Plains Edition USDA 2-18-12 | TheFencePost.com

Plains Edition USDA 2-18-12

NEBRASKA CROPS/WEATHER SUMMARY

The crops and weather reports will be issued once a month until early spring when weekly reports wil resume. The next report will appear in the March 3, 2012, issue.

National Slaughter Cattle Summary

Week Ending Febuary 10, 2012

Slaughter cattle selling 1.00 higher in Texas, but traded steady in Kansas. Live trades in Nebraska steady to .50 lower, dressed sales steady to 1.00 lower. Most commodity futures lower today following a lower financial market. Beef prices rebounded some this week in response to a lower kill. Boxed beef prices Friday morning averaged 184.12 up 3.52 from last Friday. The Choice/Select spread is at 4.58. Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled about 88,200 head. Last week’s total head count was 132,371.

Midwest Direct Markets:

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Live Basis: Steers and Heifers 35-80 Percent Choice

1200-1400 lbs: 123.00-123.50

Dressed Basis: Steers and Heifers: 197.00-198.50

South Plains Direct Markets:

Live Basis: Steers and Heifers 35-65 percent Choice

1100-1400 lbs: 123.00-124.00

Slaughter Cows and Bulls (Average Yielding Prices):

Slaughter cows and bulls 1.00-3.00 higher. USDA’s Cutter cow carcass cut-out value Friday morning was 165.76 up 4.54 from last Friday.

Prices paid for average dressing:

%Lean Weight Colorado Oklahoma

Breakers 75-80% 1000-1600 84.00-87.50 87.00-89.50

Boners 80-85% 1000-1600 83.50-87.00 85.00-88.50

Lean 85-90% 1000-1400 76.00-79.50 79.00-83.50

Bulls 88-92% 1200-2300 93.00-95.00 97.50-101.00

Omaha afternoon wheat, corn, oats & soybeans

Monday, Febuary 16, 2012

Omaha-Council Bluffs Grain: Prices bid or paid per bushel, except grain Sorghum per CWT., at rural Nebraska elevators as of 2:00 P.M. Thursday, February 16, 2012

US No. 1 Hard Red Winter Wheat 5.93-6.63

US No. 2 Yellow Corn 6.09-6.31

US No 1 Yellow Soybeans 11.56-12.23

November 2011 Monthly Prices:

Low High Average

US No. 1 Winter Wheat 5.93 6.63 6.31

US No. 2 Yellow Corn 6.09 6.31 6.21

US No. 1 Yellow Soybeans 11.56 12.23 11.89