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Thursday's Internet Edition, 10:30 AM, July 29, 2010.
Proposed New Livestock Marketing Rules, Who Will They Help?; A&M Beef Short Course Aug. 2-4
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Direct Receipts
Direct Receipts: 95,900. Texas 25,700. 70 pct over 600 lbs. 48 pct heifers. Steers: Medium and Large 1 FOB Price 700-750 lbs 111.95-114.75; 750-800 lbs 110.75-112.50; 800-875 lbs 110.00; Delivered Price 700-775 lbs 113.50-116.00; 800-825 lbs 11.50-113.00; FOB Price 600-700 lbs 115.00-118.00 Nov-Dec; 700-800 lbs 110.00-113.50 Aug-Dec; 825 lbs 109.50-110.00 Aug; Delivered Price 500 lbs value added 132.00 Oct; 650 lbs 119.50 Oct; 750-800 lbs 111.60-113.50 Oct-Nov; 800-900 lbs 109.25-111.50 Aug-Nov. Medium and Large 1-2 FOB Price 700 lbs 108.25-108.70; 900 lbs 99.25; Delivered Price 750 lbs 113.50; Delivered Price 600 lbs Mexican Origin 110.00 Nov. Heifers: Medium and Large 1 FOB Price 600-675 lbs 107.75-109.75; 700-800 lbs 106.00-109.00; Delivered Price 600-700 lbs 112.50-115.00; 700-750 lbs 108.50-109.50; FOB Price 550-600 lbs 115.50 Oct; 600-700 lbs 107.00-112.00 Sep-Nov; 700-750 lbs 104.00-109.25 Sep; Delivered Price 450 lbs value added 124.00 Oct; 600-700 lbs 110.50-114.35 Oct; 700-750 lbs 108.10-110.00 Oct-Nov. Medium and Large 1-2 FOB Price 650-700 lbs 100.70-104.25; Delivered Price 600 lbs Mexican Origin 98.20 Aug; 625 lbs 112.30 Sep; 600 lbs Mexican Origin 100.00 Nov. Basis Trades Steers: FOB Price 775 lbs 1.00 under Aug CME; 725 lbs .50 under Oct CME; 775 lbs 2.00 under Oct CME. Delivered Price 750 lbs 1.00 over Oct CME; 800 lbs 2.50 under Aug.
Oklahoma 9900. 100 pct over 600 lbs. 37 pct heifers. Steers: Medium and Large 1 current 725 lbs 114.50; 750-775 lbs 110.50-112.85; 800-825 lbs 108.00-111.50; 850-875 lbs 107.60-108.50; 1025 lbs 102.00; Aug 850 lbs 107.50-108.00; Oct 650 lbs 115.00. Medium and Large 1-2 current 725 lbs 110.00; 775 lbs 110.50. Heifers: Medium and Large 1 current 625 lbs 110.50; 725 lbs 106.00-107.00; 750 lbs 104.00-106.50; Oct 700 lbs 107.30-108.00; Nov 700 lbs 108.00. Medium and Large 1-2 current 775 lbs 102.00.
New Mexico 6600. 87 pct over 600 lbs. 40 pct heifers. Steers: Medium and Large 1 FOB Price 700-750 lbs 112.50; 500 lbs 129.50 Value Added for Oct; 825 lbs 112.00 Aug. Heifers: Medium and Large 1 FOB 700 lbs 105.00; 450 lbs 121.50 Value Added for Oct; 750 lbs 108.00 Aug.
Kansas 17,800. 100 pct 600 over lbs. 7 pct heifers. Steers: Medium and Large 1 750-800 lbs 111.00-113.50; 800-850 lbs 109.00-113.00; 850-900 lbs 108.00-111.00; Contracts Aug 750 lbs 112.00; 800-850 lbs 108.00-112.50. Medium and Large 1-2 775 lbs 110.00; 850-900 lbs 105.50-106.25; Delivered Basis Medium and Large 1 700-750 lbs 114.50-115.50. Medium and Large 1-2 700 lbs 112.00. Heifers: Medium and Large 1 750-800 lbs 105.00-108.00. Delivered Basis Medium and Large 1 700 lbs 112.00. Medium and Large 1-2 650-700 lbs 107.50-108.00.
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Proposed New Livestock Marketing Rule More Harm Than Help To Competition
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2010 Texas A&M Beef Cattle Short Course August 2-4
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Agribusiness: A Hot Sector 9.2 Billion To Feed By 2050
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Sporting Clay Shoot Benefitting The State Fair Of Texas® Youth Livestock Auction
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National Feeder Cattle Summary
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Proposed New Livestock Marketing Rule More Harm Than Help To Competition
By Chris Clayton
DTN Ag Policy Editor
Omaha (DTN) — An attorney for the American Meat Institute says the proposed new livestock marketing rule by USDA’s Grain Inspection, Packers and Stockyards Administration is, “at its core,” not about competition in the packing industry but about a segment of livestock producers who want to limit the marketing and selling arrangements other producers can use.
“I think the goal of this is for some producers to eliminate the ability of their competitors to sell their livestock” the way they want to, said Mark Dopp, senior vice president of regulatory affairs and general counsel for AMI.
(For another perspective on the new USDA proposed rule see DTN’s interview with Omaha agricultural attorney David Domina in DTN Recent Features.)
Marketing agreements between producers and packers are going to go away because of fear of litigation, Dopp said. Not only could lawsuits be brought by producers who don’t get contracts, but also those who are unhappy with the cash markets and blame those prices on contracts between packers and other producers, Dopp said.
“They are going to say you are depressing prices,” Dopp said. “A case can be brought by somebody who has nothing to do with an arrangement. What are you going to do as a packer? You are going to stop using those arrangements.’’
Dopp, who has served in his current role at AMI since 1999, has a long history of working on packer issues in livestock cases. He also served as an attorney for USDA’s Office of General Counsel in the 1980s.
A LOT TO DISLIKE IN RULES
From Dopp’s view, there is a lot to dislike in the livestock rules proposed last month by GIPSA, but one main grievance is GIPSA’s attempt “to do an regulatory end-run” around the precedents of eight federal courts of appeals regarding whether a plaintiff has to show “injury to competition” for a Packers and Stockyards case.
USDA has long held that a producer need not show harm to competition, but federal judges have looked at the issue and consistently ruled that a plaintiff must show such harm.
“I understand that has been their position, but it has been rejected by eight different appellate courts going back to before the first Bush administration,” Dopp said.
Most recently, the Sixth Circuit Court of Appeals in May ruled that a Tennessee poultry producer had failed to show harm to competition in a lawsuit against Tyson Foods. One of the key statements in that ruling was that “a tide has become a tidal wave” in listing consistency of federal rulings on the issue. Dopp said that happened six weeks before USDA issued its proposed rule, yet the case wasn’t cited in the Federal Register preamble to the rule.
“It doesn’t make sense,” Dopp said. “Our system of government isn’t structured so the executive branch can ignore what the courts have said.’’
USDA also has either participated as a party in some of the earlier cases or through filing friend-of-the-court briefs in some of the most recent cases, Dopp said. “And in every case, the court has rejected their position, so if something needs to be changed, it ought to be changed by the Congress. It shouldn’t be done by bureaucratic fiat.’’
COULD AFFECT CASES AGAINST PACKERS
If a plaintiff no longer has to show injury to competition, then producers who largely sell on the cash market also could much more easily bring cases against packers over marketing agreements with other livestock producers. That was at the crux of the Pickett vs. Tyson case, a $1.2 billion jury verdict overturned by the district judge.
What happens without the harm-to-competition clause?
“Well, in that circumstance, then one could make a pretty good argument that Pickett would have won the case,” Dopp said, “which means those marketing agreements that Tyson has with a whole host of producers, who I might add voluntarily enter into them ... If you are a company exposed to the kind of damages levied in Pickett to the tune of $1.2 billion, what are you going to do if you’re a company? You’re going to stop using them.’’
Dopp said producers compete and market to get the best price. But producers who don’t like agreements and want packers to buy on-the-spot market are limiting the marketing options of other producers, he said.
“They are limiting their competitors to the way they want to do things,’’ Dopp said.
QUESTIONS IF MORE TRANSPARENCY
Further, Dopp questions the idea there will be more transparency. A packer may have several reasons for offering a better price. The rule describes a packer having to show revenue cost and justification. “How do you expect that to be done perfectly, every day, day-in, day-out?” he asked.
Dopp said the rules could expose a packer to a lawsuit if the packer has a dozen guys out in the country that buy cattle on a given day, and one feeder negotiates a better deal for his cattle than other feeders, or has invested more in genetics and quality. There will be no dealing, he said. “There’s going to be one price. Here it is. Here’s the formula.’’
Dopp noted members of National Cattlemen’s Beef Association and National Pork Producers Council -who are more supportive of packer-producer contracts - are unhappy over the proposed rule. “That should tell you something. This isn’t just the packers who think it’s a bad idea. You have got a lot of people in the producer community who think it’s a bad idea, too.’’
PROPOSAL TO BAN PACKER-TO-PACKER SALES
Another area in the rule that Dopp thinks is ill-conceived is the proposal to ban packer-to-packer sales. Dopp pointed to one smaller packer in Washington State that also owns a Kansas feedlot. It doesn’t make sense for that packer to have to ship its Kansas cattle all the way back to the Pacific Northwest. Further, several hog producers also own packing plants in St. Joseph, Mo. Those producers could be prevented from selling their hogs to other packers as well.
“And what do you do about cull animals? Cull sows that Smithfield, Seaboard or anyone who owns some of their own animals, they sell those cull sows... Seaboard and Smithfield don’t kill sows, it’s the Bob Evans, the Odoms the Johnsonvilles that kill cull sows and make whole-hog sausage. Well, now they can’t do that.’’
Instead, packers would have to sell to third-parties, who then in turn could sell to the other packer-
processors, Dopp said. That introduces inefficiency into the system. “All you are doing is introducing a middle man that didn’t have to be there... You gotta say, what’s the point?’’
Another provision would also prevent someone from buying for more than one packer. Dopp said every packer can’t afford to send someone to every sale barn across the country. So some buyer-dealers will lose business and a lot of sale barns could have fewer selling options, he said.
“It’s actually going to end up with less competition at some of these auction barns if that goes into effect.’’
The Federal Register posting for the GIPSA rule can be found at http://archive.gipsa.usda.gov/rulemaking/fr10/06-22-10.pdf.
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2010 Texas A&M Beef Cattle Short Course August 2-4
College Station – The 56th annual Texas A&M Beef Cattle Short Course, sponsored by the Texas AgriLife Extension Service, is scheduled August 2-4 at Texas A&M University in College Station.
A wet spring and a historic rebound in cattle prices have spurred optimism among ranchers across Texas. However, a fairly dry April has some beef producers concerned that they are heading into another drought, said Dr. Jason Cleere, AgriLife Extension beef cattle specialist and conference coordinator.
“The long-term cattle market outlook and preparing for the next drought are just two of the many topics that will be discussed in the 21 different cattleman’s college sessions at the short course,” Cleere said.
“Planning committee members from around the state have met with us and helped us put together another outstanding program. The short course has become one of the most comprehensive beef cattle educational programs in the U.S.”
The cattleman’s college portion of the three-day short course provides participants with an opportunity to choose workshops based on their level of production experience and the needs of their ranch, Cleere said.
“These concurrent workshops will feature information on ranch management, nutrition, reproduction, genetics, pastures, carcass evaluation, record keeping, brush busting, cattle handling, landowner issues and much more,” he said.
In addition to classroom instruction on August 2-3, participants can attend one of the popular demonstrations on the morning of Aug. 4.
“There will be demonstrations on chute-side calf working, cattle behavior, penning, selection and brush busting,” Cleere said. “These provide an opportunity for ranchers to see beef cattle production practices put to use.”
“The goal of the short course each year is to provide the most cutting-edge information that is needed by beef cattle producers, and this year is no exception,” he said.
Participants can receive a pesticide applicator’s license during the short course, and can earn numerous pesticide continuing education units if already licensed, Cleere added.
An industry trade show will be held during the event featuring more than 110 agricultural businesses and service exhibits.
Registration is $140 per person and includes educational materials, a copy of the 600-page Beef Cattle Short Course proceedings, trade show admittance, admission to the prime rib dinner, meals and daily refreshments.
Registration information and a tentative schedule will be mailed to previous participants in June but can also be found on the short course website at http://beef.tamu.edu.
Producers can register online at http://beef.tamu.edu or contact Cleere’s office at 979-845-6931.
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Agribusiness: A Hot Sector 9.2 Billion To Feed By 2050
(Dow Jones) — Will agriculture prove to be the hot new sector of the 21st century?
With an estimated 9.2 billion mouths to feed by 2050, up from 6.8 billion now, and growing demand from wealthier emerging-market consumers for a high-protein diet, the challenge of feeding the world looks daunting. In theory, that should provide a huge secular boost to agribusiness stocks over coming years. But it will still require investors to have an appetite for risk.
Growing demand for food isn’t in doubt. In 2008, there already were 915 million undernourished people around the globe, according to the United Nations’ Food and Agriculture Organization. Prices for basic crops like maize, rice and wheat soared between 2006 and 2008, reaching their highest levels in 30 years and triggering riots in some countries. Prices have since fallen back as a result of the financial crisis, but the focus is firmly on food security.
Changes in diet in the developing world also will put pressure on agricultural production. If Chinese consumers were to match the diet of their Korean counterparts, global meat consumption would rise 9 percent, according to BlackRock, which is launching a new world agriculture fund.
The fund manager believes that once such changes in diet start, they prove irreversible, implying greater grain production to feed livestock and greater use of technology to boost crop yields. At the same time, planned increases in biofuel output will cut the amount of land available for food.
Output is set to rise the most in emerging-market countries but will require investment to increase crop yields. That should favor companies that supply agricultural equipment and inputs such as fertilizer, as well as farming businesses themselves. True, some stocks already look expensive; fertilizer producer Potash Corp. of Saskatchewan, for instance, trades at 18.5 times estimated 2010 earnings, according to FactSet. But the company’s control of 20 percent of the global capacity of potash, a key source of potassium with no known substitutes, makes it vital to achieving the growth in grain production needed in coming years.
Even so, investors looking to play these trends need an appetite for risk. Emerging-market investments and cyclical sectors such as chemicals are notoriously volatile, and farms may face funding problems given the battered banking system.
While the Global Agribusiness fund run by Deutsche Bank’s DWS, Deutsche Asset Management’s
mutual-fund arm, has returned 12.5 percent since its launch in September 2006 and handily beaten the Standard & Poor’s 500-stock index and the MSCI World indexes, it has seen higher volatility. So far this year, agribusiness stocks are underperforming broader indexes. But investment in agriculture is unlikely to be about reaping a quick harvest: Over the longer term, the returns may look tastier.
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Sporting Clay Shoot Benefitting The State Fair Of Texas® Youth Livestock Auction
Dallas, Texas - The State Fair of Texas® and Lone Star, ACA (Lone Star Ag Credit) proudly held the first Backing the Brand, Shooting for the Stars Sporting Clay Shoot June 18, 2010. This event raised over $14,000 to further the education of Texas students. The money will not only go to youth showing livestock at the State Fair of Texas® but also to top students in the Dallas area.
More than 80 people attended the event which took place at the Dallas Gun Club in Lewisville. Participation from individuals and businesses included station sponsors, shooting teams, donations of lunch and hors d’ourves as well as gifts and raffle items. Along with other prizes, the top shooter won the opportunity to drive a brand new Chevrolet Silverado, Tahoe Hybrid or Camaro for one week.
Lone Star Ag Credit sees a worthy cause in the Youth Livestock Auction & Scholarship Program at the State Fair. It provides an opportunity for young people to pursue a goal. Youth invest time, work and pride into the animals they show. We hope the clay shoot starts a tradition in holding a fun event each year to raise money for the kids.
Quail Coalition Inc. Director/Treasurer, Dick McCallum, said, “It was a terrific first time event with the proceeds going to a great cause, the education of our most important resource, our future leaders.”
“The volunteers, shooters and sponsors had a great time and plans are already underway for another great afternoon in 2011,” said Daryl Real, Vice President, State Fair of Texas®.
For more information about the State Fair of Texas® Youth Livestock Show, Auction & Scholarship Program or how to become involved visit www.bigtex.com or contact Daryl Real at auction@bigtex.com or 214-421-8723.
For more than 90 years, Lone Star Ag Credit has been a reliable source of financing for rural America. Lone Star Ag Credit offers a wide variety of loan programs at competitive rates including agricultural and recreational real estate, rural homes, operating, equipment, livestock and agribusiness loans.
Lone Star Ag Credit is headquartered in Fort Worth and also has credit offices located in Sweetwater, Abilene, Stephenville, Weatherford, Cleburne, Denton, Sherman, Paris, Mount Pleasant and New Boston. For more information, please visit www.lonestaragcredit.com.
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National Feeder Cattle Summary
St. Joseph, MO — July 16 (F-S) National feeder cattle receipts: 222,600. Calves and yearlings sold mostly steady to firm with much of the cattle marketing industry just getting back to full scale operations following the holiday break. Some large-scale buying interests balked at the price levels that were established on lighter receipts over the previous two weeks, but simple supply and demand rules prevailed and most marketing areas were able to hold recent advances. Some regular auction buyers were absent from sales this week, taking delivery of previously purchased yearlings off double-stocked pastures in the Flint Hills or Osage regions. Other large-volume forward contract buyers took opportunities to rest their eyes after two and a half weeks of watching video auctions and trying to pinpoint rural delivery locations on an atlas. Organization of these purchases can be tedious as schedules must be balanced to coordinate freight, risk management, and appearance at delivery. Feeder prices stood some pressure this week as grains saw moderate to sharp advances, especially wheat which experienced near limit gains on Thursday after news surfaced that there may be a global shortage. However, higher fed cattle markets supported feeders with direct feedlot sales $1.00-1.50 higher from $93-94 and $2 higher dressed at mostly $150. This advanced was a confidence booster, falling in a postholiday week session and right during the dog days of summer. Through the first half of 2010, most beef and cattle markets are showing considerable strength with few hints of faltering. Fed cattle are currently $10 higher than 2009 and boxed beef cut-out values are running $15 higher than a year ago. Total cattle harvest under federal inspection was 1.7 percent more than 2009 through the first half of the year and 1 percent higher than the five year average. Tight numbers of domestic beef cattle continue to direct this bull market and it looks like herd rebuilding will have to wait for another year. Beef cow slaughter through the first six months of 2010 was 13.2 percent more than 2009 and 18 percent more than the five year average. Deep culling of our beef herd may be the result of the long and miserable winter causing folks to rethink cattle production, but for backgrounders and feeders it makes them wonder where next year’s calves are going to come from. This week’s reported auction volume included 45 percent over 600 lbs and 43 percent heifers.
Texas 20,800. 44 pct over 600 lbs. 42 pct heifers. Steers: Medium and Large 1 300-350 lbs (323) 143.15; 350-400 lbs (372) 137.12; 400-450 lbs (421) 128.44; 450-500 lbs (470) 123.69; 500-550 lbs (522) 119.52; 550-600 lbs (576) 116.92; 600-650 lbs (625) 114.59; 650-700 lbs (677) 113.30; 700-750 lbs (717) 110.07; 750-800 lbs (775) 108.13; 800-850 lbs (839) 108.80. Medium and Large 1-2 550-600 lbs (566) 118.84; 600-650 lbs (631) 109.59; 650-700 lbs (669) 112.87; 750-800 lbs (793) 107.23; 800-850 lbs (825) 107.77. Heifers: Medium and Large 1 300-350 lbs (326) 125.23; 350-400 lbs (373) 124.55; 400-450 lbs (424) 119.59; 450-500 lbs (470) 114.97; 500-550 lbs (520) 113.10; 550-600 lbs (571) 109.89; 600-650 lbs (627) 109.76; 650-700 lbs (664) 109.28; 700-750 lbs (728) 111.89; 750-800 lbs (759) 104.74; 800-850 lbs (821) 102.57. Medium and Large 1-2 400-450 lbs (423) 118.42; 450-500 lbs (490) 114.57; 500-550 lbs (530) 112.34; 550-600 lbs (556) 107.00; 600-650 lbs (639) 106.58; 700-750 lbs (718) 100.28; 750-800 lbs (787) 101.27.
Oklahoma 30,200. 64 pct over 600 lbs. 45 pct heifers. Steers: Medium and Large 1 300-350 lbs (325) 148.64; 350-400 lbs (372) 140.94; 400-450 lbs (430) 135.83; 450-500 lbs (475) 130.74; 500-550 lbs (525) 130.00; 550-600 lbs (578) 124.01; 600-650 lbs (628) 119.07; 650-700 lbs (681) 117.40; 700-750 lbs (725) 115.91; 750-800 lbs (772) 113.03; 800-850 lbs (825) 110.70; 850-900 lbs (868) 109.10; 900-950 lbs (914) 104.47; 950-1000 lbs (964) 101.89. Medium and Large 1-2 300-350 lbs (315) 132.15; 400-450 lbs (428) 133.02; 450-500 lbs (482) 128.11; 500-550 lbs (520) 127.23; 550-600 lbs (583) 121.43; 600-650 lbs (633) 116.27; 650-700 lbs (679) 114.29; 700-750 lbs (737) 114.68; 750-800 lbs (758) 110.67; 800-850 lbs (804) 109.01; 850-900 lbs (870) 106.39; 900-950 lbs (919) 101.00. Holsteins: Large 3 350-400 lbs (368) 99.19; 700-750 lbs (729) 82.96. Heifers: Medium and Large 1 300-350 lbs (325) 125.89; 350-400 lbs (373) 119.27; 400-450 lbs (429) 119.00; 450-500 lbs (475) 117.33; 500-550 lbs (526) 114.96; 550-600 lbs (574) 114.04; 600-650 lbs (620) 111.91; 650-700 lbs (673) 110.30; 700-750 lbs (721) 109.18; 750-800 lbs (767) 107.51; 800-850 lbs (817) 104.02; 850-900 lbs (876) 102.50; 900-950 lbs (923) 97.57. Medium and Large 12 400-450 lbs (428) 114.98; 450-500 lbs (478) 115.70; 500-550 lbs (529) 111.69; 550-600 lbs (572) 112.50; 600-650 lbs (619) 111.17; 650-700 lbs (678) 109.28; 700-750 lbs (732) 106.22; 750-800 lbs (773) 104.44.
New Mexico 3700. 37 pct over 600 lbs. 42 pct heifers. Steers: Medium and Large 1 300-350 lbs (321) 142.76; 350-400 lbs (361) 136.79; 400-450 lbs (415) 130.63; 450-500 lbs (468) 128.57; 500-550 lbs (524) 124.06; 550-600 lbs (570) 118.57; 600-650 lbs (627) 116.24; 650-700 lbs (668) 109.39; 700-750 lbs (727) 108.38; 750-800 lbs (774) 106.93; 850-900 lbs (886) 97.09. Medium and Large 1-2 400-450 lbs (428) 126.65; 450-500 lbs (474) 126.85; 550-600 lbs (584) 118.37; 600-650 lbs (625) 111.31; 650-700 lbs (665) 115.94; 750-800 lbs (780) 107.03. Heifers: Medium and Large 1 part load 330 lbs 110.00; 350-400 lbs (371) 115.23; 400-450 lbs (425) 114.60; 450-500 lbs (476) 109.05; 500-550 lbs (525) 109.40; 550-600 lbs (568) 102.92; 600-650 lbs (623) 102.68; 650-700 lbs (665) 88.12; 700-750 lbs (736) 101.01. Medium and Large 1-2 550-600 lbs (567) 108.72; 600-650 lbs (635) 108.93.
Kansas 4400. 83 pct over 600 lbs. 42 pct heifers. Steers: Medium and Large 1 350-400 lbs (359) 147.77; 400-450 lbs (430) 137.73; 500-550 lbs (524) 130.89; 600-650 lbs (614) 125.44; 650-700 lbs (678) 118.99; load 703 lbs 119.75; 750-800 lbs (778) 114.83; 800-850 lbs (828) 112.68; 850-900 lbs (872) 110.51; 900-950 lbs (913) 108.04; 950-1000 lbs (964) 103.58. Heifers: Medium and Large 1 500-550 lbs (520) 115.99; 550-600 lbs (563) 114.56; 600-650 lbs (619) 113.08; 650-700 lbs (677) 110.95; 750-800 lbs (756) 108.19; 800-850 lbs (807) 106.74; 850-900 lbs (869) 106.55; load 951 lbs 99.00. Medium and Large 1-2 350-400 lbs (377) 124.63; 450-500 lbs (476) 119.80; 500-550 lbs (514) 114.04; 550-600 lbs (581) 111.58; 600-650 lbs (611) 108.82; 700-750 lbs (740) 107.61; 750-800 lbs (785) 105.93; 850-900 lbs (855) 101.21.
Missouri 28,500. 54 pct over 600 lbs. 42 pct heifers. Steers: Medium and Large 1 300-350 lbs (322) 146.58; 350-400 lbs (375) 139.87; 400-450 lbs (423) 134.65; 450-500 lbs (472) 130.31; 500-550 lbs (527) 128.24; 550-600 lbs (576) 124.52; 600-650 lbs (620) 124.02; 650-700 lbs (676) 118.91; 700-750 lbs (722) 115.59; 750-800 lbs (764) 113.41; 800-850 lbs (825) 112.66; 850-900 lbs (869) 109.91; 900-950 lbs (908) 105.56; 950-1000 lbs (968) 103.85. Medium and Large 1-2 300-350 lbs (328) 133.82; 350-400 lbs (377) 127.95; 400-450 lbs (428) 127.69; 450-500 lbs (476) 125.25; 500-550 lbs (527) 121.19; 550-600 lbs (571) 120.65; 600-650 lbs (627) 119.48; 650-700 lbs (675) 115.24; 700-750 lbs (719) 113.70; 750-800 lbs (782) 110.64; 800-850 lbs (824) 108.38; 850-900 lbs (874) 104.64; 900-950 lbs (905) 104.17; 950-1000 lbs (958) 103.52. Holsteins: Large 3 400-450 lbs (431) 93.50; 450-500 lbs (488) 85.48; 500-550 lbs (513) 93.39; 550-600 lbs (569) 90.36; 600-650 lbs (638) 92.15; 650-700 lbs (673) 88.46; 700-750 lbs (723) 88.46; 750-800 lbs (768) 83.85; 800-850 lbs (822) 83.57; 850-900 lbs (879) 83.86. Heifers: Medium and Large 1 300-350 lbs (332) 126.72; 350-400 lbs (377) 124.78; 400-450 lbs (431) 118.78; 450-500 lbs (473) 117.59; 500-550 lbs (527) 115.89; 550-600 lbs (574) 114.32; 600-650 lbs (628) 111.12; 650-700 lbs (674) 111.65; 700-750 lbs (790) 106.12; 750-800 lbs (790) 106.12; 800-850 lbs (821) 103.79. Medium and Large 1-2 300-350 lbs (320) 119.27; 350-400 lbs (375) 118.46; 400-450 lbs (423) 118.46; 450-500 lbs (476) 114.01; 500-550 lbs (524) 111.84; 550-600 lbs (575) 110.99; 600-650 lbs (620) 108.89; 650-700 lbs (682) 108.17; 700-750 lbs (718) 106.89; 750-800 lbs (774) 104.90; 800-850 lbs (811) 102.25; 850-900 lbs (874) 97.44.
Arkansas 10,200. 29 pct over 600 lbs. 44 pct heifers. Steers: Medium and Large 1 300-350 lbs (324) 135.50; 350-400 lbs (376) 130.60; 400-450 lbs (422) 126.97; 450-500 lbs (474) 124.47; 500-550 lbs (523) 119.10; 550-600 lbs (574) 117.49; 600-650 lbs (621) 113.19; 650-700 lbs (674) 112.40. Medium and Large 2 300-350 lbs (328) 123.32; 350-400 lbs (377) 119.26; 400-450 lbs (426) 116.77; 450-500 lbs (474) 115.30; 500-550 lbs (527) 112.56; 550-600 lbs (571) 109.59; 600-650 lbs (625) 109.19; 650-700 lbs (669) 107.84. Heifers: Medium and Large 1 300-350 lbs (322) 118.94; 350-400 lbs (374) 116.26; 400-450 lbs (427) 112.29; 450-500 lbs (472) 110.33; 500-550 lbs (525) 108.80; 550-600 lbs (572) 107.93; 600-650 lbs (620) 106.19; 650-700 lbs (671) 104.39. Medium and Large 2 300-350 lbs (329) 109.80; 350-400 lbs (375) 108.59; 400-450 lbs (425) 105.70; 450-500 lbs (474) 105.06; 500-550 lbs (525) 103.95; 550-600 lbs (572) 103.09; 600-650 lbs (620) 99.11; 650-700 lbs (678) 96.30.
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