Oil and gas, livestock prices for March 23

Published: March 23, 2013
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Continental Resources Inc.; Worthington No. 1-34H Well; NW1/4 SW1/4 SE1/4 SW1/4 (SL) of 34-04N-05W; 3,543,000 cu-ft gas per day, 152 barrels oil per day; TD 19,720.

Marathon Oil Co.; Brown Trust No. 1-1H Well; S1/2 SW1/4 SE1/4 SE1/4 (SL) of 01-04N-06W; 197 barrels oil per day, 2,463,000 cu-ft gas per day; TD 19,233.

Marathon Oil Co.; Eli No. 1-20H Well; SW1/4 NE1/4 NW1/4 NW1/4 (SL) of 20-03N-05W; 5,292,000 cu-ft gas per day, 24 barrels oil per day; TD 17,957.

Newfield Expl Midcontinent Inc.; Swanson No. 1H-14 Well; NW1/4 NE1/4 NW1/4 NE1/4 (SL) of 14-08N-05W; 27 barrels oil per day, 85,000 cu-ft gas per day; TD 15,334.

Grant: CH4 Energy II LLC; Rapp No. 24-1H Well; S1/2 S1/2 SW1/4 SE1/4 (SL) of 24-28N-07W; 19 barrels oil per day; TD 6,823.

SandRidge Exploration & Production LLC; Alfred 2805 No. 1-34H Well; N1/2 N1/2 NE1/4 NW1/4 (SL) of 34-28N-05W; 4,244,000 cu-ft gas per day, 229 barrels oil per day; TD 9,350.

SandRidge Exploration & Production LLC; Noemi 2705 No. 3-30H Well; SE1/4 SW1/4 SW1/4 SW1/4 (SL) of 30-27N-05W; 1235 barrels oil per day, 2,567,000 cu-ft gas per day; TD 9,508.

SandRidge Exploration & Production LLC; Whitzel Trust 2706 No. 2-26H Well; SE1/4 SW1/4 SE1/4 SW1/4 (SL) of 23-27N-06W; 352 barrels oil per day, 638,000 cu-ft gas per day; TD 10,001.

Johnston: XTO Energy Inc.; Camp Creek No. 1-29H Well; SW1/4 SE1/4 SW1/4 SW1/4 (SL) of 29-04S-04E; 1,897,000 cu-ft gas per day, 6 barrels oil per day; TD 16,112.

Kay: Devon Energy Production Co. LP; Cales No. 1-3MH Well; SW1/4 SE1/4 SW1/4 SW1/4 (BHL) of 03-27N-04E; 76 barrels oil per day, 147,000 cu-ft gas per day; TD 8,237.

PetroQuest Energy LLC; Robert No. 1-11H Well; SE1/4 SE1/4 SW1/4 SW1/4 (SL) of 11-28N-02W; 74 barrels oil per day, 30,000 cu-ft gas per day; TD 7,600.

Range Production Co.; Becker No. 1-28H Well; NW1/4 NW1/4 NW1/4 SW1/4 (BHL) of 28-25N-01W; 216 barrels oil per day, 1,039,000 cu-ft gas per day; TD 7,700.

Logan: Devon Energy Production Co. LP; Hopfer No. 1-20 WH Well; NW1/4 NW1/4 NW1/4 NE1/4 (SL) of 20-18N-03W; 167 barrels oil per day, 225,000 cu-ft gas per day; TD 11,440.

Marshall: XTO Energy Inc.; Stowers No. 1-31H30 Well; SW1/4 NE1/4 NE1/4 NE1/4 (BHL) of 30-04S-04E; 2,955,000 cu-ft gas per day, 14 barrels oil per day; TD 17,366.

SOURCE: OIL-LAW RECORDS CORP.

LIVESTOCK

Friday's livestock report from the Oklahoma City Stockyards:

Receipts: 31,746; Last Week: 32,201; Last Year: 21,730.

Combined weighted average report for Oklahoma auctions. Auctions reported this week: Ada, Apache, El Reno, McAlester, Oklahoma City and Woodward. Feeder steers and heifers 2.00-5.00 lower. Steer and heifer calves 2.00-6.00 lower. Demand moderate at best again this week. Losses continue in the feedyards and space remains limited thus reducing the already limited demand.

Feeder Steers: Medium and Large No. 1: Calves: 289 lbs. $217.92; 318 lbs. $204.35; 379 lbs. $204.77; 427 lbs. $180.60; 477 lbs. $170.74; 527 lbs. $168.54; 570 lbs. $163.67; 624 lbs. $141.69; 671 lbs. $138.51. Yearlings: 626 lbs. $153.83; 678 lbs. $146; 723 lbs. $137.73; 773 lbs. $135.03; 824 lbs. $129.27; 873 lbs. $124.70; 924 lbs. $122.07; 975 lbs. $119.83; 1,021 lbs. $117.28.

Feeder Heifers: Medium and Large No. 1: Calves: 328 lbs. $175.90; 378 lbs. $168.02; 426 lbs. $159.78; 479 lbs. $151.55; 522 lbs. $147.66; 573 lbs. $140.33; 628 lbs. $128.25; 672 lbs. $126.99. Yearlings: 622 lbs. $133.75; 675 lbs. $129.39; 723 lbs. $126.20; 766 lbs. $123.79; 822 lbs. $119.79; 871 lbs. $117.82; 911 lbs. $116.45.

Slaughter Cows: Average dressing Breakers $82-$86; Boners $85-$90.50; Lean cows $78 $83.50. Slaughter bulls Average dressing $99-$104.

SLAUGHTER CATTLE

Slaughter cattle mostly $2 lower. Dressed sales $4-$6 lower. Sales confirmed so far this week totaled about 70,775 head thru Friday afternoon. Last week 77,254.

Nebraska Feed Yards

Live Basis: Steers and Heifers: $124-$125.50

Dressed Basis: Steers and Heifers: $198-$198.50

Texas and Kansas Feed Yards

Live Basis: $125.

CATTLE FUTURES

Friday's Close.

Live Cattle: April $126.20; June $121.17; Aug $122.85; Oct $126.92.

Feeder Cattle: March $134.65; April $138.05; May $140.25; Aug $147.95.

USDA'S CATTLE ON FEED REPORT

Cattle on feed as of March 1, 2013 totaled 10.9 million head, 93 percent of a year ago. Placements of cattle in the feedlots during February totaled 1.48 million head, 86 percent of a year ago. Cattle weighing under 600 lbs., 25 percent of the total placements; 600-700 lbs., 18 percent; 700-800 lbs., 27 percent; and 800 lbs. and up were 30 percent of the total placements. Marketings of fed cattle during the month of February totaled 1.64 million head, 93 percent of a year ago.

CATTLE SLAUGHTER

Federally Inspected Cattle: 601,000 head down 0.3 percent from a year ago.

HOGS

Oklahoma City Direct Hogs

Receipts: 465 head this week

Barrows and Gilts:

U.S. Nos. 1-3 220-270 lbs., $44

Sows:

U.S. Nos. 1-3 300-500 lbs., $50-$52

U.S. Nos. 1-3 500-700 lbs., $55-$57

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 $70.09.

HOG FUTURES

Friday's close.

Dressed Basis: (74% yield): April $78.05; May $88.20; June $89.72; July $89.80.

HOG SLAUGHTER

Federally Inspected Hogs: 2.176 million head up 2.1 percent from a year ago.

SHEEP AND GOATS

OKC West, El Reno, OK. Sheep and Goat Auction Report for Wed 03/20/2013 Receipts 1,392 Compared to the last sale Mar 6: Slaughter lambs $15-$30 lower. Slaughter ewes $5-$10 higher. Feeder lambs $10-$20 lower. Slaughter kids $30-$50 lower. Demand extremely light for all classes with exception of slaughter ewes. Supply included 54 percent goats; 46 percent sheep. All classes sold by the CWT.

SLAUGHTER GOATS: Selection No. 1: 25-50 lbs. $149-$175; 50-80 lbs. $152-$177; 80-100 lbs. $126-$160. Selection No. 1-2: 25-50 lbs. $131-$159; 50-60 lbs. $146-$150. Selection No. 2: 35-50 lbs. $100-$140; 50-80 lbs. $60-$130; 115 lbs. $90.

SLAUGHTER YEARLINGS: Selection No. 1: 80-135 lbs. $87-$140. Selection No. 1-2: 95 lbs. $80. Selection No. 2: 70-80 lbs. $81-$110; 90-115 lbs. $82-$135. Selection No. 3: 90-110 lbs. $66-$94.

SLAUGHTER NANNIES: Selection No. 1: 60-80 lbs. $120-$140. Selection No. 3: 80-125 lbs. $89-$94.

SLAUGHTER LAMBS: Choice Nos. 2-3: Wooled and Shorn: Hair Sheep 50-90 lbs. $128-$156. Hair Sheep 95-115 lbs. $60-$92; 60-80 lbs. $115-$126; 80-110 lbs. $96-$129; 130-190 lbs. $80-$107.

SLAUGHTER EWES: Good Yield Grade Nos. 2-3: 105-240 lbs. $46-$68. Utility and Cull Yield Grade Nos. 1-3: Hair Sheep 100-115 lbs. $55-$61; 75-197 lbs. $30-$72.

FEEDER LAMBS: Small and Medium No. 1: Hair Sheep 45-55 lbs. $130-$150. Small and Medium No. 1-2 Hair Sheep 40-55 lbs. $126-$134.

SHEEP SLAUGHTER

Federally Inspected Sheep/Lambs: 46,000 head up 15 percent from a year ago.

BOXED BEEF

Estimated Composite Boxed Beef Cutout Values: Friday. Box beef cut-out values: $3 lower than last Friday. Choice 600-900 lbs. $191.43; Select 600-900 lbs. $192.28.

MEAT PRODUCTION

Beef: 476.9 million lbs. up 0.7 percent from a year ago.

Pork: 451.7 million lbs. up 1.4 percent from a year ago.

Lamb: 3.4 million lbs. up 9.7 percent from a year ago.

Cattle Carcass Weights – National Average: This week estimate: 796 lbs.; Last week estimate: 798 lbs.; Last year's actual: 787 lbs.

SOURCE: USDA-OKLAHOMA AGRICULTURE DEPARTMENT MARKET NEWS SERVICE