Daily Market Summary for Monday, March 19th:
Updated daily Monday thru Friday around 4:00 PM CST

TCR's Weekly Current & Projected Feedyard Closeout

Slaughter Cattle: Monday trading has been at a standstill in all major feeding regions. Last week live cash trades were at 127.00 in the Southern Plains. For the prior week in Nebraska live cash trades were from 128.00-129.00 and dressed trades were at 205.00. For the previous week in Colorado live cash trades were mostly at 128.50. In the Western Cornbelt last week live cash trades ranged from 128.00-131.00 and dressed cash trades ranged from 205.00-207.00.

Negotiated Sales: Confirmed: 152   Week Ago: 243   Year Ago: 747

Formula Purchases: Net - Dressed
Head count priced today: 36,700
Weighted avg weight:       851.00
Weighted avg net price:   201.57

Alberta Beef Producers Daily Report: Alberta direct cattle sales last week saw light trade develop with weighted average steer and heifer prices closing the week at 165.25 and 164.25 respectively. Prices are steady to 0.50 higher than the previous week. Both local and US buying interest was supportive. This is the first time since October fed prices have been below year ago levels. Looking at the non-fed market butcher cows traded fully steady through commercial action facilities.

Livestock Slaughter under Federal Inspection:
                              Cattle      Calves   Hogs        Sheep
Monday  (est          118,000    2,000     462,000     9,000
Week ago (est)      113,000    2,000     460,000     9,000
Year ago (act)        116,000    2,000     441,000    10,000

Boxed Beef: Boxed beef cutout values weak on Choice and firm on Select on light to moderate demand and offerings. Select and Choice rib, chuck, and round cuts steady to weak while loin cuts steady to firm. Beef trimmings sharply higher on good demand and moderate offerings.

Cutout Values...            Choice        Select
Current Cutout Values:    224.87         217.29
Change from prior day:      -0.72           +0.43
Choice/Select spread:         7.58

Futures Summary: Live cattle futures were mostly $1 to $1.60 lower on Monday. Feeder cattle futures were down $1.225 to $2.00 on the day. The CME feeder cattle index was down 98 cents on March 16 at $141.73. Wholesale boxed beef values were mixed on Monday afternoon. Choice boxes were down 72 cents at $224.87, with Select boxes 43 cents higher at $217.29. Estimated FI cattle slaughter was 118,000 head on Monday, 5,000 above last week and 2,000 head above the same week in 2017.

April Live Cattle Futures: 120.22...-1.03

June Live Cattle Futures: 110.15...-1.60

August Live Cattle Futures: 107.70...-1.42

March Feeder Cattle Futures: 138.45...-1.52

April Feeder Cattle Futures: 138.20...-2.00

May Feeder Cattle Futures: 139.02...-1.93

CME Feeder Cattle Index: 141.73...-0.98

April Lean Hog Futures: 63.15...-2.30

National Grain Market Summary: Compared to yesterday, cash bids for wheat, corn, soybeans, and sorghum were lower.  Sharp losses in the financial markets spilled over into all other markets today.  Reports that China only booked 3 U.S. soybean cargoes last week compared to 35 from Brazil were also negative.  Brazil's corn crop should be off to a good start and soil moisture conditions in the U.S. Corn Belt are mostly favorable as spring planting nears.  Like corn, soybeans' bearish risk is coming from excessive optimism among speculators.  It seems fair to say that the U.S. winter wheat crop will be lower in early 2018, but Monday's sell-off did serious
damage to wheat prices' upward momentum and turned the trend lower.

Kansas City Corn: 3.57...-0.08

Kansas City Soybeans: 9.80...-0.27

Kansas City Wheat: 4.61...-0.29

May Corn Futures: 3.7500...-0.0775

May Soybean Futures: 10.2250...-0.2700

May Wheat Futures: 4.5075...-0.1700

Nearby Crude Oil Futures Contract: 62.06...-0.28

Dow Jones Industrial Average: 24,610.91...-335.60

NASDAQ: 7,344.24...-137.50

U.S. Dollar Index: 89.87...-0.34

Monday Mid-Session Reports...
"Click" on individual auction links for complete report

Oklahoma National Stockyards - Oklahoma City OK...
Receipts           Week Ago             Year Ago
  6,800                 9,169                   6,545
*** Mid Session ***  Compared to last week:  Feeder steers 3.00-6.00 lower.  Feeder heifers lightly tested and 3.00-4.00 lower.  Demand light to moderate for feeder cattle.   Stocker cattle and calves 4.00-10.00 lower.

Joplin Regional Stockyards Feeder Cattle Auction - Carthage MO...
Receipts           Week Ago             Year Ago
  7,000                 7,888                     6,574
***OPENING***  Compared to last week, steer and heifer calves 3.00 to 6.00 lower, except heifer calves under 500 lbs steady, yearlings not well tested early, undertone lower.  Demand and supply moderate.

Friday/Saturday Auction Reports...
"Click" on individual auction links for complete report

Torrington Livestock Commission - Torrington WY...
Receipts: 741            Week Ago: 372          Year Ago: 562
Compared to last Friday slaughter and feeding cows traded 3.00-5.00 lower, slaughter bulls steady to 5.00 lower.  Slaughter and feeder cows consisted of 50 percent of the sale with 10 percent slaughter bulls.

Apache Wtd Avg Cattle (Fri) - Apache OK...
Receipts:  2088    Last Week:  2793    Year Ago:  1304
Compared to last week:  Feeder steers steady to 6.00 lower, feeder heifers 2.00-4.00 lower.  Steer and heifer calves 3.00-7.00 lower.  Quality good to attractive with fair demand.

Lexington Livestock Market - Lexington, NE...
Receipts:  3350    Last Week:  2775    Year Ago:  0
Compared to last week steers and heifers sold mostly steady on the comparable offerings. Demand was good from the buyers in the crowd with internet activity noticed. The calf and feeder supply included 61 percent steers and 39 percent heifers with near 77 percent of the run weighing over 600 lbs.

Smith County Commission - Carthage TN...
Receipts:  1407          Last week: 1403             Last year: 913 
Compared to same sale last week, Slaughter cows 1.00 to 2.00 lower. Bulls 3.00 lower. Steers 3.00 to 8.00 lower. Bulls 7.00 to 10.00 lower. Heifers 3.00 to 9.00 lower.

Farmers Livestock Auction - Springdale AR...
Receipts:  604          Last week:  892               Last year:  619
Compared to last week: Feeders steady to 11.00 lower mostly 2.00-6.00 lower. Slaughter cows 2.00-4.00 lower. Slaughter bulls 2.00-5.00 lower. Supply included about 410 feeder calves, 63 feeder yearlings,

Bowling Green Livestock Auction - Bowling Green MO...
Receipts:  1317    Week ago:  2761    Year ago:  985
Friday's sale was a Special Bred Cow Sale with a very light offering of feeder cattle, most selling in small packages and singles not well tested.

Ash Flat Livestock Auction - Ash Flat AR...
Receipts:  1094    Last Week:  925    Year Ago:  655
Compared to last week:  Feeders sold mostly 5.00 lower, instances 6.00-10.00 lower.  Slaughter cows and bulls sold mostly 5.00 lower.  Fleshy denotes unweaned, milk fat calves.

Cattleman's Livestock Auction - Belen NM...
Receipts:  989       Last Week:  860       Year Ago:  1230
Compared to last week:  No comparisons due to reporter's absence last week. Bulk supply Medium and Large 1-2 300-800 lb feeder steers and heifers.  Slaughter cows 9 percent of the offering, slaughter bulls 1 percent, bred cows 7 percent, pairs 1 percent and feeders 82 percent.


Updated daily Monday thru Friday around 4:00 PM CST

Additional reports at "Market Reports" & "Auction Results"

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