Markets

Livestock - Mammoth Cave

Feeder Steers-Med and Large Frame #2

300-399 lb 130.00-150.00

400-499 lb 119.00-132.75

500-599 lb 109.00-120.00

600-699 lb 90.00-100.00

700-1000 lb nq

Feeder Heifers-Med and Large Frame #2

300-399 lb 119.00-130.00

400-499 lb 108.00-120.00

500-599 lb 96.00-109.00

600-699 lb 88.00-96.00

700-1000 lb nq 

Slaughter Bulls #2

54.50-59.50

Slaughter Cows-Boning 80-85%

44.50-53.00

Stock Cows-Med to Large Frame #1

590.00-1210.00

Baby Calves

100.00-235.00

National Daily Direct Slaughter Steers and Heifers-Negotiated Purchases

Slaughter Steers-65 to 80% Choice

Av Wt 1393, Av Price 89.54

Slaughter Heifers-65 to 80% Choice

Av Wt 1257 Av Price 89.55

Holstein Heifers-Dairy Auction at Mammoth Cave, Ky

Springer's

Supreme 1150-1500 lb 1750.00-1950.00, Approved 1100-1600 lb 1050.00-1730.00

Medium 1050-1575 lb 900.00-1330.00, Common 900-1450 lb 600.00-950.00 

Open Heifers

Approved 130-200 lb 700.00-800.00, 200-350 lb 780.00-920.00, 350-475lb, 900.00-1070.00, 500-600 lb 1050.00-1210.00, 600-700 lb 1100.00-1300.00,   

Medium 150-250 lb 550.00-740.00, 250-400 lb 590.00-860.00, 400-6001b 750.00-1000.00, 600 lb 1200.00

Patton's Livestock Goat Sale-London, Ky

Kids

Sel 3   20-40 lb 30.00-35.00

Sel 3 40-60 lb 42.00-48.00 

Does

Sel 2 50-70 lb 66.00-78.00, 70-150 lb 87.00-100.00, 

Billies

Sel 2 50-70 lb 70.00-84.00,  70-150 lb 92.00-105.00

Replacements

Billies- (Boer) 87.00-155.00  

Does (Boer) 87.00-110.00 

Cash Grain: Corn #2 Y 2.14-2.27, Soybeans #1 Y 5.46-5.54, Wheat #2 SRW 3.30-3.46

New Crop  March Delivery Contract: Corn #2 Y 2.16-2.27,  Soybeans #1Y 5.48-5.49, Wheat nq

Feed Ingredient Price

Wholesale prices, $ per ton-Rail or Truck FOB Location

Soybean Meal 48% Owensboro 189.00

Soybean Hulls Owensboro 90.00

Cottonseed Meal 41% Sol Memphis 152.50

Whole Cottonseed Memphis 103.00

Gluten Feed 20-21% Memphis nq.00

Gluten Meal 60% Memphis 265.00

Information from Ky Livestock and Market Report 02/23/06

Washington Dairygrams

Cheese cash price tumbled more than 20 cents a pound over three weeks to the $1.16 area, lowest since June 2 2003. Cash price was pennies about support level and more than 20 cents below $1.40 export trigger.

CWT Program has funds to aid exports, but high world prices deterred overseas buyers. Sharp drop in culling rates offset impact of 64,000-cow CWT buyout. Expect more culling as milk prices drop this spring. Early-March meeting in D.C. focused on future needs and role of CWT.

Big jump in milk-per-cow (+4.1%) led to 5.4% more milk among top states in January. Cow numbers were 103,000 or 1.3% in those states. Nationally, January cow count was 9.07 million, up 73,000.

California was up 5.1% in January with 2% more cows. Wisconsin was up 5% in milk with 5,000 more cows (+0.4%). New York was up 4% in milk; Pennsylvania, +5.8%; Idaho, +10.3%; Minnesota, +2.7%.

Component levels up despite rise in milk, boosting yields and stocks. December fat tests averaged 3.84%. Protein levels were 3.14. SCC counts down...270,000 versus 288,000.

Class I base price for March is $12.49, down 89 cents from February and the lowest mover in two years. Will make for a 41-cent MILC payment

Dairy policy conclaves focused on federal order pricing issues, economic safety nets, CWT program future and federal immigration policy issues.

USDA projects 2006 Class III average of $12.20. But futures off sharply. At press time, April through December Class futures averaged $11.30.

CO-OPS appealing to federal order officials to decouple Class I and Class II pricing from lower Class III and Class IV values that would result from raising make allowance. Goal is to lessen impact on blend prices.

Briefly... Many House and Senate ag leaders critical of Bush 2007 budget proposals, especially 3-cent-per-hundredweight tax on all milk. Canada reported 1.05 million milk cows in January, down 2% from 2005 and 498,000 dairy heifers, down from 512,000 head in 2003. January heifer prices in the U.S. averaged $1840.00, $200 above a year ago. U.S. ag trade surplus shrank to $1 billion last year, down from $4.7 billion the year before and the smallest ag trade surplus since 1970.