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Oil and gas, livestock prices for Nov. 10

Published: November 10, 2012
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Combined weighted average report for Oklahoma auctions. Seven auctions reported this week: Ada, Apache, El Reno, Mcalester, Oklahoma City, Tulsa, and Woodward. Feeder cattle sold steady to $2 higher with good demand on increased numbers. Steer and heifer calves mostly $1-$3 lower. Strong south winds continue to blow across the state causing pastures to dry out even more. Temps also unusually warm for early November. These conditions are limiting the demand for calves.

Feeder Steers: Medium and Large No. 1: Calves: 327 lbs. $205.57; 378 lbs. $195.26; 422 lbs. $182.99; 469 lbs. $168.55; 521 lbs. $160.37; 574 lbs. $150.11; 626 lbs. $142.10; 668 lbs. $139.73; 721 lbs. $138.83; 778 lbs. $137.83; Yearlings: 625 lbs. $148.74; 679 lbs. $146.16; 726 lbs. $144.72; 770 lbs. $144.27; 811 lbs. $143.44; 875 lbs. $142.33; 910 lbs. $138.69; 970 lbs. $133.83.

Feeder Heifers: Medium and Large No. 1: Calves: 319 lbs. $170.07; 374 lbs. $164.57; 421 lbs. $154.07; 476 lbs. $145.59; 524 lbs. $139.49; 570 lbs. $137.06; 620 lbs. $133.55; 670 lbs. $130.89; Yearlings: 627 lbs. $140.19; 667 lbs. $136.82; 727 lbs. $132.88; 779 lbs. $134.57; 816 lbs. $126.22; 873 lbs. $126.41; 928 lbs. $121.35.

Slaughter Cows: Average dressing Boners and Breakers $72-$78.50. Lean cows $70-$74. Slaughter bulls Average dressing $93-$96.

SLAUGHTER CATTLE

Slaughter cattle lightly tested and $1 lower. Dressed basis $1-$2 lower in a light test. Sales confirmed so far this week totaled about 35,458. Last week 84,884.

Nebraska Feed yards

Live Basis: Steers and Heifers: $125.

Dressed Basis: Steers and Heifers: $194-$195.

Texas and Kansas Feed Yards

Live Basis: $125-$126.

CATTLE FUTURES

Friday's Close.

Live Cattle: Dec. $125.75; Feb. $129.35; April $133.27; June $129.40.

Feeder Cattle: Nov. $144.20; Jan. $145.60; March $148; April $149.80.

CATTLE SLAUGHTER

Federally Inspected Cattle: 631,000 head up .2 percent from a year ago.

HOGS

Oklahoma City Direct Hogs- Receipts: 395 head this week.

Barrows and Gilts:

U.S. Nos. 1-3 220-270 lbs., $48.

Sows:

U.S. Nos. 1-3 300-500 lbs., $42-$46.

U.S. Nos. 1-3 500-700 lbs., $48-$50.

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 $77.78.

HOG FUTURES

Friday's close.

Dressed Basis: (74% yield): Dec. $80.75; Feb. $86.32; April $91.00; May $97.50.

HOG SLAUGHTER

Federally Inspected Hogs: 2.367 million head up 2.61 percent from a year ago.

SHEEP AND GOATS

Receipts: 1,401

Compared to the last sale Oct. 17th: Slaughter goats $2-$5 lower. Slaughter nannies steady. Slaughter billies $10 lower. Slaughter lambs under 90 lbs. $10-$20 lower; over 90 lbs. steady to $4 lower. Slaughter ewes $6-$10 higher. Feeder lambs lightly tested and $7-$8 lower. Demand moderate for goats; moderate to good for lambs. Supply included 52 percent goats; 48 percent sheep. All classes sold by the CWT.

SLAUGHTER GOATS: Selection No. 1: 30-35 lbs. $174-$176; 40-50 lbs. $158-$167; 50-60 lbs. $156 $164; 60-80 lbs. $154-$167; Wethers lot 79 lbs. $140; 80-100 lbs. $135-$155.

SLAUGHTER NANNIES: Selection No. 1: 90-130 lbs. $87-$116; mostly $90-$105. Selection No. 2: 80 100 lbs. $77-$88; 100-140 lbs. $68-$83.

SLAUGHTER BILLIES: Selection No. 1-2: 80-100 lbs. $95-$115; 100-150 lbs. $86-$110; 150-230 lbs. $81-$97.

SLAUGHTER LAMBS: Choice Nos. 2-3: Wooled and Shorn: 60-90 lbs. $90-$95, few $115-$128; 90 110 lbs. $84-$110, mostly $85-$98; 110-150 lbs. $83-$90.

SLAUGHTER EWES: Choice Nos. 2-3: 120-135 lbs. $72-$85; Good Nos. 2-3: 100-140 lbs. $60-$70; Utility Nos. 1-3: 125-165 lbs. $40-$51.

FEEDER LAMBS: Medium and Large No. 1-2: Hair Sheep lot 58 lbs. $124; 45-80 lbs. $110-$125

SHEEP

Federally Inspected Sheep/Lambs: 42,000 head up 2.6 percent from a year ago.

BOXED BEEF

Estimated Composite Boxed Beef Cutout Values: Friday. Box beef cut-out values: $1.43 lower than last Friday. Choice 600-900 lbs. $191.87; Select 600-900 lbs. $173.56.

MEAT PRODUCTION

Beef: 502.6 million lbs. up 3.7 percent from a year ago.

Pork: 482.8 million lbs. up .5 percent from a year ago.

Lamb: 2.9 million lbs. unchanged from a year ago.

Cattle Carcass Weights - National Average: This week estimate: 798 lbs.; Last week estimate: 800 lbs.; Last year actual: 771 lbs.

SOURCE: USDA-OKLAHOMA AGRICULTURE DEPARTMENT MARKET NEWS SERVICE