Plains Edition USDA Information 3-10-12 | TheFencePost.com

Plains Edition USDA Information 3-10-12

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 31, 2012, issue.

National Slaughter Cattle Summary

Week Ending March 2, 2012

Slaughter cattle trading 1.00-3.00 higher. Dressed trades in Nebraska 5.00-6.00 higher. Short bought packers increased their bids as live cattle futures moved to the next month where contracts are trading at 130.00 or better. Though feed yards many feed yards are doing business at these higher levels, others still holding out for more. Boxed beef prices Friday morning averaged 196.27 up .86 from last Friday. The Choice/Select spread is at 3.12. Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled about 92,950 head. Last week’s total head count was 103,847.

Midwest Direct Markets:

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Live Basis: Steers and Heifers 35-80 Percent Choice

1200-1400 lbs: 130.00-130.50

Dressed Basis: Steers and Heifers: 205.00-206.00

South Plains Direct Markets:

Live Basis: Steers and Heifers 35-65 percent Choice

1100-1400 lbs: 130.00

Slaughter Cows and Bulls (Average Yielding Prices):

Slaughter cows steady to 3.00 lower. Slaughter bulls steady to 2.00 higher. USDA’s Cutter cow carcass cut-out value Friday morning was 170.61 up 1.41 from last Friday.

Prices paid for average dressing:

%Lean Weight Colorado Oklahoma

Breakers 75-80% 1000-1600 85.00-88.50 88.50-92.00

Boners 80-85% 1000-1600 84.00-88.00 89.50-93.50

Lean 85-90% 1000-1400 81.00-84.50 88.00-90.50

Bulls 88-92% 1200-2300 95.00-99.00 107.00-110.00

Omaha afternoon wheat, corn, oats & soybeans

Monday, March 7, 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. Wednesday, March 07, 2012

US No. 1 Hard Red Winter Wheat 5.88-6.57

US No. 2 Yellow Corn 6.11-6.32

US No 1 Yellow Soybeans 12.19-12.81

November 2011 Monthly Prices:

Low High Average

US No. 1 Winter Wheat 5.88 6.57 6.28

US No. 2 Yellow Corn 6.11 6.32 6.20

US No. 1 Yellow Soybeans 12.19 12.81 12.52