Oil and gas, livestock prices for Feb. 16

Published: February 16, 2013
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Payne: Devon Energy Production Co. LP; Aldridge 27-19W-1W No. 1MH Well; NE1/4 SE1/4 SE1/4 SE1/4 (SL) of 22-19N-01W; TD 10,542.

Pottawatomie: Sharber Billy Jack Operating LLC; Jones No. 1-9A Well; NE1/4 SW1/4 SE1/4 NE1/4 of 09-09N-04E; TD 4,850.

Washita: SM Energy Co.; Bullitt No. 2-25H Well; SW1/4 SE1/4 SE1/4 SE1/4 (SL) of 25-11N-18W; TD 17,350.

Woods: SandRidge Exploration & Production LLC; Skyhawk 2814 No. 4-36H Well; NW1/4 NW1/4 NE1/4 NE1/4 (SL) of 36-28N-14W; TD 10,920.

SOURCE: OIL-LAW RECORDS CORP.

LIVESTOCK

Friday's livestock report from the Oklahoma City Stockyards: Feeder Cattle Weighted Average Report and Cow and Bull Report for Week of Feb. 8 to Thursday.

Receipts: 19,243; Last Week 24,079; Last Year 14,692

Combined weighted average report for Oklahoma auctions. Seven auctions reported this week: Apache; El Reno; McAlester; Oklahoma City; Tulsa and Woodward. Ada not included this week due to limited receipts. Feeder steers traded $4-$8 lower. Feeder heifers sold $3-$6 lower. Feeder cattle demand moderate following a heavy downturn of future contracts. Steer and heifer calves sold $3-$7 lower. Heavy snowfall this past week has brought some much needed moisture to area pastures.

Feeder Steers: Medium and Large No. 1: Calves: 323 lbs. $209.67; 372 lbs. $204.37; 430 lbs. $196.97; 471 lbs. $179.17; 522 lbs. $176.96; 569 lbs. $164.88; 629 lbs. $151.90; 686 lbs. $144.75; Yearlings: 622 lbs. $160.29; 673 lbs. $150.10; 717 lbs. $144.35; 777 lbs. $139.21; 824 lbs. $137.50; 871 lbs. $135.13; 921 lbs. $131.85; 972 lbs. $129.99; 1,021 lbs. $127.31.

Feeder Heifers: Medium and Large No. 1: Calves: 376 lbs. $176.91; 429 lbs. $166.57; 476 lbs. $161.74; 517 lbs. $158.23; 575 lbs. $145.72; 630 lbs. $137.26; 679 lbs. $135.41; Yearlings: 621 lbs. $140.73; 676 lbs. $136.66; 722 lbs. $134.50; 760 lbs. $131.81; 821 lbs. $129.92; 858 lbs. $129.78; 914 lbs. $124.39.

Slaughter Cows: Average dressing Boners and Breakers $82-$88; Lean cows $77-$82.50. Slaughter bulls Average dressing $98-$103.50.

SLAUGHTER CATTLE

Slaughter cattle $2 lower. Dressed sales $4 lower. Sales confirmed so far this week totaled about 63,540 head through Friday afternoon. Last week 88,930.

Nebraska Feed Yards

Live Basis: Steers and Heifers: $123

Dressed Basis: Steers and Heifers: $196

Texas and Kansas Feed Yards

Live Basis: $123

CATTLE FUTURES

Friday's Close.

Live Cattle: Feb. $126.50; April $130.45; June $126.27; Aug. $126.72

Feeder Cattle: March $143.37; April $146.62; May $150; Aug. $156.90.

CATTLE SLAUGHTER

Federally Inspected Cattle: 596,000 head down 2.3 percent from a year ago.

HOGS

Receipts: 215 head this week.

Barrows and Gilts:

U.S. Nos. 1-3 220-270 lbs., $50.

Sows:

U.S. Nos. 1-3 300-500 lbs., $38-$40.

U.S. Nos. 1-3 500-700 lbs., $44-$46.

Boars: 200-250 lbs. $20; over 250 lbs. $5.

Western Cornbelt Direct Lean Hog Base Price: Weighted average price of packers bids on a carcass basis delivered to packing plants Friday was $81.70.

HOG FUTURES

Friday's close.

Dressed Basis: (74% yield): April $84.25; May $91.62; June $92.95; July $92.85.

HOG SLAUGHTER

Federally Inspected Hogs: 2.145 million head down 0.3 percent from a year ago.

SHEEP

Federally Inspected Sheep/Lambs: 39,000 head up 8.3 percent from a year ago.

BOXED BEEF

Estimated Composite Boxed Beef Cutout Values: Friday. Box beef cutout values $.31 higher than last Friday. Choice 600-900 lbs. $181.18; Select 600-900 lbs. $180.87.

MEAT PRODUCTION

Beef: 476.7 million lbs. down 0.7 percent from a year ago.

Pork: 444.6 million lbs. down 0.8 percent from a year ago.

Lamb: 2.8 million lbs. up 3.7 percent from a year ago.

Cattle Carcass Weights — National Average; This week estimate: 802 lbs.; Last week estimate: 799 lbs.; Last years actual: 788 lbs.

SOURCE: USDA-OKLAHOMA AGRICULTURE DEPARTMENT MARKET NEWS SERVICE

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