NCDA&CS Market Highlights for Monday March 25

DAILY MARKET HIGHLIGHTS FOR SOUTHERN FARM NETWORK

 

The following is a summary of market prices and conditions of North Carolina farm products for March 22, 2019 reported by the Federal-State Markets News Service of the North Carolina Department of Agriculture and Consumer Services.  All livestock is state reported.

 

Cattle:  At the livestock auctions held Thursday in Smithfield a total of 483 cattle were sold.  Compared to last week, breaking type slaughter cows were too few head to establish an adequate market comparison, while boning type were 7.00 to 8.00 lower; bulls were steady to 1.00 lower on a light test.  Feeder steers and bulls were sharply lower; heifers were mostly 1.00 to 3.00 lower.  Demand was moderate; market activity and buyer interest were moderate.  Offerings of cattle were moderate.  Cattle quality was average.  Average dressing slaughter cows brought $50-$63.  Slaughter bulls, 1000 lbs. & up, average dressing ranged $74-$82.  400-500 lbs. M&L 1-2 feeder steers ranged $140-$159, 500-600 lbs. were $140-$158.  M&L 1-2 feeder heifers, 400-500 lbs. were $125-$135, 500-600 lbs. ranged $121-$136.  M&L 1-2 feeder bulls, 400-500 lbs. were $144-$156, 500-600 lbs. ranged $130-$148.

 

State Graded Cattle Sale:  At the Value Added BQA state graded feeder cattle sale in Norwood on Thursday, March 21, a total of 402 steers and 421 heifers were sold.  M&L 1 steers, 400-500 lbs. brought $175.76 per cwt.; 500-600 lbs. returned $162.59; 600-700 lbs. were $149.12.  M&L-1 heifers, 400-500 lbs. ranged $137.61, and 600-700 lbs. brought $129.98.

 

Broiler-Fryers:  The North Carolina broiler-fryer market was steady and the live supply was adequate to meet the moderate demand.  Average weights were mostly desirable.  The estimated slaughter for Friday and Saturday in North Carolina was 4,087,000 head compared to 3,137,000 head last Friday and Saturday.

 

Eggs:  The market was lower on medium, steady on the balance.  Supplies were mostly moderate.  Retail demand was moderate.  Weighted average prices for small lot sales of grade A eggs delivered to nearby retail outlets, cents per dozen: Extra Large 115.17, Large 112.42, Medium 91.86, and Small 80.00.

 

Cotton:  The strict-low middling one and one sixteenth Southeast average price is 73.33 cents per pound; the U.S. average is 71.04 cents per pound.

 

Grain:  U.S. 2 yellow shelled corn was mostly 2 cents higher when compared to last report.  Prices ranged $4.18-$4.74 at feed mills and $3.93-$4.18 at elevators; new crop $3.99-$4.55. 

U.S. 1 yellow soybeans were mostly 7 cents lower.  Prices were $8.64-$9.04 at the processors and ranged $8.49-$8.74 at the elevators; new crop $8.42-$9.23.  U.S. 2 soft red winter wheat was mostly 2 cents higher; prices were $4.13-$4.38 at the feed mills and $4.08 at the elevators; new crop $4.19-$4.67.  Soybean meal, f.o.b. at processing plants, was $350.00 per ton for 48% protein.

 

Feed Mills:  Bladenboro 4.48, —–, 4.38; Candor —-, —–, —-; Cofield 4.20,  8.89, —-; Laurinburg 4.48, —–, 4.38; Monroe 4.48, —–, —-; Nashville 4.74, —–, —-; Roaring River 4.53, —–, —-; Rose Hill 4.48, —–, 4.38; Creswell 4.18, —–, 4.13; Statesville 4.28,

—–, —-; Warsaw 4.48, —–, 4.38; Pantego #2 —-, —–, —-.

 

Elevators:  Bladenboro 4.18, 8.63, 4.08; Clarkton 4.01, 8.49, 4.08; Clement —-, —–, —-; Clinton 4.18, 8.63,  4.08; Creswell 3.98,  8.53, —-; Elizabeth City 3.93,  8.74, —-; Lagrange 4.18,  8.63, 4.08; Monroe —-,  8.74, —-; Mount Olive 4.18,  8.63, 4.08; Norwood —, —–, —-; Register —-, —–, —-; Warsaw #2 —-, —–, —-; Wilson —-,  8.49, 4.08.

 

Soybean Processors:  Fayetteville, 9.04; Selma, 8.64.