New Holland, PA Fri Jan 11, 2013 USDA- Ag Market News
Lancaster Weekly Cattle Summary for week ending Friday, January 11, 2013
This Week: 2587 1879
Last Week: 2479 7795
Last Year: 3459 1569
This week in Lancaster County slaughter steers sold mostly steady. Cattle
supplies have been moderate and quality has stepped up from previous weeks.
Trade activity has been moderate with moderate to good demand. Cattle trade
in the Midwest has been choppy throughout the week. The bulk of the live
trades sold from 125.00-128.00/cwt, while dressed trades have ranged from
202.00-205.00/cwt. The boxed beef market has remained stagnant; Choice
cutouts closed at 193.81/cwt on Thursday, varying little from where it's been
the past couple of weeks. The Choice/Select spread has dropped below the
10.00/cwt mark to close at 9.85 Thursday. Retail beef demand will be a
concern moving forward as it is the only factor holding this bull market at
bay. Packers have been taking sizable losses starting off the New Year as box
beef prices struggle to stay within distance of the live cattle trade. The
shrinking supply of beef cattle across the nation has pushed CME Live Cattle
futures higher for 2012. April futures pushed near 137.00/cwt last week, but
pulled back this week to just over 135.00/cwt. If realized, boxed beef values
will need to advance upwards to 220.00-225.00/cwt to sustain such a market.
Retail demand will be a limiting factor for the wholesale prices and it all
boils down to the consumer and how much discretionary income they are willing
to splurge on beef, when pork and poultry are at a far greater values. Not to
mention consumers will have 2% less income this year absorbed by Social
Security Taxes, further limiting their purchasing power and appetite for
higher priced beef. The one thing the beef market has going for it is the
limited supply of cattle which will not be replenished any time soon due to
the long production cycle of the bovine species. Other market movers to
consider moving forward will be USDA's Annual Production and Grain Stocks
Report due out Friday at noon eastern. This report will provide information
on grain inventories as well as usage and exports. In addition USDA will be
releasing their Cattle Inventory report on Friday February 1st, which will
give us a handle on how devastating the 2012 drought was on the cattle herd.
All cattle markets are priced per cwt with exception of dairy cattle
purchased on a per head basis.
For detailed cattle quotations refer to web addresses:
http://www.ams.usda.gov/mnreports/LN_LS140.txt (New Holland Monday)
http://www.ams.usda.gov/mnreports/LN_LS142.txt (New Holland Thursday)
http://www.ams.usda.gov/mnreports/LN_LS146.txt (Vintage Monday)
http://www.ams.usda.gov/mnreports/LN_LS141.txt (Vintage Tuesday)
Slaughter Steers: High Choice and Prime 3-4 1250-1695 lbs 128.00-133.00.
Choice 2-3 1170-1640 lbs 124.00-128.50. Select 2-3 1250-1650 lbs 118.00-
Slaughter Holsteins: High Choice and Prime 2-3 1375-1655 lbs 108.00-
112.00. Choice 2-3 1355-1700 lbs 102.00-107.00. Select 2-3 1130-1600 lbs
Slaughter Heifers: High Choice and Prime 3-4 1225-1550 lbs 125.00-130.50.
Choice 2-3 1110-1400 lbs 122.00-126.00. Select 2-3 1100-1350 lbs 115.00-
Percent Lean Avg. Dressing High Dressing Low Dressing
Premium White 65-75 74.00-79.50 80.00-88.50 70.00-74.00
Breakers 75-80 72.00-79.00 79.00-82.50 67.00-72.00
Boners 80-85 71.00-78.00 78.00-83.50 66.00-71.00
Lean 85-90 68.00-75.50 75.50-77.50 55.00-68.00
Slaughter Bulls: Yield Grade 1 920-1795 lbs 94.00-99.00, high dress
100.00-110.00, low dress 84.00-91.00.
Calf Summary: This week in Lancaster County, Holstein Bull calves sold
steady to firm with moderate demand. Heifers traded firm with good demand.
Veal Carcass values have been the limiting factor in calf prices as it has
trended lower the past few weeks. The Composite Veal Carcass Values for the
Northeast United States was quoted from 325.00-360.00/cwt this Thursday, with
a weighted average value of 337.25/cwt (Hide-Off). All prices per cwt.
For detailed veal market information refer to the link below:
http://www.ams.usda.gov/mnreports/lswveal.pdf (National Veal Summary)
Monday- Holstein Bull Calves: Number 1 85-120 lbs 105.00-117.00. Number 2
100-125 lbs 90.00-105.00; 85-95 lbs 85.00-100.00. Number 3 95-120 lbs 70.00-
85.00; 80-90 lbs 60.00-75.00. Utility 75-100 lbs 45.00-65.00; 60-70 lbs
35.00-40.00. Holstein Heifers: Number 1 80-110 lbs 110.00-150.00. Number 2
80-95 lbs 70.00-100.00. Utility/Non-Tubing 75-110 lbs 40.00-70.00; 60-75 lbs
Tuesday- Graded Holstein Bull Calves: Number 1 90-122 lbs 100.00-110.00; 85
lbs 97.00. Number 2 85-103 lbs 92.00-105.00. Number 3 109 lbs 62.00-70.00;
94-95 lbs 80.00-82.00; 73-83 lbs 40.00-60.00. Utility 92-106 lbs 40.00-50.00;
74-83 lbs 17.00-35.00. Graded Holstein Heifers: Number 1 104-113 lbs 180.00-
210.00; 93 lbs 177.00; 85 lbs 135.00. Number 2 91-103 lbs 150.00-167.00; 84
lbs 110.00; 73 lbs 60.00. Utility and Non-tubing 74-98 lbs 40.00-60.00.
Thursday- Graded Bull Calves: Number 1 106-128 lbs 107.00-110.00; 94-104 lbs
112.00-115.00; 90-92 lbs 102.00. Number 2 112-128 lbs 98.00-99.00; 80-110 lbs
100.00-107.00. Number 3 100-130 lbs 80.00; 90-98 lbs 90.00-103.00; 80-88 lbs
75.00-82.00; 72-78 lbs 40.00. Utility 90-110 lbs 30.00-40.00; 60-88 lbs
15.00-25.00. Holstein Heifer Calves: 85-115 lbs 125.00-175.00. Number 2 90-
105 lbs 60.00-120.00. Utility/Non tubing 60-70 lbs 15.00-30.00.
Dairy Report: (Receipts: 648)
Compared to last week, dairy cows sold firm with good demand. Good supply
of dairy heifers on offer for the monthly dairy heifer sale. Bred heifers
sold firm for the Supreme and Approved heifers offered with the Medium and
Common heifers slightly weaker with good demand. Wednesday's supply included
111 fresh milking cows, 35 short-bred cows, 27 springing cows, 144 short-bred
heifers, 197 springing heifers, 112 open heifers, and 22 bulls. One hundred
percent of reported supply Holsteins unless otherwise noted. All sales sold
on a per head basis.
Cull Cows: 650.00-1050.00
Springing Cows: (7-9 months bred)
Bred Cows: (4-6 months bred)
Short Bred Cows: (1-3 months)
Short Bred Heifers: (1-3 months):
Bred Heifers: (4-6 months):
Springing Heifers (7-9 months):
Bulls: 600-900 lbs 775.00-1000.00. 900-1200 lbs 1000.00-1200.00.
1200-1500 lbs 1100.00-1300.00.
Source: USDA Dept of Ag Market News, New Holland-Lancaster County, PA
Levi Geyer, OIC / Cell 717-406-7350
John Stacy, Market Reporter / Office 717-354-2391
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