 402-438 422 110.00-115.75 114.23 8 456 456 106.00 106.00 12 508-510 509 111.00-113.25 112.13 4 519 519 105.00 105.00 Fleshy 67 551-591 571 107.75-113.75 110.89 217 658-695 685 104.10-107.60 104.63 70 707-745 731 102.75-104.25 103.14 258 774-794 785 100.50-103.60 102.16 Feeder Heifers Medium and Large 1-2 Head Wt Range Avg Wt Price Range Avg Price 18 497 497 114.50 114.50 30 540 540 109.00 109.00 313 562-593 568 107.00-110.40 109.87 79 620-633 625 104.50-108.75 105.93 130 650-655 653 107.50-109.80 108.85 4 691 691 100.00 100.00 Fleshy 258 703-748 730 102.00-104.75 102.60 40 723 723 95.00 95.00 Fleshy 29 764-776 769 100.00-103.00 101.64 59 850-876 856 100.00-102.90 102.20 7 937-943 940 94.00-96.75 95.17 Feeder Heifers Large 1-2 Head Wt Range Avg Wt Price Range Avg Price 7 861 861 96.00 96.00 12 963 963 93.25 93.25 Slaughter Cows: Percent Lean Avg Dressing Hi Dressing Lo Dressing Breaking 70-80 53.00-57.00 58.25-59.00 50.00-51.40 Boning 80-85 52.00-55.50 47.00-52.00 Lean 85-90 42.75-46.75 Slaughter Bulls: Yield Grade 1-2 1550-1800 lbs 64.25-65.25, Low Dressing 61.75. Source: MO Dept of Ag-USDA Market News Service, Green City, MO Steve Disselhorst, Market Reporter, 573-751-5618 24 hour recorded report, 573-522-9244 www.ams.usda.gov/mnreports/JC_LS769.txt 0725cdt md .