October 21, 2016
CapitalPress.com
Farm Market Report
13
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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
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