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Texas Direct feeder cattle summary

The Texas Weekly Direct Feeder Cattle Summary, reported receipts of 15,200 head Sept. 28, compared to 19,100 head last week and 46,200 head last year, according to the USDA-Texas Department of Agriculture Market News Service, Amarillo, Texas.

Compared to last week current FOB feeder steers and heifers were mostly steady to 2.00 higher early in the week, with some weakness noted late in the week causing wider spreads in price ranges. Approximately 91% of this week's cattle weighed over 600 pounds. Approximately 43% of this week's weighted average receipts were steers and 57% heifers. Prices based on net weights FOB after a 3% shrink or equivalent and 5 to 10 cent slide on calves and 4 to 6 cent slide on yearlings from base weights. Current sales are up to 14 days delivery.

Steers: 6,100 head, 43%, Medium and large frame 1, FOB price, 565 lbs., 152.00; 690 lbs., 146.00; 750 to 800 lbs., 142.00 to 147.42; 800 to 850 lbs., 139.00 to 140.50; 855 lbs., 138.00. Future delivery, FOB price 600 to 700 lbs., 154.50 to 156.50 November to December; 750 to 800 lbs., 145.20 to 154.50 November to February; 800 to 850 lbs., 143.85 to 145.00 October to January; 925 lbs., 142.00 November. Delivered price, 700 to 800 lbs., 148.10 to 149.90 November to December; 800 to 900 lbs., 143.75 to 148.30 November to February. Medium and large frame 1 to 2, FOB price 675 lbs., calves 133.63; 700 to 800 lbs., 135.00 to 140.75; 900 lbs., 125.35. Delivered price 815 lbs., 141.00. Future delivery, delivered price 700 lbs., 152.40 December. Medium and large frame 2, FOB price, 780 lbs., 129.85.

Heifers: 8,100 head, 57%, Medium and large frame 1 FOB Price 600 to 700 lbs., 136.00 to 140.00; 700 to 725 lbs., 134.00 to 142.40. Delivered price 700 to 750 lbs., 135.00 to 142.00. Future delivery, FOB price 650 to 700 lbs., 142.80 to 148.00 November to December; 700 to 750 lbs., 139.90 to 144.30 November to February. Delivered price 600 to 700 lbs., 145.25 to 148.25 November to January; 700 to 800 lbs., 139.00 to 146.00 October to February. Medium and large frame 1 to 2, FOB price 675 lbs., calves 127.65. Future delivery, Delivered price 650 lbs., 146.50 November.

Date: 10/8/2012



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