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Feeder Cattle
Friday, September 10, 2010

Location
Oklahoma City
Dodge city  
West Plains Mo
Volume
                     
 
3500
 
3002
 
Change
                  
closed holiday
-200+200
 
                -500+500
 
 
Steer
Heifer
Steer
Heifer
Steer
Heifer
4 / 500 lbs
     13000-14450
 
13200-14000
 
     12450-13750
 
5 / 600 lbs
     11750-13400
 
11450-12100
 
         11950-12900
 
6/ 700 lbs
     11675-12300
 
11425-11875
 
         11250-11900
 
7 / 800 lbs
  11300-11925
 
11050-11675
 
        10350-10800
 
8/ 900 lbs
   10725-11325
 
10675-11300
 
10200-10350
 
9 / 1,000 lbs
      10675
   
     
     10225     
 

CME Feeder Cattle 7-Day Average  ( 650 / 850 # Steers )

Date
7 Day Avg

# Head
Avg
Weight
Dly
Weight
Dly
# Head
Dly
Avg
Corn
per Bu
Cost of
Gain

Break-Even
                   
09-08-10
113.49
22092
768
764
4387
113.20
4.06
75.25
99.50
09-07-10
113.67
22454
767
764
2694
111.62
4.06
75.25
99.75
09-03-10
113.57
23432
764
775
7180
112.85
4.04
75.00
99.50
09-02-10
113.85
27430
766
774
4212
114.28
3.88
73.25
98.75
09-01-10
114.12
29357
768
761
4749
114.11
3.86
72.75
98.75
08-31-10
114.47
29498
767
752
1774
111.44
3.78
71.75
98.50
08-30-10
114.72
30718
767
753
5517
114.16
3.79
72.00
99.00
08-27-10
115.04
29339
768
775
11,178
113.80
3.70
71.00
99.25
08-26-10
114.69
28862
769
778
6139
115.42
3.70
71.00
98.75
08-25-10
114.71
26255
766
758
4890
116.26
3.65
70.25
98.25
08-24-10
114.34
24493
768
752
2994
115.41
3.65
70.25
97.75
08-23-10
113.91
22832
768
755
4168
116.19
3.71
71.00
97.75
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
08-16-10
112.91
24411
772
748
3183
113.46
3.60
70.00
96.75
08-13-10
112.81
24049
772
783
11195
111.95
3.65
70.50
97.25
08-12-10
112.82
24651
773
775
5025
114.22
3.59
70.00
96.75
08-11-10
112.68
23566
774
771
4348
113.09
3.50
68.75
96.25

Projected Weekly Slaughter (based on placements)
650-670
Current Estimated Feedlot Close Outs
84.00 / 8800
                                     
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
3.88
 77.41
101.65 g
99.65
116.52

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.


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.