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Daily Market Summary for Wednesday, June 21st:

TCR's Weekly Current & Projected Feedyard Closeout

Slaughter Cattle:  Wednesday in the Southern Plains trading has been slow with moderate demand. A few early live purchases have traded from 121.00-123.00. Last week live trades in the Texas Panhandle were from 127.00-132.00. In Nebraska for Wednesday trading has been slow on light demand. A few live and dressed purchases traded from 122.00-123.00 and 196.00-198.00. Last week live trades were mostly at 132.00 and dressed were from 200.00-215.00. In Colorado for Wednesday trading and demand have been moderate. Compared to last week live purchases have traded 9.00 to 10.00 lower from 122.00-123.00. In the Western Cornbelt for Wednesday trading has been limited on light demand. Not enough trades in any price range for a full market trend. Last week live trades were from 125.00-135.00 and dressed were from 200.00-215.00.

Negotiated Sales: Confirmed: 31,486      Week Ago: 15,519      Year Ago: 15,624

Negotiated Prices - Slaughter Steers & Heifers:
Live Basis              Steers                                       Heifers
Over 80% Choice   122.00 - 123.00 avg 122.49   121.00 - 123.00 avg 122.45
65 - 80% Choice    121.00 - 123.00 avg 122.10   121.00 - 123.00 avg 121.93
35 - 65% Choice    122.00 - 123.00 avg 122.49   121.00 - 123.00 avg 122.20
0 - 35% Choice                   -                                                  -
Total all Grades     121.00 - 123.00 avg 122.24     121.00 - 123.00 avg 122.13

Dressed Basis
Over 80% Choice 193.00 - 196.00 avg 194.93    195.00 - 196.00 avg 195.93
65 - 80% Choice  194.00 - 198.00 avg 196.79     198.00 - 198.00 avg 198.00
35 - 65% Choice  195.00 - 195.00 avg 195.00                  -
0 - 35% Choice                 -                                                    -
Total all Grades   193.00 - 198.00 avg 196.02     195.00 - 198.00 avg 196.75

The FCE On-Line Auction offered 2,148 head Wednesday with 457 head selling @ an average price of $123.00 per cwt.

Formula Purchases: Net - Dressed
Head count priced today: 16,100
Weighted avg weight:            838
Weighted avg net price:   218.49

Alberta Beef Producers Daily Report:  Unavailable

Livestock Slaughter under Federal Inspection:
                                Cattle        Calves   Hogs        Sheep
Wednesday  (est)  118,000     2,000      431,000      7,000
Week ago (est)      116,000     2,000      433,000      7,000
Year ago (act)        112,000     2,000      421,000      7,000
Week to date (est) 349,000     6,000   1,286,000    22,000
Last Week (est)     350,000     6,000   1,277,000    20,000
Last Year (act)       334,000     6,000   1,262,000    24,000

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

Cutout Values...            Choice        Select
Current Cutout Values:    245.42        218.90
Change from prior day:      -1.57           -0.98
Choice/Select spread:      26.52

Cattle Futures Summary:

June Live Cattle Futures: 119.50...-0.85

August Live Cattle Futures: 115.35...-0.55

October Live Cattle Futures: 113.02...-0.48

August Feeder Cattle Futures: 144.65...+0.73

Sept Feeder Cattle Futures: 144.05...+0.73

October Feeder Cattle Futures: 142.32...+0.57

CME Feeder Cattle Index: 148.07...-0.17
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July Lean Hog Futures: 86.07...+1.07

National Grain Market Summary: Compared to yesterday, Corn traded mixed, Wheat, Soybeans, and Sorghum traded lower.  Lack of fresh news caused some trading to be influenced by weather forecasts.  These show rain and colder temperatures for the Midwest later in the week.  Corn and soybeans saw trading on both sides of unchanged today with indication that selling was coming from noncommercial traders. Ethanol production for the week ending June 16th was down 12,000 per day compared to the week prior.

Kansas City Corn: 3.52...Unchanged

Kansas City Soybeans: 9.09...-0.09

Kansas City Wheat: 4.31...-0.06

July Corn Futures: 3.6875...-0.0125

July Soybean Futures: 9.1875...-0.0900

July Wheat Futures: 4.6450...-0.0800

Nearby Crude Oil Futures Contract: 42.53...-0.98

Dow Jones Industrial Average: 21,413.25...-53.89

NASDAQ: 6,233.95...45.92

U.S. Dollar Index: 97.55...-0.21
 

Tuesday Auction Reports...
"Click" on individual auction links for complete report
*Denotes Auction not reported by the USDA ? linked to Auction's website

Ozark Regional Stockyards - West Plains MO...
                            Receipts          Week Ago      Year Ago
Total Receipts:      4081               2,776              3,357
Feeder Cattle: 4,081(100%)  2,776(100%)  3,357(100%)
ompared to last week, feeder calves traded 3.00-9.00 lower with the exception of some 6 weight steers trading steady.  Yearling heifers traded steady to 3.00 higher while yearling steers were lightly tested with lower undertones.

Franklin County Livestock Auction - Carnesville GA...
Receipts:  1071    Last Week:  1441    Year Ago:  1875
Compared to one week earlier, slaughter cows steady to 2.00 lower, slaughter bulls mostly steady, feeder steers and steer calves 3.00 to 5.00 lower, feeder bulls and bull calves 5.00 to 7.00 lower, feeder heifers and heifer calves 3.00 to 6.00 lower, replacement cows mostly steady.

Livingston County Livestock Auction - Ledbetter KY...
Receipts: 867        Last Week: 273         Last Year: 243
Compared to last week: Feeder cattle traded mostly steady with strong Demand for precondition cattle. Slaughter cows and bulls traded steady. Sale consisted of 21 stock cattle, 40 slaughter, and 806 feeders.

Chester Livestock Auction - Chester SC...
Receipts:  309          Last week:  321         Last year:  259
Compared to last week all classes of feeder cattle 7.00 to 9.00 lower, slaughter cows and slaughter bulls mostly steady. Moderate offering of average to poor quality cattle with active buyer participation. Light demand for cattle with active buyer participation.

Dickson Livestock Auction - Dickson TN...
Receipts:  309          Last week:  321         Last year:  259
Compared to last week all classes of feeder cattle 7.00 to 9.00 lower, slaughter cows and slaughter bulls mostly steady. Moderate offering of average to poor quality cattle with active buyer participation. Light demand for cattle with active buyer participation.

Chesnee Livestock Auction - Chesnee SC...
Receipts:  302          Last week: 247      Last year: 261
Compared to last week feeder cattle were 5.00-7.00 lower. slaughter cows and slaughter bulls steady lightly tested. Light offering of average  quality cattle with moderate buyer participation. Light demand for cattle with excessive hair.

Bowling Green Livestock Auction - Bowling Green KY...
Receipts:  647          Last week: 507         Last year: 273
Compared last week: Feeders steers 4.00-6.00 lower,and heifers 2.00-3.00 lower. Slaughter cows steady, Slaughter bulls 1.00 lower. 84 replacement cattle, 46 slaughter cattle, 517 feeder cattle. Slaughter cows made up 5 percent of the offering,

Brookhaven Livestock Auction - Brookhaven MS...
Receipts     This week    150       Last Week    153
Compared to last week slaughter cows trended Steady. Slaughter bulls trended Steady. Feeder steers trended 5.00 to 7.00 Lower. Feeder heifers trended 5.00 to 7.00 Lower. Feeder consisted of 59 percent steers and 41 percent heifers.

Tylertown Livestock Auction - Tylertown MS...
Receipts     This week    711       Last Week    852
Compared to last week slaughter cows trended Steady. Slaughter bulls trended 1.00 to 2.00 Lower. Feeder steers trended 7.00 to 10.00 Lower. Feeder heifers trended 5.00 to 7.00 Lower. Feeder consisted of 60 percent steers and 40 percent heifers.

Dixie Livestock Auction - Thomasville GA...
Receipts:  1018    Last Week:  790    Year Ago:  745
Compared to one week earlier, slaughter cows steady to 3.00 higher, slaughter bulls mostly steady, feeder steers, heifers, and bulls mostly steady, steer calves and heifer calves steady to 2.00 lower, bull calves steady to 3.00 lower, replacement cows unevenly steady.

Fort Payne Stockyard - Ft Payne AL...
Receipts:  588    Last Week:  686    Year Ago:  788
Compared to one week ago: Slaughter classes sold steady to firm. Feeder steers and bulls sold 4.00 to 7.00 lower, feeder heifers sold 2.00 to 5.00 lower. Trade active with moderate demand on feeders. Replacement cows and pairs sold mostly steady. Slaughter cows 5 percent, bulls 1 percent, replacement cows and pairs 10 percent, and feeders 84 percent.

Oklahoma City Cow and Bulls - Oklahoma City OK...
Receipts:  649       Last Week:  693      Last Year:  509 Receipts Monday:  6,695
Compared to last week:  Slaughter cows unevenly steady.  Slaughter bulls 2.00 lower.  Packer demand moderate to good.  A total of 223 cows and bulls sold with 62 percent going to packers.

Tulsa Livestock Auction - Tulsa Oklahoma...
Receipts:  1749    Last Week:  2997    Year Ago:  1685
Compared to last week:  Steers 5.00 lower.  Heifers 4.00 lower, in a light test.  Quality average thru plain.  Demand good.  Supply includes 39 percent over 600 lbs. and 50 percent heifers. Slaughter cows mostly steady.
 


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