Livestock report from the Oklahoma City Stockyards

Livestock report from the Oklahoma City Stockyards: Oklahoma Weekly Cattle Auction Summary Livestock Weighted Average Report for the week of Aug. 19 through Thursday.

Receipts: 13,500; Last week: 18,030; Last year: 23,335

Compared to last week: Combined weighted average for seven auctions: Ada, Apache, McAlester, Oklahoma City, OKC West, Tulsa, and Woodward. Feeder steers $2-$6 higher. Feeder heifers mostly $3-$6 higher. Demand moderate to good. Steer and heifer calves not well tested. Slaughter cows mostly steady. Slaughter bulls sold $1-$2 higher. Demand moderate. Temperatures were in triple digits at the beginning of the week, but some rain and thunderstorms have made their way across the trade region at the end of this week bringing some much needed relief. Supply included: 86% Feeder Cattle (50% Steers, 43% Heifers, 7% Bulls); 8% Slaughter Cattle (87% Cows, 13% Bulls); 6% Replacement Cattle (80% Bred Cows, 7% Bred Heifers, 13% Cow-Calf Pairs, 0% Bulls). Feeder cattle supply over 600 lbs was 62%.

Steers: Medium and Large No. 1: (weighted average): 218 lbs. $222.50; 293 lbs. $186.31; 320 lbs. $182.21; 374 lbs. $169.17; 429 lbs. $165.34; 475 lbs. $156.48; 522 lbs. $155.15; 570 lbs. $147.80; 624 lbs. $141.39; 677 lbs. $139.45; 724 lbs. $135; 821 lbs. $127.50; Yearlings: 624 lbs. $146.68; 680 lbs. $143.12; 723 lbs. $142.50; 774 lbs. $138.53; 819 lbs. $135.89; 871 lbs. $135.07; 909 lbs. $128.47; 962 lbs. $125.84; 1,040 lbs. $120; 1,065 lbs. $121.12.

Heifers: Medium and Large No. 1: (weighted average): 281 lbs. $142.44; 328 lbs. $147.47; 373 lbs. $144.49; 417 lbs. $141.72; 477 lbs. $139.51; 529 lbs. $138.49; 571 lbs. $137.09; 608 lbs. $128.18; 674 lbs. $129.75; 748 lbs. $122.50; Yearlings: 626 lbs. $134.44; 672 lbs. $134; 723 lbs. $131.47; 774 lbs. $125.84; 828 lbs. $123.74; 857 lbs. $124.50; 934 lbs. $118.75; 1,008 lbs. $104; 1,093 lbs. $90.

Slaughter Cows: Average dressing Boners, Breakers and Lean cows $56-$67.50.

Slaughter Bulls: Average dressing $82-$93.50.

SLAUGHTER CATTLE

Slaughter cattle mostly $1 higher on a live basis throughout all regions. Nebraska too lightly tested with a much higher undertone noted on a dressed basis. Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled 54,197 head. Last week's total head count was 53,750 head.

Midwest Direct Markets: Nebraska

Live Basis: Steers and Heifers: $108.

Dressed Basis: Steers and Heifers: few $170-$178.

South Plains Direct Markets: Kansas and Texas

Live Basis: Steers and Heifers: $106.

CATTLE FUTURES

Live Cattle: Aug. $104.63; Oct. $99.40; Dec. $104.30; Feb. $109.73.

Feeder Cattle: Aug. $137.35; Sept. $133.25; Oct. $132.53; Nov. $132.30.

CATTLE SLAUGHTER

Federally Inspected Cattle: 654,000 head up 1.9 percent from a year ago.

USDA'S cattle on Feed Report

Cattle on feed as of August 1, 2019 totaled 11.1 million head, 100.2 percent of a year ago. Placements of cattle in the feedlots during July totaled 1.71 million head, 98 percent of a year ago. Cattle weighing under 600 lbs. 21 percent of the total placements; 600-700 lbs. 15 percent; 700-800 lbs. 24 percent; 800-900 lbs. were 23 percent; over 900 lbs. were 17 percent of the total placements. Marketing's of fed cattle during the month of July totaled 2.0 million, 107 percent of a year ago. Western Cornbelt Direct Lean Hog Base Price: Weighted average price of packers bids on a carcass basis delivered to packing plants as of Friday was $63.71.

HOG FUTURES

Dressed Basis: (74% yield): Oct. $59.30; Dec. $58.78; Feb. $66.35; April $72.20.

HOG SLAUGHTER

Federally Inspected Hogs: 2.528 million head up 0.3 percent from a year ago.

SHEEP SLAUGHTER

Federally Inspected Sheep: 37,000 head down 7.5 percent from a year ago.

BOXED BEEF

Estimated Composite Boxed Beef Cutout Values: Friday Box beef cut-out values: down $0.86 from last Friday. Choice 600-900 lbs. $237.52; Select 600-900 lbs. $212.71.

MEAT PRODUCTION

Beef: 528.7 million lbs. up 0.4 percent from a year ago.

Pork: 525.8 million lbs. up 0.2 percent from a year ago.

Lamb: 2.4 million lbs. down 11.1 percent from a year ago.

CATTLE CARCASS WEIGHTS

National Average: This week estimate: 810 lbs.; Last week estimate 808 lbs.; Last year's actual 822 lbs.

SOURCE: USDA-OKLAHOMA AGRICULTURE DEPARTMENT MARKET NEWS SERVICE