Cash Hog Prices Surge To Record Highs hog


outlook


GLENN GRIMES AND RON PLAIN Agricultural Economists • University of Missouri


Fruitland Livestock Market JUNE 21, 2011 • Fruitland, Mo.


Receipts: 403; Last Week: 375; Year Ago: 293 Compared to last week, steers and heifers


sold $6-12 higher with good quality in the offer- ing. Slaughter cows sold $3 lower and bulls sold $1 lower; Demand very good and supply light. Cows made up approximately 28 percent of the run, 72 percent feeders. Steers made up approximately 40 percent of the offering, 49 percent heifers. Offerings over 600 lbs totaled around 22 percent. FEEDER STEERS: Medium and Large 1-2:


Few 200-250 lbs $158-172; few 250-300 lbs $145-154; 300-400 lbs $140-153; 400-500 lbs $138-152; few 500-550 lbs $144-145; 550-600 lbs $126-136.50; few 600-650 lbs $123-130; few 700-725 lbs $115.50-120.50. Medium 2: Few 500-550 lbs $120-130; few 650-675 lbs $111. FEEDER HOLSTEINS: Large 3: Pkg 290 lbs


$115; few 350-400 lbs $104-112; pkg 408 lbs $111. FEEDER HEIFERS: Medium and Large 1-2:


Few 200-250 lbs $148-159; few 275-300 lbs $131-134; few 300-350 lbs $127-136; 350-400 lbs $135-143; 400-500 lbs $127-140; 500-600 lbs $119-128; few 625-700 lbs $114-125; fancy pkg 650 lbs $128; few 700-725 lbs $110-114. Medium 2: Few 325-400 lbs $119-131; pkg 430 lbs $128; few 550-600 lbs $109-116. FEEDER BULLS: Medium and Large 1-2:


Few 500-550 lbs $130-135; few 650-675 lbs $111-120. SLAUGHTER COWS: Breaking 75-80 Per-


cent Lean, $67.50-70, High Dressing $75.25; Boning 80-85 Percent Lean, $65-73.25, High Dressing $74-75.50, Low Dressing $61.50; Lean 85-90 Percent Lean, few $51-61, High Dressing $63-66.25. SLAUGHTER BULLS: Yield Grade 1-2: Few


1170-2055 lbs, $85-88.50, High Dressing $89.50-90.25, Low Dressing $77.25. STOCKER COWS : Very few 3-4 yrs old 775-


920 lbs, $71.25-83.50. REPLACEMENT COWS: Medium 2: Few 4-


7 yrs old, 780-985 lbs, 2nd and 3rd stage, $670-775. COW-CALF PAIRS: Medium and Large 1-2: ∆


Scarce.


ventory was 100.6 percent of June 1, 2010. The aver- age of pre-release trade forecasts was that both the sow herd and the market hog inventory were up 0.1 percent compared to last June. The USDA survey number is not significantly higher than the trade fore- casts, so do not expect much market reaction. Cash hog prices surged to record highs this week. Carcass prices hit a dollar per pound for the first time ever. The national average negotiated carcass price for direct delivered hogs on the morning report today was $100.77/cwt, up $8.54 from last Friday. The Friday


T


oday’s USDA hogs and pigs report said the na- tion’s June 1 swine breeding herd inventory was 100.3 percent of a year ago. The market hog in-


morning price report for the eastern corn belt was $100.42/cwt. Nether Iowa-Minnesota nor the western corn belt had enough early hog sales for a market re- port. Friday’s top live hog price at Peoria was $66. Zumbrota’s top was $68/cwt. The top for interior Mis- souri hogs was $69.75/cwt, $5.25 higher than the previous Friday. The pork cutout value rose for the third week in a


row. USDA’s Thursday afternoon calculated pork cutout value was $99.27/cwt, up $6.46 from the pre- vious Thursday. Loins, hams, bellies and butts were all higher. Packer margins continue to be tight. This morning’s national average hog carcass price equaled 101.5 percent of the pork cutout value. Hog slaughter totaled 1.936 million head this week,


down 1.9 percent from last week and down 0.6 per- cent compared to the same week last year. Barrow and gilt carcass weights for the week ending June 11


CONTINUED ON PAGE 26


Patton Junction Livestock Auction JUNE 20, 2011 • Patton, Mo.


Receipts: 569 Week Ago: 483 Last


Year: 704 Compared to last week, steers and heifers sold


$5-10 higher on a light test. Slaughter cows and bulls sold $1 higher; Demand very good and sup- ply light. Cows made up approximately 19 per- cent of the run, 81 percent feeders. Steers made up approximately 41 percent of the offering, 48 percent heifers. Offerings over 600 lbs totaled around 26 percent. FEEDER STEERS: Medium and Large 1-2:


Few 250-300 lbs $144-156; few 300-350 lbs $145-153; few 350-400 lbs $150-160; 400-500 lbs $134-145; 500-600 lbs $125-137.50; 600-700 lbs $117-129.75; few 700-775 lbs $108.50- 116.50; pkg 815 lbs $110.50. Medium 2: Few 300-375 lbs $116-128; few 400-425 lbs $111- 115; 450-500 lbs $125-134; few 500-575 lbs $110-121.50; 600-700 lbs $110.50-117.50. FEEDER HEIFERS: Medium and Large 1-2: Few 300-350 lbs $125-132; 350-400 lbs $128-


139; 400-500 lbs $125.50-137; 500-600 lbs $117.25-129.50; 600-700 lbs $110.50-123.50; few 700-725 lbs $105-110. Medium 2: Pkg 490 lbs $121; few 500-550 lbs $111-118. FEEDER BULLS: Medium and Large 1-2:


500-550 lbs $126-130; 550-600 lbs $115-126; few 600-675 lbs $108-121.50; pkg 770 lbs $104. SLAUGHTER COWS: Breaking 75-80 Percent


Lean, few $70-74, High Dressing $80-81; Bon- ing 80-85 Percent Lean, $68-77.50, High Dress- ing, $79.50, Low Dressing $66.50; Lean, 85-90 Percent Lean, few $61-65, High Dressing $66.50-67, Low Dressing $51. SLAUGHTER BULLS: Yield Grade 1-2: Few


1160-1940 lbs, $84-88.50, High Dressing $93. STOCKER COWS: Scarce. REPLACEMENT COWS: Medium and Large


1-2: Scarce. COW-CALF PAIRS: Medium and Large 1-2: ∆


BUILT STRONGER TO LAST LONGER


Few 5-7 yrs old, 1020-1210 lbs with 100-190 lbs calves, $1110-1350 per pair.


Lots of New Gooseneck Trailers To Choose From! IF WE DONʼT HAVE IT WE CAN ORDER IT FOR YOU!


Drying your grain with certified capacities from 40,000 to 140,000 bushels per week!


Shivvers is so sure of our Performance System that we will certify your capacities in writing.


I-55 & Airport Exit • Cape Girardeau, MO • 573-335-0434 www.mackeequipment.com


20• MidAmerica Farmer Grower / July 1, 2011 Macke Equip., Inc.


Good Used Trailers In Stock


Tough Jobs Demand Tough Equipment Get More Trailer For Your Money


Poplar Bluff Farm Equipment Co. 208 Ridge Hollow Lane • Poplar Bluff, MO • 573-686-2448


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28