|Daily Market Summary for Monday, March 19th:|
|Updated daily Monday thru Friday around 4:00 PM CST|
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
Purchases: Net - Dressed
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.
Slaughter under Federal Inspection:
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.
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
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
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
U.S. Dollar Index: 89.87...-0.34
National Stockyards - Oklahoma City OK...
Regional Stockyards Feeder Cattle Auction - Carthage MO...
Livestock Commission - Torrington WY...
Wtd Avg Cattle (Fri) - Apache OK...
Livestock Market - Lexington, NE...
County Commission - Carthage TN...
Livestock Auction - Springdale AR...
Green Livestock Auction - Bowling Green MO...
Flat Livestock Auction - Ash Flat AR...
Livestock Auction - Belen NM...
all information is from sources believed to be accurate ? timely,