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Illinois & Eastern Cornbelt Livestock & Grain Weekly Summary, September 3, 2010 09/03/10 11:59:39 AMIllinois & Eastern Cornbelt Livestock & Grain Weekly Summary for September 3, 2010 Eastern Cornbelt barrows and gilts traded 3.57 lower on a carcass basis. Plant delivered carcass base price on Friday was 70.50-77.70 with a weighted average of 75.73. Illinois direct barrows and gilts traded 1.00 to 3.00 lower at 53.00-57.00. The pork carcass cutout value compared to last Thursday was 1.35 lower at 92.38. Estimated slaughter receipts under Federal Inspection through the first four days of the week were at 1,631,000 compared with 1,640,000 last week and 1,734,000 last year. IL Direct sows traded 3.00 to 5.00 lower, instances 7.00 lower. Demand was light to moderate. Offerings were moderate. Lack of buying interest heading into the holiday weekend helped to pressure prices. The slaughter receipts for the week totaled 4,750 this week compared to 5,348 last week and 4,914 last year. Weekly averages for sows: US grade 1-3 300-400 lbs 52.40; 400-500 lbs 56.00; 500-600 lbs 58.50; over 600 lbs 60.00. Boars: under 300 lbs 37.70; over 300 lbs 15.00. Eastern Cornbelt Direct Feeder Pigs: Early weaned and feeder pigs traded steady to 1.00 lower. Feeder pigs traded unevenly steady. Demand was light to moderate for moderate offerings. Receipts included 85% formulated prices. FOB Eastern Cornbelt - Illinois, Indiana, Ohio, Michigan RECEIPTS THIS WEEK: 26,527 LAST WEEK: 21,931 LOT SIZE NUMBER OF HEAD PRICE/HEAD WEIGHTED AVERAGE PRICE EARLY WEANED PIGS 10 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE 250-750 5554 35.63-41.57 $39.85 750 or more 18473 35.10-42.50 $37.90 Total Composite 24027 35.10-42.50 $38.35 FEEDER PIGS 40 POUNDS BASIS: ESTIMATED 50-54% LEAN VALUE 250 head or less 50 47.00-47.00 $47.00 250-750 250 61.00-61.00 $61.00 750 or more 2200 53.00-57.43 $55.42 Total Composite 2500 47.00-61.00 $55.81 Illinois Direct Slaughter Cattle Choice 2-3 steers and heifers traded 94.50-97.00 on a live basis and 149.00-151.00 on a dressed basis. All prices reflected back to fob. Eastern Cornbelt Direct Feeder cattle did not have enough comparable sales for an accurate price trend comparison. Bulk of this week's movement was Holsteins, steers over 900 lbs and heifers over 700 lbs. However, a definite higher undertone noted. Trade activity was light to moderate with limited demand in reaction to current fed cattle prices and narrowing margins. Confirmed sales this week were 17% steers; 20% heifers and 63% Holstein steers; with 46% over 600 lbs. Reported sales this week: 1983 Last Week: 1258 Last year: 2179 Feeder Steers: Medium and Large 1: 650-700 lbs 116.50; 900-950 lbs 108.00. Feeder Holstein Steers: Large 3: 450-500 lbs 110.50; 600-650 lbs 106.00; 800-850 lbs 86.50; 900-950 lbs 75.00; 950-1000 lbs 80.75. Feeder Heifers: Medium and Large 1: 700-750 lbs 104.00-109.50; 750-800 lbs 104.00. At the Illinois auctions which are covered Fairview Livestock Barn, Greenville Livestock, United Producers/Shelbyville, Reel/Congerville, Schuyler Livestock Sales, Rushville and Walnut Livestock Sales. Receipts this week: 2835, including special sale. Last Week: 3129. Last Year: 2713, including special sale. Compared to last week, slaughter steers and heifers sold 1.00-3.00 lower. Choice steers sold from 90.50-96.00 with a few high dressing up to 97.75. Choice heifers sold from 90.50-96.00. Choice Holstein slaughter steers traded unevenly steady from 86.00-91.00. Slaughter cows traded steady to 3.00 lower. Slaughter bulls traded steady in a light test. The USDA Beef Carcass Equivalent Index Value was at 147.52 for a Choice 600-900 pound carcass, 2.56 lower than last week. The Boxed Beef Cutout value for a Choice 600-900 pound carcass was 1.39 lower than last week at 162.91. Fairview Cattle Auction at Fairview 08/31/10. Receipts: 339. Compared to last week, slaughter steers and heifers sold 2.00 to 3.00 lower. Slaughter cows sold 3.00 to 5.00 lower and slaughter bulls traded steady in a light test. Trade was active with moderate demand. Slaughter steers and heifers accounted for 70% of the run; slaughter cows 27%; and slaughter bulls 3%. Sltr steers: Choice 2-3: 1000-1550 lbs 91.00-96.00. Sltr Holstein steers: Choice 2-3: 1100-1300 lbs 81.50-83.00. Sltr heifers: Choice 2-3: 1000-1400 lbs 90.75-95.75. Sltr cows: Breakers: 1000-2000 lbs 60.00-65.50, high dressing 66.00-73.75; Boners: 1000-2000 lbs 55.00-59.75, low dressing 51.75-53.50. Sltr bulls: Yield Grade 1: 1150-2000 lbs 64.75-68.00, high dressing 74.00-80.00. United Producers Auction at Shelbyville 08/31/10. Receipts: 600. Compared to last week, slaughter steers and heifers sold 2.00 to 2.50 lower. Slaughter Holstein steers sold 1.00 lower in a light test. Slaughter cows, slaughter bulls, and feeder cattle were not reported due to reporter's absences. Slaughter steers accounted for 66% of the reported run; slaughter Holstein steers 15%; and slaughter heifers 19%. Sltr steers: Choice 2-3: 1050-1500 lbs 93.00-96.00. Select and Choice 2-3: 1000-1450 lbs 88.00-93.50. Sltr Holstein steers: Choice 2-3: 1200-1600 lbs 87.25-92.00. Sltr Heifers: Choice 2-3: 1000-1300 lbs 94.00-95.00. Select and Choice 2-3: 1000-1250 lbs 89.00-93.00. Special Feeder and Breeding Cattle Sale at Salem 08/30/10. Receipts: 532. Very good demand for all types of feeder cattle. Good buyer attendance. Feeder cattle accounted for 96% of the run; bred cows/cow-calf pairs 4%. Steers accounted for 23% of the feeder run; Holstein steers 2%; heifers 53%; and bulls 22%. Feeders over 600 lbs 27%. Fdr steers: Med and Large 1-2: 350-400 lbs 115.00; 400-450 lbs 132.50 value added; 500-600 lbs 115.00-121.00; 600-700 lbs 105.00-109.00. Fdr Holstein steers: Large 3: 300-350 lbs 101.00 value added. Fdr heifers: Med and Large 1-2: 250-300 lbs 136.00-149.00; 300-400 lbs 125.00-130.00; 400-550 lbs 111.00-114.00, value added 118.00; 500-600 lbs 100.00-106.00, value added 108.50; 600-650 lbs 105.50-111.50 value added; 700-750 lbs 108.00-113.00. Fdr bulls: Med and Large 1: 400-450 lbs 115.00-122.00. Med and Large 2: 400-450 lbs 109.00-111.00. Bred cows: Med and Large 2nd stage: Young: 850 lbs 620.00; Middle-Aged: 1300 lbs 825.00. Cow-calf pairs: Med and Large 1-2: Young: 750-1050 lbs 610.00-850.00; 1300 lbs 1170.00-1275.00; Middle-Aged: 1100-1300 lbs 800.00-1200.00; Greenville Livestock Auction Inc at Greenville 09/01/10 Receipts: 546. Compared to last week, slaughter steers and heifers sold 1.50 to 2.00 lower. Slaughter Holstein steers sold .50 higher. Slaughter cows, slaughter bulls, and feeder cattle were not reported due to reporter's absences. Slaughter steers accounted for 38% of the reported run; slaughter Holstein steers 21%; and slaughter heifers 41%. Sltr Steers: Choice 2-3: 1100-1500 lbs 93.00-95.50. Select and Choice 2-3: 1000-1500 lbs 88.00-93.00. Sltr Holstein Steers: Choice 2-3: 1300-1600 lbs 86.00-91.00. Select and Choice 2-3: 1200-1450 lbs 80.00-85.50. Sltr Heifers: Choice 2-3: 1100-1600 lbs 93.50-96.00. Select and Choice 2-3: 900-1400 lbs 88.50-93.00. Reel Livestock Auction at Congerville, IL 09/01/10. Receipts: 698. Compared to last week, slaughter steers and heifers sold 1.00 to 2.00 lower. Slaughter cows traded steady to 3.00 lower and bulls traded steady. Feeder cattle sold steady. Trade was active with moderate demand. Slaughter steers and heifers accounted for 16% of the run; slaughter cows 10%; slaughter bulls 2%; feeder cattle 72%. In the feeder cattle supply 14% steers; 3% Holstein steers; 77% heifers; and 6% bulls. Feeder cattle over 600 lbs 50%. Sltr steers: Choice 2-3: 1000-1600 lbs 90.50-95.50. Sltr heifers: Choice 2-3: 950-1350 lbs 90.50-94.50. Sltr cows: Breakers: 1000-2000 lbs 60.00-65.00; Boners: 1000-2000 lbs 56.00-57.00; Lean: 1000-1600 lbs 43.00-50.00. Sltr bulls: Yield Grade 1: 1250-2200 lbs 63.00-68.00. Fdr steers: Med and Large 1-2: 550-600 lbs 119.00. Med and Large 1-2: 600-650 lbs 113.00. Fdr Holstein steers Large 3: 500-950 lbs 63.00-71.00. Fdr heifers: Med and Large 1-2: 550-700 lbs 118.00-122.50. Large 1-2: 650-700 lbs 101.50-111.00, fancy 122.50. Medium 1-2: 250-600 lbs 112.00-118.00, value added 133.00. Fdr bulls: Med and Large 1-2: 150-250 lbs 133.00-160.00; 550-600 lbs 110.00-116.00. Bred cows: Med and Large: 1st stage Young: 1000-1050 lbs 700.00; Middle-Aged: 1550-1600 lbs 900.00. Schuyler Livestock Sales at Rushville, IL 09/01/10. Receipts: 120. Compared to last week, slaughter steers and heifers sold 2.00 to 3.00 lower. Trade was active with moderate demand. Slaughter cows, bulls, and feeders were not reported due to reporter's absences. Slaughter steers accounted for 60% of the reported run; slaughter heifers 40%. Sltr steers: Choice 2-3: 1000-1450 lbs 90.50-94.75. Sltr heifers: Choice 2-3: 1000-1300 lbs 91.00-95.75. Walnut Livestock Auction at Walnut ***COVERAGE OF THIS AUCTION IS TEMPORARILY SUSPENDED UNTIL THE STATE AUCTION REPORTER POSITION IS FILLED*** Hamilton's Madison County Ag Hay Auction at Bethalto, IL WILL RESUME DECEMBER 4, 2010. Arthur Weekly Hay Auction at Arthur 08/30/10. Receipts: 1054 bales (34.07 tons). Compared to last week, small squares of hay sold mostly steady to 50 cents higher. Demand was moderate, with moderate offerings and moderate trading activity. All prices are on a per bale basis for small squares, large squares and large rounds. Alfalfa, Premium Quality Small Squares ranged from 4.75-5.75; Good Quality Small Squares traded from 4.50-4.60, with Large Squares (2x3) at 50.00. Alfalfa-Orchard Grass Mix, Premium Quality Small Squares sold at 5.00. Alfalfa-Mixed Grass, Good Quality sold at 3.50; Fair Quality Small Squares traded at 2.25. Orchard Grass, Good Quality Small Squares ranged from 2.60-3.00. Mixed Grass, Good Quality Small Squares traded from 1.75-2.75, with Large Rounds at 30.00; Fair Quality Small Squares ranged from 1.00-1.50, with Large Rounds at 22.50. Oat Stubble, Fair Quality Small Squares sold at 1.25, with Large Squares (2x3) at 15.00. Oats-Teff Grass, Fair Quality Large Squares traded at 17.50. United Producers Inc Weekly Hay Auction at Shelbyville 08/31/10. Receipts: 236 bales (5.90 tons). Compared to last week, hay sold mostly steady. Demand was moderate, with light to moderate offerings and slow to moderate trading activity. All prices are for small squares on a per bale basis unless noted. Mixed Grass, Good Quality Small Squares traded from 2.75-2.90; Fair Quality Small Squares ranged from 1.00-1.60. Illinois grains-Prices ended the reporting week mixed, with corn and wheat higher and soybeans lower. Early this week the outside markets weighed on grain futures. The stock market indexes and crude oil values were sharply lower. Export news and sales, along with the news the Russian export ban would last until the 2011 grain harvest supported good gains in the wheat market. Corn and wheat also drew strength from higher than expected weekly export sales numbers. Corn sales for the week totaled 1.658 million tonnes, with wheat at 1.024 million tonnes. The purchase of 225,000 tonnes of US wheat by Egypt also helped to push wheat prices higher. According to the Illinois Crops and Weather report, from the Illinois Field Office of the National Ag Statistics Service, for the week ending August 29th, 62% of the Illinois corn crop was in the Good to Excellent condition, which was 2% lower than last week. The soybean crop was 59% in the Good to Excellent condition, which was 3% lower than last week. Corn harvest has officially started in Illinois. There has been 2% of the state’s corn crop harvested, compared to none last year, and the five year average of 1%. Several country grain elevators, especially in the southern area of the state, had several busy days with harvest this week. There was 22% of the state’s soybean crop turning yellow, compared to 1% last year and 13% for the five year average. There were 2% of the regions in Illinois that reported topsoil moisture surplus, with 59% adequate and 39% short to very short, so it was definitely getting drier across the state. The southeastern side of Illinois continues to miss the rain as 78% of their area was very short to short on topsoil moisture. Trading in the cash markets was slow to moderate this week. Many country grain elevators were busier this week with corn harvest. More farmers intend to start harvest activities next week, after the Labor Day holiday. Many grain terminals changed their spot basis month for corn and wheat from September (U) to December (Z), so there will be no basis comparisons for cash corn and wheat this week. Cash soybean bids to producers at the Central Illinois Soybean Processors dropped 5 to 35 cents this week to range from 10.24-10.34, with basis steady to 30 cents lower ranging from +15X to +25X. Cash corn bids to producers at the Central Illinois Corn Processors gained 15 to 21 cents to 4.15-4.32, with basis ending the week in a range of -32Z to -15Z. At the Illinois River terminals south of Peoria, cash corn bids went up 22 to 23 cents to 3.96-4.09, with basis ranging from -51Z to -38Z. Cash soybean bids fell 9 to 12 cents to 9.83-9.96, with basis down 4 to 7 cents at -26X to -13X. Bids for January corn ranged from 4.44-4.48, with basis at -16 ½H to -12H. January delivery soybean bids ranged from 10.23-10.27, with basis at +5F to +9F. New crop wheat bids for June-July 2011 delivery ranged from 6.05-6.38, with basis at -110N to -77N. At the Illinois River terminals north of Peoria, cash corn bids gained 23 to 31 cents to 3.95-4.08, with basis ranging from -7Z to -4Z. Cash soybean bids were up 1 to 2 cents at 10.02-10.05, with basis 6 to 7 cents higher ranging from -7X to -4X. Bids for January 2011 delivery corn ranged from 4.44-4.46, with basis at -17H to -15H. January 2011 delivery soybean bids ranged from 10.18-10.20, with basis at option to +2F. New crop wheat for June-July 2011 delivery ranged from 6.19-6.25, with basis up 6 to 7 cents at -96N to -90N. Cash corn bids to producers at the St. Louis terminals gained 12 to 14 cents to 4.12-4.16, with cash soybean values down 7 to 36 cents to 9.97-10.04. Cash bids for Soft Red Wheat were 47 cents higher at 6.60-6.61, with sorghum values 30 cents higher at 4.40-4.41. In northern and western Illinois, cash corn bids to producers at country elevators were up 21 to 22 cents at 3.89-3.99, at the central Illinois locations bids were up 15 to 19 cents at 3.93-4.12 and in southern Illinois bids gained 13 to 20 cents at 3.91-4.11. Cash soybean bids were down 9 to 18 cents at 9.71-9.91 in northern and western Illinois, with central Illinois locations 26 to 28 cents lower ranging from 9.96-10.12 and southern Illinois bids dropped 19 to 36 cents at 9.70-9.89. Cash wheat bids to producers at the country elevators in southern Illinois increased 18 to 23 cents to range from 5.79-6.05. Cash sorghum bids at country elevators in the southern part of Illinois were up 11 to 32 cents to range from 3.98-4.04. Bids for January 2011 delivery corn to producers at country elevators in northern and western Illinois ranged from 4.11-4.28, with central Illinois bids at 4.15-4.37 and in the southern part of the state bids ranged from 4.30-4.44. Bids for January 2011 delivery soybeans to producers at country elevators in northern and western Illinois ranged from 9.80-10.01, with central Illinois locations at 9.91-10.13 and southern Illinois bids were at 9.89-10.24. New crop wheat bids for June-July 2011 delivery in southern parts of Illinois ended 10 to 18 cents higher at 6.05-6.35. Central Illinois Average Price at Country Elevators 9/2/2010 8/26/2010 Price Basis Price Basis Corn 4.02 ½ -45 Z 3.86 -30 ½ U Soybeans 10.04 -5 X 10.31 +16 ½ X |
