Plains Edition USDA Information 2-25-12 | TheFencePost.com

Plains Edition USDA Information 2-25-12

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 17, 2012

Slaughter cattle trading sharply higher. Sales in Texas and Kansas 4.00-5.00 higher with dressed sales in Nebraska 6.00 higher. Limited supplies the driving force as slaughter cattle far out selling the average reported Boxed Beef price by as much as 15.00/cwt. Slaughter rates up some from the previous week, however still down by about 6 percent from a year ago. Boxed beef prices Friday morning averaged 187.82 up 3.56 from last Friday. The Choice/Select spread is at 4.79. Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled about 107,000 head. Last week’s total head count was 134,386.

Midwest Direct Markets:

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Live Basis: Steers and Heifers 35-80 Percent Choice

1200-1400 lbs: 128.00-128.50

Dressed Basis: Steers and Heifers: 203.00

South Plains Direct Markets:

Live Basis: Steers and Heifers 35-65 percent Choice

1100-1400 lbs: 128.00-129.50

Slaughter Cows and Bulls (Average Yielding Prices):

Slaughter cows 3.00-5.00 higher, sales in the southeast holding mostly steady. Slaughter bulls steady to 3.00 higher. USDA’s Cutter cow carcass cut-out value Friday morning was 165.57 up 1.49 from last Friday.

Prices paid for average dressing:

%Lean Weight Colorado Oklahoma

Breakers 75-80% 1000-1600 85.00-88.75 89.25-94.50

Boners 80-85% 1000-1600 84.50-88.00 89.00-91.50

Lean 85-90% 1000-1400 80.00-83.50 85.00-89.00

Bulls 88-92% 1200-2300 98.00-101.00 98.00-103.50

Omaha afternoon wheat, corn, oats & soybeans

Febuary 23, 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 23, 2012

US No. 1 Hard Red Winter Wheat 5.90-6.60

US No. 2 Yellow Corn 6.13-6.35

US No 1 Yellow Soybeans 11.75-12.40

February 2012 Monthly Prices:

Low High Average

US No. 1 Winter Wheat 5.90 6.60 6.30

US No. 2 Yellow Corn 6.13 6.35 6.24

US No. 1 Yellow Soybeans 11.75 12.40 12.09