Missouri Weekly Cattle Auction Summary
Archived Report
1/22/2022
Total Run: 30,768
Market Notes
Compared to last week, feeders sold unevenly steady from 2.00 lower to 2.00 higher. The supply was moderate, winter weather and very cold temperatures kept some cattle at home. Demand was moderate with the 500-600 lb. cattle seeming to find the most interest. A highlight this week was three loads of steers just passing the 850 lb. mark sold at Kingsville Livestock Auction on Tuesday and sold from 160.00-160.75. The monthly cattle on feed report was released on Friday. Marketings and On Feed numbers were right in line with expectations. Placements however, came in at 6 percent above last year which was even more than the top side of pre-report estimates. Over all the report was viewed as bearish. Lack of wheat pasture in OK and TX has resulted in many lighter cattle being put on feed earlier than usual making up a lot of those placement numbers. Futures markets lost some ground last week so perhaps some of this has already been factored into the market. What affect will be had after the initial dust settles and the industry really gets to analyze the numbers is yet to be determined. Next Monday, Jan 31 the semi-annual cattle inventory report is due to be released at the end of business. Many are awaiting to see what affects are reflected from the massive drought last year on total numbers once the report comes out. Boxed beef cutout values continued to climb last week, both choice and select have closed higher every week since Christmas. Choice closed on Friday at 292.41, up 8.10 and select at 282.33, up 8.36 compared to last week. Negotiated feedlot sales as of Friday afternoon totaled about 68.5k head. Live sales were reported mostly at 137.00-138.00 a few sales late in the week did get to 140.00, dressed sales were mostly 218.00. The Missouri Stocker Formula consists of 6017 head with a weighted average weight of 556.30 lbs. and a price value of 179.90, 0.09 lower than last week.Supply included: 87% Feeder Cattle (58% Steers, 40% Heifers, 2% Bulls); 9% Slaughter Cattle (1% Steers, 0% Dairy Steers, 1% Heifers, 89% Cows, 9% Bulls); 3% Replacement Cattle (8% Stock Cows, 62% Bred Cows, 16% Bred Heifers, 12% Cow-Calf Pairs, 2% Bulls). Feeder cattle supply over 600 lbs was 53%.
LIVESTOCK SUMMARY Current Week Last Reported 1/10/2022 Last Year Total Receipts: 30,768 50,275 37,929 Feeder Cattle: 26,900(87.4%) 44,708(88.9%) 33,134(87.4%) Slaughter Cattle: 2,869(9.3%) 3,826(7.6%) 2,795(7.4%) Replacement Cattle: 999(3.2%) 1,741(3.5%) 2,000(5.3%)
Feeder Steers
| Weight | Min | Avg | Max | Approx* |
|---|---|---|---|---|
| 200-300 | $-- | |||
| 300-400 | 170 | 203 | 212 | $709 |
| 400-500 | 160 | 200 | 217 | $898 |
| 500-600 | 159 | 193 | 205 | $1,060 |
| 600-700 | $-- | |||
| 700-800 | $-- |
Feeder Heifers
| Weight | Min | Avg | Max | Approx* |
|---|---|---|---|---|
| 200-300 | 165 | 165 | 0.0000 | $413 |
| 300-400 | 150 | 175 | 181 | $614 |
| 400-500 | $-- | |||
| 500-600 | $-- | |||
| 600-700 | $-- | |||
| 700-800 | $-- |
*Approx is the middle weight of the weight group multiplied by the mid point of the high and low for the group. It's meant as a quick method to see what cattle of that weight class are bringing per head.
Cows & Bulls
| Type | Min | Avg | Max |
|---|---|---|---|
| Slaughter Bulls | $70 | $92 | $111 |