Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   
   
   

Agricultural News


Latest Weekly Feedlot Trade Sees Cash Prices Pennies Higher, Formula Prices Two Dollars Lower

Tue, 19 Apr 2016 09:51:54 CDT

Latest Weekly Feedlot Trade Sees Cash Prices Pennies Higher, Formula Prices Two Dollars Lower Ed Czerwein of the U.S. Department of Agriculture Market News Office in Amarillo, Texas presents a weekly feedlot trade and finished cattle price recap at the beginning of each week for the previous week- here is his report for the week ending April 16, 2016.

The finished cattle trade live prices were mostly steady to 1 higher.

The weekly weighted average cash steer price for the five area which includes TX, NE, CO, KS and IA feeding areas was only 9 cents higher at $133.99 and compared to $133.90 the previous week.

The five area total cash steer and heifer volume was 87,600 head compared to 82,000 the previous week. The three biggest states for five area cash volume were NE at 38,000 head, KS at 20,000 head and IA/MN at 15,000 head.

Five area formula sales totaled 143,000 head compared to 156,000 the prev week and TX was at 65,000 head and KS at 33,000 head.

The five area average formula price was $214.23 compared to $216.06 the previous week and the current dressed steer average price was $213.98 this week. Formulas average about 25 cents higher.

National imported slaughter cattle totaled 9800 head for the week compared to 7200 last week.

Nationally reported contracted cattle volume was 63,000 head compared to 55,000 head the previous week.

This is the time of the year when all weights both live and carcass follow their normal seasonal declines. However the average live wt from the TX Panhandle which includes steers and heifers for the week of Apr 9 was 8 lbs lower at 1316 pounds and that was 46 pounds higher than last year which was 1270 pounds.

The latest average National steer carcass weight for week ending April 2nd was 3 pounds lower at 884 pounds but was still 15 pounds higher than last year which was 869 pounds, with the five year average at 846 pounds.

Choice-Select spread was $9.40 on Friday which was about 15 cents lower compared to the previous Friday. The choice- select spread is normally bigger when demand for Choice ribs and loins are higher like now during the grilling season.



   
   

Ed Czerwein reports on the weekly feedlot and finished cattle trade from the week ending 4/16/16
right-click to download mp3

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Wednesday Market Wrap-Up with Justin Lewis  Wed, 21 Aug 2019 14:00:57 CDT
  • Wednesday Afternoon Market Wrap-Up with Carson Horn  Wed, 21 Aug 2019 13:56:26 CDT
  • EPA Seeks Public Comment on Pesticide Applications for Hemp - Tools Needed for Continued Ag Growth  Wed, 21 Aug 2019 12:30:14 CDT
  • First-Ever Report of Antimicrobial Use Across US Poultry Industry Reveals Dramatic Changes, Improved Stewardship  Wed, 21 Aug 2019 12:21:54 CDT
  • K-State's Glynn Tonsor Breaks Down Cattle Market's Surprising Reaction to Tyson Packing Plant Fire  Wed, 21 Aug 2019 12:10:27 CDT
  • American Pecan Federation Finds Its Voice on Capitol Hill - Lobbyist Bob Redding on Cracking the Hard Nuts of DC Politics  Wed, 21 Aug 2019 11:38:40 CDT
  • Wednesday Preopening Market Update with Dave Lanning  Wed, 21 Aug 2019 07:07:29 CDT
  • Growth Energy Responds to EPA Claim of Zero Demand Destruction  Wed, 21 Aug 2019 05:49:57 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.