Cattle summary Cattle receipts: 280,900; Last Week 364,700; Last Year 239,800. . IOWA 8800. 67 pct over 600 lbs. 42 pct heifers. Steers: Medium and Large 1 250-300 lbs (286) 199.89; 300-350 lbs (326) 187.52; 350-400 lbs (377) 185.02; 400-450 lbs (423) 184.11; 450-500 lbs (472) 172.02; 500-550 lbs (529) 162.40; 550-600 lbs (568) 157.02; 600-650 lbs (627) 146.00; 650-700 lbs (674) 142.16; 700-750 lbs (737) 135.45; 750-800 lbs (773) 128.46; 800-850 lbs (821) 124.66; 850-900 lbs (875) 122.10; 900-950 lbs (931) 121.56; half load 980 lbs 116.00. Medium and Large 1-2 350-400 lbs (384) 183.15; 400-450 lbs (431) 180.02; 450500 lbs (483) 164.85; 500-550 lbs (522) 157.54; 550-600 lbs (577) 145.82; 600- 650 lbs (632) 139.25; 650-700 lbs (667) 138.37; 700-750 lbs (744) 129.70; part load 795 lbs 118.06. Heifers: Medium and Large 1 250-300 lbs (278) 154.09; 300-350 lbs (326) 158.75; 350-400 lbs (379) 154.46; 400-450 lbs (418) 152.95; 450-500 lbs (473) 145.18; 500-550 lbs (522) 141.34; 550-600 lbs (581) 137.37; 600-650 lbs (627) 131.92; 650-700 lbs (669) 128.05; 700-750 lbs (731) 123.60; 750-800 lbs (771) 122.54; 900-950 lbs (924) 109.80. Medium and Large 1-2 500- 550 lbs (523) 133.19; 550-600 lbs (586) 128.66; 600-650 lbs (630) 125.47; 750- 800 lbs (788) 113.40. NEBRASKA 13,100. 73 pct over 600 lbs. 47 pct heifers. Steers: Medium and Large 1 300-350 lbs (337) 196.86; 350-400 lbs (372) 195.44; 400-450 lbs (438) 189.84; 450-500 lbs (476) 177.78; 500-550 lbs (525) 170.83; 550-600 lbs (575) 163.68; 600-650 lbs (629) 154.44; 650-700 lbs (678) 149.74; 700-750 lbs (717) 142.86; 750-800 lbs (780) 135.96; 800-850 lbs (822) 128.77; 850-900 lbs (872) 127.51; 900-950 lbs (933) 124.54; 950-1000 lbs (987) 119.37. Medium and Large 1-2 400-450 lbs (413) 174.98; 450-500 lbs (476) 164.65; 500-550 lbs (525) 161.78; 550-600 lbs (582) 153.37; 600-650 lbs (636) 143.86; 650-700 lbs (680) 137.27; 700-750 lbs (715) 134.79; pkg 795 lbs 132.25; 800850 lbs (813) 127.69. Heifers: Medium and Large 1 300-350 lbs (337) 178.76; 350-400 lbs (367) 172.64; 400-450 lbs (429) 161.29; 450-500 lbs (471) 158.36; 500-550 lbs (529) 150.60; 550-600 lbs (567) 143.02; 600-650 lbs (630) 135.94; 650-700 lbs (677) 132.51; 700-750 lbs (714) 130.58; 750-800 lbs (772) 123.69; 800-850 lbs (834) 119.35; 850-900 lbs (867) 120.41; half load 945 lbs 121.50. Medium and Large 1- 2 350-400 lbs (369) 163.97; 400-450 lbs (436) 155.93; 450-500 lbs (472) 149.02; 500-550 lbs (515) 140.45; 550-600 lbs (577) 137.08; 600-650 lbs (619) 129.13; 650-700 lbs (692) 127.88; pkg 745 lbs 123.50; half load 760 lbs 124.00; 800-850 lbs (822) 118.92. WYOMING 5800. 48 pct over 600 lbs. 41 pct heifers. Steers: Medium and Large 1 350-400 lbs (368) 176.91; 400-450 lbs (434) 177.05; 450500 lbs (480) 167.57; 500-550 lbs (530) 166.29; 550-600 lbs (583) 157.60; 600-650 lbs (633) 149.26; 650-700 lbs (670) 143.57; 700-750 lbs (728) 134.24; 750-800 lbs (773) 133.74; 800-850 lbs (825) 123.50; 880 lbs 128.00. Medium and Large 1-2 400-450 lbs (424) 152.30; pkg 500 lbs 152.30; half load 560 lbs 144.00. Heifers: Medium and Large 1 350-400 lbs (388) 150.09; 400-450 lbs (429) 146.84; 450-500 lbs (482) 143.94; 500-550 lbs (519) 142.28; 550-600 lbs (581) 137.15; 600-650 lbs (614) 136.49; 650-700 lbs (669) 128.12; 700-750 lbs (710) 128.58. Medium and Large 1-2 450-500 lbs (468) 151.25; pkg 525 lbs 130.50. DAKOTAS 28,200. 83 pct over 600 lbs. 43 pct heifers. South Dakota22,700. Steers: Medium and Large 1 400-450 lbs (436) 176.87; 450500 lbs (480) 166.81; 500-550 lbs (524) 168.71; 550-600 lbs (572) 156.70; 600-650 lbs (619) 151.28; 650-700 lbs (675) 146.64; 700-750 lbs (729) 137.88; 750-800 lbs (779) 132.62; 800-850 lbs (826) 128.90; 850-900 lbs (873) 124.96; 900-950 lbs (916) 123.65; 950-1000 lbs (971) 122.39. Medium and Large 1-2 500-550 lbs (538) 162.08; 550600 lbs (590) 140.30; 600-650 lbs (626) 137.21; 650-700 lbs (674) 133.88; 700- 750 lbs (724) 132.01; 750-800 lbs (758) 131.19; 800-850 lbs (819) 119.28; 850- 900 lbs (877) 122.58. Heifers: Medium and Large 1 350-400 lbs (383) 170.31; 400-450 lbs (428) 155.28; 450-500 lbs (474) 153.41; 500-550 lbs (516) 146.20; 550-600 lbs (575) 140.16; 600-650 lbs (626) 134.57; 650-700 lbs (677) 130.35; 700-750 lbs (724) 126.26; 750-800 lbs (772) 124.79; 800-850 lbs (821) 121.30; 850-900 lbs (871) 117.81; 900-950 lbs (914) 120.09; 950-1000 lbs (964) 118.22. Medium and Large 1-2 350-400 lbs (370) 160.33; 400-450 lbs (416) 148.19; 450- 500 lbs (481) 141.93; 500-550 lbs (536) 130.25; 550-600 lbs (579) 133.67; 600- 650 lbs (625) 121.47; 650-700 lbs (676) 121.70; 700-750 lbs (713) 124.04; 750- 800 lbs (765) 120.60. North Dakota- 5500. Steers: Medium and Large 1 350- 400 lbs (379) 170.09; 400-450 lbs (430) 174.53; 450-500 lbs (486) 165.21; 500- 550 lbs (517) 164.08; 550-600 lbs (573) 154.58; 600-650 lbs (628) 151.52; 650- 700 lbs (677) 144.42; 700-750 lbs (727) 137.97; 750-800 lbs (778) 128.29; 800- 850 lbs (827) 124.74; 850-900 lbs (872) 124.06; 900-950 lbs (945) 121.87; 950 lbs 121.25. Medium and Large 1-2 400-450 lbs (441) 160.01; 450-500 lbs (439) 150.81; 500-550 lbs (539) 150.81; 550-600 lbs (589) 144.44; 600-650 lbs (638) 143.58; 650-700 lbs (681) 133.29; 700-750 lbs (739) 127.23. Heifers: Medium and Large 1 350-400 lbs (363) 160.59; 400-450 lbs (436) 146.58; 450-500
AGWEEK / Monday, March 25, 2013 – PAGE 25
MARKETS lbs (467) 144.51; 500-550 lbs (523) 140.93; 550-600 lbs (574) 137.26; 600-650 lbs (618) 133.17; 650-700 lbs (677) 130.46; 700-750 lbs (724) 125.32; 750-800 lbs (772) 122.77; 800-850 lbs (821) 119.07; 850-900 lbs (866) 119.07. Medium and Large 1-2 500-550 lbs (522) 131.10; 550-600 lbs (586) 132.50. MONTANA 2900. 28 pct over 600 lbs. 54 pct heifers. Steers: Medium and Large 1 Pkg 480 lbs 169.00; Pkg 542 lbs 156.50; 550-600 lbs (572) 154.58; 650- 700 lbs (659) 132.61; 850-900 lbs (870) 120.16. Medium and Large 1-2 650-700 lbs (677) 130.00. Heifers: Medium and Large 1 350-400 lbs (373) 155.31; 400- 450 lbs (435) 145.75; Thin 400-450 lbs (437) 153.48; 500-550 lbs (506) 141.39; 550-600 lbs (562) 130.15; 600-650 lbs (604) 130.78; 750-800 lbs (786) 119.41.
Hog summary Receipts: 94,224; 107,830 last week; 130,995 last year. Early weaned pigs 2.00 to 3.00 per head lower. All feeder pigs 4.00 to 5.00 per head lower. Demand light to moderate on moderate offerings. Receipts include 43% formulated prices. All Prices Quoted on Per Head Basis With An Estimated Lean Value of 50-54% Formula Formula Cash Cash Lot Size Head Range Wtd Avg Head Range Wtd Avg EARLY WEANED Pigs 10-12 Pounds Basis: 600 or less 1014 41.80-41.80 41.80 1365 23.00-36.00 30.21 600 - 1200 3075 31.30-43.75 35.55 4643 25.00-30.50 27.29 1200 or more 36891 30.95-48.00 37.09 36911 18.00-43.00 26.92 Total Composite 40980 30.95-48.00 37.09 42919 18.00-43.00 27.07 FEEDER Pigs 40 Pounds Basis: 600 or less 2575 45.00-64.50 56.76 1200 or more 7750 55.00-65.00 58.61 Total Composite 10325 45.00-65.00 58.15
Sheep summary Receipts: 46,000; 43,000 last week; 40,000 last year. No sales in Equity Electronic Auction. In direct trading slaughter ewes and feeder lambs were not tested. 4200 head of negotiated sales of slaughter lambs were 1.00-2.00 higher and 12,900 head of formula sales of dressed lambs under 55 lbs were not well tested; 55-65 lbs were 3.00 lower; 65-75 lbs steady to 1.00 higher; 75-85 lbs 3.00-4.00 higher; over 85 lbs were steady to 1.00 lower. 7,605 lamb carcasses sold with 45 lbs and down sharply higher; 45-55 lbs 18.94 lower and 55 lbs and up .34 lower to 1.53 higher. All sheep sold per hundred weight (CWT) unless otherwise specified. Slaughter Lambs: Choice and Prime 2-3 90-160 lbs: Ft. Collins, CO: wooled 91 lbs 132.50. Kalona, IA: wooled 110-115 lbs 103.00-105.00; 136 lbs 102.00; 178 lbs 100.00. South Dakota: shorn and wooled 115-150 lbs 102.00-106.00; 150-160 lbs 98.00-101.00; wooled 143 lbs 90.00. Slaughter Lambs: Choice and Prime 1: Kalona, IA: 35-50 lbs 140.00-155.00; 50-60 lbs 135.00160.00; 60-70 lbs 132.50-151.00; 70-80 lbs 127.50-142.50; 90 lbs 133.00. Ft. Collins: 40-45 lbs 184.00-195.00; 60-70 lbs 120.00-125.00; 70-80 lbs 138.00-145.00; 80-95 lbs 137.50-139.00; 116 lbs 123.00. South Dakota: 51 lbs 100.00. Direct Trading: (lambs fob with 3-4 percent shrink or equivalent) 4200: Slaughter Lambs shorn and wooled 125-200 lbs 103.96-130.00 (wtd avg 118.28); no dressed sales reported. Slaughter Ewes: Ft. Collins: Good 3-5 (very fleshy) no test; Good 2-3 (fleshy) 44.00-48.00; Utility 1-2 (thin) 31.00-33.00; Cull 1 (extremely thin) 22.00-29.00. Billings, MT: Good 3-4 (very fleshy) no test; Good 2-3 (fleshy) no test; Utility 1-2 (thin) no test; Cull and Utility 1-2 (very thin) no test; Cull 1 (extremely thin) no test. So Dakota: Good 3-4 (very fleshy) 25.50; Good 2-3 (fleshy) 27.00-39.00; Utility and Good 1-3 (medium flesh) 40.00-45.00; Utility 1-2 (thin) 21.00-30.00; Cull 1 (extremely thin) 6.00-19.00. Kalona: Good 2-4 (very fleshy) 31.00; Good 2-3 27.00-32.50; Utility and Good 1-3 31.00-38.00; Utility 1-2 25.0032.50. Feeder Lambs: Medium and Large 1-2: Ft. Collins: 54 lbs 140.00; 64 lbs 152.50. Kalona: 25-40 lbs 140.00-165.00; 40-50 lbs 145.00-170.00; 71 lbs 152.50. So Dakota: 29 lbs 137.50; 39 lbs 154.00; 49 lbs 167.50; 50-60 lbs 144.00-160.00; 70-90 lbs 106.00125.00; 90-95 lbs 100.00-112.00; 100-105 lbs 105.00-106.00; 115-120 lbs 94.00-99.50. Replacement Ewes: Medium and Large 1-2: Ft. Collins: bred baby tooth 80.00 per head; young ewes with lambs 145.00-155.00 per family. So Dakota: bred baby tooth 152.50 per head, blackface 100.00-115.00 per head; bred baby tooth to solid mouth 105.00 per head; bred solid mouth 75.00-87.50 per head; bred broken mouth 50.00-60.00 per head; open baby tooth 160 lbs 46.00 cwt. Kalona, IA: open blackface 197 lbs 57.50 cwt.
Live cattle options
Strike Calls Puts price__________ _______________________________ ______ Apr May Jun Apr May Jun 116 10.20 5.65 6.02 0.02 0.47 0.85 118 8.22 4.00 4.50 0.02 0.82 1.32 120 6.25 2.60 3.22 0.05 1.42 2.05 122 4.35 1.50 2.17 0.15 2.32 3.00 124 2.60 0.80 1.40 0.40 3.62 4.22 126 1.25 0.37 0.85 1.05 5.20 5.67 128 0.42 0.20 0.52 2.22 7.02 7.32 130 0.12 0.10 0.30 3.92 8.92 9.10 132 0.02 0.05 0.17 5.82 10.87 10.97 134 0.02 0.02 0.10 7.82 12.85 12.90 136 0.02 0.02 0.07 9.80 14.82 14.87 138 0.02 0.02 0.05 11.80 16.82 16.85 140 0.02 0.02 0.02 13.80 18.82 18.82 142 0.02 0.02 0.02 15.80 20.82 20.82 144 0.02 s 0.02 17.80 22.82 22.82 146 0.02 s 0.02 19.80 24.82 24.82 148 0.02 s 0.02 21.80 26.82 26.82 150 0.02 s 0.02 23.80 s 28.82 152 0.02 s 0.02 25.80 s 30.82 154 0.02 s 0.02 27.80 s 32.82 156 0.02 s 0.02 29.80 s 34.82 158 0.02 s s 31.80 s s 160 0.02 s s 33.80 s s
Feeder cattle options
Strike Calls Puts price__________ _______________________________ ______ Mar Apr May Mar Apr May 120 14.65 s s s s s 122 12.65 16.10 s s 0.05 s 124 10.65 14.12 16.37 0.02 0.07 0.15 126 8.65 12.15 14.42 0.02 0.10 0.20 128 6.65 10.22 12.50 0.02 0.17 0.27 130 4.67 8.32 10.60 0.02 0.27 0.37 132 2.72 6.47 8.75 0.07 0.42 0.52 134 0.92 4.77 7.10 0.27 0.72 0.85 134 0.55 s s 0.40 s s 136 0.07 s s 1.92 s s 136 0.15 3.30 5.57 1.50 1.25 1.32 138 0.02 s s 3.85 s s 138 0.02 2.12 4.22 3.37 2.07 1.97 140 0.02 s s 5.85 s s 140 0.02 1.27 3.07 5.35 3.22 2.82 142 0.02 0.72 2.20 7.35 4.67 3.95 142 0.07 s s 7.85 s s 144 0.02 s s 9.85 s s 144 0.02 0.42 1.52 9.35 6.37 5.27 146 0.02 0.25 1.02 11.35 8.20 6.77 148 0.05 0.17 0.70 13.35 10.12 8.45 150 0.02 0.12 0.45 15.35 12.07 10.17 152 0.02 0.07 0.30 17.35 14.02 12.02 154 0.02 0.05 0.22 19.35 16.00 13.95 156 0.02 0.02 0.17 21.35 17.97 15.90 158 0.02 0.05 0.12 23.35 19.95 17.85 160 0.02 0.02 0.10 25.35 21.95 19.82
Lean hog options
Strike Calls Puts price__________ _______________________________ ______ Apr May Jun Apr May Jun 70 8.07 18.20 19.72 0.02 0.02 0.02 72 6.12 16.20 17.75 0.07 0.02 0.05 74 4.22 14.22 15.77 0.17 0.05 0.07 76 2.47 12.25 13.80 0.42 0.07 0.10 78 1.20 10.32 11.87 1.15 0.12 0.17 80 0.50 8.42 10.02 2.45 0.22 0.32 82 0.22 6.65 8.27 4.17 0.45 0.57 84 0.10 5.05 6.70 6.05 0.85 0.97 86 0.05 3.65 5.25 8.00 1.45 1.52 88 0.02 2.52 4.00 9.97 2.32 2.27 90 0.02 1.67 2.97 11.95 3.47 3.25 92 0.02 1.10 2.15 13.95 4.90 4.42 94 0.02 0.70 1.50 15.95 6.50 5.77 96 0.02 0.40 1.02 17.95 8.20 7.27 98 0.02 0.22 0.70 19.95 10.02 8.95 100 0.02 0.12 0.47 21.95 11.90 10.72 102 0.02 0.05 0.32 23.95 13.82 12.57
104 106 108 110 112 114 116 118 120
0.02 0.02 0.02 0.02 0.02 0.02 0.02 s s
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
0.22 0.15 0.10 0.05 0.05 0.02 0.02 0.02 0.02
25.95 27.95 29.95 31.95 33.95 35.95 37.95 s s
15.80 17.80 19.80 21.80 23.80 25.80 27.80 29.80 31.80
14.47 16.40 18.35 20.30 22.30 24.27 26.27 28.27 30.27
CME BFP milk options
Strike Calls Puts price__________ _______________________________ ______ Mar Apr May Mar Apr May 1800 0.01 0.08 0.63 1.01 0.50 0.37 1850 0.01 0.02 0.39 1.51 0.94 0.63 1900 0.01 0.01 0.22 2.01 1.42 0.96 1950 0.01 0.01 0.12 2.51 1.92 1.36 2000 0.01 0.02 0.06 3.01 2.42 1.80 2050 0.02 0.02 0.03 3.51 2.92 2.27 2100 0.01 0.01 0.01 4.01 3.42 2.75 2150 0.01 0.01 0.01 4.51 3.92 3.24 2200 0.01 0.01 0.02 5.01 4.42 3.74 2250 0.01 0.01 0.01 5.51 4.92 4.24 2300 0.03 0.01 0.01 6.01 5.42 4.74 2350 0.02 0.07 0.01 6.51 5.92 5.24 2400 0.02 0.05 0.01 7.01 6.42 5.74
Futures
Feeder cattle futures
Fri. Stlmnt Mar 13 ...............134.65 Apr 13 ................138.05 May 13...............140.25 Aug 13 ...............147.95 Sep 13 ...............149.95 Oct 13 ................150.95 Nov 13 ...............151.70 Jan 14 ................149.90
Week High 137.12 139.80 141.80 149.00 151.00 151.75 152.50 152.00
Week Low 134.55 136.77 138.52 145.25 147.35 148.45 149.90 149.00
Cont High 164.00 164.50 164.00 164.05 164.25 164.75 165.10 163.95
Cont Low 134.55 136.77 138.52 145.25 147.10 148.17 148.95 148.72
Fri. Stlmnt Apr 13 ................126.20 Jun 13................121.17 Aug 13 ...............122.85 Oct 13 ................126.92 Dec 13 ...............128.30
Week High 127.00 122.70 124.20 128.00 129.00
Week Low 124.65 120.10 121.45 125.80 127.10
Cont High 138.00 133.52 133.50 136.95 137.50
Cont Low 124.65 120.10 121.45 125.50 126.87
Live cattle futures
Lean hog futures
Fri. Stlmnt Apr 13 ..................78.05 May 13.................88.20 Jun 13..................89.72 Jul 13 ...................89.80 Aug 13 .................89.65 Oct 13 ..................80.40 Dec 13 .................77.60
Week High 79.90 89.12 89.82 90.10 90.10 80.75 78.10
Week Cont Low High 76.80 92.82 86.80 99.20 87.10 101.70 87.82 101.30 87.82 100.05 78.35 88.95 75.60 85.07
Cont Low 76.80 84.40 85.60 84.60 84.00 76.00 74.00
Fri. Stlmnt Mar 13 .................16.99 Apr 13 ..................17.58 May 13.................18.26 Jun 13..................18.85 Jul 13 ...................19.17 Aug 13 .................19.24 Sep 13 .................19.14 Oct 13 ..................18.80 Nov 13 .................18.55 Dec 13 .................18.20
Week High 16.99 17.65 18.61 19.03 19.75 19.87 19.24 18.90 18.65 18.29
Week Low 16.95 17.32 17.82 18.33 18.71 19.08 18.75 18.73 18.45 18.15
Cont Low 15.55 15.51 15.65 15.53 15.90 15.81 15.90 15.75 15.50 15.25
CME BFP milk futures
Cont High 19.48 19.35 19.17 19.35 19.75 19.87 19.82 19.30 18.95 19.26