New Holland, PA Fri Sep 27, 2013 USDA- Ag Market News
Lancaster Weekly Cattle Summary for week ending Friday, September 27, 2013
This Week: 2313 1808
Last Week: 2528 1935
Last Year: 2810 1882
This week in Lancaster County, slaughter steers sold steady to weak with
moderate demand. Kosher trade was fully active this week after a slow down
for the Yom Kippur holiday. Conventional beef processors were not as
aggressive in response to profit margins narrowing, and at times, cross into
negative territory. The box beef market continues to hold in the lower 190s,
while the live cattle trade slowly pushes higher due to light supplies. Last
Friday's USDA Cattle on Feed Report found total cattle on feed numbers 7.2%
less than a year ago, with August placements down nearly 11%. This is the
second straight month of significantly lower placements by over 10%. Numbers
came in on the low end of analyst expectations and has added plenty of
bullish support to both Live Cattle and Feeder Cattle futures. In addition
the USDA cold storage report released Monday revealed a 6.2% decline in beef
inventories for August compared to the previous month, which is a faster rate
of decline than what is typical for this time of year. Beef inventories
continue to be limited by historically fewer imports from New Zealand and
Australia. Meanwhile, domestic supplies of slaughter cows tend to pick up
this time of year as producers cull herds before moving into the winter, but
with improved pasture and a smaller and more youthful herd, culling rates are
showing up to be less than a year ago. All factors considered there is plenty
of support for the cattle and beef complex moving forward. Despite October
having a seasonal track record for being a weak demand month, cattle and beef
markets are holding up well and futures are all pointing higher. Thursday's
CME close for Live cattle are as follows: Oct 127.70/cwt; December
131.575/cwt; April 134.30/cwt. For Feeder Cattle: October 164.375/cwt;
November 165.15/cwt; March 162.875/cwt. 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 1240-1590 lbs 124.00-127.50.
Choice 2-3 1145-1620 lbs 121.00-125.50. Select 2-3 1130-1430 lbs 117.00-
Slaughter Holsteins: High Choice and Prime 2-3 1325-1600 lbs 106.00-
110.00. Choice 2-3 1130-1635 lbs 101.00-106.00. Select 2-3 1230-1455 lbs
Slaughter Heifers: High Choice and Prime 2-3 1210-1475 lbs 119.50-120.00.
Choice 2-3 1090-1475 lbs 117.00-119.50.
Percent Lean Avg. Dressing High Dressing Low Dressing
Premium White 65-75 74.00-84.00 84.00-86.50 -----------
Breakers 75-80 72.00-81.00 81.00-83.50 65.00-72.00
Boners 80-85 71.00-76.50 76.50-82.00 63.00-71.00
Lean 85-90 66.00-73.00 73.00-76.00 58.00-66.00
Slaughter Bulls: Yield Grade 1 875-2035 lbs 93.00-98.50, high dress
19.00-111.00, very high dress 114.00-123.50, low dress 83.00-93.00.
Calf Summary: This week in Lancaster County, Holstein Bull calves sold in
a mixed trade, trending steady to 5.00 lower on Monday, 5.00-10.00 higher
mid-week, before turning 10.00-30.00 lower late in the week. Demand was good
early in the week, but tapered off late in the week. Heifers sold firm with
moderate demand. The Composite Veal Carcass Values for the Northeast United
States was quoted from 335.00-362.00/cwt this week, with a weighted average
value of 346.86/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 95-125 lbs 135.00-150.00; 90 lbs
100.00-120.00. Number 2 95-120 lbs 110.00-130.00; 80-95 lbs 70.00-90.00.
Number 3 75-120 lbs 45.00-80.00. Utility 70-105 lbs 20.00-50.00; 55-65 lbs
11.00-20.00. Holstein Heifers: Number 1 85-110 lbs 80.00-100.00. Number 2
75-95 lbs 50.00-80.00. Crossbreds 70-100 lbs 80.00-100.00. Non-Tubing/Utility
70-95 lbs 22.00-47.00.
Tuesday- Graded Holstein Bull Calves: Number 1 90-121 lbs 120.00-140.00.
Number 2 95-113 lbs 127.00-137.00; 90 lbs 107.00-112.00; 83 lbs 90.00.
Number 3 93-106 lbs 90.00-96.00; 83-84 lbs 60.00; 73 lbs 27.00. Utility 73-
105 lbs 17.00-36.00. Graded Holstein Heifers: Number 1 93-112 lbs 127.00-
137.00; 85 lbs 100.00. Number 2 93 lbs 125.00; 83 lbs 70.00. Utility/Non
tubing 100 lbs 50.00; 63-72 lbs 15.00-17.00.
Thursday- Graded Bull Calves: Number 1 114-128 lbs 100.00-115.00; 94-112 lbs
120.00-141.00; 90-92 lbs 107.00. Number 2 120-128 lbs 105.00; 94-118 lbs
115.00-123.00; 88-92 lbs 97.00; 80-86 lbs 50.00. Number 3 90-130 lbs 50.00-
60.00; 72-88 lbs 25.00-35.00. Utility 60-110 lbs 14.00-30.00. Holstein Heifer
Calves: Number 1 90-120 lbs 90.00-120.00. Number 2 70-105 lbs 60.00-80.00.
Utility/Non tubing 65-90 lbs 11.00-35.00.
Dairy Report: (Receipts: 181)
Compared to last week, dairy cows sold steady to firm on a light test.
Heifers sold firm with good demand. Wednesday's supply included 61 fresh
milking cows, 9 short-bred cows, 13 springing cows, 11 short-bred heifers, 28
springing heifers, 42 open heifers, and 17 bulls. One hundred percent of
reported supply Holsteins unless otherwise noted. All sales sold on a per
Short Bred Cows: (1-3 months):
Springing Cows: (7-9 months):
Approved: few 1700.00
Cull Cows: 700.00-900.00
Short Bred Heifers: (1-3 months):
Bred Heifers: (4-6 months):
Springing Heifers (7-9 months):
Bulls: 900-1200 lbs 1050.00-1250.00; 1200-1500 lbs 1225.00-1275.00.
Source: USDA 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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