US Daily Market Report Archive - 3/2/2010


HEAVY TEXAS STEERS

  1. Seasonal averages were bid at 74.00 c&f
  1. 62/64 lb. averages were reported over the week end at $67.00
  1. A sale was posted this afternoon at $67.50 up $0.50 from a week ago

 

 

BRANDED STEERS

  1. Colorado’s were reputed to have traded at $63.00
  1. $67.00 was paid for seasonal averages
  1. This is steady to up a dollar from last week.
  1. Colorado’s were bid in another case at $63.00 and countered at $65.00
  1. A bid at $71.00 was countered at $73.00
  1. 62/64 lb. averages sold at $67.00

 

 

BUTT BRANDED STEERS

  1. Seasonal averages were bid yesterday at $74.00 c&f
  1. A sale was posted at $67.00 on seasonal averages

 

 

HEAVY NATIVE STEERS

  1. Jumbo’s were offered at $72.00
  1. $67.00 was bid on seasonal averages and countered at $69.00

 

 

HEIFERS

  1. Natives were offered at $65.00 c&f with a small brand content

 

 

PLUMP COWS

  1. Brands were reported at $34.00 on 50/52 lb. averages in the southwest
  1. Extra heavy natives were offered at $57.00
  1. Seasonal average natives sold at $53.50
  1. Heavy natives were posted at $53.00
  1. Midwestern natives were said to have sold at $48.00 but could not be confirmed.
  1. Heavy average natives traded at $50.00

 

 

HOLSTEINS

  1. A bid at $53.00 was countered at $58.00
  1. An offering of steers was seen at $78.00

 

 

SKINS

  1. 17/25’s were offered at $55.00 c&f

 

 

BULLS

  1. Natives with some Holsteins content were offered at $64.00 c&f

 

 

SMALL PACKERS

  1. 62/64 lb. average brand offerings were seen at $54.00
  1. 60/62 lb. mostly natives were available at $51.00

 

 

LOW GRADES

  1. Machine damaged 3’s were offered at $47.00

 

 

INDUSTRY NEWS

  1. More GRI’s were seen of late. One promulgated today covered an increase in bunker fuel charges effective April 1.

 

 

MARKET OBSERVATIONS

Today’s trend: steady

  1. Where are all the hides? One informed source advised today that as hard is it may be to believe, there are still some renegotiated hides being shipped against a very sold contracts.
  1. Offerings lists appeared to be longer today than has been seen for quite sometime
  1. For a Tuesday, there was a rather good volume of hides changing hands.

 

 

FEDERALLY INSPECTED SLAUGHTER

 

Today

120,000

Last week

123,000

Last year

124,000

 

Week to date

242,000

Last week

247,000

Last year

240,000

 

 

Monday’s slaughter included 97,000 steer/heifers and 25,000 cows and bulls


PRICE GUIDE
SELECTION WEIGHT PER PC FOB
Heavy Texas Steers 64-66 $66.00-67.00
Branded Steers 64-66 $66.00-67.00
Colorado Steers 64-66 $63.00-64.00
Butt Branded Steers 64-66 $66.00-67.00
Heavy Native Steers 64-66 $67.00-68.00
Heavy Native Heifers 50-52 $58.00-60.00
Branded Heifers 50-52 $56.00-58.00
Heavy Native Cows 50-52 $46.00-48.00
Branded Cows 50-52 $38.00-40.00
Spready Dairy Cows 50-52 $54.00-56.00
Over-weight Kip 20-35 $55.00-57.00
Native Bulls 95-105 $52.00-53.00