Volume 45, Number 9
March 4, 2011
EPA Is Extending The Reporting Deadline For Reporting Greenhouse Gas (GHG) Emissions, which had
been set for March 31. A new deadline has not been announced but is unlikely to be sooner than late summer
or early fall. Cattle operations with 29,300 or more head will be required to assess the level of GHG emissions
from manure management systems and report emissions to EPA if they reach or exceed 25,000 tons per year.
For more information, go to www.tcfa.org/Newsletter/epa_extension.html.
"It's good news for cattle feeders to have this reporting requirement postponed for some period of time,"
said TCFA Vice President Ben Weinheimer. "An extension in the reporting deadline is just one more indication
that EPA and the Obama Administration have the cart before the horse and are moving too fast on reporting
and regulation of greenhouse gas emissions." TCFA staff has developed calculation tools that will allow
feedyards to submit the reports to EPA when the time comes, and we will keep feedyards informed on any new
deadlines set by EPA.
A New Government Report Says The Ethanol Tax Credit "Is Largely Unneeded Today To Ensure
Demand For Domestic Ethanol Production" because of the requirements of the Renewable Fuel Standard
(RFS). The Government Accountability Office (GAO) says the 45¢-per-gal. ethanol tax credit and the RFS "can
be duplicative in stimulating domestic production and use of ethanol and can result in substantial loss of
revenue" to the U.S. Treasury. If allowed to continue unchanged, the tax credit could result in lost revenues
that will grow from $5.4 billion in 2010 to $6.75 billion in 2015, the year the RFS requires 15 billion gals. of
conventional biofuels, according to GAO.
The RFS "is now at a level high enough to ensure that a market for domestic ethanol production exists in
the absence of the ethanol tax credit and may soon itself be at a level beyond what can be consumed by the
nation's existing vehicle infrastructure," the report says.
GAO says options for Congress include:
 Maintaining the tax credit at current levels
 Allowing the tax credit to expire at the end of 2011
 Reducing the tax credit as Congress did in the 2008 Farm Bill when the credit was cut from 51¢-pergal. to 45¢-per-gal.
 Phasing out the tax credit over a number of years
 Modifying the tax credit "to counteract fluctuations in other commodities that can influence ethanol
production, such as changes in crude oil prices." As an example, the GAO said the tax credit could
increase when crude oil prices are low and decrease when crude oil prices are high.
The GAO functions as the investigative arm of Congress. The analysis of ethanol subsidies was included in
the first annual report GAO has issued since Congress requested GAO to investigate duplication in federal
government programs and agencies.
Meanwhile, A Wall Street Journal Article Indicates Ag Secretary Tom Vilsack Acknowledges The Need
To Rethink Ethanol Policy. In an interview with the Journal, Vilsack said, "I think there needs to be a
discussion about what kind of support needs funding. I think we could probably be a bit more creative in how
we use this incentive...Maybe we no longer need quite the level of support for blenders." However, he is not
ready to scrap the tax credit immediately. Vilsack said, "My concern about the tax credit is that we create a cliff
rather than a glide path off of that tax credit." The ag secretary also suggested a "third way, a better way" in
which the tax credit and tariff could be phased out over time and replaced with "incentives (that) are time
limited" for flex-fueled vehicles and the special pumps retailers need to install to sell higher ethanol-gasoline
concentrations like E85.
TCFA continues to push for elimination of all federal ethanol subsidies. Ethanol production has long been a
mature industry and should no longer require federal supports such as the tax credit, the import tariff and the
RFS. The government's ethanol subsidies are major contributors to the alarming increase in feedgrain prices. It
is unfair for the government to enact policies that not only drive up the cost of corn but also give ethanol
producers the advantage of using subsidies as they compete with cattle feeders to purchase corn. TCFA is
hopeful that the GAO report and Vilsack's exchange with the Journal as well as sentiments expressed by a
growing number of congress members suggest that Washington, D.C. is coming around to the need to address
the destructive effects of our government's ethanol policies.
Two Bills Pertaining To Groundwater Ownership Were Considered By The Senate Natural Resources
Committee this week. SB 332, sponsored by Sen. Troy Fraser (R-Horseshoe Bay), would codify current
statute and more than a century of case law by clarifying that a landowner has an ownership interest in the
water beneath his property, although the pumping and usage of that water is subject to reasonable regulation
by a groundwater district. In contrast, SB 667, sponsored by Sen. Robert Duncan (R-Lubbock), states that a
landowner has a right to seek and capture groundwater beneath his property but does not own the water until it
is at the surface. TCFA supports SB 332 and opposes SB 667. TCFA Legislative and Regulatory Committee
member Jason Peeler attended the hearing and testified in support of SB 332 . A copy of Peeler's written
testimony is available at http://www.tcfa.org/Newsletter/peeler_testimony_2011-03-04.pdf. You can watch the
entire hearing by going to http://www.senate.state.tx.us/75r/senate/commit/c580/c580.htm and clicking on the
links for the March 1, 2011, hearing.
Allies On Capitol Hill: TCFA and NCBA commend U.S. Sen. James Inhofe (R-Okla.), ranking member of the
Environment and Public Works Committee, and U.S. Rep. Fred Upton (R-Mich.), chairman of the Committee
on Energy and Commerce, for introducing the Energy Tax Prevention Act of 2011 (S 482 / HR 910). The
legislation would strip EPA's authority to regulate greenhouse gases under the Clean Air Act. According to
NCBA Chief Environmental Counsel Tamara Thies, the legislation would protect rural America from EPA's
"vast overreach" into the regulation of greenhouse gases. "When EPA issued these regulations, its actions
were based on activist agendas instead of sound science. It is business as usual for EPA," said Thies. "This
legislation will serve as a reality check for the EPA by reminding the agency that it is not the legislative arm of
our federal government. We have to protect jobs and our economy by using common sense and peer-reviewed
science." U.S. Senators Kay Bailey Hutchison (R-Texas), John Cornyn (R-Texas) and Tom Coburn (R-Okla.)
and U.S. Reps. Joe Barton (R-Texas), John Sullivan (R-Okla.) and Dan Boren (D-Okla.) have also signed on
as original co-sponsors of the legislation.
TCFA also commends U.S. Rep. Ted Poe (R-Texas) for the column he wrote for humanevents.com in
which he explains the absurdity of EPA's rules for regulating agricultural dust. In the column, Rep. Poe writes,
"Just when you think you have heard it all, bureaucrats in Washington, D.C., come up with some hair-brained
idea that leaves you scratching your head in wonderment. The Environmental Protection Agency has
apparently run out of things to regulate and tax, so it has come up with new guidelines for regulating
'particulate matter emissions' — more commonly known to you and me as 'dust.' This type of federal meddling
is exactly what causes businesses to cut back, lay off workers, and in many cases, fail. These types of
nonsensical, expensive regulations will finally shut the barn door on the American farmer for good. I
understand that dust may seem like a serious threat to someone who has never been outside of the EPA's
marble Potomac palace. But let's use some logic. Farmers and ranchers are the best environmentalists our
country has to offer. No one respects the land and animals more than those who actually live on it and depend
on it for a living. Instead of burying us in ridiculous regulations that do nothing to improve the quality of life or
the environment, the government should look for incentives to encourage farmers to produce more, not less.
We don't need an EPA-inflicted Dust Bowl to devastate the American heartland." The entire column can be
read at http://www.humanevents.com/article.php?id=42067.
A Lawsuit Against EPA's Recent Approval of E15 Has Been Filed By Four Industry Groups including the
Alliance of Automobile Manufacturers, the Association of Global Automakers, the National Marine
Manufacturers Association and the Outdoor Power Equipment Institute. The Food & Fiber Letter said the court
petition filed in the U.S. Court of Appeals for the District of Columbia does not detail reasons for the suit. But
the four groups have previously opposed the approval of E15 based on the argument that EPA had not
conducted sufficient testing to determine how higher ethanol content in gasoline would affect vehicle engines
and components.
The Trucking Dispute Between The U.S. And Mexico Appears To Be Ending. In a news conference
Thursday, President Obama and his Mexican counterpart Felipe Calderon announced plans to eliminate a
nearly 20-year ban on Mexican trucks crossing the U.S. border. According to various media accounts, the
agreement calls for a phased program under which Mexican trucks must meet U.S. safety standards. In
exchange, Mexico will suspend its retaliatory tariffs on American products - with half of the tariffs being
scrapped immediately and the remainder going away once cross border trucking actually begins.
TCFA welcomes this apparent end to the standoff. Mexico is the number one destination for U.S. beef
exports. Although U.S. beef is not currently subject to Mexico's punitive tariffs, there has always been the
concern that it could be added to the list if an agreement was not reached.
U.S. Trade Representative (USTR) Ron Kirk Met With Texas Agricultural Producers And Trade
Associations During A Roundtable Discussion Hosted By Texas Agriculture Commissioner Todd
Staples last week. The event provided an opportunity to exchange ideas about our nation's trade policies.
Continued support for the U.S./South Korea Free Trade Agreement and the need for resolution of the trucking
dispute with Mexico were among the key topics discussed. TCFA Government Relations Director Josh
Winegarner thanked Kirk for USTR's efforts to expand access for U.S. beef in foreign markets, and also shared
TCFA's belief that the U.S. must lead by example on trade agreement compliance, including implementing a
program for Mexican trucks and repealing mandatory country-of-origin labeling. TCFA also thanks
Commissioner Staples and TDA for organizing the event and continuing to promote Texas beef across the
globe.
"Food Safety Is Something We Need To Tackle Together," Dr. Elisabeth Hagen said at the Beef Industry
Safety Summit in Dallas this week. Hagen, USDA's under secretary for food safety, said "science, data and
research are the best tools we have to protect consumers," and asked for the industry's help and commitment
in making that happen .
The three-day summit, which ended today (Friday) drew more than 240 food safety experts and beef
industry leaders to discuss research and develop plans for improving beef safety and addressing safety
challenges, such as E. coli, that threaten public health.
New guidance practices for sampling, lotting and testing beef products were released at the summit, which
is hosted by the Beef Industry Food Safety Council (BIFSCo). The new "Guidance Document for Sampling and
Lotting of Beef Products and Sample Analysis for Pathogens" will assist beef processing companies in
implementing proven pathogen-testing programs as part of a multiple-hurdle food safety system aimed at
advancing beef safety.
"Our number one goal is to eliminate pathogens from the beef supply by placing multiple hurdles along the
beef production chain. Product testing is a way to validate that the multiple hurdles are working to reduce the
incidence of potential pathogens in the food supply," said James O. Reagan, Ph.D., chairman of BIFSCo and
senior vice president of research, education and innovation for the National Cattlemen's Beef Association, a
contractor to the Beef Checkoff Program. "This new guidance document brings together the industry's best
knowledge coupled with years of experience in developing efficient and accurate sampling, lotting and
pathogen analysis systems. Effective and accurate sampling, lotting and testing schemes are essential in
establishing sound food safety programs for the beef industry."
The new guidelines plainly explain the proper procedures and methods that should be used to sample, lot
and analyze different types of beef products, such as whole muscle cuts, trimmings destined for ground beef
production, as well as frozen ground beef . While the guidelines are voluntary, they simplify the process for
companies that are revising their current sampling programs or creating new ones. They also identify the
expectations and issues that should be considered when developing a program for pathogen testing.
"The new guidance document is a great resource that provides step by step procedures for sampling, lotting
and analyzing beef and beef products for the presence of pathogens," said Dr. Hagen. "This is an important
step forward in our collective efforts to ensure consistent results in the industry's food safety programs."
The industry's "best practices," developed through BIFSCo, serve as a roadmap for implementing the most
current safety knowledge to optimize safety programs and are available online, free of charge, to beef
processors, packers, grinders and others involved in advancing beef safety at http://bifsco.org/.
"This new initiative is another way of driving home our commitment to providing the safest beef products
possible to our domestic and global beef consumers," said Chad Martin, senior director of food safety and
quality assurance with Tyson Foods. "The Beef Industry Food Safety Council unites the industry around the
common goal of improving beef safety."
This year's summit also included sessions on non-intact beef products, system validation and recently
completed research projects. BIFSCo is funded in part by the Beef Checkoff. More than 29 million dollars have
been invested in beef safety through the Checkoff since 1993.
TCFA Members Roger Clift and Dr. Tony Bryant, along with TCFA CEO Ross Wilson, attended the
conference.
"The Extremes To Which The Humane Society Of The United States (HSUS) Will Go To Advance Its
Agenda And Deceive People" is detailed in a Feedstuffs article that examines a recent video the animal
rights organization produced to attack Smithfield Foods. When it was released in December, HSUS claimed
the video offered evidence that Smithfield was failing to honor commitments made in 2007 to convert its sow
gestation housing from crates to group pens. Smithfield officials told Feedstuffs that the video was shot by an
undercover operative who knew the effort to switch to group pens was actually underway because his job at
Smithfield involved performing demolition work related to the conversion. When Smithfield was notified by
HSUS of its plans to release the video, the company informed HSUS that not only was the conversion in
progress; it was on track to meet the 2017 completion goal. Nevertheless, HSUS put out the video and made
the allegation that Smithfield was reneging on its promises. In gaining employment with Smithfield, Feedstuffs
reports the operative signed documents that he was not a member of nor recruited by an activist group to work
at the company and also pledged to not take photographs or video of company operations. The bogus
employee also failed to honor a signed vow to immediately report any violation of Smithfield's animal care
policies.
Meanwhile, HSUS Has Suffered A Setback In Oregon where a bill to ban "horse tripping" at rodeos has
apparently failed due to a lack of support for the legislation. Brownfield reports horse advocates say the
practice, which involves roping horses by the legs to make them fall, has been voluntarily banned by several
organizations and is no longer allowed in any Oregon rodeo events. Dave Duquette, president and CEO of
United Horsemen, said the bill was misleading and "nothing more than a first step by HSUS to ban all roping of
all animals" in Oregon. Duquette emphasized the need to remain vigilant against other HSUS-backed
legislation.
The High Plains Water District Has Scheduled A Series Of Public Meetings To Receive Comments
About Proposed Rule Amendments. The amendments pertain to plans for implementing a "50/50"
groundwater management goal for water pumped within the district's 16-county service area. Meetings are
scheduled for:
 March 23: 9 a.m.-Noon, Hereford ISD Banquet Room, 601 N. 25 Mile Avenue, Hereford.
 March 23: 3-6 p.m., Robert Dysart Room, Lamb County Rural Electric Cooperative, 2415 S. Phelps,
Littlefield.
 March 24: 9 a.m.-Noon, Dimmitt Middle School Auditorium, 1505 Western Circle, Dimmitt.
 March 24: 3-6 p.m., Plains Cotton Cooperative Association Board Room, 3301 E. 50th, Lubbock.
(Entrance at southwest side of building).
 March 25: 9 a.m.-Noon, Plainview Country Club and Conference Center, 2902 W 4th, Plainview.
Written comments can be submitted to the High plains Water District office at 2930 Avenue Q, Lubbock,
Texas 79411-2499.
Copies of the proposed rule amendments are available by contacting the High Plains Water District office at
(806) 762-0181. They are also available here:
http://www.tcfa.org/Newsletter/proposed_rule_ammendments_2011-03-04.pdf. For more information, go to
http://www.hpwd.com/news/story.asp?qsNewsID=220.
Fever Ticks Will Be The Subject Of Public Meetings Next Week In Several South Texas Cities. USDAAPHIS is hosting the sessions to gather information to aid the agency as it prepares an environmental impact
statement on a proposed tick control barrier. The barrier would use high game fencing to keep cattle fever ticks
and southern cattle ticks out of tick-free areas beyond the permanent quarantine zone. The meeting dates,
locations and times can be found at http://www.tcfa.org/email/2011_aphis_fever_tick_2010-0100.pdf . If you
wish to comment on the proposal but are unable to attend one of these meetings, written comments will be
considered if submitted before March 17.
TCFA Dues Rebates Available. If you fed 10,000 head or more in 2010, you may apply for a dues rebate.
The rebate applies to the cumulative number of cattle fed by a single feeding entity. Rebate applications must
be completed and returned to the TCFA office by April 15, 2011. To receive the dues rebate criteria and
request an application, call TCFA at (806) 358-3681 or contact Kaci Barclay at [email protected].
The 2011 Fed Beef Challenge is just around the corner. April 13 will be the big day at Amarillo Livestock
Auction where TCFA member feedyards will send pens of steers and heifers to compete on a carcass
performance basis for prize money and bragging rights. Also, a live evaluation contest will give feedyard
employees a chance to win a custom-made saddle, college students will have a chance to win valuable
scholarships, and everyone has a chance to show their cattle knowledge. For more information, contact Jason
Slane, [email protected], or Kaci Barclay, [email protected], or call (806) 358-3681.
Net Spending On Groceries Has Risen For The First Time In Three Years, And Meat Appears To Be
Taking Less Of A Hit From The Economy, according to the sixth annual rendition of "The Power of Meat"
study. An American Meat Institute news release said the study showed the share of shoppers who have made
changes to their meat and poultry purchases as a result of the economy declined for the second year in a row,
down from 51% in 2009 to 36% today. The study also showed more shoppers have become dedicated bargain
hunters with a full three-quarters reporting they research meat deals before choosing what to purchase. There
has also been a rise in heat-and-eat meals while consumption of fresh meat remained flat. The report's
findings were based on a national online poll of 1,201 consumers conducted in November 2010.
March 4, 2011
AVERAGE PRICE
SALES
Heifers
$112.64
$110.32
+ $ 2.32
Cash
Formula
Total
GRAIN SALES
North Plains
Price
Corn $13.33 – 13.42
Milo
No Test
Basis
+10¢ to +15¢
No Test
South Plains
Corn $13.87 – 13.98
Milo $12.76 – 12.83
+40¢ to +46¢
-22¢ to -18¢
Corn
Milo
Sales
Shipments
Million Bushels
42.5
24.1
1.8
0.1
Practical Top Price,
$/cwt.
Cash prices per cwt. f.o.b. elevator:
Basis – CBOT March Futures,
Thursday close
115.00
110.00
105.00
100.00
95.00
90.00
85.00
80.00
75.00
Year Ago
Steers
57,365
Total
42,226
50,010
92,236
Heifers
22,278
Last Week**
Heifers
7,238
9,420
16,658
Steers
17,581
47,127
64,708
Total
79,643
Total
24,819
56,547
81,366
* Preliminary
**Final
TCFA Area Sales
Steers
15,312
10,437
1,539
967
1150-1200
1150-1225
1150-1250
1150-1200
Lbs.
Lbs.
Lbs.
Lbs.
55-65%
55-65%
55-65%
Grid
Choice
Choice
Choice
113.00
112.00
CTF*
178.00
Holsteins
108
1300-1400
Lbs.
60-75%
Choice
105.00
Heifers
7,742
4,383
818
166
409
345
1100-1175
Lbs.
55-65%
1050-1150
Lbs.
55-65%
1050-1100
Lbs.
55-65%
1050-1100
Lbs.
Grid
1050-1100
Lbs.
Grid
1050-1100
Lbs.
Grid
*Convert to Formula
Choice
Choice
Choice
113.00
112.00
CTF*
179.00
178.00
176.50
TCFA LIVE
CATTLE BASIS
(CASH MINUS
FUTURES)
One of Mark Twain's more famous
quotes was, "The reports of my death
have been greatly exaggerated."
The same thing could be said for the
current cash market. Volume for the
week in the TCFA trade area was
40,226 head at an average steer
price of $112.59, with 61% traded at
a historical high of $113. That is the
largest weekly cash trade volume
since May 8, 2009 when cash sales
for the week totaled 57,087 head.
The TCFA average steer price that
week was $84. During the three-year
span of 2008 through 2010, there
were 11 weeks when the TCFA
weekly cash volume exceeded
40,000 head, and all of those weeks
were confined to the seasonal time
window of March through June. It is
also important to note that the timing
of the seasonal spike in TCFA cash
volume is when TCFA price spread to
other regional markets is at the low
ebb.
U.S. Exports
This Week*
Steers Heifers
28,363 13,863
39,681 10,329
68,044 24,192
LIVE
Spot
Apr 11
Jun 11
Aug 11
Oct 11
Dec 11
Feb 12
03/04/11
-1.46
-1.46
-2.46
-4.46
-7.56
-7.88
-8.18
Wkly Chg
-0.44
1.64
2.39
2.06
1.84
1.37
0.59
02/25/11
-1.02
-3.10
-4.85
-6.52
-9.40
-9.25
-8.77
03/01/10
-0.95
-0.95
0.43
1.80
-0.80
-2.45
-4.20
5-Yr Avg
-0.54
-0.45
2.13
0.95
-0.87
-4.03
-5.32
TCFA FEEDER
CATTLE BASIS
(CASH MINUS
FUTURES)
Steers
This Week* $112.59
Last Week** $110.89
Net Change + $ 1.70
FEEDER
Spot
Mar 11
Apr. 11
May 11
Aug 11
Sep 11
Oct 11
Nov 11
02/25/11
-2.33
-2.33
-4.13
-4.93
-5.08
-4.61
-4.31
-3.81
Wkly Chg
1.55
1.55
1.13
1.13
1.53
1.20
1.10
1.50
02/18/11
-3.88
-3.88
-5.26
-6.06
-6.61
-5.81
-5.41
-5.31
02/26/10
-1.47
-1.47
-2.92
-3.87
-5.67
-5.19
-5.12
-4.42
5-Yr Avg
-2.46
-2.46
-3.90
-5.64
-7.39
-7.09
-5.73
-6.40
CARCASS CUTOUT
Ch. 1-3
Se. 1-3
600-900
600-900
172.88
172.38
172.88
172.62
172.41
171.31
171.40
171.39
170.06
170.42
Date
Thurs.
03/03
Wed.
03/02
Tues.
03/01
Mon.
02/28
Fri.
02/25
Fab
Loads
185
212
148
131
168
Trmgs
Loads
81
92
62
60
56
Total
Loads
266
304
210
191
224
CHOICE FED CATTLE, HIGH PLAINS
2011
2010
2009
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
March 4, 2011
MEAT PRODUCTION
Cattle
Hogs
Slaughter (head)
03/05/11
02/26/11
643,000
652,000
2,140,000
2,108,000
Cattle
Hogs
03/06/10
621,000
2,162,000
Average Weights
Last Week
02/26/11
Live
Dressed
1294
780
277
208
This Week
03/05/11
Live
Dressed
1291
778
278
208
Live, $/cwt.
Carcass Price Index
Retail, $/lb.
Beef
Total Meat
Production (million lbs.)
03/05/11 02/26/11 03/06/10 Total F.I. Meat Production for the
498.3
506.6
474.0 week ending March 05, 2011,
948.5
949.9
919.6 is 0.1% below last week and
3.1% above a year ago.
Year Ago
03/06/10
Live
Dressed
1281
767
272
203
Live Carcass – Retail Prices
This Week
Last Week
03/04/11
02/25/11
112.59
110.89
162.27
159.37
4.10
4.19
Month Ago
02/04/11
107.00
156.63
3.77
Average live weight of cattle
slaughtered in Panhandle
area plants last week was
1238 lbs. (38% heifers), compared
with the previous week of
1243 lbs. (40% heifers), and a year
ago of 1220 lbs. (40% heifers).
Year Ago
03/05/10
92.01
136.58
3.56
Estimated Hide and Offal Value
from an average 1,000-lb.
slaughter steer this week was
$13.00 per cwt. live weight,
compared to $12.93 last week and
$9.81 last year.
WEEKLY BEEF EXPORTS (Metric Tons)
02/24/11
16,400
14,000
Weekly Exports
Weekly Net Sales
02/17/11
14,200
23,100
02/25/10
6,189
5,200
FUTURES
Live Cattle
Mon.
Tues.
Wed.
Thurs.
Fri.
High
114.55
---------------------------------
February
Low
110.25
---------------------------------
Close
110.25
---------------------------------
High
115.15
113.35
113.25
115.20
115.20
April
Low
112.40
111.35
111.03
112.73
113.90
Close
112.90
111.40
112.20
114.20
114.05
High
116.70
115.10
114.85
115.95
115.85
June
Low
114.10
113.20
112.70
114.05
114.63
Close
114.65
113.60
114.18
115.15
115.05
High
118.78
117.10
117.05
117.83
117.78
August
Low
116.38
115.58
115.25
116.60
116.65
Close
116.90
115.98
116.65
117.38
117.05
Weekly
114.55
110.25
110.25
115.95
112.40
114.05
117.83
114.10
115.05
120.80
116.38
117.05
Feeder Cattle
Mon.
Tues.
Wed.
Thurs.
Fri.
High
131.90
130.35
130.13
130.75
130.83
March
Low
129.23
128.13
128.00
129.15
129.15
Close
130.08
128.90
129.38
129.98
129.95
High
133.50
132.10
132.03
132.90
132.78
April
Low
130.73
129.98
129.88
131.15
131.20
Close
131.78
130.63
131.40
132.08
131.83
High
134.45
132.88
133.03
133.93
133.85
May
Low
131.53
130.73
130.78
132.25
132.35
Close
132.63
131.43
132.53
133.20
133.38
High
134.80
133.40
133.88
134.95
134.93
August
Low
131.83
131.30
131.65
133.20
133.50
Close
133.10
132.20
133.53
134.40
134.73
Weekly
131.90
128.00
129.95
133.50
129.88
131.83
134.45
130.73
133.38
134.95
131.30
134.73
AUCTION REPORT
Volume-Feeder Steers
Med. 1 3/4
4/5
5/6
6/7
7/8
Med. 1 & 2 3/4
4/5
5/6
Feeder Heifers:
Med. 1 3/4
4/5
5/6
6/7
7/8
Med. 1 &2 3/4
4/5
Amarillo
1,521
Okla. City
13,599
San Angelo
1,942
Tulia
2,946
159.50-165.00
144.00-153.00
143.00-154.00
126.00-136.00
127.00-129.00
------------------140.00
126.00-135.00
171.00-175.00
159.00-169.50
145.00-167.00
125.00-153.00
123.10-133.00
160.00-169.50
145.00-155.50
131.00-161.00
175.00-180.00
166.00-172.00
152.50-156.00
141.00-148.00
125.00-139.00
160.00-165.00
151.00-163.00
139.00-150.00
167.00-172.00
144.00-168.50
136.75-154.00
131.00-136.00
125.50-131.75
------------------151.00
128.50
144.00-153.00
128.00-143.00
120.00-130.00
114.50-124.00
116.25-120.50
128.00-134.00
126.00-134.00
139.00-150.50
124.00-144.50
122.00-140.25
117.50-136.00
110.00-125.50
134.00
134.00-141.50
153.00-160.00
137.00-145.00
127.00-140.00
------------------------------------137.00-150.00
123.00-134.00
140.00-146.00
136.00-143.50
134.00-135.50
118.50-122.00
115.50-122.00
138.00-145.00
133.50-139.00
Amarillo
Feeder cattle steady to
$1 higher. Feeder heifers
mostly steady with
600-700 lbs. trading
$2 - $3 higher.
Oklahoma City
Feeder cattle $2 - $4 lower,
except heifers over 800 lbs.
steady with last week.
San Angelo
Feeder cattle sold $2 - $4
higher compared to last
week.
Tulia
Feeder cattle steady to
$1 higher compared to last
week.