Plains Edition USDA Information 3-17-12 | TheFencePost.com

Plains Edition USDA Information 3-17-12

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 9, 2012

Slaughter cattle traded 3.00 lower. Feed yards had moderate interest in selling cattle early in the week as cattle future posted two days of sharp declines. Beef prices also weakened thru the week. Cash trades in Texas continue on a limited basis. Boxed beef prices Friday morning averaged 194.77 down 1.17 from last Friday. The Choice/Select spread is at 2.11. Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled about 96,900 head. Last week’s total head count was 162,987.

Midwest Direct Markets:

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Live Basis: Steers and Heifers 35-80 Percent Choice

1200-1400 lbs: 127.00

Dressed Basis: Steers and Heifers: 202.00

South Plains Direct Markets:

Live Basis: Steers and Heifers 35-65 percent Choice

1100-1400 lbs: 1127.00

Slaughter Cows and Bulls (Average Yielding Prices):

Slaughter cows and bulls steady to 2.00 lower. USDA’s Cutter cow carcass cut-out value Friday morning was 171.68 up 1.16 from last Friday.

Prices paid for average dressing:

%Lean Weight Colorado Oklahoma

Breakers 75-80% 1000-1600 85.00-88.50 89.00-91.50

Boners 80-85% 1000-1600 84.50-88.00 88.00-92.50

Lean 85-90% 1000-1400 81.50-85.00 86.00-89.00

Bulls 88-92% 1200-2300 94.00-98.00 106.50-109.00

Omaha afternoon wheat, corn, oats & soybeans

Monday, March 15, 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. Thursday, March 15, 2012.

US No. 1 Hard Red Winter Wheat 6.14-6.85

US No. 2 Yellow Corn 6.41-6.62

US No 1 Yellow Soybeans 12.61-13.26

March 2012 Monthly Prices:

Low High Average

US No. 1 Winter Wheat 6.14 6.85 6.50

US No. 2 Yellow Corn 6.41 6.62 6.51

US No. 1 Yellow Soybeans 12.61 13.26 12.95