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USDA - AMS: WY, West Nebraska and West Dakotas Direct Feeder Cattle WTD Average (2019-05-10)

USDA U.S. Department of Agriculture - May 10, 2019

Kearney, NE     Fri May 10, 2019   USDA-NE Dept of Ag Market News
Wyoming and Nebraska Direct Feeder Cattle Summary

Feeder Cattle Weighted Average Report for 05/10/2019

Receipts: 400    Week Ago: 205    Year Ago: 180 

   Not enough comparable cattle for a market comparison. Demand and selling 
interest was light. As the CME cattle pits continue to struggle in gaining 
ground this week, many buyers are scratching their heads trying to figure 
out where they can procure cattle to make it in the black when they close a 
pen out. Wet and cool weather has continued to delay corn planting across 
Nebraska. Per NASS week ending May 5th corn planting in Nebraska was 35 % 
complete compared to 38% last year and 47 % for the 5 year average. In 
Wyoming barley planted 88 percent compared to 81 percent last year, with 58 
percent emerged compared to 53 last year. Sugar beets planted at 65 percent 
compared to 51 percent last year and corn plantings at 11 percent compared 
to 33 percent last year. Feedlot trade occurred mostly on Wednesday with 
live sales dropping 3.00 to 4.00 lower from 120.00-121.00 and dressed sales 
4.00 to 6.00 lower from 189.00 to 194.00. Some of the lower prices on the 
dressed trades are for 15-30 day shipment. Direct prices are current FOB 
with a 2-3 percent shrink or equivalent, with a 10-25 cent slide on calves 
and 8-10 cent slide on feeders from base weight. Delivered prices include 
freight, commissions and other expenses. Current sales are up to 14 days 
delivery. Receipts comprised of 100 percent heifers with 100 percent over 
600 lbs. 

                 Feeder Heifers Medium and Large 1
 Head   Wt Range   Avg Wt    Price Range   Avg Price  Delivery
  400      775       775       128.50         128.50   Current FOB  


Source:  NE Dept of Ag - USDA Market News Service, Kearney NE
         Thomas Walthers, OIC 308-390-5399
         24 Hour Market Report 307-532-7200

1105c tlw

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