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Feeder
Cattle
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Friday, September
10, 2010
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Location
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Oklahoma City
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Dodge city
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West Plains Mo
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Volume
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3500
|
|
3002
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Change
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|
closed holiday
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-200+200
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-500+500
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||
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Steer
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Heifer
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Steer
|
Heifer
|
Steer
|
Heifer
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4 / 500 lbs
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13000-14450
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13200-14000
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12450-13750
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|||
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5 / 600 lbs
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11750-13400
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11450-12100
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11950-12900
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|||
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6/ 700 lbs
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11675-12300
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11425-11875
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11250-11900
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|||
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7 / 800 lbs
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11300-11925
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11050-11675
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10350-10800
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|||
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8/ 900 lbs
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10725-11325
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10675-11300
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10200-10350
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9 / 1,000 lbs
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10675
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10225
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CME Feeder
Cattle 7-Day Average ( 650 / 850 # Steers )
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|
Date
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7 Day Avg
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# Head
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Avg
Weight
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Dly
Weight
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Dly
# Head
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Dly
Avg
|
Corn
per Bu
|
Cost of
Gain
|
Break-Even
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|
09-08-10
|
113.49
|
22092
|
768
|
764
|
4387
|
113.20
|
4.06
|
75.25
|
99.50
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09-07-10
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113.67
|
22454
|
767
|
764
|
2694
|
111.62
|
4.06
|
75.25
|
99.75
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|
09-03-10
|
113.57
|
23432
|
764
|
775
|
7180
|
112.85
|
4.04
|
75.00
|
99.50
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|
09-02-10
|
113.85
|
27430
|
766
|
774
|
4212
|
114.28
|
3.88
|
73.25
|
98.75
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|
09-01-10
|
114.12
|
29357
|
768
|
761
|
4749
|
114.11
|
3.86
|
72.75
|
98.75
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|
08-31-10
|
114.47
|
29498
|
767
|
752
|
1774
|
111.44
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3.78
|
71.75
|
98.50
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08-30-10
|
114.72
|
30718
|
767
|
753
|
5517
|
114.16
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3.79
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72.00
|
99.00
|
|
08-27-10
|
115.04
|
29339
|
768
|
775
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11,178
|
113.80
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3.70
|
71.00
|
99.25
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|
08-26-10
|
114.69
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28862
|
769
|
778
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6139
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115.42
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3.70
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71.00
|
98.75
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08-25-10
|
114.71
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26255
|
766
|
758
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4890
|
116.26
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3.65
|
70.25
|
98.25
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|
08-24-10
|
114.34
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24493
|
768
|
752
|
2994
|
115.41
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3.65
|
70.25
|
97.75
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08-23-10
|
113.91
|
22832
|
768
|
755
|
4168
|
116.19
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3.71
|
71.00
|
97.75
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|
08-20-10
|
113.63
|
21877
|
767
|
779
|
10701
|
112.83
|
3.74
|
71.50
|
98.00
|
|
08-19-10
|
113.24
|
21033
|
768
|
767
|
3532
|
116.12
|
3.67
|
70.50
|
97.25
|
|
08-18-10
|
113.01
|
22526
|
770
|
763
|
3128
|
114.17
|
3.71
|
71.00
|
97.50
|
|
08-17-10
|
112.88
|
23746
|
771
|
729
|
1333
|
112.67
|
3.68
|
70.75
|
97.25
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|
08-16-10
|
112.91
|
24411
|
772
|
748
|
3183
|
113.46
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3.60
|
70.00
|
96.75
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|
08-13-10
|
112.81
|
24049
|
772
|
783
|
11195
|
111.95
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3.65
|
70.50
|
97.25
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08-12-10
|
112.82
|
24651
|
773
|
775
|
5025
|
114.22
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3.59
|
70.00
|
96.75
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08-11-10
|
112.68
|
23566
|
774
|
771
|
4348
|
113.09
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3.50
|
68.75
|
96.25
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Projected Weekly Slaughter
(based on placements)
|
650-670
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|
Current Estimated
Feedlot Close Outs
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84.00 / 8800
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Feeder
Cattle
|
|
Weight
|
Corn / Bu
|
Total Cost
of Gain
|
Future
Delivery
Month
|
Live
Equivalent
|
Maximum
to pay
for Break-Ok
iv
| |
|
Steers
|
825
|
3.88
|
73.05
|
101.65 g
|
99.65
|
115.71
|
|
Heifers
|
725
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3.88
|
77.41
|
101.65 g
|
99.65
|
116.52
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Comments:
with USDA lowering corn crop estimates feedlots are adjusting feeding programs and breakevens
accordingly. Farmer
feeders are watching the board and wondering if they should just sell corn and not bother with the hassel
of trying to add
value through feeders.
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ISCLAIMER: This information is not to be construed
as an offer to sell or a solicitation or an offer to buy the commodities herein named. The
factual information of this report has been obtained from sources believed to be reliable, but is not
necessarily all-inclusive and is not
guaranteed as to the accuracy, and is not to be construed as representation by our firm. The risk of
trading futures and options can be
substantial. Each investor must consider whether this is a suitable investment. Past performance isnot
indicative of future results.
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