Summary for Wednesday, March 22nd:
Slaughter Cattle: Wednesday in Kansas and Nebraska trading has been limited on light demand. A few dressed purchases in Kansas traded at 212.00 for 15-30 day delivery. In Nebraska a few live purchases traded from 131.00-136.50. In the Texas Panhandle and Western Cornbelt trading has been inactive on very light demand. In Colorado trading has been at a standstill. Not enough purchases in any feeding region for a market trend. Last week in the Southern Plains live purchases sold mostly at 128.00. In Nebraska live and dressed purchases traded at mostly 131.00 and 210.00, respectively. In Colorado live purchases traded from 126.00-131.00. In the Western Cornbelt live purchases traded from 130.00-132.00 and dressed at 210.00.
The FCE On-Line Auction offered 3,928 total head on Wednesday with 2,195 head selling from $128.00 to $136.50 per cwt. The weighted average price was $133.35 per cwt.
Negotiated Sales: Confirmed: 5,542 Week Ago: 29,984 Year Ago: 2,558
Prices - Slaughter Steers & Heifers:
Net - Dressed
Alberta Beef Producers Daily Report: Alberta direct cattle sales Tuesday saw no new trade to report but there is a chance scattered trade could develop by this afternoon. Both live and feed cattle futures are seeing triple digit gains this morning. The April live cattle contract is trading at the highest level in over one year.
under Federal Inspection:
Boxed Beef: Boxed beef cutout values lower on Choice and firm on Select on light to moderate demand and offerings. Select and Choice rib and round cuts steady to firm while chuck cuts weak to lower. Choice loin cuts weak while Select higher. Beef trimmings not fully established.
Cattle Futures Summary: Live cattle futures traded $1.55 to $2.725 higher on a Wednesday that saw April 17 and June 17 both hitting the limit up. Feeder cattle futures rose $2.00 to $4.175 on Wednesday. The CME feeder cattle index was at $130.02 for 3/21, a daily gain of 7 ce nts. Wholesale beef prices in the afternoon report were mixed, as choice boxes were $1.93 lower and select was up 39 cents. Cash cattle prices on the FCE had a weighted average of $133.35, up $4.96 from last week, with 2,195 of the 3,928 head selling. In NE prices ranged from $133-$136.50, and $128-$130 in KS and TX as only 3 lots from there were sold. Estimated FI slaughter week to date slaughter is 348,000 head, up 7,000 from last week and 21,000 head above the same time last year. In the Cold Storage report released this afternoon, February US beef stocks were shown at 502,429 million pounds. That is 0.8% below last February and 6.6% lower than January.
April Live Cattle Futures: 122.45...+2.55
June Live Cattle Futures: 113.77...+2.72
August Live Cattle Futures: 108.95...+2.38
March Feeder Cattle Futures: 134.00...+2.00
April Feeder Cattle Futures: 136.35...+3.73
May Feeder Cattle Futures: 135.27...+3.77
Feeder Cattle Index: 130.02...+0.07
April Lean Hog Futures: 68.15...+0.15
National Grain Market Summary: Compared to yesterday, corn, wheat, soybeans, and sorghum traded lower. Demand for cheaper US soybeans remains active as USDA reports China imported 89 million metric tons of US soybeans, approximately 3 million metric tons higher from 2016-17. According to the US Energy Information Administration, ethanol production is down 1,000 barrels this week from 1.045 million barrels/day to 1.044. Little to no support was shown for the wheat market today as forecasts indicated the possibility of rainfall this week for parts of the plains.
Kansas City Corn: 3.39...-0.02
Kansas City Soybeans: 9.51...-0.02
Kansas City Wheat: 3.87...-0.06
May Corn Futures: 3.5875...-0.0250
May Soybean Futures: 9.9975...-0.0175
May Wheat Futures: 4.2225...-0.0425
Nearby Crude Oil Futures Contract: 48.04...-0.20
Dow Jones Industrial Average: 20,661.17...-6.84
U.S. Dollar Index: 99.70...-0.03
Regional Stockyards - West Plains MO...
Livestock Auction - Brookhaven MS...
County Livestock Auction - Carnesville GA...
County Livestock Auction - Ledbetter KY...
Livestock Auction - Chester SC...
Livestock - La Junta CO...
Livestock Auction - Dickson TN...
Livestock Auction - Tylertown MS...
City Cow and Bulls - Oklahoma City OK...
Livestock Auction - Tulsa Oklahoma...
Livestock Auction - Chesnee SC...
Green Livestock Auction - Bowling Green KY...
Livestock Auction - Thomasville GA...
Payne Stockyard - Ft Payne AL...
Although all information
is from sources believed to be accurate & timely,