5. Omaha Corn Prices
Weekly
$ per bu
9
8
7
6
5
4
3
2
1
0
2013
2012
2011
Avg. 2006010
Avg. 200206
JAN
Livestock Marketing Information Center
Data Source: USDA-AMS
OCT
G-P-02
9. Government Shutdown
• Cash market not reported by USDA-AMS
• CME Feeder Cattle Index (avg. of AMS prices)
– used to settle feeder cattle futures
– used to settle LRP contracts
– the last reported Index was record high $159.89 on
Sep. 30
• LRP insurance (USDA-RMA) not available and
existing contracts not settled
• No Oct. COF (USDA-NASS) report (rescheduled
Oct. 31)
10. Calf and Feeder Cattle Prices
• Under 600 lb. - very good demand supported by winter wheat grazing
10/17/13 – Valentine, NE
243 head, fancy, 493 lb. @ $220.25
100 head, fancy, 553 lb. @ $198.75
•
600 – 700 lb. - weaker demand – especially unweaned
•
Over 700 lb. - very good demand supported by record corn crop, farmer
feeder, and excess feedlot capacity
10/17/13 – Green City, MO
318 head, 800-850 lb. @ $170.76 avg.
•
Heifers - steep season discounts with light receipts but premiums for
replacement quality
Nebraska- Replacement Quality
500-550 @ $199.49
700-750 @ $175.50