AM_LS830 Amarillo, TX Tue December 02, 2008 USDA-TX Dept of Ag Market News Daily Livestock Summary CATTLE Direct Trade: Slaughter cattle trade in the Five Major Marketing Areas, Texas/Oklahoma; Kansas; Nebraska; Colorado; Iowa/Minnesota. Not enough sales for an adequate market trend. Steers: Live basis; (all Grades: 152) 87.00. Dressed Basis; (all Grades: 0 head). Heifers: Live Basis; (all Grades: 321) 88.00. Dressed Basis; (all Grades: none). Auction markets: United Producers, Inc. at Shelbyville, IL Tue Dec 02, 2008 Opening Report Compared to last week, slaughter steers and heifers are trading 1.50 higher. Slaughter Steers: Choice 2-3: 1100-1500 lbs 85.00-89.00. Select and Choice 2-3: 1100-1450 lbs 82.00-84.00. Slaughter Heifers: Choice 2-3: 1000-1450 lbs 85.00-90.00. Select and Choice 2- 3: 1000-1400 lbs 81.00-84.50. CATTLE Slaughter under Federal Inspection Tuesday (est) 126,000 Week ago (est) 128,000 Year ago (act) 131,000 Week to date (est) 246,000 Same Period Last Week (est) 257,000 Same Period Last Year (act) 261,000 USDA ESTIMATED BOXED BEEF CUT-OUT VALUES CHOICE SELECT 600-900 600-900 -------------------------------------------------------------------------------- Current Cutout Values: 151.41 140.66 Change from prior day: (0.38) (0.37) -------------------------------------------------------------------------------- Choice/Select spread: 10.75 Total Load Count (Cuts, Trimmings, Grinds): 204 ------------------------------------------------------------------------------- CME Futures Closes for LIVE CATTLE: Month Close Change Month Close Change Dec 84.35 - 1.10 Jun 82.50 - .62 Feb 84.95 - .77 Aug 82.47 - .37 Apr 86.52 - 1.02 Oct 85.40 - .50 Auction Markets: New Holland, PA Sales Stables Cattle and Calf Auction Report for Monday, December 01, 2008 Compared to last Monday's sale, slaughter cows sold 1.00 lower, with moderate demand. Slaughter Cows: Percent Lean Avg. Dressing High Dressing Low Dressing Premium White 65-75 50.00-52.00 ----------- ----------- Breakers 75-80 47.00-50.00 50.00-50.50 44.00-47.00 Boners 80-85 44.00-47.00 47.00-48.50 40.00-43.00 Lean 85-90 41.00-44.00 44.00-45.00 37.00-41.00 USDA ESTIMATE CUTTER COW CARCASS CUT-OUT VALUE Cutter 90% 350#/up -------------------------------------------------------------------------------- Current-Cutout Value: $102.53 Change from prior day: ($1.21) ------------------------------------------------------------------------------- Oklahoma National Stockyards, Oklahoma City, OK. Feeder Cattle Auction Narrative Report for 12/01/2008 Estimated Receipts: 7400 Last Week: 5256 Year Ago Monday: 13,524 Compared to last week: Feeder steers and steer calves steady to 2.00 lower. Feeder heifers and heifer calves steady to 2.00 higher, except 600-700 lbs steady to 1.00 lower. Feeder Steers Medium and Large 1: Calves: pkg 295 lbs 128.00; few 300-400 lbs 117.00-127.50; 400-450 lbs 108.50-117.00, fleshy 105.00-107.50; 450-500 lbs 106.50-114.50, fleshy 100.00-104.00; 500-550 lbs 102.00-110.50, lot value added 112.00, fleshy 97.50-100.00; 550-600 lbs 98.50-107.50, lot value added 104.50, fleshy 85.00-97.00; 600-700 lbs 85.00-93.75. Yearlings: 600-650 lbs 95.00- 102.50; 650-700 lbs 91.00-94.00, value added 99.00; 700-750 lbs 88.25-95.00, fleshy 87.75-88.00; 750-800 lbs 89.00-91.50, fleshy 86.00-88.00; 800-850 lbs 88.50-91.00; few 850-875 lbs 87.75-90.25; lot 910 lbs 87.25; 950-985 lbs 85.00- 87.50. Medium and Large 1-2: 500-550 lbs 99.00-105.00; 550-600 lbs 94.00-99.00; 600-700 lbs 88.00-94.50; 700-800 lbs 85.75-90.00. Feeder Heifers Medium and Large 1: Calves: lot 240 lbs 114.50; 350-400 lbs 93.00-104.00; 400-450 lbs 94.00-102.00; 450-500 lbs 87.50-96.00; 500-550 lbs 84.00-94.00; 550-600 lbs 84.00-88.75, fleshy 75.00-82.00; 600-650 lbs 76.00- 84.00; 650-700 lbs 73.00-83.00. Yearlings: 600-700 lbs 84.00-87.00; 700-800 lbs 82.00-87.50; 800-875 lbs 79.25-81.25. Medium and Large 1-2: 400-500 lbs 85.00-93.00; 500-600 lbs 85.00-87.00; 600-700 lbs 84.50-85.75. CME Future Closes for FEEDER CATTLE Month Close Change Month Close Change Jan 89.00 - .62 May 90.90 - .45 Mar 89.10 - .75 Aug 92.10 - .80 Apr 89.97 - .50 Sep 93.10 - 1.20 HOGS Direct Trade: The direct trade prices are based on 185 lbs hog carcass with 0.9-1.1 inch back fat and 6 inch square loin/2.0 inch depth plant delivered. National direct trade barrows and gilts were .26 higher with prices ranging from 43.25-56.76, weighted average price 54.43. Iowa-Minnesota was .18 lower at 47.00-56.76, weighted average price 54.63. Western Cornbelt sold .02 lower at 47.00- 56.76, weighted average price 54.79 and the Eastern Cornbelt was .99 higher at 43.25-55.41, weighted average price 53.98. Live Basis (240-280 lbs): National direct trade barrows and gilts 1.90 lower with prices ranging 33.52-43.00, weighted average price 40.72. Iowa- Minnesota 1.65 lower with a price range 34.57-43.00, weighted average price 41.28. Western Cornbelt 1.74 lower with prices ranging 34.57-43.00, weighted average price 41.06. Eastern Cornbelt .29 lower with a price range 33.52- 42.51, weighted average price 39.87. USDA ESTIMATED PORK CARCASS CUTOUT Calculations for a 200 lb Pork Carcass 53-54% lean, 0.65"-0.80" backfat at last rib -------------------------------------------------------------- Total Today's Primal Cutout Values Date Loads Carcass Loin Butt Pic Rib Ham Belly ----------------------------------------------------------------------- 12/02 121.0 59.64 71.52 68.93 32.67 86.81 53.17 74.69 Change : 0.21 -0.56 0.73 -3.10 0.39 2.29 unc ----------------------------------------------------------------------- HOG Slaughter under Federal Inspection Tuesday (est) 433,000 Week ago (est) 439,000 Year ago (act) 426,000 Week to date (est) 867,000 Same Period Last Week (est) 872,000 Same Period Last Year (act) 856,000 CME Futures Closes for LEAN HOGS: Month Close Change Month Close Change Dec 58.37 - .35 May 80.20 - .42 Feb 65.47 + .12 Jun 82.10 + .05 Apr 72.15 - .25 Jul 81.42 + .02 SHEEP Auction Markets: New Holland Sheep and Goat Summary Report Monday, Dec 01, 2008 Sheep/Lamb Receipts: 3758 Last week: 2089 Year ago: 2475 Compared to last Monday, slaughter lambs sold 4.00 to 10.00 higher. Slaughter Lambs: Wooled & Shorn Choice and Prime 2-3 50-60 lbs 156.00- 164.00; 60-70 lbs 150.00-156.00; 70-80 lbs 140.00-152.00; 80-90 lbs 138.00- 148.00; 90-110 lbs 137.00-144.00; 110-130 lbs 126.00-138.00; 130-160 lbs 116.00. Choice 1-3 50-60 lbs 150.00-156.00; 60-70 lbs 132.00-150.00; 70-80 lbs 128.00- 138.00; 80-90 lbs 130.00-132.00; 90-110 lbs 124.00-136.00; 110-130 lbs 114.00- 122.00. Good and Choice 1-3 40-50 lbs 130.00-145.00; 50-60 lbs 122.00-133.00; 60-70 lbs 118.00-128.00; 80-90 lbs 110.00-118.00; 90-110 lbs 110.00-124.00; 110- 130 lbs 104.00-118.00; 130-150 lbs 100.00. Good 1-2 40-50 lbs 110.00-118.00; 50-60 lbs 106.00-112.00; 60-70 lbs 94.00-102.00. NATIONAL DAILY LAMB CARCASS REPORT DAILY CHOICE AND PRIME, YG 1-4 Head 1,598 Weight Head Wt Avg 45-DN 84 261.20 45-55# 49 248.29 55-65# 88 228.48 65-75# 410 219.09 75-85# 691 215.88 85-UP 276 213.45 SHEEP Slaughter under Federal Inspection Tuesday (est) 10,000 Week ago (est) 10,000 Year ago (act) 10,000 Week to date (est) 20,000 Same Period Last Week (est) 21,000 Same Period Last Year (act) 20,000 GOATS Auction Markets: New Holland, PA Goat Auction on Monday: Slaughter Goats: Compared to last Monday, slaughter kids sold 10.00 to 20.00 higher. All goats are sold by the head, on estimated weights. Slaughter Kids: Selection 1 30-40 lbs 62.00-82.00; 40-50 lbs 70.00-100.00; 50-60 lbs 94.00-110.00; 60-70 lbs 110.00-130.00, fancy 148.00. Selection 2 30- 40 lbs 42.00-60.00; 40-50 lbs 60.00-80.00; 50-60 lbs 76.00-94.00; 60-70 lbs 92.00-110.00. Selection 3 30-40 lbs 32.00-46.00; 40-50 lbs 46.00-60.00; 50-60 lbs 60.00-76.00; 60-70 lbs 68.00-84.00. Source: USDA-TX Dept of Ag Market News, Amarillo, TX 806/372-6361 - email: amarillo.lgmn@usda.gov www.ams.usda.gov/mnreports/am_ls830.txt 1545c cs .