Beef Exports Up, Imports Down In May cattle
GLENN GRIMES AND RON PLAIN
outlook
Agricultural Economists, University of Missouri
Mexico and Canada purchased less U.S. beef in May, but Japan, South Korea, Vietnam and Egypt purchased a lot more than in May 2009. In total, 9.7 percent of U.S. May
B
Eastern Missouri Livestock Auction JULY 16, 2010 • Bowling Green, Mo.
Receipts: 634; Last Week: 1818; Year Ago: 827 Compared to last week, not enough feeders anyone weight
for adequate price test, undertone weak to lower. Demand mod- erate to good. Supply light on feeders and light to moderate on cows, near 55 percent on a cow special. Slaughter cows $2-7 lower, most decline on boners and breakers. FEEDER STEERS:Medium and Large 1: Two pkgs 550-625
lbs $121-123.50. Medium and Large 1-2: Two pkgs 450-500 lbs $124-125; pkg 570 lbs $122.50; pkg 630 lbs $114; two pkgs 725-730 lbs $108.25-109. FEEDER HEIFERS: Medium and Large 1: Small pkg 395 lbs
$119.50; few small pkgs 425-500 lbs $110.50-116. Medium and Large 1-2: Pkg 445 lbs $116.25, two pkgs 525-550 lbs $113.50- 116.75; two pkgs 600-650 lbs $105.25-105.75. FEEDER BULLS: Medium and Large 1-2: Pkg 515 lbs $113.75; small pkgs 575-675 lbs $107.50-110; pkg 735 lbs
eef exports in May were up 26.8 percent compared to a year earlier. Our two biggest foreign customers,
Fed cattle prices rose for the third week in a row. The
beef production was exported. Beef imports were down 2.2 percent in May. Australia
and Brazil shipped less to us while Canada and New Zealand sent us more beef than in May 2009. May beef imports equaled 11.1 percent of U.S. production. The overall trend in beef trade is quite encouraging. For
the first five months of the year, beef imports were down 16.3 percent and beef exports were up 26.3 percent. Cattle imports from Mexico and Canada were both
down from April but up compared to May 2009. The boxed beef cutout declined just a bit this week. On
Friday morning, the choice boxed beef carcass cutout value was $1.5421/pound, down 0.27 cents for the week, but 17.74 cents higher than last year. The select cutout was down 0.08 cents from the previous Friday to $1.4465 per pound.
5-area daily weighted average price for slaughter steers sold through Thursday of this week on a live weight basis was $93.41/cwt, up $1.58 from a week earlier and $10.41 higher than a year ago. Steers sold on a dressed weight basis this week averaged $150.20/cwt, $1.96 higher than the week before and $20.76 higher than last year. This week’s cattle slaughter totaled 666,000 head, up
10.6 percent from the previous week (which was low be- cause of Independence Day) and up 5.0 percent com- pared to the same week last year. Year-to-date, beef production is down 1 percent. Steer carcass weights averaged 827 pounds during the
week ending July 3. That was up 3 pounds from the week before, but 13 pounds lighter than a year ago. This was the 32nd consecutive week with steer weights below year earlier levels. Cash bids for feeder cattle this week were mostly in the
$103.50. SLAUGHTER COWS: Breaking 70-80 Percent Lean,
$56.25-61.25, High Dressing $61-65; Boning 80-85 Percent Lean, $56-61, High Dressing $60-63, Low Dressing $50-55; Lean 85-90 Percent Lean, $50-55, High Dressing $55.50- 60.50. SLAUGHTER BULLS: Yield Grade 1-2: 1450-2000 lbs
$73.50-77, few $79-80. SLAUGHTER STEERS: (31 head) Select and Choice 2-3:
1050-1300 lbs $87.50-90, pkg 92. BRED COWS: Medium and Large 1-2: 4 -6 yrs 1200-1500
lbs in 3rd stage preg. $1075-1200; 4-6 yrs 1050-1400 lbs in 2nd stage preg. $950-1090; few oddʼs and small pkgs 6 yrs short solids 1050-1400 lbs 2nd and 3rd stages $750-950.
1200 lbs w/150-200 lbs calves $1325-1330.
PAIRS: Medium and Large 1-2: Two pkgs 4-5 yrs 1100- ∆
range of $2 lower to $2 higher. Because of the Inde- pendence Day holiday Oklahoma City did not have a sale this week. The price ranges at Oklahoma City for medium and large frame steers were: 400-450# $137.50- $146, 450-500# $133-$139, 500-550# $132-$138.50, 550-600# $120-$128, 600-650# $112-$124, 650-700# $108-$119.50, 700-750# $112-$116.50, 750-800# $111.25-$115.50, and 800-1000# $98.50-$111/cwt.
CONTINUED ON NEXT PAGE For Sale at Private Treaty
Kenneth D Lowe • (270)202-7186 Smiths Grove, Kentucky
www.oakhollowangus.com
OAK HOLLOW Registered Angus Bulls
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16• MidAmerica Farmer Grower / July 23, 2010
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Case Credit is a brand of CNH Capital. Case IH and Case Credit are registered trademarks of CNH America LLC. CNH Capital is a trademark of CNH America LLC.© 2004 CNH America LLC. All Rights
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