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January 30, 2015 CapitalPress.com 17 Farm Market Report Cattle Market Reports Hay Market Reports Compiled by USDA Market News Service • Oklahoma City-Des Moines-St. Joseph, Mo.-Moses Lake, Wash. Compiled by USDA Market News Service • St. Joseph, Mo.-Portland Hay prices are dollars per ton or dollars per bale when sold to re- tail outlets. Basis is current delivery FOB barn or stack, or delivered customer as indicated. Grade guidelines used in this report have the following relation- ship to Relative Feed Value (RFV), Acid Detergent Fiber (ADF), TDN (Total Digestible Nutrients), or Crude Protein (CP) test num- bers: 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. Jan. 23 This week FOB Last week Last year 7,500 3,240 1,530 Compared to Jan. 16: Export and feeder hay both steady in a light test. Trade slow to moderate for both domestic and export markets. Some exporters are reselling second cutting timothy hay to dairy and cow/calf feeder accounts. Retail/Feedstore hay steady. De- mand remains good for retail hay for next year’s crop of grass/alfalfa mix. Some Westside feed stores are already offering contracts for next year’s crop. Tons Price Alfalfa Large Square Premium 900 $195-200 Good 3000 $170-180 Utility/Fair 1000 $160 Alfalfa Small Square Premium 100 $260 Timothy Grass Large Square Premium 500 $160 Fair/Good 1000 $105 Sudan Large Square Good 1000 $95 OREGON AREA HAY (USDA Market News) Portland, Ore. Jan. 23 This week FOB Last week Last year 3,273 837 4,679 Compared to Jan 16: Prices trended mixed compared to the same quality last week. Trade activity was moderate and demand was good after the holidays compared to last week. Several producers have sold all that they plan to sell for this season. Tons Price CROOK, DESCHUTES, JEFFERSON, WASCO COUNTIES Alfalfa Large Square Premium 66 $240 Good/Prem. 1300 $190 Small Square Premium Alfalfa/Grass Mix Small Square Premium KLAMATH BASIN Alfalfa Large Square Premium Good Small Square Premium Meadow Grass Small Square Premium LAKE COUNTY Alfalfa Large Square Supreme Small Square Premium Supreme Premium Fair Premium 4 4 $275 $275 200 120 50 25 $325 $318 $240 $245 199 300 35 60 60 30 661 $250 $280 $220 $250 $200 $150 $150 Triticale Large Square Forage Mix-Three Way Large Square Premium 62 $150 Oat Straw Large Square Utility 97 $47 EASTERN OREGON: No new sales confirmed. HARNEY COUNTY: No new sales confirmed. IDAHO HAY (USDA Market News) Moses Lake, Wash. Jan. 23 This week FOB Last week Last year 775 3,235 9,710 Compared to Jan. 16: Feeder quality steady, other classes not tested this week. Trade slow this week with light demand for export and feeder hay. Demand remains good for pellet quality Timothy hay. Retail/feed store/horse steady. Tons Price Alfalfa Large Square Fair 500 $200 Alfalfa Small Square Premium 175 $260 Timothy Grass Small Square Premium 100 $230 CALIFORNIA HAY (USDA Market News) Moses Lake, Wash. Jan. 23 This week FOB Last week Last year 4,860 4,240 7,006 Compared to Jan. 16: All classes traded mostly steady on light demand on very light tests. Trade was moderate to slow. With cur- rent available supplies, the demand for lower test hay continues to trend down. Ports continue to have issues getting product shipped out due to a labor dispute. Milk prices continue to drop which means dairies will have less money to spend on test hay. According to Do- ane Advisory Service, the European Central Bank announced that it will follow the U.S. Fed’s recent policy of Quantitative Easing (buy- ing huge quantities of EU government bonds) in an effort to boost European economies. REGION 1: North Inter-Mountain Includes the counties of Siskiyou, Modoc, Shasta, Lassen and Plumas. No new sales confirmed. REGION 2: Sacramento Valley Includes the counties of Tehama, Glenn, Butte, Colusa, Sutter, Yuba, Sierra, Nevada, Placer, Yolo, El Dorado, Solano, Sacramento. Tons Price Alfalfa Premium 50 $280 Good/Prem. 125 $272 Orchard Grass Premium 25 $320 Oat Good 25 $160 50 $220 Wheat Good 50 $130 Rice Straw Good 150 $133 REGION 3: Northern San Joaquin Valley Includes the counties of San Joaquin, Calaveras, Stanislaus, Tu- olumne, Mono, Merced and Mariposa. Tons Price Alfalfa Supreme 700 $335 Premium 50 $315 Good 300 $235 160 $205 Fair/Good 900 $205 Fair 50 $215 Del Triticale Good 50 $230 Del Wheat Straw Good 250 $130 REGION 4: Central San Joaquin Valley Tons Price Alfalfa Good/Prem. 200 $230 Wheat Straw Good 50 $233 REGION 5: Southern California Includes the counties of Kern, Northeast Los Angeles, and West- ern San Bernardino. Tons Price Alfalfa Premium 275 $300 Forage Mix-Three Way Good 50 $ REGION 6: Southeast California Includes the counties of Eastern San Bernardino, Riverside and Imperial. Tons Price Alfalfa Premium 400 $180 Good/Prem. 25 $190 550 $235-240 Good 75 $170 100 $110 50 $230 Fair/Good 150 $210 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. PORTLAND GRAIN (USDA Market News) Portland Jan. 22 PACIFIC NORTHWEST MARKET SUMMARY Cash wheat bids for January delivery ended the reporting week on Thursday, Jan. 22, were mixed compared to Jan. 17 noon bids for January delivery. Bids for soft white wheat and dark northern spring wheat bids trended mixed, while hard red winter wheat bids moved lower. March wheat futures ended the reporting week on Thursday, Jan. 22, mixed as follows compared to Jan. 17 closes: Chicago March wheat futures one cent higher at $5.3375, Kansas City 8.25 cents lower at $5.6475 and Minneapolis wheat futures trended $5.50 cents lower at $5.7550. Chicago March corn futures trended 3.75 cents higher at $3.8375 while March soybean futures closed 14.25 cents lower at $9.7675. Bids for U.S. 1 Soft White Wheat delivered to Portland in unit trains or barges during January for ordinary protein trended mixed from 5 cents lower to $1 cent per bushel higher from $6.2175-6.45, mostly $6.3275 compared to Jan. 15 noon bids for January delivery of $6.2075-6.50, mostly $6.3575. White club wheat premiums for ordinary protein this week were $2 to $2.65, mostly $2.33 and last week were $2.50 to $2.85, mostly $2.68. One year ago bids for U.S. 1 Soft White Wheat any protein for January delivery by unit trains and barges to Portland were $6.7925- 6.8425, mostly $6.81 and bids for White Club Wheat were $6.7925- 7.3425, mostly $7.1425. Nearby bids for U.S. 1 Soft White wheat ordinary protein began the holiday shortened reporting week on Jan 16 at mostly $6.3575 and moved fractionally lower on Jan. 20 to mostly $6.35, continuing to mostly $6.3475 on Jan. 21. Jan. 22 bids were lower to mostly $6.3275. A lower basis bid by some exporters weighed on bids, while slightly higher Chicago March wheat future supported bids. Forward month bids for soft white wheat ordinary protein were as follows: February $6.2175-6.45, March $6.2175-6.6775, April $6.2525-6.6725 and August New Crop $5.8350-6.25. One year ago, forward month bids for soft white wheat for any protein were as follows: February $6.8425-6.9425, March $6.8925-6.9425, April $6.90-6.9625 and May $6.9125-6.9625. Bids for U.S. 1 Soft White Wheat guaranteed maximum 10.5 percent protein during January trended mixed, from $3.25 lower to 26 cents per bushel higher from $7.3375-7.5875, mostly $7.4975. Guaranteed 10.5 percent protein bids last week for January de- livery were $7.0775-7.62, mostly $7.3975. The white club wheat premiums for guaranteed 10.5 percent protein this week were $2 to $2.65, mostly $2.22 compared to last week’s range $2 to $2.85, mostly $2.50. Nearby bids for U.S. 1 Soft White Wheat guaranteed 10.5 percent protein began the week on Jan. 22 at mostly $7.3975 then moved higher to mostly $7.52 on Tuesday, before moving fractionally low- er to mostly $7.5175 on Wednesday. Bids Jan. 22 moved lower to mostly $7.4975. Forward month bids for soft white wheat guaran- teed 10.5 percent protein were as follows: February $7.3375-7.60, March $7.3375-7.65, April $7.3725-7.65 and August New Crop 5.8350-6.3850. Bids for 11.5 percent protein U.S. 1 Hard Red Winter Wheat for January delivery were 8.25 cents per bushel lower compared to Jan. 15 noon bids in lining up with the lower Kansas City March wheat futures. Some exporters were not issuing bids for nearby delivery. On Jan. 22, forward month bids were as follows: January $6.4975- 6.7475, mostly $6.5975; February and March $6.4975-6.7975; April $6.5950-6.8450 and August New Crop $6.4425-6.6925. Bids for non-guaranteed 14.0 percent protein U.S. 1 Dark North- ern Spring Wheat for Portland delivery for January delivery were mixed, from $5.50 lower to 14.50 cents per bushel higher compared to Jan. 15 noon bids. Lower Minneapolis March wheat futures pressured bids, although a higher basis bid by some exporters supported bids. Some exporters were not issuing bids for nearby delivery. On Thursday, bids for non-guaranteed 14 percent protein were as follows: January $8.1550-8.4550, mostly $8.3050; February $8.1550-8.5050; March $8.0550-8.5050; April $8.1175-8.6675 and August New Crop $7.2275-7.4775. COARSE FEEDING GRAINS Bids for U.S. 2 Yellow Corn delivered to Portland in single rail cars were not available. Bids for U.S. 2 Yellow Corn truck delivered to the inland feeding areas of Yakima, Wash., and Hermiston, Ore., were also not available. Bids for U.S. 2 Heavy White Oats for January delivery held steady at $265. PACIFIC NORTHWEST EXPORT NEWS There were 17 grain vessels in Columbia River ports on Thursday, Jan, 22, with six docked compared to 13 Jan. 17 with five docked. There were no new confirmed Commodity Credit Corporation sales for Pacific Northwest loadout. Cattle prices in dollars per hundredweight (cwt.) except some replacement animals per pair or head as indicated. NATIONAL SLAUGHTER CATTLE (Federal-State Market News) Oklahoma City-Des Moines Jan. 23 Compared to Jan. 16: Slaughter cattle sold on a live basis $4 lower in the South Plains. Nebraska dressed cattle traded early in the week at 6 lower. Chicago Board of Trade traded with tremendous uncertainty this week causing the market to con- tinue to fall. Boxed beef prices Friday afternoon averaged $250.49, which is $5.16 lower than Jan. 16. The Choice/Select spread is $6.51. Slaughter cattle on a national basis for negoti- ated cash trades through Jan. 23 totaled about 12,000 head. Last week’s total head count was 68,904 head. Midwest Direct Markets: Live Basis: Steers and Heifers 35-80 Percent Choice, 1200-1400 lbs. $159-160 Dressed Basis: Steers and Heifers: $256. South Plains Direct Markets: Live Basis: Steers and Heifers 35-65 percent Choice, 1100-1400 lbs. $160. Slaughter Cows and Bulls (Average Yielding Prices): Slaughter cows $8-11 lower in the West and steady to firm in the Southeast. Slaughter bulls $2-5 lower in the West and steady in the Southeast. USDA’s Cutter cow carcass cut-out value Jan. 23 was $238.59 down $.29 from Jan. 16. NATIONAL FEEDER AND STOCKER CATTLE (Federal-State Market News) St. Joseph, Mo. Jan. 23 This week Last week Last year 407,300 380,000 393,000 Compared to Jan. 16: The downtrend continues in the feeder cattle markets as feeder cattle and calves traded $5-15 lower this week. CME cattle futures over the last couple of weeks have latched onto a lead balloon and have weighed heavily on the feeder cattle markets. The widespread mas- sive long liquidation selling has just swamped cattle futures. Heavier weight feeders, of which the supply is more readily available, felt the full pressure of price declines this week. Many major salebarns in the Northern and Southern Plains are seeing some of their heaviest receipts of the year with the unfortunate timing of the volatile feeder cattle and futures market. Cattle buyers have paid high premiums for feeder cattle and now break evens are much higher than the futures with the June Live Cattle board closing near $143 as contacts continued their free-fall on Jan. 23. In Bassett, Neb., on Jan. 21 feeder steers under 650 lbs. sold with very good demand for summer grazing. Near 550 head of steers averag- ing 577 lbs. sold with weighted average prices of $299.22 and over 200 head of thin steers averag- ing 624 lbs. sold with a weighted average prices of $291.35. Summer grazing will likely take these kinds of cattle to unprecedentedly large weights on pasture to avoid any kind high feed costs. Beef demand has worries over rising meat sup- plies of pork and chicken and at this time is taking presence over tight cattle supplies. The feeder and fed cattle markets along with the futures seem to be tiring of news about tight supplies. The Cattle on Feed Report had Jan. 1 inventory at 101 percent; placements at 92 percent; market- ings came in at 95 percent. Inventory was slightly lighter than expected, with marketings slightly smaller than expected. The week’s auction vol- ume consisted of 58 percent over 600 lbs. and 38 percent heifers. AUCTIONS This week Last week Last year 302,500 302,000 328,100 WASHINGTON 1,500. 52 pct over 600 lbs. 51 pct heifers. Steers: Medium and Large 1-2 600- 650 lbs. $224.67; 750-800 lbs. $187.25. Heifers: Medium and Large 1-2 450-500 lbs. $259. DIRECT This week Last week Last year 29,700 30,100 57,300 SOUTHWEST (Arizona-California-Nevada) 400. No cattle over 600 lbs. No heifers. Holsteins: Large 3 Del Current 275 lbs. $320. NORTHWEST (Washington-Oregon-Idaho) 1,100. 82 pct over 600 lbs. 18 pct heifers. Steers: Medium and Large 1-2 Current FOB Price 800- 900 lbs. $202-206 ID-WA-OR. Heifers: Medium and Large 1-2 Current FOB Price 800 lbs. $200 ID-WA-OR. NORTHWEST DIRECT CATTLE (USDA Market News) Moses Lake, Wash. Jan. 23 This week Last week Last year 1,100 3,350 2,150 Compared to Jan 16: Feeder cattle weak in a light test. Trade remains slow with light to mod- erate demand. Also the slaughter cattle finished the week at $157-160 on a live basis. The feeder supply included 82 percent steers and 18 percent heifers. Near 82 percent of the supply weighed over 600 lbs. Prices are FOB weighing point with a 1-4 percent shrink or equivalent and with a 5-10 cent slide on calves and a 3-7 cent slide on yearlings. Steers: Medium and Large 1-2: Current FOB Price: 800-900 lbs. $202-206 ID- WA-OR. Heifers: Medium and Large 1-2: Current FOB Price: 800 lbs. $200 ID-WA-OR. California Egg Reports Compiled by USDA Market News Service • Des Moines Shell egg marketer’s benchmark price for negotiated egg sales of USDA Grade AA and Grade AA in cartons, cents per dozen. This price does not reflect discounts or other contract terms. DAILY CALIFORNIA SHELL EGGS (USDA Market News) Des Moines, Iowa Jan. 23 Benchmark prices are steady. Asking prices for next week are 23 cents higher for Jumbo, 21 cents higher for Extra Large and Large and 23 cents higher for Medium and Small. The undertone is steady to mostly lower. Retail demand is light to moderate on moderate to heavy offerings. Market activity is slow. Small benchmark price $2.56. Size Range Size Range Jumbo 342 Extra large 341 Large 332 Medium 276 SOUTHERN CALIFORNIA Prices to retailers, sales to volume buyers, USDA Grade AA and Grade AA, white eggs in cartons, delivered store door. Size Range Size Range Jumbo 334-346 Extra large 322-334 Large 317-328 Medium 256-265 5-2/#4N