Plains Edition USDA Information 2-11-12 |

Plains Edition USDA Information 2-11-12


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 3, 2012

Slaughter cattle steady to 1.00 lower with dressed sales in Nebraska 2.00 lower. Packer demand moderate. Packers efforts to improve beef prices by reducing kills remained unsuccessful for the most part. Live cattle futures still strong despite the bearish tone on the meat side making it difficult for packers to negotiate down to a much lower bid. Boxed beef prices Friday morning averaged 180.63 down 1.04 from last Friday. The Choice/Select spread is at 4.98. Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled about 42,500 head. Last week’s total head count was 71,932.

Midwest Direct Markets:

Live Basis: Steers and Heifers 35-80 Percent Choice

1200-1400 lbs: 124.00

Dressed Basis: Steers and Heifers: 198.00

South Plains Direct Markets:

Live Basis: Steers and Heifers 35-65 percent Choice

1100-1400 lbs: 123.00

Slaughter Cows and Bulls (Average Yielding Prices):

Slaughter cows and bulls mostly 2.00-5.00 higher. USDA’s Cutter cow carcass cut-out value Friday morning was 161.65 up 1.32 from last Friday.

Prices paid for average dressing:

%Lean Weight Colorado Oklahoma

Breakers 75-80% 1000-1600 81.50-85.00 83.00-87.00

Boners 80-85% 1000-1600 ——— 84.00-85.50

Lean 85-90% 1000-1400 74.00-77.50 77.50-82.50

Bulls 88-92% 1200-2300 84.00-88.00 96.50-100.00

Omaha afternoon wheat, corn, oats & soybeans

Monday, January 18, 2012

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

US No. 1 Hard Red Winter Wheat 6.20-6.90

US No. 2 Yellow Corn 6.20-6.38

US No 1 Yellow Soybeans 11.29-12.02

November 2011 Monthly Prices:

Low High Average

US No. 1 Winter Wheat 6.20 6.90 6.10

US No. 2 Yellow Corn 6.23 6.38 6.28

US No. 1 Yellow Soybeans 11.29 12.02 10.75

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