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Livestock report from the Oklahoma City Stockyards

Livestock report from the Oklahoma City Stockyards:

Oklahoma Weekly Cattle Auction Summary Livestock Weighted Average Report for the week of 02/03-07/2020

Receipts: 19,122; Last reported: 28,906; Last year: 35,067

Compared to last week: Combined weighted average for seven feeder auctions: Ada, Apache, McAlester, Oklahoma City, OKC West, Tulsa, and Woodward. Feeder steers sold mostly steady to $3 lower on a light test. Feeder heifers steady to $5 lower. Steer calves steady to $10 higher and heifer calves steady to $5 higher. Demand was moderate to good for feeder cattle. Demand good for calves and lighter cattle intended for grazing grass pastures. Cattle movement was hindered this week as most of the state received several inches of snow. Many sale barns experienced light numbers. Slaughter cows steady to $2 higher on a light test. Slaughter bulls steady to $1 higher. Demand was moderate to good for slaughter cows and bulls. Supply included: 94% Feeder Cattle (0% -, 57% Steers, 0% Dairy Steers, 39% Heifers, 4% Bulls); 4% Slaughter Cattle (87% Cows, 13% Bulls); 2% Replacement Cattle (78% Bred Cows, 15% Bred Heifers, 6% Cow-Calf Pairs). Feeder cattle supply over 600 lbs. was 49%.

Steers: Medium and Large No. 1: (weighted average): 273 lbs. $200; 328 lbs. $198.88; 383 lbs. $197.56; 429 lbs. $187.40; 473 lbs. $185.64; 524 lbs. $170.78; 573 lbs. $162.27; 676 lbs. $138.38; 721 lbs. $131.27; Yearlings: 628 lbs. $150.17; 669 lbs. $144.24; 723 lbs. $138.74; 771 lbs. $137.61; 824 lbs. $135.62; 863 lbs. $131.11; 931 lbs. $128.68; 980 lbs. $128.85; 1,037 lbs. $123.27; 1,136 lbs. $117.

Heifers: Medium and Large No. 1: (weighted average): 281 lbs. $170.16; 324 lbs. $160.77; 377 lbs. $156.93; 425 lbs. $156.80; 474 lbs. $151.55; 525 lbs. $144.59; 576 lbs. $136.90; 642 lbs. $124.70; Yearlings: 627 lbs. $131.10; 676 lbs. $128.47; 720 lbs. $125.53; 773 lbs. $126.26; 814 lbs. $123.78; 873 lbs. $120.18; 916 lbs. $119.18; 980 lbs. $115.06.

Slaughter Cows: Average dressing Boners, Breakers and Lean cows $49-$65.50.

Slaughter Bulls: Average dressing $76-$92.

SLAUGHTER CATTLE

Live cattle in the Southern Plains sold $1 lower and too lightly tested in Nebraska. Cattle on a dressed basis in Nebraska sold $1-$2 lower on limited sales this week. Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled 4671389,958 head. Last week's total head count was 79,958 head.

Midwest Direct Markets: Nebraska

Live Basis: Steers and Heifers: few $123.

Dressed Basis: Steers and Heifers: $193-$194.

South Plains Direct Markets: Kansas and Texas

Live Basis: Steers and Heifers: $121.

CATTLE FUTURES

Live Cattle: Feb. $121.32; April $119.80; June $111.27; Aug. $109.87.

Feeder Cattle: March $135.20; April $137.50; May $139.57; Aug. $147.87.

CATTLE SLAUGHTER

Federally Inspected Cattle: 631,000 head down 0.6 percent from a year ago. Western Cornbelt Direct Lean Hog Base Price: Weighted average price of packers bids on a carcass basis delivered to packing plants as of Friday $54.59.

HOG FUTURES

Dressed Basis: (74% yield): Feb. $57.10; April $66.25; May $74.85; June $81.55.

HOG SLAUGHTER

Federally Inspected Hogs: 2.691 million head up 3.0 percent from a year ago.

SHEEP SLAUGHTER

Federally Inspected Sheep: 39,000 head down 3.5 percent from a year ago.

SHEEP AND GOAT

Receipts: 570; Last sale Jan. 16, 2020: 398

Compared to the last sale Jan. 16, 2020: Winter storm that pushed thru the state earlier in the week limited livestock movement. Not enough of any one class to test the market. Demand good for limited receipts. The next sale will be on Thursday February 20, 2020. Supply included: 30% Slaughter Sheep/Lambs (81% Wooled & Shorn, 10% Hair Breeds, 10% Ewes); 7% Feeder Goats (100% Kids); 58% Slaughter Goats (89% Kids, 10% Nannies/Does, 1% Bucks/Billies); 5% Replacement Goats (100% Nannies/Does).

Slaughter Lambs Wooled & Shorn: Choice Nos. 2-3: 60-85 lbs. $216-$235; 135-170 lbs. $138-$165. Hair Breeds: Choice Nos. 2-3: 45-65 lbs. $222.50- $234; 100-150 lbs. $124-$180.

Slaughter Ewes: Choice Nos. 3-4: 100-200 lbs. $81-$95; 225-250 lbs. $95-$100; Good Nos. 2-3: 140 lbs. $59.

Slaughter Bucks: Not established.

Feeder Kid Goats: Selection No. 1: 35-40 lbs. $241-$247; 40-45 lbs. $221-$251; Selection Nos. 1-2 35-40 lbs. $207-$211; Selection No. 2: 35 lbs. $185.

Slaughter Kids: Selection No. 1: 50-60 lbs. $245-$310; 60-65 lbs. $290-$301; 70-85 lbs. $221-$245; 95 lbs. $195; Selection Nos. 1-2: 50-75 lbs. $201-$230; Selection No. 2 50-55 lbs. $175-$185; 65-70 lbs. $162-$174.

Slaughter Nannies/Does: Selection No. 1: 80-95 lbs. $131-$162.50; 100-130 lbs. $140-$154; Selection No. 2: 85-145 lbs. $115-$127.50; Selection No. 3: 70-95 lbs. $91-$110; 100-130 lbs. $81-$104.

Slaughter Bucks/Billies: Selection No. 1: 110-120 lbs. $145-$165; 160 lbs. $177.

Replacement Nannies: (sold by the Head) Selection No. 1: 95-100 lbs. $140-$145; 100-135 lbs. $140-$205; Selection No. 2: 90-95 lbs. $127.50-$130.

BOXED BEEF

Estimated Composite Boxed Beef Cutout Values: Friday Box beef cut-out values: down $4.82 from last Friday. Choice 600-900 lbs. $210.12; Select 600-900 lbs. $203.89.

MEAT PRODUCTION

Beef: 520.3 million lbs. up 2.0 percent from a year ago.

Pork: 582.2 million lbs. down 6.7 percent from a year ago.

Lamb: 2.6 million lbs. unchanged from a year ago.

CATTLE CARCASS WEIGHTS

National Average: This week estimate: 827 lbs.; Last week estimate 828 lbs.; Last year's actual 818 lbs.

SOURCE: USDA-OKLAHOMA AGRICULTURE DEPARTMENT MARKET NEWS SERVICE

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