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Texas Direct feeder cattle summary

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The Texas Weekly Direct Feeder Cattle Summary, Amarillo, Texas, reported receipts of 8,100 head May 10, compared to 37,500 head last week and 25,600 head last year, according to the USDA-Texas Department of Agriculture Market News Service, Amarillo, Texas.

Compared to last week, the current FOB feeder steers and heifers were $3 to $7 lower. Bids were lowered progressively all week, which brought trading activity to a standstill as sellers passed the dramatically lower bids late in the week. Approximately 98% of this week’s cattle weighed over 600 pounds. Approximately 66% of this week’s weighted average receipts were steers and 34% 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: 5,400 head, 66%, Medium and large frame 1 FOB price 675 lbs., 140.00; 750 to 800 lbs., 136.21 to 138.00; 800 to 850 lbs., 125.50 to 133.50; 850 to 875 lbs., 120.00 to 126.50; 950 lbs., 124.00. Future delivery, FOB price 535 lbs., 160.00 June; 725 lbs., 144.15 June; 825 lbs., 132.25 June. Medium and large frame 1 to 2, FOB price, 750 to 800 lbs., 123.10 to 133.90; 825 lbs., 125.85; 850 lbs., 125.45. Delivered price, 850 lbs., 129.00. Future delivery, FOB price, 700 to 800 lbs., 135.25 to 135.80 May to June; 800 to 825 lbs., 129.50 June. Medium and large frame 2, Delivered price, 775 lbs., 126.50.

Heifers: 2,700 head, 34%, Medium and large frame 1, FOB price, 700 to 800 lbs., 125.50 to 130.00. Future delivery, FOB price, 500 lbs., 148.00 June. Medium and large frame 1 to 2, Delivered price, 690 lbs., 125.25; 700 to 800 lbs., 123.00 to 126.15. Future delivery, FOB price 650 to 700 lbs., 138.65 June.

Date: 5/20/2013



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