LIVESTOCK

Livestock report from the Oklahoma City Stockyards: Oklahoma Weekly Cattle Auction Summary Livestock Weighted Average Report for the week of Jan. 27 through Thursday. Receipts: 28,906; Last reported: 32,164; Last year: 32,198 Compared to last week: Combined weighted average for seven feeder auctions: Ada, Apache, McAlester, Oklahoma City, OKC West, Tulsa, and Woodward. Feeder steers sold steady to $7 lower. Feeder heifers $4-$7 lower. Steer calves $5-$10 lower and heifer calves steady to $7 lower. Demand was moderate for all classes. Many barns experienced lighter runs this week as a winter mix moved across the state earlier in the week. Slaughter cows steady to $5 higher. Slaughter bulls $2-$5 higher. Demand was good for slaughter cows and bulls. Supply included: 92% Feeder Cattle (0% -, 54% Steers, 44% Heifers, 2% Bulls); 5% Slaughter Cattle (86% Cows, 1% -, 14% Bulls); 2% Replacement Cattle (82% Bred Cows, 2% -, 2% Bred Heifers, 14% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 45%. For Nass: 2,146 cows and bulls sold this week with 72 percent going to packers. Last week: 1,550 cows and bulls sold with 66 percent going to packers. Last year: 2,486 cows and bulls sold this week with 42 percent going to packers. Steers: Medium and Large No. 1: (weighted average): 234 lbs. $213; 283 lbs. $211.26; 320 lbs. $209.51; 376 lbs. $188.77; 427 lbs. $185.54; 479 lbs. $178.58; 519 lbs. $169.83; 571 lbs. $159.87; 638 lbs. $137.50; 682 lbs. $136.13; 712 lbs. $131; Yearlings: 624 lbs. $148.53; 667 lbs. $143.06; 724 lbs. $140.77; 770 lbs. $140.71; 820 lbs. $136.79; 872 lbs. $135.88; 931 lbs. $131.04; 965 lbs. $130.02; 1,042 lbs. $123.31; 1,142 lbs. $118.42. Heifers: Medium and Large No. 1: (weighted average): 242 lbs. $185; 287 lbs. $162.76; 323 lbs. $162.72; 378 lbs. $162.59; 422 lbs. $159.06; 473 lbs. $152.20; 521 lbs. $145.12; 571 lbs. $136.92; 627 lbs. $129.47; 686 lbs. $125; Yearlings: 627 lbs. $130.19; 674 lbs. $131.73; 719 lbs. $126.12; 780 lbs. $126.89; 826 lbs. $119.73; 888 lbs. $124.77; 917 lbs. $122.31; 962 lbs. $118.48; 1,025 lbs. $117.11; 1,057 lbs. $112.50; 1,115 lbs. $106. Slaughter Cows: Average dressing Boners, Breakers and Lean cows $50-$74. Slaughter bulls average dressing $77.50-$94.

SLAUGHTER CATTLE

Live cattle in the Southern Plains sold $2 lower and too lightly tested in Nebraska. Cattle on a dressed basis in Nebraska sold $4 lower this week. Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled 79,958 head. Last week's total head count was 105,895 head. Midwest Direct Markets: Nebraska Live Basis: Steers and Heifers: few $122. Dressed Basis: Steers and Heifers: $195. South Plains Direct Markets: Kansas and Texas Live Basis: Steers and Heifers: $122.

CATTLE FUTURES

Live Cattle: Feb. $121.38; April $119.68; June $111.58; Aug. $109.78. Feeder Cattle: March $136.08; April $137.53; May $139.70; Aug. $146.88.

CATTLE SLAUGHTER

Federally Inspected Cattle: 637,000 head up 7.4 percent from a year ago.

CATTLE INVENTORY

All cattle and calves in the United States as of Jan. 1, 2020 totaled 94.4 million, slightly below the 94.8 million head on January 1, 2019. All cows and heifers that have calved, at 40.7 million head were 1 percent below the 41.0 million head on Jan. 1, 2019. Beef cows, at 31.3 million head, were down 1 percent from a year ago. Beef replacement heifers, at 5.77 million head, were down 2 percent from a year ago. Cattle and calves on feed for the slaughter market in the United States for all feedlots totaled 14.7 million head on January 1, 2020. The inventory is up 2 percent from the Jan. 1, 2019 total of 14.4 million head. The 2019 calf crop in the United States was estimated at 36.1 million head, down 1 percent from last year's calf crop. Western Cornbelt Direct Lean Hog Base Price: Weighted average price of packers bids on a carcass basis delivered to packing plants as of Friday $54.59. HOG FUTURES Dressed Basis: (74% yield): Feb. $57.13; April $61.60; May $70.03; June $76.85. HOG SLAUGHTER Federally Inspected Hogs: 2.703 million head up 14.0 percent from a year ago. SHEEP SLAUGHTER Federally Inspected Sheep: 39,000 head up 11.4 percent from a year ago. BOXED BEEF Estimated Composite Boxed Beef Cutout Values: Friday Box beef cut-out values: up down $0.77 from last Friday. Choice 600-900 lbs. $213; Select 600-900 lbs. $210.66. MEAT PRODUCTION Beef: 526.0 million lbs. up 8.5 percent from a year ago. Pork: 584.8 million lbs. up 15.1 percent from a year ago. Lamb: 2.6 million lbs. up 8.3 percent from a year ago.

CATTLE CARCASS WEIGHTS

National Average: This week estimate: 828 lbs.; Last week estimate 828 lbs.; Last year's actual 819 lbs. Source: USDA-Oklahoma Agriculture Department Market News Service