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October 21, 2016 CapitalPress.com Farm Market Report 13 S ponSored by ROP-43-4-4/#7 Hay Market Reports Potato Market Reports Compiled by USDA Market News Service • St. Joseph, Mo.-Portland Hay prices are dollars per ton or dollars per bale when sold to retail outlets. Basis is current delivery FOB barn or stack, or deliv- ered customer as indicated. Grade guidelines used in this report have the following relationship to Relative Feed Value (RFV), Acid Detergent Fiber (ADF), TDN (Total Digestible Nutrients), or Crude Protein (CP) test numbers: Grade RFV ADF TDN CP Supreme 185+ <27 55.9+ 22+ Premium 170-185 27-29 54.5-55.9 20-22 Good 150-170 29-32 52.5-54.5 18-20 Fair 130-150 32-35 50.5-52.5 16-18 Utility <130 36+ <50.5 <16 WASHINGTON-OREGON HAY (Columbia Basin) (USDA Market News) Moses Lake, Wash. Oct. 14 This week FOB Last week Last year 5,160 6,525 7,360 Compared to Oct. 7: All grades of Export and domestic Alfalfa steady in a light test. Trade slow with light to moderate demand. Ex- port demand is up 11 percent from year-ago levels. Retail/Feedstore steady in a light test. Demand remains good. Tons Price Alfalfa Mid Square Supreme 250 $165 Premium 600 $160 Fair/Good 100 $140 700 $80 Utility/Fair 500 $60 Alfalfa Small Square Fair/Good 100 $155 Orchard Grass Small Square Premium 100 $220 Timothy Grass Mid Square Fair/Good 200 $155 Timothy Grass Small Square Fair/Good 400 $120 Wheat Straw Mid Square Good 1500 $25 OREGON AREA HAY (USDA Market News) Portland, Ore. Oct. 14 This week FOB Last week Last year 3,465 3,685 9,136 Compared to Oct. 7: Prices trended generally steady compared to week-ago prices. Most demand lays with the retail/stable hay. According to some producers, horse owners are starting to prefer lower sugar, higher protein hay. Tons Price CROOK, DESCHUTES, JEFFERSON, WASCO COUNTIES Premium 70 $220 Alfalfa Small Square Good/Prem. 29 $200-205 Alfalfa/Orchard Mix Small Square Premium 24 $245 Orchard Grass Small Square Premium 50 $240-250 Good/Prem. 100 $215-220 Fair 8 $100 Timothy Grass Small Square Oat Small Square Teff Small Square EASTERN OREGON Alfalfa Large Square Good Good Good 17 50 3 Supreme 113 Good/Prem. 500 Good 400 KLAMATH BASIN Alfalfa/Orchard Mix Mid Square Good LAKE COUNTY Alfalfa Large Square Supreme Premium Good Small Square Premium $150 $160 $180 $140 $120 $115 93 $140 136 600 500 30 20 500 25 $225 $200 $170 $185 $185 $125 $100 Alfalfa/Oat Mix Small Square Good Oat Large Square Good Oat/Barley/Wheat/Alfalfa Large Square Good/Prem. 140 $120 Triticale Large Square Fair 30 $60 Oat/Pea/Barley Large Square Utility 27 $80 HARNEY COUNTY: No new sales conirmed. IDAHO HAY (USDA Market News) Moses Lake, Wash. Oct. 14 This week FOB Last week Last year 5,700 3,100 4,500 Compared to Oct. 7: All grades of Alfalfa steady in a light test. Trade very slow with light to moderate demand for non-rained on feeder Alfalfa hay. Rain showers across the trade area again this week are hampering movement. Retail/feed store/horse not tested this week. Tons Price Alfalfa Mid Square Supreme 2100 $120-140 Premium 1100 $120 200 $134 Good 200 $80 Fair/Good 1600 $65 500 $50 CALIFORNIA HAY (USDA Market News) Moses Lake, Wash. Oct. 14 This week FOB Last week Last year 6,980 15,014 25,597 All classes traded steady. Demand moderate. Rain fell in the northern part of the state this week right at the end this year’s last cutting. Large square bales with milk test is in high demand with small bales bringing $5 to $10 less for the same quality of hay. Milk and feeder cattle prices had a week of lower prices. According to the U.S. Drought Monitor, lower-than-normal temperatures were experienced over much of the West this week as departures of 3-6 degrees below normal were common. Most areas were dry outside the Paciic Northwest and into the northern Rocky Mountains, where several storms impacted the region. Tons Price REGION 1: NORTHERN INTERMOUNTAIN Includes the counties of Siskiyou, Modoc, Shasta, Lassen, and Plumas. Alfalfa Supreme 200 $160-170 100 $160 300 $185 Fair 200 $80 Brome Grass Premium 375 $190 Wheat Good 250 $80 REGION 2: SACRAMENTO VALLEY Includes the counties of Tehama, Glenn, Butte, Colusa, Sutter, Yuba, Sierra, Nevada, Placer, Yolo, El Dorado, Solano, Sacramento. Alfalfa Supreme 1000 $180-210 Premium 375 $160-175 200 $175 75 $180 Good/Prem. 25 $150 Good 280 $140-150 Fair/Good 100 $125 Fair 100 $100 75 $90 Small Bales REGION 3: NORTHERN SAN JOAQUIN VALLEY Includes the counties of San Joaquin, Calaveras, Stanislaus, Tu- olumne, Mono, Merced and Mariposa. Alfalfa Supreme 200 $190 600 $215-235 300 $245 Testing Fair/Good 125 $170 Fair 200 $115 200 $140 REGION 4: CENTRAL SAN JOAQUIN VALLEY Includes the counties of Madera, Fresno, Kings, Tulare, and Inyo. Alfalfa Premium 100 $197 150 $160 Fair 375 $155 Wheat Straw Good 50 $150 REGION 5: SOUTHERN CALIFORNIA Includes the counties of Kern, Northeast Los Angeles, and West- ern San Bernardino. Alfalfa Premium 175 $190 Forage Mix-Three Way Good 50 $190-200 REGION 6: SOUTHEAST CALIFORNIA Includes the counties of Eastern San Bernardino, Riverside, and Imperial. Alfalfa Good/Prem. 500 $145 Good 75 $100 200 $120 Bermuda Grass Premium 25 $180 Grain Market Reports Compiled by USDA Market News Service • Portland Grains are stated in dollars per bushel or hundredweight (cwt.) except feed grains traded in dollars per ton. National grain report bids are for rail delivery unless truck indicated. CALIFORNIA GRAINS (USDA Market News) Portland Oct. 13 Prices in dollars per cwt., bulk Inc.= including; Nom.= nominal; Ltd.= limited; Ind.= indicated; NYE=Not fully estimated. GRAIN DELIVERED Mode Destination Price per cwt. BARLEY – U.S. No. 2 (46-lbs. per bushel) FOB Kern County NA Rail Los Angeles NA Truck Petaluma-Santa Rosa NA Stockton-Modesto-Oakdale-Turlock $9.25 CORN-U.S. No. 2 Yellow FOB Turlock-Tulare $7.94 Rail Single Car Units via BNSF Chino Valley-Los Angeles $8.53 Truck Petaluma-Santa Rosa NA Stockton-Modesto-Oakdale-Turlock $8.24 Kings-Tulare-Fresno Counties $8.24 SORGHUM-U.S. No. 2 Yellow Rail Los Angeles-Chino Valley via BNSF Single $8.35 Truck Modesto-Oakdale-Turlock NA OATS-U.S. No. 2 White Truck Petaluma NA Stockton-Modesto-Oakdale-Turlock $11 Rail Petaluma NA WHEAT-U.S. No. 2 or better-Hard Red Winter (Domestic Values for Flour Milling) Los Angeles 12 percent Protein NA Los Angeles 14 percent Protein NA Truck/Rail Los Angeles 11-12 percent Protein Los Angeles 12 percent Protein NA FOB Tulare-Kern-Merced NA WHEAT-U.S. Durum Wheat Truck Imperial County $11 Prices paid to California farmers, seven-day reporting period ending Oct. 6: WHEAT, U.S. No. 1, Hard Amber Durum for Flour Milling Imperial $11 Spot Del locally BARLEY, U.S. No. 2, 48 lbs. per bushel Stockton $9.25 Spot Del locally PORTLAND GRAIN (USDA Market News) Portland Oct. 14 PACIFIC NORTHWEST MARKET SUMMARY Cash wheat bids for October delivery ended the reporting week on Thursday, Oct. 13, were steady to higher compared to Oct. 7 noon bids for October delivery. December wheat futures ended the reporting week on Thursday, Oct. 13, higher compared to Oct. 7 closes: Chicago wheat futures were 20.25 cents higher at $4.16, Kansas City wheat futures were nine cents higher at $4.14 and Minneapolis wheat futures trended 7.25 cents higher at $5.32. Chicago December corn futures trended nine cents higher at $3.4950 and November soybean futures closed 2.25 cents lower at $9.5625. Bids for U.S. 1 Soft White Wheat delivered to Portland in unit trains or barges during October for ordinary protein trended steady to 11 cents per bushel higher compared to week-ago prices for the same delivery period at $4.50-4.86. Some exporters were not issu- ing bids for nearby delivery. White club wheat premiums were zero to 21 cents per bushel over soft white wheat bids. One year ago bids for U.S. 1 Soft White Wheat any protein for Oc- tober delivery by unit trains and barges to Portland were $5.49-5.55 and bids for White Club Wheat were also $5.49-5.55. Forward month bids for soft white wheat ordinary protein were as follows: November $4.60-4.86, December $4.65-4.86, January $4.90-5.0975 and February $4.95-5.0975. One year ago, forward month bids for soft white wheat for any protein were as follows: No- vember $5.55-5.59, December $5.55-5.69, January and February $5.55-5.77. Bids for U.S. 1 Soft White Wheat guaranteed maximum 10.5 per- cent protein during October trended 15.25 to 20.25 cents per bushel higher than week ago prices for the same delivery period at $4.86- 4.91. Some exporters were not issuing bids for nearby delivery. White club wheat premiums for guaranteed maximum 10.5 per- cent protein soft white wheat this week were zero to 15 cents per bushel over soft white wheat bids this week compared to zero to 10 cents per bushel over soft white wheat bids last week. One year ago bids for U.S. 1 Soft White Wheat guaranteed max- imum 10.5 percent protein for October delivery by unit trains and barges to Portland were $6.69-6.85 and bids for White Club Wheat were 8.19-8.85. Forward month bids for soft white wheat guaranteed 10.5 percent proteins were as follows: November $4.60-4.91, December $4.65- 4.91, January and February $5.0975. One year ago, forward month bids for soft white wheat for any protein were as follows: November $6.69-6.88, December $6.69- 6.94 January $6.72-6.91 and February $6.72-6.85. Bids for 11.5 percent protein U.S. 1 Hard Red Winter Wheat for October delivery were nine cents per bushel higher compared to Oct. 7 noon bids for the same delivery period. Some exporters were not issuing bids for nearby delivery. Bids were as follows: October, November and December $4.99-5.09, January $4.89-5.04 and Feb- ruary $5.06-5.21. Bids for non-guaranteed 14.0 percent protein U.S. 1 Dark North- ern Spring Wheat for Portland delivery during October were 7.25 to 17.25 cents per bushel higher than Oct. 7 noon bids for the same delivery period. Some exporters were not issuing bids for nearby de- livery. Bids for non-guaranteed 14 percent protein were as follows: October $6.32-6.57, November $6.27-6.52, December $6.32-6.52, January $6.3175-6.4675 and February $6.3175-6.4975. COARSE FEEDING GRAINS Bids for U.S. 2 Yellow Corn delivered full coast Paciic Northwest - BN shuttle trains for October delivery were 16 cents per ton lower at $4.0950-4.2450. Forward month corn bids were as follows: Novem- ber $4.1450-4.2450, December $4.2450-4.2950, January $4.3150- 4.3350, February $4.3350-4.3450 and March $4.3350-4.3650. Bids for U.S. 1 Yellow Soybeans delivered full coast Paciic Northwest - BN shuttle trains for October delivery were 2.25 to 5.25 cents per ton lower at $10.4625 per bushel. Forward month soybean bids were as follows: November $10.4825-10.5025, December $10.5475- 10.5675, January $10.4875-10.5275 and February $10.3975. Bids for U.S. 2 Heavy White Oats for October delivery trended steady at $3.2650 per bushel. PACIFIC NORTHWEST EXPORT NEWS There were 15 grain vessels in Columbia River ports on Thursday, Oct. 13, with ive docked compared to 13 last week with six docked. There were no new conirmed export sales this week from the Com- modity Credit Corporation (CCC) of the USDA. Livestock Auctions Cattle prices in dollars per hundredweight (cwt.) except some replacement animals per pair or head as indicated. Washington TOPPENISH (Toppenish Livestock Auction) (USDA Market News) Moses Lake, Wash. Oct. 14 This week Last week Last year 1,800 1,900 1,650 Compared to Oct. 7 at the same market: Stock- er and feeder cattle $9-11 lower. Trade slow with light to moderate demand. Slaughter cows steady to $6 higher. Slaughter bulls $2-3 lower. Trade active with good demand. Slaughter cows 62 percent, Slaughter bulls 10 percent, and feeders 28 percent of the supply. The feeder supply included 57 percent steers and 43 percent heifers. Near 64 percent of the run weighed over 600 lbs. Replacement Cows: Pre-tested for pregnancy, and age. Feeder Steers Medium and Large 1-2: 400-500 lbs. $114-119.50; 500-600 lbs. $101-105; 600- 700 lbs. $95-103.50, Calves; 600-700 lbs. $90- 92, Full; 700-800 lbs. $99-107, Calves; 800-900 lbs. $100-105. Medium and Large 2-3: 700-800 lbs. $84-93.50. Large 1: 900-1000 lbs. $98-98.50; 1000-1100 lbs. $97.50. Large 2-3: 800-900 lbs. $98. Small and Medium 1-2: 400-500 lbs. $86. Small 4: 200-300 lbs. $175, Per Head. Feeder Heifers Medium and Large 1-2: 400- 500 lbs. $100-112; 500-600 lbs. $92.50-97; 600-700 lbs. $90.50-97.75, Calves; 700-800 lbs. $93.50, Calves; 800-900 lbs. $92. Medium and Large 2-3: 700-800 lbs. $86-90. Large 1: 800-900 lbs. $94.50. Small and Medium 1-2: 400-500 lbs. $90; 600-700 lbs. $80. Slaughter Cows: Boning 80-85 percent lean 1700-1950 lbs. $62-67; Lean 85-90 percent lean 1400-1900 lbs. $60-65; Lean Light 90 percent lean 900-1300 lbs. $49-54. Slaughter Bulls: Yield Grade 1-2 1500-2700 lbs. $66-75.50. Bred Cows (Per Head): Medium and Large 1-2: few Young (3-6 yrs. old) 1058 lbs. $1250 1-3 mos. bred. Cow/Calf Pairs (Per Pair): Medium and large 1-2: Broken Mouth 1150 lbs. $1250 with 150-200 lbs. calves. California SHASTA (Shasta Livestock Auction) Cottonwood, Calif. Oct. 14 Current week Last week 767 2,496 Compared to Oct. 7: Slaughter cows and bulls $1-2 lower. Steers outnumber heifers 3 to 1 today. With some fat cattle dropping to mid-90s, it was another bearish week for feeders. Off lots and singles $15-40 below top offerings. Slaughter cows: High yielding $56-60; $61-65 high dress; Boning $50-55; Cutters $35-50. Bulls 1 and 2: $50-74. Feeder steers: 400-500 lbs. $115-128; 550-600 lbs. $100-115; 600-650 lbs. $100-112; 700-750 lbs. $100-109; 750-800 lbs. $100-108; 800-900 lbs. $96-105; 900-1,000 lbs. $90-105. Feeder heifers: 400-500 lbs. $110-121; 550- 600 lbs. $90-109. Pairs: Heifer pairs with younger calves $1,250- 1,575. Oregon MADRAS (Central Oregon Livestock Auction) Oct. 10 Total head count: 1,547. Steers: 300-400 lbs. $130-140; 400-500 lbs. $120-130; 500-600 lbs. $115-120; 600-700 lbs. $110-118; 700-800 lbs. $108-114; 800-900 lbs. $100-110. Bulls: High yield. $75-81; Mostly $73-78; Thin- ner $70-73. Heifers: 300-400 lbs. $115-125; 400-500 lbs. $110-118; 500-600 lbs. $107-117; 600-700 lbs. $98-108; 700-800 lbs. $98-108. Heiferettes: 850-1000 lbs. $85-100. Cows: Heiferettes NA; Fleshy cows $58; high- yield $55; medium-yield $50; low-yield $45; feed- er cows $70. VALE (Producers Livestock Market) Oct. 12 Total receipts: 2,355 head. Comments: The lowest fat cattle futures in 6 years are causing lower calf prices each week as we move more into the fall run. The market is searching for some stability. Steer calves: 300-400 lbs. $133-151; 400-500 lbs. $106-132.50; 500-600 lbs. $101-121.50. Heifer calves: 300-400 lbs. $114-129; 400-500 lbs. $98-128; 500-600 lbs. $96-113.50. Yearling steers: 600-700 lbs. lbs. $94-117.50; 700-800 lbs. lbs. $94-109.50; 800-900 lbs. lbs. 93-105. Yearling heifers: 600-700 lbs. $89-102; 700-800 lbs. $87-97.50; 800-900 lbs. $84-91; 900-1000 lbs. $76-84. Light Holstein steers, 600 lbs. and under: NA. Butcher cows: $49-64. Thin shelly cows: $42-53. Butcher bulls: $49-64. Heiferettes: $68-83. Compiled by North American Potato Market News and USDA Agricultural Market Service Prices are weekly averages of daily prices. All prices are in dollars per hundredweight (cwt.). FWA is a weighted average of shipping point prices or common packs in each area. Weights differ by area. GRI is the Grower Returns Index for each individual area. FRESH RUSSET POTATO MARKET REPORT (North American Potato Market News) (USDA Market News) Oct. 15 Market commentary: Russet table potato prices have stabilized, as the harvest winds to a close. SHIPPING AREA FWA Chg GRI Chg 70 ct Chg 10 lb. Film Chg $5.16 -$0.10 $14.50 -$0.50 $10.50 $0.00 $4.20 $0.00 $12.00 $0.00 $10.00 $0.00 $4.14 $0.00 $12.00 $0.00 $9.00 $0.00 IDAHO BURBANKS $12.35 -$0.17 IDAHO NORKOTAHS $10.85 $0.00 COLUMBIA BASIN $10.68 $0.00 Cattle Market Reports Compiled by USDA Market News Service • Oklahoma City-Des Moines-St. Joseph, Mo.-Moses Lake, Wash. Cattle prices in dollars per hundredweight (cwt.) except some replacement animals per pair Ore- gon head as indicated. NATIONAL FEEDER AND STOCKER CATTLE (Federal-State Market News) St. Joseph, Mo. Oct. 14 This week Last week Last year 317,500 227,400 306,200 Compared to Oct. 7: Steer and heifer calves sold mostly $5 to $10 lower and yearlings steady to $5 lower. Many calves this time of year are showing up short weaned or off their mamas that same day. Discounts of $20/cwt or more on those unweaned calves are very common as they are much more apt to end up in a sick pen. Demand has been considerably better for the true yearlings that are still making their way to town, with many of those that were longtime weaned and in the right condition quoted as steady to irm and even dollars higher in spots. In Unionville, Mo., a load of reputation steers weighing 772 lbs. rang the bell at $140 on Oct. 11. The futures market continued a swift and vi- cious erosion throughout the week, with most contracts losing about $5-7 as of close Oct. 13. This has certainly kept cattle buyers on edge as many of the previous week’s purchases won’t work on the current week’s market. However, with feedlot sales sliding back- wards again this week, the fact of the matter is that replacements have to be bought that much cheaper. Live sales were reported at $95-99.75 and dressed sales at $152-156, the lowest prices since 2010. Nobody seems to know where the bottom of this market will be, or just what it will take to get there. Currently, all contracts of both Live and Feeder Cattle are trying to rally, posting triple digit gains at midday Friday with a couple hours to go before the close. When pressed, few in the industry would have faith that this rally will hold after countless “false alarms” that we’d hit the bottom. Many have ex- pressed some surprise that the fall cattle runs haven’t really shown up yet, with many livestock auctions still running a more summer-like sched- ule and others still seeing pretty light receipts. Producers are reluctant to bring cattle to town on such a down market and with enough grass and hay there won’t be much movement until prices rise or a banker is knocking at the door. Choice Boxed beef cutout value Oct. 12 reached the yearly low at $181.50. Despite the lighter weekly harvest totals this year, beef production has reached levels comparable to 2013, when weekly harvest totals averaged over 480,000. This increase in beef production is due to the well-known fact that carcass weights have become bigger. Year-to-date fed cattle weights for 2016 are 29 pounds heavier than 2013. So the questions that remain to be answered: Are these increases in carcass weights being caused by feed yards feeding cattle longer to collect more yardage, thus resulting in better yields when sold on a grid or are we seeing the effects of better genetics and performance? Grain bids were higher with soybeans trading lower. The market was supported by favorable export loadings, as well as weather concerns in South America; however, seasonal pressure and favorable yield reports added weakness to the soybeans. Rain last week slowed harvest across the Mid- west with the corn at 35 percent complete and soybeans at 44 percent harvested. The average for this date is 38 and 47 percent respectively. October’s supply-and-demand report lowered the U.S. corn yield by 1 bushel per acre, now at 173.4 bushels. Global corn reserves were decreased to 216.8 million tons; although lower, this is still a comfortable number. The soybean yield was increased, now at 51.4 bushels per acre. Global soybean reserves were increased to 77.36 million tons, which added some negativity to the complex. Hurricane Matthew has brought the East Coast to a halt. The protein sector hit the hard- est was the pork complex, with three major plants losing multiple days. Auction volume this week included 40 percent weighing over 600 lbs. and 37 percent heifers. AUCTIONS This week Last week Last year 236,100 178,000 246,300 WASHINGTON 4,600. 42 pct over 600 lbs. 39 pct heifers. Steers: Medium and Large 1 300- 350 lbs. $122.50; 400-450 lbs. $126.28; 450- 500 lbs. $126.30; 500-550 lbs. $114.33; 550-600 lbs. $112.95; 700-750 lbs. $105.40; 750-800 lbs. $105. Heifers: Medium and Large 1-2 300-350 lbs. $109; 400-450 lbs. $105.80; 450-500 lbs. $103.59; 500-550 lbs. $103.16; 550-600 lbs. $103.54. DIRECT This week Last week Last year 62,500 46,600 40,900 SOUTHWEST (Arizona-California-Nevada) 1,200. No cattle over 600 lbs. No heifers. Hol- steins: Large 3 300 lbs. $100 January Del. NORTHWEST (Washington-Oregon-Ida- ho) 1,400. 62 pct over 600 lbs. 45 pct heifers. Steers: Medium and Large 1-2 Current FOB Price 550-600 lbs. $104 Washington; 600-650 lbs. $110-112 calves Idaho-Oregon; 700-750 lbs. $103 calves Washington. Future FOB Price 850-900 lbs. $108 Washington-Oregon for January. Current Delivered Price Medium and Large 1 550 lbs. $118 Idaho. Heifers: Medium and Large 1-2 Current FOB Price 500-550 lbs. $102 Washington; 600-700 lbs. $93-100 Wash- ington-Idaho. Future FOB Price 800-850 lbs. $103 Washington-Oregon for January. Current Delivered Price Medium and Large 1 500 lbs. $114 Idaho. NATIONAL SLAUGHTER CATTLE (USDA Market News) Oklahoma City, Okla. Oct. 14 Slaughter cattle sold mostly $2-3 lower. Dressed trade in Nebraska was $5-6 lower. Slaughter cattle lower despite the steady beef trade. Bearish attitude is deinitely ruling. Boxed Beef prices as of Oct. 14 averaged $176.95 down $1.84 from Oct. 7. The Choice/ Select spread is $9.82. Slaughter cattle on a na- tional basis for negotiated cash trades through Oct. 14 totaled about 65,036 head. The previous week’s total head count was 103,659 head. Midwest Direct Markets: Live Basis: Steers and Heifers: $98. Dressed Basis: Steers and Heifers $152-154. South Plains Direct Markets: Live Basis: Steers and Heifers few $98. Slaughter Cows and Bulls (Average Yielding Prices): Slaughter cows and bulls steady to $5 lower. Cutter Cow Carcass Cut-Out Value at the close on Oct. 14 was $154.23 down $.69 from Oct. 7. NORTHWEST DIRECT CATTLE (USDA Market News) Moses Lake, Wash. Oct. 14 This week Last week Last year 1,400 1,800 2,150 Compared to Oct. 7: Feeder cattle weak in a light test. Trade slow with light to moderate demand. Beef Producers were helpless in applying the brakes in the cash trade this week because trad- ers were helpless in stabilizing futures. The feeder supply included 55 percent steers and 45 percent heifers. Near 62 percent of the supply weighed over 600 lbs. Prices are FOB weighing point with a 1-4 percent shrink or equivalent and with a 5-12 cent slide on calves and a 3-8 cent slide on yearlings. Current sales are up to 14 days delivery. Delivered prices in- clude freight, commissions and other expenses. Feeder Steers: Medium and Large 1-2: Cur- rent FOB Price: 550-600 lbs. $104 Washington; 600-650 lbs. $110-112 calves Idaho-Oregon; 700-750 lbs. $103 calves Washington. Future FOB Price: 850-900 lbs. $108 Washington-Ore- gon for January. Current Delivered Price: Medi- um and Large 1: 550 lbs. $118 Idaho. Feeder Heifers Medium and Large 1-2: Cur- rent FOB Price: 500-550 lbs. $102 Washington; 600-700 lbs. $93-100 Washington-Idaho. Future FOB Price: 800-850 lbs. $103 Washington-Ore- gon for January. Current Delivered Price: Medi- um and Large 1: 500 lbs. $114 Idaho. Joyce Capital, Inc. In agriculture, nothing is certain. Your interest rate should be. We offer competitive interest rates for your agricultural financing needs: • Term agricultural loans (purchases & refinances) • FSA Preferred Lender • Amortizations up to 25 years CONTACT: Kevin Arrien, or Joe Lodge at Joyce Capital, Inc. Agricultural Loan Agents (208) 338-1560 • Boise, ID joe@arrien.biz 43-4/#17 43-2/#7