NCDA&CS Market Highlights for Wednesday February 27

DAILY MARKET HIGHLIGHTS FOR SOUTHERN FARM NETWORK

 

The following is a summary of market prices and conditions of North Carolina farm products for February 26, 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 Monday, February 25, in Canton, Siler City, and Turnersburg a total of 893 cattle, 27 goats, and 11 sheep were sold.  Compared to last week, slaughter cows were mostly 1.00 to 5.00 higher, while slaughter bulls were mostly 1.00 to 2.00 higher.  Feeder steers were mixed; heifers and bulls were mostly steady to 9.00 higher.  Demand was mostly good; market activity and buyer interest were moderate to active.  Offerings of cattle were mostly light.  Cattle quality was plain to average.  Average dressing slaughter cows brought $50-$63, with high dressing up to $75.  Average dressing slaughter bulls, 1000 lbs. & up, sold from $69-$85; with high dressing ranging $81-$95.  400-500 lbs. M&L 1-2 feeder steers ranged $129-$163, 500-600 lbs. were $137-$149.  M&L 1-2 feeder heifers, 400-500 lbs. ranged $120-$147, 500-600 lbs. were $117-$132.  M&L 1-2 feeder bulls, 400-500 lbs. were $132-$157, 500-600 lbs. ranged $129-$150.

 

Broiler-Fryers:  The North Carolina broiler-fryer market was steady, and the live supply was adequate to meet the moderate demand.  Average weights were desirable to heavy.  The estimated slaughter for Tuesday in North Carolina was 3,360,000 head compared to 3,269,000 head last Tuesday.

 

Eggs:  The market was lower on Extra Large and Large, steady on the balance.  Supplies were mostly moderate.  Retail demand was mostly moderate.  Weighted average prices for small lot sales of grade A eggs delivered to nearby retail outlets, cents per dozen: Extra Large 123.80, Large 121.04, Medium 91.00, and Small 80.00.

 

Cotton:  The strict-low middling one and one sixteenth Southeast average price is 68.77 cents per pound; the U.S. average is 66.34 cents per pound.

 

Grain:  U.S. 2 yellow shelled corn was 4 cents lower when compared to last report.  Prices ranged $4.06-$4.64 at feed mills and $3.81-$4.26 at elevators; new crop $3.90-$4.51.  U.S. 1 yellow soybeans were 8 cents lower.  Prices were $8.63-$8.93 at the processors and ranged $8.29-$8.84 at the elevators; new crop $8.40-$9.34.  U.S. 2 soft red winter wheat was 4 cents lower; prices were $3.96-$4.26 at the feed mills and $3.96 at the elevators; new crop $4.10-$4.64.  Soybean meal, f.o.b. at processing plants, was $342.30 per ton for 48% protein.

 

Feed MillsBladenboro 4.36, —–, 4.26; Candor 4.41, —–, —-; Cofield 4.11,  8.94, —-; Laurinburg 4.36, —–, 4.26; Monroe 4.46, —–, —-; Nashville 4.64, —–, —-; Roaring River 4.61, —–, —-; Rose Hill 4.36, —–, 4.26; Creswell 4.06, —–, 3.96; Statesville 4.16, —–, —-; Warsaw 4.36, —–, 4.26; Pantego #2 —-, —–, —-.

 

Elevators: Bladenboro 4.06, 8.63, 3.96; Clarkton 4.06, 8.63, 3.96; Clement —-, —–, —-; Clinton 4.06, 8.63, 3.96; Creswell 3.81, 8.39, —-; Elizabeth City 3.89, 8.84, —-; Lagrange 4.06, 8.63, 3.96; Monroe —-, 8.74, —-; Mount Olive 4.06, 8.63, 3.96; Norwood 4.06, 8.29, —-; Register —-, —–, —-; Warsaw #2 4.26, 8.43, —-; Wilson —-, 8.63, 3.96.

 

Soybean Processors: Fayetteville, 8.93; Selma, 8.63.