AM_LS141 Amarillo, TX Fri Mar 27, 2020 USDA-TX-Dept of Ag Market News New Mexico Direct Feeder Cattle Report Feeder Cattle Weighted Average Report for 03/27/2020 Receipts: 6,400 Last Week: 2,100 Year Ago: 9,400 Compared to last week: No domestic steers or heifers reported. Mexican Origin steers and heifers mostly 8.00 to 20.00 higher, which was in line with local auction markets. Fed cattle traded from 115.00 to 120.50 which was mostly 8.00 to 10.00 higher than the previous week. Additionally, CME Feeder and Live Cattle contracts saw large gains early in the week on the heels of increased beef demand. Recent rains and temperatures up into the 70-80’s have rapidly improved wheat and pasture conditions in the area. Trade activity and demand were moderate to good. Supply consisted of 94 percent steers and 6 percent heifers. Near 4 percent of the offerings weighed over 600 lbs. Note: Feeder cattle prices based on net weights FOB after a 3 percent pencil shrink or equivalent. Feeder Steers Medium and Large 1-2 Head Wt Range Avg Wt Price Range Avg Price Delivery 1550 450-475 458 134.50-140.00 138.16 Current FOB Mexican 1965 550-575 556 123.92-132.00 129.76 Current FOB Mexican 935 600 600 112.00 112.00 Current FOB Mexican Feeder Steers Medium and Large 2 Head Wt Range Avg Wt Price Range Avg Price Delivery 1400 550 550 118.00-122.00 119.43 Current FOB Mexican 175 663 663 99.30 99.30 Current FOB Mexican 62 759 759 87.70 87.70 Current FOB Mexican Feeder Heifers Medium and Large 1-2 Head Wt Range Avg Wt Price Range Avg Price Delivery 360 550 550 111.75 111.75 Current FOB Mexican Source: USDA-TX Dept of Ag Market News Service Lana Hutto, Market Reporter, 806-356-5785 landrea.hutto@ams.usda.gov www.ams.usda.gov/mnreports/AM_LS141.txt 1100c tml .