LIVESTOCK
Friday’s extended Livestock report from the Oklahoma City Stockyards: Oklahoma Combined Weekly Auction Summary. Feeder Cattle Weighted Average Report and Cow and Bull Report for the week of December 17 through Thursday. Receipts: 25,831; Last Week: 20,979; Last Year: 10,503 Compared to last week: Combined weighted average report for Oklahoma auctions. 6 Auctions reported this week: Ada, El Reno, McAlester, Oklahoma City, Tulsa, and Woodward. Apache was closed this week for the Holidays. Feeder steers sold mostly steady to $3 higher. Feeder heifers steady to $8 lower. Steer calves sold steady to $6 higher and heifer calves steady to $8 higher. Demand moderate to good for all classes. Many buyers looking to fill their pens space before many auctions close for the Holidays. Unseasonably warm weather was present across the trade area this week and looks to continue into most of next week. Supply included 55 percent over 600 lbs.; 39 percent heifers. Steers: Medium and Large No. 1: (weighted average): Calves: 327 lbs. $195.28; 378 lbs. $192.81; 421 lbs. $186.65; 478 lbs. $184.48; 523 lbs. $170.61; 574 lbs. $159.43; 621 lbs. $144.78; 672 lbs. $143.01; 732 lbs. $136.40; 772 lbs. $133.44; Yearlings: 624 lbs. $148.32; 672 lbs. $143.96; 727 lbs. $145.64; 775 lbs. $144.22; 818 lbs. $146.33; 875 lbs. $143.21; 932 lbs. $144.77; 952 lbs. $136.05. Heifers: Medium and Large No. 1: (weighted average): Calves: 321 lbs. $163.50; 381 lbs. $160.69; 425 lbs. $154.03; 468 lbs. $150.87; 521 lbs. $143.77; 566 lbs. $138.68; 618 lbs. $132.98; 671 lbs. $131.63; 704 lbs. $132.33; Yearlings: 624 lbs. $137.61; 679 lbs. $134.80; 715 lbs. $135.38; 774 lbs. $136; 811 lbs. $134.60; 877 lbs. $129; 939 lbs. $130.18. Slaughter Cows: Average dressing Boners and Breakers $48-$53; Lean Cows $45-$50. Slaughter Bulls: Average dressing $71-$75. SLAUGHTER CATTLE No live trades have been reported in Texas and few have traded in Kansas at $119. Slaughter cattle in Nebraska traded mostly $1-$2 higher for dressed sales, live sales not well tested. Slaughter cattle on a national basis for negotiated cash trades through Friday noon totaled about 65,000 head. Last week’s total head count was 72,805 head. Midwest Direct Markets: Live Basis: Steers and Heifers: $118-$119. Dressed Basis: Steers and Heifers $189-$190. South Plains Direct Markets: Live Basis: Steers and Heifers: N/A. CATTLE FUTURES Live Cattle: Dec. $120.88; Feb. $122.70; April $124.83; June $115.95. Feeder Cattle: Jan. $147.35; March $145.53; April $145.98; May $146.05. USDA’S Cattle on Feed Report: Cattle on feed as of December 1, 2018 totaled 11.7 million head, 105 percent of a year ago. Placements of cattle in the feedlots during November totaled 2 million head, 95 percent of a year ago. Cattle weighing under 600 lbs. 27 percent of the total placements; 600-700 lbs. 25 percent; 700-800 lbs. 21 percent; 800-900 lbs. were 16 percent; over 900 lbs. were 11 percent of the total placements. Marketing’s of fed cattle during the month of November totaled 1.87 million, 101 percent of a year ago. Western Cornbelt Direct Lean Hog Base Price weighted average price of packers bids on a carcass basis delivered to packing plants as of Friday noon was $42.91. HOG FUTURES Noon Futures closed Friday (Thursday’s Close) Dressed Basis: (74 percent yield): Feb. $61.13; April $67.23; May $73.95; June $82.15. BOXED BEEF Friday Morning Estimated Composite Boxed Beef Cutout Values: Friday noon Box beef cut-out values: $3.14 higher than last Friday. Choice 600-900 lbs. $213.56; Select 600-900 lbs. $206.81. SOURCE: USDA-OKLAHOMA AGRICULTURE DEPARTMENT MARKET NEWS SERVICE