Oklahoma oil and gas prices: January 12, 2013

Oklahoma oil and gas prices, livestock, Jan. 12
Oklahoman Published: January 12, 2013
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Seminole: RKR Exploration Inc.; R. Coker No. 1 Well; W1/2 NW1/4 SE1/4 NE1/4 of 02-08N-05E; TD 6,050.

Stephens: Jasmine Inc.; Paul Ray No. 1 Well; N1/2 SE1/4 NW1/4 NE1/4 of 05-02S-06W; TD 4,000.

Woods: Chaparral Energy LLC; Engle No. 1H-6 Well; SW1/4 SE1/4 SE1/4 SE1/4 (SL) of 06-27N-16W; TD 10,600.

Chaparral Energy LLC; Phillips No. 2H-16 Well; N1/2 N1/2 NW1/4 NE1/4 (SL) of 16-28N-16W; TD 10,500.

Okland Oil Co.; Bush Ranch No. 1-28 Well; C SE1/4 SE1/4 of 28-29N-17W; TD 5,700.

SOURCE: OIL-LAW RECORDS CORP.

LIVESTOCK

Friday's closing cattle and hog quotations from the Oklahoma National Stockyards.

FEEDER CATTLE

Oklahoma Combined Weekly Auction Summary. Feeder Cattle Weighted Average Report and Cow and Bull Report for week of January 4 to Thursday.

Receipts: 31,786; Last Week: closed; Last Year: 35,018

Combined weighted average report for Oklahoma auctions. Seven auctions reported this week: Ada, Apache Cows, Apache feeder sale close, El Reno, McAlester, Oklahoma City, Tulsa, and Woodward. Feeder cattle sold $1-$4 higher. Steer and heifer calves sold $3-$8 higher. Feeder cattle and calves sold to very good demand post-holiday. This despite feeder cattle futures on the decline most of the week. Calf markets improved as many areas did see some moisture though not any drought busters.

Feeder Steers: Medium and Large No. 1: Calves: 323 lbs. $217.36; 377 lbs. $211.45; 417 lbs. $194.77; 477 lbs. $183.59; 526 lbs. $176.66; 570 lbs. $166.58; 623 lbs. $154.09; 687 lbs. $152.91; 735 lbs. $148.21; Yearlings: 628 lbs. $158.95; 671 lbs. $155.72; 723 lbs. $151.90; 778 lbs. $149.16; 823 lbs. $147.82; 866 lbs. $146; 920 lbs. $139.91; 973 lbs. $135.89.

Feeder Heifers: Medium and Large No. 1: Calves 327 lbs. $179.17; 374 lbs. $170.45; 420 lbs. $163.04; 472 lbs. $158.31; 526 lbs. $154.78; 576 lbs. $150.01; 626 lbs. $142.84; 679 lbs. $141.95; Yearlings: 629 lbs. $146.36; 672 lbs. $143.93; 723 lbs. $141.66; 766 lbs. $138.72; 819 lbs. $136.98; 874 lbs. $133.84.

Slaughter Cows: Average dressing Boners and Breakers $78.50-$83; Lean cows $72.50-$77. Slaughter bulls Average dressing $93.50-$100.

SLAUGHTER CATTLE

Slaughter cattle $2 lower, dressed sales steady to $3 lower, closing $2-$3 lower. Sales confirmed so far this week totaled about 74,600 head thru Friday afternoon. Last week 88,325.

Nebraska Feed yards: Live Basis: Steers and Heifers: few $125

Dressed Basis Steers and Heifers: $202-$205, late $202-$203

Texas and Kansas Feed Yards Live Basis: $126, few $125

CATTLE FUTURES

Friday's Close.

Live Cattle: Feb. $130.60; April $134.55; June $129.65; Aug. 129.70.

Feeder Cattle: Jzn. $149.87; March $151.45; April $153.37; May $155.15.

CATTLE SLAUGHTER

Federally Inspected Cattle: 624,000 head, down 3.4 percent from a year ago.

BOXED BEEF

Estimated Composite Boxed Beef Cutout Values: Friday.

Box beef cut-out values: $.62 higher than last Friday.

Choice 600-900 lbs. $194.24; Select 600-900 lbs. $183.49.

HOGS

OKLAHOMA CITY DIRECT HOGS: Receipts this week 260 head.

Barrows and Gilts:

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

Sows: US 1-3 300-500 lbs. $40-$45

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 $82.30.

HOG FUTURES

Friday's close. Dressed Basis (74% yield): Feb. $84.20; April $87.12; May $94.70; June $96.50.

HOG SLAUGHTER

Federally Inspected Hogs: 2.284 million head up 3.0 percent from a year ago.

SHEEP

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

MEAT PRODUCTION

Beef: 499.1 million lbs. down .8 percent from a year ago.

Pork: 471.5 million lbs. up 1.8 percent from a year ago.

Lamb: 2.7 million lbs. unchanged from a year ago.

Cattle Carcass Weights – National Average:

This week estimate: 802 lbs.; Last week estimate: 799 lbs.; Last years actual: 780 lbs.

SOURCE: USDA-OKLAHOMA AGRICULTURE DEPARTMENT

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