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SATURDAY, MARCH 6 8:00 a.m. - RCHA Ranch Horse Cutting Competition - Reliant Arena 8:00 a.m. - Junior Breeding Sheep Show - Reliant Center – East Arena (west side) 9:00 a.m. - Open Breeding Sheep Show - Reliant Center – East Arena (west side) 9:00 a.m. - Ranching & Wildlife Expo - Reliant Center – Rooms 206-207 11:30 a.m. - Ranching & Wildlife Expo Seminar: Trinity River Initiative - Reliant Center – Rooms 206-207 12:00 noon - 43rd Annual All Breeds Commercial Female Sale - Reliant Arena Sales Pavilion 12:30 p.m. - International Brangus Cattle Show (Females) - Reliant Center – Main Arena (east side) 12:30 p.m. - Hereford/Polled Hereford Cattle Show - Reliant Center – Main Arena (west side) 1:00 p.m. - Ranching & Wildlife Expo Seminar: Eminent Domain Issues - Reliant Center – Rooms 206-207 2:30 p.m. - Ranching & Wildlife Expo Seminar: The Winds of Change in Texas - Reliant Center – Rooms 206-207 3:45 p.m. - RODEOHOUSTON BP Super Series II – Round 2 – Jason Aldean - Reliant Stadium 4:00 p.m. - Braford Cattle Show - Reliant Center – Main Arena (west side) 4:00 p.m. - Ranching & Wildlife Expo Seminar: Water and Land Stewardship - Reliant Center – Rooms 206-207 5:00 p.m. - Maine-Anjou Cattle Show - Reliant Center – Main Arena (west side) 5:00 p.m. - Limousin Cattle Sale - Reliant Center – East Arena 7:00 p.m. - Paso Fino Horse Exhibition - Reliant Center – Main Arena 7:30 p.m. - International Brangus Cattle Sale - Reliant Center – East Arena 7:30 p.m. - Ranch Rodeo – Invited Ranches Competition - Reliant Arena SUNDAY, MARCH 7 8:00 a.m. - Santa Gertrudis Cattle Show - Reliant Center – Main Arena (east side) 8:00 a.m. - Limousin Cattle Show - Reliant Center – Main Arena (west side) 8:00 a.m. - Junior Breeding Gilt Show - Reliant Center – East Arena 9:00 a.m. - Ranching & Wildlife Expo - Reliant Center – Rooms 206-207 12:00 noon - Ranch Rodeo – Qualified Counties Competition - Reliant Arena 12:00 noon - Charolais Cattle Show - Reliant Center – Main Arena (west side) 1:00 p.m. - American Red Brangus Cattle Show - Reliant Center – Main Arena (east side) 1:00 p.m. - Ranching & Wildlife Expo Seminar: Introduction to Turkey Management - Reliant Center – Rooms 206-207 3:45 p.m. - RODEOHOUSTON BP Super Series II – Championship Round – Jonas Brothers with special guest Demi Lovato - Reliant Stadium 7:00 p.m. - Paso Fino Horse Exhibition - Reliant Center – Main Arena MONDAY, MARCH 8 8:00 a.m. - Team Penning & Ranch Sorting Competition - Reliant Arena 9:30 a.m. - 4-H/FFA Horse Judging Contest - The Great Southwest Equestrian Center 1:00 p.m. - Junior Commercial Steer Test and Meat Identification - Reliant Arena – TBA 2:30 p.m. - Weigh and Grade Junior Commercial Steers - Reliant Arena Sales Pavilion 6:45 p.m. - RODEOHOUSTON BP Super Series III – Round 1 – Tim McGraw - Reliant Stadium TUESDAY, MARCH 9 7:00 a.m. - Junior Commercial Steer Contestant Preliminary Interview - Reliant Arena – TBA 8:00 a.m. - Team Penning & Ranch Sorting Competition - Reliant Arena 8:00 a.m. - Junior Market Steers Classify, Sift and Weight Card Turn-in - Reliant Center – Main Arena 3:30 p.m. - Agriculture Awareness Day Forum - Reliant Center – Main Arena 4:00 p.m. - Junior Commercial Steer Sale - Reliant Arena Sales Pavilion 6:45 p.m. - RODEOHOUSTON BP Super Series III – Round 2 – Darius Rucker - Reliant Stadium WEDNESDAY, MARCH 10 VALUE DAY WEDNESDAY SALUTE TO OUR TROOPS 7:30 a.m. - Junior Commercial Steer Final Interviews - Reliant Arena – TBA 8:00 a.m. - Team Penning & Ranch Sorting Competition - Reliant Arena 8:00 a.m. - Junior Market Steer Show: Shorthorn, Angus, Red Angus, Hereford, Polled Hereford, AOB - Reliant Center – Main Arena 8:00 a.m. - Junior Market Lamb and Goat Opening Ceremonies - Reliant Center – East Arena 8:30 a.m. - Junior Market Lamb Show - Reliant Center – East Arena (east side) 8:30 a.m. - Junior Market Goat Show - Reliant Center – East Arena (west side) 3:30 p.m. - Junior Commercial Steer Awards - Reliant Arena – TBA 6:45 p.m. RODEOHOUSTON BP Super Series III – Championship Round – Rascal Flatts - Reliant Stadium THURSDAY, MARCH 11 8:00 a.m. - Junior Market Steer Show: Simmental, Charolais, Brangus, Santa Gertrudis, Simbrah, ABC, Brahman - Reliant Center – Main Arena 8:00 a.m. - Palomino Horse Show: English and Western Performance - Reliant Arena 8:00 a.m. - Junior Market Lamb Show - Reliant Center – East Arena (east side) 8:00 a.m. - Junior Market Goat Show - Reliant Center – East Arena (west side) 6:45 p.m. - RODEOHOUSTON BP Super Series IV – Round 1 – Brad Paisley - Reliant Stadium 7:30 p.m. - Junior Market Lamb and Goat Champion Selection - Reliant Center – East Arena FRIDAY, MARCH 12 8:00 a.m. - Palomino Horse Show: Halter and Showmanship - Reliant Arena 8:00 a.m. - Junior Market Steer Show: Chianina, Limousin, Maine-Anjou - Reliant Center – Main Arena 8:00 a.m. - Llama and Alpaca Fleece Show - Reliant Arena – Hall B 8:00 a.m. - Llama and Alpaca Youth and Adult Performance Show - Reliant Arena – Hall B 12:00 noon - Junior Market Lamb and Goat Auction - Reliant Arena Sales Pavilion 2:00 p.m. - AQHA/NRHA Reining (Open, Amateur and Youth) - Reliant Arena 6:30 p.m. - Junior Market Steer Champion Pre-Judging - Reliant Center – Main Arena 6:45 p.m. - RODEOHOUSTON BP Super Series IV – Round 2 – Toby Keith - Reliant Stadium 8:45 p.m. - Junior Market Steer Champion Selection - Reliant Stadium |
Mergers, Acquisitions To Change Dynamics Of Global Fertilizer Industry
Livestock Marketing Association Of Texas Names Jesse Carver Its New Executive Director
CRP Enrollment Sign-Up Would Stem Could Net Expected 4.4 Million Acre Loss
Southwest Oklahoma Elevator Expanding Could Mean 40 Cent Increase In Price
National Feeder Cattle Summary
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Mergers, Acquisitions To Change Dynamics Of Global Fertilizer Industry
Canberra (Dow Jones) — A spate of mergers and acquisitions among fertilizer companies will continue in the short-to-medium term, changing global industry dynamics, according to Moody’s Investors Service Ltd.
“In the short term, we expect heightened event risk, with particular focus on smaller fertilizer players and the nitrogen market” given its high level of fragmentation, a Frankfurt-based Moody’s Assistant Vice President-analyst, Stanislas Duquesnoy, said in a statement.
Valuations will gradually rise amid intensifying competition for the best assets. Price-earnings, or p/e, ratios have recently diverged significantly, and now range between about 10 and 30 across the industry. Potash and phosphate companies are at the high end of the p/e range and market capitalization, and pure nitrogen companies at the low end, not least driven by M&A speculation, Duquesnoy said in a report on the industry.
Cumulative M&A transaction values in the fertilizer industry have exceeded US$25 billion since May 2008, he said.
Indeed, there has been considerable activity already this year, including among the world’s biggest mining companies.
Canada’s Agrium Inc. again extended an offer to acquire CF Industries Inc. in a $5.47 billion deal, having already spent a year wooing CF Industries shareholders. Mid-February, Norway’s Yara International ASA unveiled plans to acquire Terra Industries Inc. in a $4.1 billion friendly takeover.
In January, Brazil’s Vale SA said it would pay $3.8 billion for Bunge Ltd.’s Brazilian fertilizer assets.
Also unveiled in January was BHP Billiton Ltd.’s purchase of Canada’s Athabasca Potash Inc. for $320 million, and the mining giant’s approval of $240 million in capital expenditure on the first stage of its Jansen project in Canada, which will be its first production of potash, with output slated at about 8 million metric tons a year, though a start is several years off.
Rio Tinto Ltd. remains interested in building its potash business despite having sold assets to Vale last year, Rio Chief Executive Tom Albanese said earlier.
Moody’s Duquesnoy said the purchases by BHP Billiton and Vale could have profound consequences for potash and phosphates fertilizer industry dynamics, with new capacity expected to come on-stream over the next five to seven years.
Pure potash and phosphates players will be at a disadvantage compared with the mining giants in terms of financial flexibility and ability to develop new greenfield/brownfield assets, he said.
Longer term, Moody’s anticipates different scenarios to unfold for each sub-segment of the industry.
An already oversupplied phosphates market is likely to continue for the next two to three years, with the entry of Vale unlikely to restore a sound supply/demand balance in the short-to-medium term, Duquesnoy said.
As for potash, this sub-segment still exhibits the most benign long-term industry fundamentals, notwithstanding BHP Billiton’s entry into the market with two large greenfield development projects, which will have lasting effects on industry dynamics over the next five to seven years, he said.
Livestock Marketing Association Of Texas Names Jesse Carver Its New Executive Director
Jesse Carver, Montgomery, Texas, has been appointed the new executive director of the Livestock Marketing Association of Texas (LMAT), the only state association representing over 115 member livestock auctions, livestock dealers and order buyers.
Carver, 33, succeeds Keith Chapman of Georgetown, Texas. Chapman retired after 31 years as executive director.
Born and raised in southeast Texas, Carver is a 1998 graduate of Texas A&M University, with a degree in animal science.
He began his industry career as yard manager for Capitol Land and Cattle, Schwertner, Texas, and then spent seven years at Capitol as a buyer, purchasing cattle at daily auctions across Texas and Oklahoma.
“Buying cattle at those auctions every day was where I began getting my real education in the livestock marketing industry,” he said.
In August, 2007, Carver joined Livestock Marketing Association (LMA), Kansas City, Mo., the national trade association for livestock marketing businesses. In addition to his position with LMAT, he is also LMA’s region executive officer, representing and serving LMA members in Texas and Louisiana.
“The livestock marketing businesses in Texas are a vital part of our state’s livestock economy,” Carver said. “They provide thousands of producers every day with an open marketplace, where the auction method brings producers a fair and competitive price for their livestock.”
Carver announced the launching of LMAT’s new website, www. LivestockMarketingAssociationofTexas. com. It includes a roster of members, news and information of interest to producers and marketing businesses, updated commodity reports, links to other industry organizations, and other features.
Chapman, the former executive director, was presented a plaque honoring his years of service, during LMAT’s recent annual meeting, held in Austin.
He also received a letter from Texas Gov. Rick Perry saluting his service to the LMAT. Perry added, “We have known each other a long time, and I am confident that your infectious laugh, coupled with the energy, enthusiasm and faith in God which you bring to every task, will bring you success and happiness in the future, as it has in the past.”
CRP Enrollment Sign-Up Would Stem Could Net Expected 4.4 Million Acre Loss
By Chris Clayton
DTN Ag Policy Editor
Des Moines (DTN) — USDA will conduct a Conservation Reserve Program general enrollment sign-up this spring for the first time since 2006, Secretary of Agriculture Tom Vilsack announced.
Speaking to a crowd of hunters and conservationists at the Pheasants Fest show, Vilsack drew cheers from the crowd when announcing the enrollment. The Farm Service Agency is working to complete an environmental impact statement to start the CRP enrollment that could take place in late spring or early summer, he said. The enrollment would replace as many as 4.4 million acres in contracts expected to expire in September 2010, one of the largest potential drops in acreage in the program’s history.
“In addition to replacing acres that come out of CRP, we also want to improve the quality of the acres that come out of the program,” Vilsack said. “We want to do more, more for water, more for wildlife and more for climate, and we want to do a better job on the same amount of acres.’’
That means the program has to target the most worthwhile CRP acres, Vilsack said. USDA would concentrate on acreage that would reduce farm runoff into rivers such as the Missouri and Mississippi River basins to improve water quality. Vilsack said it’s important the program “give the American taxpayers more bang for the buck while addressing some of the most important conservation challenges facing us.”
Come September, the biggest contract expirations would be in Colorado, Kansas, Montana, North Dakota, Oklahoma and Texas. The general sign-up would ideally replace those acres and also push overall acreage back to the 32-million acre level.
The 2008 farm bill lowered CRP acreage from 36.7 million to a cap of 32 million acres. Right now, the program covers about 31.4 million acres. Acreage has declined partially because of the lower cap, but also, because higher commodity prices over the past three years have pushed up farm rental rates and made CRP payment rates less competitive. Right now there are no plans to dramatically increase CRP rates.
“This is a challenge for us, obviously, but we think that the crop prices are moderating a little bit that may make it a little easier than in the past,’’ Vilsack said. “I think we need to focus on the non-productive, or not-as-productive land, and to explain that in the long run this could be a good decision.”
As House Agriculture Committee Chairman Collin Peterson, D-Minn., begins hearings on a 2012 farm bill, Vilsack said this enrollment is a chance to put a spotlight on conservation programs “so they don’t get lost in a lot of other discussions that could take place.’’
There are added incentives for farmers willing to allow access to their land to hunt and fish as part of a $50 million fund available as well, Vilsack said, that could make CRP payment rates more competitive. Still, Vilsack added, “We’re going to struggle mightily to get as close to 32 million (acres) as we possibly can,” he said. “I can’t guarantee we can get there. A lot of it is projections. We’ll see what this sign-up brings and what the reaction is to better targeting.”
A buffer-strip initiative would be critical, taking lands around streams and rivers to improve water quality. Vilsack worked on a similar project with Pheasants Forever as governor of Iowa, enrolling farmers in buffer-strip acreage set-asides that reduced farm runoff and also improved hunting grounds in parts of the state.
Later this year USDA will celebrate the 25th anniversary of the CRP, which was created in the 1985 farm bill. Plugging the administration focus on climate change, Vilsack also noted the CRP is the nation’s largest private-lands carbon sequestration project, capturing the emissions equivalent of about 10 million cars.
Vilsack said he is worried about the large number of acres that have come out of CRP. The program has helped reduce soil erosion by 44 percent since the program’s creation, but still 1.7 billion tons of soil are lost to wind and water erosion annually.
Pheasant populations have declined dramatically since some states saw a peak in hunting harvests in 2006, partially due to the loss of CRP acreage in prairie states. Bad spring weather in states such as Iowa also decimated pheasant populations.
Vilsack also signed a memorandum of the continuous sign-up program of CRP by reallocating 300,000 CRP acres to three different wildlife initiatives. One shift adds 50,000 acres to a duck-habitat restoration initiative. Another adds 100,000 acres the upland bird initiative, also known as “quail buffers.” Further, some states have aggressively enrolled acres into USDA’s State Acres For Wildlife Enhancement, or SAFE, so USDA will add another 150,000 acres to those states that have maxed-out their allotted acres.
The MOU with Pheasants Forever establishes a closer relationship between the hunting group and agencies such as the Natural Resources Conservation Service and Farm Service Agency, allowing Pheasants Forever to better work with landowners and farmers to implement farm-bill conservation practices.
Noting that hunting is a $67 billion in industry, Vilsack said a 4 percent increase in CRP acreage in a given area has shown to increase pheasant populations 22 percent and duck populations by 46 percent.
For information on CRP enrollment, contract expirations and rental payments by state, go to http://www.fsa.usda.gov/Internet/FSA_File/jancy2010.pdf
Southwest Oklahoma Elevator Expanding Could Mean 40 Cent Increase In Price
By Pat Hill
DTN Markets Editor
Omaha (DTN) — Farmers Co-op Association in Eldorado, Okla., tucked in the far southwestern corner of the state, just across the Red River from Texas, is only a few weeks from finishing installation of a shuttle train loading facility.
Its 123-car circle track, the largest in the U.S., will lower freight costs and improve local basis, according to manager Barney Trammel.
“It should mean about 40 cents in farmers’ pockets,” Trammel told DTN.
But just up the road, near Altus, Gavilon Grain has just announced plans to build its own state-of-the-art facility, and some in the industry are wondering if there will be enough grain grown in that Texhoma area to keep both facilities busy.
The Eldorado co-op will have 1.4 million bushels of storage and two 25,000-bushel legs that should load 50,000 bushels an hour, fast enough to fill a train car in four minutes, Trammel told DTN.
The Gavilon facility, doing business under the name Peavey Company, will be a 1.3-million-bushel elevator, complementing other Gavilon facilities in Port of Catoosa and Wichita Falls, said Deb Ahl, Gavilon spokesperson.
Farmers Co-op conducted a study of grain production in Trammel’s area in southwestern Oklahoma, he said, and concluded, with what they have handled in the past, that their shuttle train will work for them. The co-op did not know of Gavilon’s plans when they decided to upgrade its facilities, he said.
Trammel said he should be moving wheat into the new elevator by the end of March, and should be ready to receive this spring’s harvest, which usually starts by May 20.
Gavilon Grain at Altus is posting wheat bids for June and July delivery on its website, and is expected to be substantially complete by this fall, Ahl said. The Altus facility will also be able to unload trains and load trucks, she said, so it could be used to ship grain to area feedlots or dairies.
The added train-loading capacity is a concern for other area elevators, as it means more competition for farmers’ grain.
“You look at production and average yields for the area and it’s hard to justify that big an addition,” said Joe Neal Hampton, president of the Oklahoma Grain and Feed Association. Hampton said Vernon, Texas, has the ability to co-load trains, and there’s also similar capacity in Chilicothe, Texas.
“It will affect us. It’s early to predict how it will unfold. It’s a new face on the competitive landscape,” said Kenny Hahn, manager of the Planters Co-op in Lone Wolf, which is about 25 miles northeast of Altus. “There’s no more production in the area, so you have to wonder what their [Gavilon’s] strategy is, what their approach will be, how they will feed that loader.”
The strategy may be part of a general expansion, said Tom Williamson, president of Transportation Consultants.
“Grain companies that have minded their P’s and Q’s the last four or five years have had an opportunity to make good money, especially those with storage ... and people are beginning to spend some of that money,” Williamson told DTN.
“Railroads want these [shuttle facilities] built. They need enough storage to load shuttle trains with 110 cars, and in the future, 120 cars. They have to load ‘em fast — 15 hours is the maximum time they want to load, so that’s eight cars an hour — it has to be fast. It requires more investment in high-speed legs and handling equipment. That’s where the money is being put.” And it’s big money. Williamson said a mile of track costs about a million dollars.
Transportation Consultants is working on some of these kinds of projects with its clients, Williamson said, and there are likely to be some announcements of those projects within the next 60 days.
In addition to the Altus facility, Gavilon is expanding train shuttle service at its location in New Rockford, N.D., to a 1.8-million bushel, 120-car capacity. Also operating under the Peavey name, it expects to be able to receive 40,000 bushels per hour and will have high-speed grain-drying capacity. Construction at New Rockford was announced last fall, and is expected to be ready to receive corn, beans and wheat in June.
Gavilon announced a third project earlier this month, an expansion of its grain handling facility, the Kalama Export Company, at the Port of Kalama on the Columbia River in Washington. The expansion will add 21,000 metric tons of storage, a new wheat-cleaning system and greater vessel-loading capacity; completion of the project is expected by spring of 2011.
National Feeder Cattle Summary
St. Joseph, MO — February 26 (F-S) National feeder cattle receipts: 295,700. Sharp gains, feeder steers and heifers weighing over 700 lbs sold mostly steady with several areas reporting newfound weakness to offset those that were still realizing strength left over from last week. Stocker cattle and calves continued in high demand with price levels firm to $3 higher and some instances quoted as much as $7 higher than last week’s advances. Pressure was placed on the heavier feeders as the CME cattle futures opened the week lower and packers were able to talk feedlots into an early-week trading session at price levels that were steady to $1 lower, stifling the recent fed cattle market rally that cattle growers have cheered-on for the past three weeks. Live slaughter cattle sales ranged from $89-92 ($91-92 in the Southern Plains) and dressed sales were from $144-145. Hedged feeders fell victim to an opening in the basis between cash and the maturing February Live contract that fell nearly $2.50 this week to end its reign as the spot market. Stocker cattle trading remained active this week but were not quite as whippy as last week, with price levels reaching the point of diminishing self satisfaction for auction buyers that looked like a gaggle of texting teenagers as they figured price per head on their calculators. Salebarn receipts were fairly heavy this week as country road conditions improved in many areas and sellers were able to move their livestock to market. No one escaped the cold weather this winter with snow measurements recorded in all 50 states at the same time in February across the United States. However, signs of spring were reported this week as a few cattlemen unzipped their coveralls and folded up the earmuffs on their stocking caps. Most Americans can’t remember a longer and colder winter, as we anticipate the sun spending more time on our side of the globe. Backgrounders continue to assemble their late winter and early spring grazers, but temperatures in most areas will delay available forage for a few weeks longer than normal. Mud will be the next inhibitor as frozen fields thaw out and wheat producing farmers will want cattle moved off pastures prior to March 15th. Cow/calf producers are starting to welcome this spring’s calf crop into the world and many midwives (husbands) will stay up day and night for the next several weeks. Beef tonnage loss due to weight sapping weather has lessened the condition of every class of cattle and a higher subsequent deathloss of newborns is expected. Year to date cattle harvest is running right on schedule, but beef production (in pounds) is 1.5 percent lower so far compared to last year. This week’s reported auction volume included 54 percent over 600 lbs and 44 percent heifers.
Texas 21,500. 43 pct over 600 lbs. 41 pct heifers. Steers: Medium and Large 1 300-350 lbs (324) 128.50; 350-400 lbs (369) 126.83; 400-450 lbs (424) 122.31; 450-500 lbs (473) 118.75; 500-550 lbs (521) 114.70; 550-600 lbs (571) 114.95; 600-650 lbs (624) 109.42; 650-700 lbs (676) 103.53; 700-750 lbs (727) 101.64; 750-800 lbs (769) 99.90; 800-850 lbs (818) 97.83; 850-900 lbs (867) 96.17. Medium and Large 1-2 450-500 lbs (466) 105.47; 500-550 lbs (529) 108.08; 550-600 lbs (573) 108.83; 600-650 lbs (634) 99.24; 650-700 lbs (682) 104.28; 750-800 lbs (774) 97.52. Heifers: Medium and Large 1 300-350 lbs (324) 114.56; 350-400 lbs (377) 112.80; 400-450 lbs (428) 109.37; 450-500 lbs (472) 107.41; 500-550 lbs (520) 103.53; 550-600 lbs (575) 100.90; 600-650 lbs (615) 97.48; 650-700 lbs (673) 94.06; 700-750 lbs (729) 92.73; 800-850 lbs (809) 92.01. Medium and Large 1-2 350-400 lbs (384) 106.24; 450-500 lbs (460) 105.13; 500-550 lbs (513) 102.45; 550-600 lbs (581) 98.35; 600-650 lbs (613) 93.99; 650-700 lbs (672) 94.64; 700-750 lbs (719) 88.46; 750-800 lbs (756) 89.27; 800-850 lbs (808) 83.34.
Oklahoma 32,300. 69 pct over 600 lbs. 37 pct heifers. Steers: Medium and Large 1 300-350 lbs (332) 134.69; 350-400 lbs (375) 132.00; 400-450 lbs (422) 130.35; 450-500 lbs (484) 126.93; 500-550 lbs (523) 120.36; 550-600 lbs (574) 117.35; 600-650 lbs (622) 111.05; 650-700 lbs (674) 106.26; 700-750 lbs (725) 104.11; 750-800 lbs (778) 99.38; 800-850 lbs (818) 97.99; 850-900 lbs (870) 96.11. Medium and Large 1-2 400-450 lbs (443) 120.53; 450-500 lbs (483) 119.73; 500-550 lbs (517) 118.09; 550-600 lbs (570) 113.18; 600-650 lbs (628) 109.49; 650-700 lbs (678) 103.90; 700-750 lbs (730) 101.82; 750-800 lbs (768) 99.79; 800-850 lbs (823) 96.41; 850-900 lbs (881) 95.24. Heifers: Medium and Large 1 350-400 lbs (386) 111.61; 400-450 lbs (428) 110.73; 450-500 lbs (480) 108.55; 500-550 lbs (520) 106.24; 550-600 lbs (574) 102.17; 600-650 lbs (623) 99.39; 650-700 lbs (680) 96.67; 700-750 lbs (727) 95.46; 750-800 lbs (776) 93.78; 800-850 lbs (818) 91.46; 850-900 lbs (868) 89.05. Medium and Large 1-2 450-500 lbs (472) 106.72; 500-550 lbs (516) 104.19; 550-600 lbs (573) 101.45; 600-650 lbs (624) 98.21; 650-700 lbs (669) 97.85; 700-750 lbs (721) 93.85; 750-800 lbs (783) 90.83; 800-850 lbs (826) 88.47.
New Mexico 5800. 32 over 600 lbs. 14 pct heifers. Steers: Medium and Large 1 300-350 lbs (330) 128.42; 350-400 lbs (380) 121.15; 400-450 lbs (439) 120.97; 450-500 lbs (464) 119.55; 500-550 lbs (526) 114.18; 550-600 lbs (576) 108.29; 600-650 lbs (620) 104.01; 650-700 lbs (675) 101.44; 700-750 lbs (719) 100.96; 800-850 lbs (807) 94.20. Medium and Large 1-2 450-500 lbs (475) 116.31; 500-550 lbs (516) 112.27; 600-650 lbs (612) 105.32; 650-700 lbs (675) 102.06; 700-750 lbs (727) 98.14. Heifers: Medium and Large 1 300-350 lbs (337) 114.38; 350-400 lbs (378) 109.89; 400-450 lbs (422) 108.45; 450-500 lbs (476) 100.34; 500-550 lbs (522) 101.59; 550-600 lbs (576) 89.90; 600-650 lbs (623) 94.86; 700-750 lbs (735) 87.16. Medium and Large 1-2 450-500 lbs (479) 101.16; 500-550 lbs (521) 104.08; 650-700 lbs (687) 95.39.
Kansas 10,600. 85 pct over 600 lbs. 32 pct heifers. Steers: Medium and Large 1 400-450 lbs (421) 130.64; 450-500 lbs (473) 127.34; 500-550 lbs (519) 122.31; 550-600 lbs (571) 118.97; 600-650 lbs (628) 111.52; 650-700 lbs (673) 107.90; 700-750 lbs (725) 104.21; 750-800 lbs (782) 99.48; 800-850 lbs (826) 98.18; 850-900 lbs (867) 96.32. Medium and Large 1-2 500-550 lbs (529) 118.65; 550-600 lbs (558) 114.20; 600-650 lbs (626) 104.07; 650-700 lbs (686) 104.74; 700-750 lbs (723) 101.00; 750-800 lbs (768) 97.03; 800-850 lbs (829) 97.36; 850-900 lbs (891) 93.81. Holsteins: Large 3 pkg 615 lbs 78.00. Heifers: Medium and Large 1 350-400 lbs (370) 117.90; 400-450 lbs (419) 111.60; 450-500 lbs (475) 108.23; 500-550 lbs (526) 109.22; 550-600 lbs (567) 104.26; 600-650 lbs (621) 99.29; 650-700 lbs (677) 97.08; 700-750 lbs (712) 95.35; 750-800 lbs (775) 94.34; 800-850 lbs (821) 92.98; 850-900 lbs (867) 91.23. Medium and Large 1-2 350-400 lbs (381) 113.46; 400-450 lbs (428) 111.31; 450-500 lbs (485) 110.96; 500-550 lbs (545) 104.69; 550-600 lbs (581) 98.27; 600-650 lbs (628) 97.19; 650-700 lbs (687) 94.36; 700-750 lbs (721) 93.63; 750-800 lbs (789) 92.14; 800-850 lbs (817) 90.10.
Missouri 32,700. 49 pct over 600 lbs. 44 pct heifers. Steers: Medium and Large 1 300-350 lbs (333) 132.86; 350-400 lbs (378) 132.65; 400-450 lbs (427) 130.00; 450-500 lbs (427) 130.00; 450-500 lbs (475) 126.74; 500-550 lbs (527) 119.99; 550-600 lbs (575) 115.79; 600-650 lbs (625) 109.72; 650-700 lbs (675) 105.76; 700-750 lbs (723) 103.31; 750-800 lbs (773) 99.20; 800-850 lbs (817) 95.86; 850-900 lbs (862) 95.74. Medium and Large 1-2 300-350 lbs (332) 127.81; 350-400 lbs (373) 123.94; 400-450 lbs (429) 120.54; 450-500 lbs (477) 117.17; 500-550 lbs (522) 114.15; 550-600 lbs (579) 108.73; 600-650 lbs (625) 105.68; 650-700 lbs (672) 101.50; 700-750 lbs (727) 99.31; 750-800 lbs (769) 95.75; 800-850 lbs (823) 93.32; 850-900 lbs (881) 92.19. Holsteins: Large 3 700-750 lbs (729) 72.53; 800-850 lbs (813) 71.66. Heifers: Medium and Large 1 300-350 lbs (331) 115.29; 350-400 lbs (378) 110.89; 400-450 lbs (428) 110.56; 450-500 lbs (472) 107.74; 500-550 lbs (521) 104.84; 550-600 lbs (570) 102.17; 600-650 lbs (623) 98.43; 700-750 lbs (723) 93.91; 750-800 lbs (773) 93.27; 800-850 lbs (809) 93.00; 850-900 lbs (869) 87.28. Medium and Large 1-2 300-350 lbs (329) 105.90; 350-400 lbs (378) 106.31; 400-450 lbs (426) 103.92; 450-500 lbs (475) 103.14; 500-550 lbs (523) 100.88; 550-600 lbs (572) 99.06; 600-650 lbs (623) 96.26; 650700 lbs (671) 93.28; 700-750 lbs (726) 91.66; 750-800 lbs (769) 90.02; 800-850 lbs (813) 87.24; 850-900 lbs (878) 81.16.
Arkansas 10,400. 33 pct over 600 lbs. 45 pct heifers. Steers: Medium and Large 1 300-350 lbs (326) 129.45; 350-400 lbs (373) 125.47; 400-450 lbs (424) 120.36; 450-500 lbs (474) 118.18; 500-550 lbs (522) 113.37; 550-600 lbs (575) 108.48; 600-650 lbs (621) 106.26; 650-700 lbs (675) 102.89. Medium and Large 2 300-350 lbs (331) 114.54; 350-400 lbs (377) 113.50; 400-450 lbs (424) 109.11; 450-500 lbs (480) 105.89; 500-550 lbs (528) 102.39; 550-600 lbs (575) 98.17; 600-650 lbs (625) 96.70; 650-700 lbs (670) 96.02. Holsteins: Large 3 450-500 lbs (486) 72.21. Heifers: Medium and Large 1 300-350 lbs (328) 108.89; 350-400 lbs (378) 107.80; 400-450 lbs (427) 105.65; 450-500 lbs (474) 104.12; 500-550 lbs (521) 97.36; 550-600 lbs (572) 96.20; 600-650 lbs (622) 93.07; 650-700 lbs (670) 91.68. Medium and Large 2 300-350 lbs (326) 98.06; 350-400 lbs (376) 97.62; 400-450 lbs (429) 96.22; 450-500 lbs (472) 94.39; 500-550 lbs (527) 90.04; 550-600 lbs (568) 88.71; 600-650 lbs (624) 87.76; 650-700 lbs (669) 89.61.
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