US Daily Market Report Archive - 7/20/2010


HEAVY TEXAS STEERS

  1. Direct packer offerings on 60/64 lb. averages were seen in the Far East overnight at $82.00 c&f.
  1. 74 min average jumbo’s were offered by one producer at $79.00
  1. A sale at $73.50 was posted, steady with last week.

 

 

BRANDED STEERS

  1. 60/62 lb. averages were bid at $70.00 and countered at $75.00
  1. A bid at $68.00 on Colorado’s was countered at $71.00
  1. 66/68 lb. averages traded at $73.50
  1. $72.50 was paid for 60/62 lb. averages.

 

 

HEAVY NATIVE STEERS

  1. Several producers offered at $75.00 on 60/64 lb. averages today

 

 

HEIFERS

  1. A bid at $62.00 on natives was countered at $65.00
  1. A packer offering was seen at $69.00 c&f on natives

 

 

PLUMP COWS

  1. Conventional packer native cows were reported having sold at $41.00
  1. Brands in the west were bid at $37.00 and countered at $38.00 on heavy averages
  1. Heavy natives were offered at $54.00 from a central origin.

 

 

HOLSTEINS

  1. A better processor offered cows today at $56.00
  1. A packer asked $57.00 on northern type productions.

 

 

SKINS

  1. Heavier average fleshed packer sows sold at $8.00 Laredo

 

 

BULLS

  1. Natives with a minimal brand content sold at $52.00

 

 

INDUSTRY NEWS

  1. We regret to advise readers that the twin daughters of Boston Hide executive Anthony Andreottola accidently drowned Monday morning in a pool at their home. They were 2/1/2 years old. Veronica and Angelina Andreottola were granddaughters of Boston Hide & Fun founder Gerry Andreottola. Services are pending.
  1. The USHSLA told members today that they have receivednotice from USDA's Animal and Plant Health Inspection Service (APHIS) regardingchangesbeing implemented to certificates used to export to the European Union.As you may know, APHIS has had a long-time policy of, prior to endorsement, transferring all certificates, other than the VS Form 16-4, to the letterhead of the APHIS office that actually endorses the certificate. This has created some complications for the EU certificates, which are generally formatted in such a way that it isvery difficult tomake them "fit" to the endorsingoffice letterhead

    There is no EU requirement for certificates to be placed on endorsing office letterhead. As these certificates all contain a specific spot for the identity of the endorsing office to be noted, and as APHIS has now launched the special VS Paper for the certificates, APHIS has issued guidance to their endorsing offices to discontinue placing these EU certificates onto their office letterhead prior to endorsement.

    Rather, the certificates will be printed by the endorsing office onto the special VS Paper prior to endorsement.

    APHIS is confident that this change will result in facilitation of production and endorsement of crisper, more professional appearing certificates and facilitate the efforts which are likely to be necessary as the EU transitions to new certificates for a variety of commodities over the coming year.

    Please contact me at jreddington@meatami.com with any specific questions or concerns.

 

 

MARKET OBSERVATIONS

Today’s trend: Struggling for steady

  1. Offer lists seemed more extensive than even last week, and certainly more in late June. Producers were not bashful at their asking levels however.
  1. Any bulls are conspicuous by their absence!

 

 

FEDERALLY INSPECTED SLAUGHTER

 

Today

130,000

Last week

131,000

Last year

127,000

 

Week to date

256,000

Last week

261,000

Last year

252,000

 

Monday’s slaughter included 101,000 steer/heifers and 25,000 cows and bulls


PRICE GUIDE
SELECTION WEIGHT PER PC FOB
Heavy Texas Steers 60-62 $72.50-73.50
Branded Steers 60-62 $71.50-72.50
Colorado Steers 60-62 $69.00-70.00
Butt Branded Steers 60-62 $71.50-72.50
Heavy Native Steers 60-62 $73.00-74.00
Heavy Native Heifers 48-50 $64.00-66.00
Branded Heifers 48-50 $63.00-64.00
Heavy Native Cows 50-52 $48.00-50.00
Branded Cows 48-50 $38.00-41.00
Spready Dairy Cows 48-50 $54.00-56.00
Over-weight Kip 20-35 $63.00-65.00
Native Bulls 90-100 $53.00-55.00