AM_LS165 Amarillo, TX Fri Dec 7, 2018 USDA-TX-Dept of Ag Market News Texas Direct Feeder Cattle Report Feeder Cattle Weighted Average Report for 12/07/2018 Receipts: 14,000 Last Week: 22,600 Year Ago: 7,900 Compared to last week: Current FOB steers and heifers sold 2.00 to as much as 7.00 lower. Trade activity and demand were moderate. Most of the decline in the prices were on the lighter weight yearlings expecting to finish in summer. The large gap in CME live cattle future contracts of cattle finishing in April vs June is causing concern and gap in weight classes of feeder cattle prices. Receipts were also curbed due to impending winter storm predicted for the weekend. Supply consisted of 48 percent steers and 52 percent heifers. Near 96 percent of the offerings weighed over 600 lbs. Prices based on net weights FOB after a 3 percent shrink or equivalent and 9-15 cent slide on calves and 5-12 cent slide on yearlings from base weights. Delivered prices include freight, commissions and other expenses. Current sales are up to 14 days delivery. Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Delivery 225 600 600 149.00 149.00 Current FOB 75 650 650 143.00 143.00 Current FOB 215 700 700 143.00 143.00 Current FOB 713 750-775 762 139.00-144.00 140.49 Current FOB 715 800-825 805 137.00-143.00 139.57 Current FOB 115 850 850 145.00 145.00 Current FOB 63 777 777 145.00 145.00 Current Del 300 750 750 140.40 140.40 Jan FOB 180 800 800 137.90 137.90 Jan FOB 700 775 775 139.75 139.75 Jan Del 630 800-825 805 141.20-144.00 141.67 Jan Del Feeder Steers Medium and Large 1-2 Head Wt Range Avg Wt Price Range Avg Price Delivery 158 625-630 628 142.15-149.29 145.66 Current FOB 331 650-685 673 139.35-147.85 142.13 Current FOB 140 729 729 141.00 141.00 Current FOB 256 775 775 137.32-141.35 140.37 Current FOB 180 820 820 139.00 139.00 Current FOB 245 850 850 141.91-143.33 142.61 Current FOB 120 675 675 150.00-152.00 151.17 Current Del 399 700 700 143.50 143.50 Current Del 36 750 750 149.00 149.00 Current Del 475 800-825 820 140.00-144.00 140.82 Current Del 232 860 860 144.00 144.00 Current Del Feeder Steers Medium and Large 2 Head Wt Range Avg Wt Price Range Avg Price Delivery 184 720 720 132.00 132.00 Current FOB Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Delivery 74 595 595 142.00 142.00 Current FOB 545 600-616 607 140.00-146.00 142.52 Current FOB 68 669 669 140.00 140.00 Current FOB 64 762 762 140.00 140.00 Current FOB 500 650-675 658 141.20-146.00 143.24 Current Del 207 700-725 708 137.40-139.20 138.60 Current Del 440 700 700 133.50-135.40 134.80 Jan FOB 475 750 750 131.40-133.50 133.12 Jan FOB 490 700 700 128.60-128.65 128.62 Feb FOB 884 700-725 717 134.50-138.20 135.75 Jan Del 739 725 725 128.25-129.75 128.66 Feb Del 1325 700 700 128.99-133.75 133.01 Mar Del 560 700 700 134.25 134.25 Apr Del Feeder Heifers Medium and Large 1-2 Head Wt Range Avg Wt Price Range Avg Price Delivery 356 625 625 134.35-135.85 134.84 Current FOB 105 700 700 134.79-136.11 135.67 Current FOB 196 750-765 760 130.35-136.33 132.31 Current FOB 45 625 625 141.00 141.00 Current Del 180 675 675 142.00 142.00 Current Del 94 725-735 732 138.00-141.46 139.06 Current Del Source: USDA-TX Dept of Ag Market News Service Lana Hutto, Market Reporter, 806-356-5785 landrea.hutto@ams.usda.gov www.ams.usda.gov/mnreports/AM_LS165.txt 1200c ldh .