The Texas Weekly Direct Feeder Cattle Summary, reported receipts of 9,200 head Dec. 28, compared to 36,100 head last week and 11,9000 head last year, according to the USDA to Texas Department of Agriculture Market News Service, Amarillo, Texas.
Compared to last week, current feeder steers and heifers were mostly steady to firm, instances $3 higher on a light holiday week trade. Approximately 92% of this week's cattle weighed over 600 pounds. Approximately 56% of this week's weighted average receipts were steers and 44% 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: 4,000 head, 56%, Medium and large frame 1, FOB price, 700 to 800 lbs., 148.00 to 150.57; 800 to 825 lbs., 143.65 to 148.10. Delivered price 650 lbs., 157.30; 775 lbs., 152.00. Medium and large frame 1 to 2, FOB price. 600 to 700 lbs., 143.45 to 148.90; 700 lbs., 145.85. Delivered price, 625 lbs., 143.00; 750 to 800 lbs., 142.50 to 147.00. Future delivery, FOB price, 750 lbs., 157.70 April to May. Delivered price, 600 to 700 lbs., 160.00 to 161.80 March to May; 750 lbs., 156.90 April.
Heifers: 3,200 head, 44%, Medium and large frame 1, FOB price, 650 lbs., 138.85; 725 lbs., 144.10. Delivered price 695 lbs., 144.00; 750 lbs., 142.00. Future delivery, FOB price, 650 lbs., 151.30 March; 700 to 800 lbs., 147.00 to 153.20 March to June. Delivered price, 600 lbs., 153.85 to 154.50 March; 700 to 750 lbs., 147.65 to 153.25 March to May. Medium and large frame 1 to 2, FOB Price 600 to 700 lbs., 135.00 to 139.00. Delivered price, 600 to 700 lbs., 140.50 to 146.00. Future delivery, delivered price, 650 lbs., 154.80 May; 725 lbs., 150.90 April.
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