Plains Edition USDA Information for 3-24-12 | TheFencePost.com

Plains Edition USDA Information for 3-24-12

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 16, 2012

Slaughter cattle sold steady to 1.00 lower. A bearish undertone forced feed yards to take less money. Beef prices and cattle futures on the decline for the week. Beef exports also slowed and showed its first decrease in January since 2009. Declining numbers has led to higher beef prices. This has caused our neighbors overseas to look for a cheaper source of protein. Boxed beef prices Friday morning averaged 188.93 down 4.67 from last Friday. The Choice/Select spread is at 1.98. Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled about 107,700 head. Last week’s total head count was 99,327.

Midwest Direct Markets:

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Live Basis: Steers and Heifers 35-80 Percent Choice

1200-1400 lbs: 126.00-127.00

Dressed Basis: Steers and Heifers: 202.00

South Plains Direct Markets:

Live Basis: Steers and Heifers 35-65 percent Choice

1100-1400 lbs: 126.00

Slaughter Cows and Bulls (Average Yielding Prices):

Slaughter cows and bulls mostly steady, instance of 2.00 lower in the southeast. USDA’s Cutter cow carcass cut-out value Friday morning was 170.89 down .28 from last Friday.

Prices paid for average dressing:

%Lean Weight Colorado Oklahoma

Breakers 75-80% 1000-1600 85.50-89.00 87.00-91.50

Boners 80-85% 1000-1600 84.50-88.00 89.00-90.00

Lean 85-90% 1000-1400 83.50-87.00 85.00-89.50

Bulls 88-92% 1200-2300 97.00-101.00 104.50-109.00

Omaha afternoon wheat, corn, oats & soybeans

Monday, March 21, 2012

Nebraska Rural Elevators: 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 21, 2012.

US No. 1 Hard Red Winter Wheat 5.85-6.55

US No. 2 Yellow Corn 6.14-6.35

US No 1 Yellow Soybeans 12.47-13.12

March 2012 Monthly Prices:

Low High Average

US No. 1 Winter Wheat 5.85 6.55 6.21

US No. 2 Yellow Corn 6.14 6.35 6.23

US No. 1 Yellow Soybeans 12.47 13.12 12.83