LIVESTOCK

Livestock report from the Oklahoma City Stockyards: Oklahoma Weekly Cattle Auction Summary:

Livestock Weighted Average Report for the week of 11/09 - 13/2020

Receipts:45,715; Last week:

21,534; Last year: 35,821

Compared to last week:

Combined weighted average for 7 auctions: Ada,Apache, McAlester, OKC, OKC West, Tulsa, and Woodward. Feeder cattle and calves sold $2-$8 higher. Demand very good for all classes. Cattle futures started the week sharply higher and then traded mixed the remainder of the week. Demand was very good for heavier weight feeders. Higher feed prices has buyers preferring to buy the weight than the feed. Moisture from the ice storm a few weeks ago, followed by warm temps helped wheat pastures. Thus farmers ready to turn calves out on wheat. Slaughter cows and bulls steady to $5 lower on increased numbers. Packer demand moderate. Supply included: 90% Feeder Cattle (53% Steers,0% Dairy Steers, 42% Heifers, 5% Bulls); 6% Slaughter Cattle (93% Cows,7% Bulls); 4% Replacement Cattle (76% Bred Cows, 13% Bred Heifers, 11% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 48%.

Steers: Medium and Large No. 1: (weighted average): 214 lbs. $186.92; 322 lbs. $196.12, unweaned $176.52; 376 lbs. $190.02, unweaned $174.90; 425 lbs. $177.23, unweaned $169.93; 471 lbs. $167.88, unweaned $162.01;526 lbs. $158.88, unweaned $160.49; 570 lbs. $151.76, unweaned $145.81;624 lbs. $140.72, unweaned $136.12; 675 lbs. $138.33, unweaned $132.16;723 lbs. $137.91, unweaned $127.58; 768 lbs. $138.74, unweaned $125.62;831 lbs. $136.25; 872 lbs. $135.64; 920 lbs. $136.67; 974 lbs. $127.68; 1,020 ls. $126.17. Heifers: Medium and Large No. 1: (weighted average): Calves: 286 lbs. $165.86; 328 lbs. $158.34, unweaned $148.08; 370 lbs. $152.98, unweaned $139.97; 421 lbs. $148.80, unweaned $142.71; 474 lbs. $141.87, unweaned $133.40; 522 lbs. $134.89, unweaned $132.84; 574 lbs. $131.64, unweaned $123.33; 627 lbs. $128.79, unweaned $124.81; 674 lbs. $132.51, unweaned $121.40; 721 lbs. $131.79; 774 lbs. $130.29; 824 lbs. $125.20; 871 lbs. $121.43; 930 lbs. $111.25; 981 lbs. $111.54. Slaughter Cows: Average dressing Boners and Breakers $48-$68.50, Lean cows $45-$54. Slaughter bulls average dressing $67-$85.50.

SLAUGHTER CATTLE

Live trades in the southern plains and Nebraska sold $3 higher. Dressed trades in Nebraska $5 higher. Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled 99,050 head. Last week's total head count was 124,710 head.

Midwest Direct Markets: Nebraska

Live Basis: Steers and Heifers: $110.

Dressed Basis: Steers and

Heifers: $172.

South Plains Direct Markets: Kansas and Texas

Live Basis: Steers and Heifers: $110, few $111.

CATTLE FUTURES

Live Cattle: Dec. $109.92; Feb. $112.22; April $116.20; June $111.17.

Feeder Cattle: Nov. $137.47; Jan. $137.87; March $137.15; April $138.62.

CATTLE SLAUGHTER Federally Inspected Cattle: 653,000 head down 1.5 percent from a year ago. Western Cornbelt Direct Lean Hog Base Price:

Weighted average price of packers bids on a carcass basis Friday was $59.11.

HOG FUTURES: Dressed Basis: (74% yield): Dec. $64.90; Feb. $64.57; April $68.02; May $73.45.

HOG SLAUGHTER Federally Inspected Hogs: 2.688 million head down 2.6 percent from a year ago.

SHEEP SLAUGHTER Federally Inspected Sheep: 35,000 head down 12.5 percent from a year ago.

BOXED BEEF Estimated Composite Boxed Beef Cutout Values: Friday Box beef cut-out values: up $11.32 from last Friday. Choice 600-900 lbs. $225.98; Select 600-900 lbs. $209.46.

MEAT PRODUCTION Beef: 549.8 million lbs. down 0.1 percent from a year ago.

Pork: 582.9 million lbs. down 1.6 percent from a year ago.

Lamb: 2.1 million lbs. down 19.2 percent from a year ago.

CATTLE CARCASS WEIGHTS

National Average: This week estimate: 844 lbs.; Last week estimate 844 lbs.; Last year's actual 832 lbs.

Source: USDA-Oklahoma Agriculture Department Market News Service