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Daily Market Summary for Friday, September 22nd:

TCR's Weekly Current & Projected Feedyard Closeout

Slaughter Cattle: Thus far Friday, negotiated cash trade and demand was moderate in the Southern Plains. Compared to last week in the Southern Plains, live purchases traded 2.00 higher at 108.00. Trade was light to moderate in the Northern Plains and Western Cornbelt. In the Western Cornbelt dressed purchases traded 2.00-5.00 higher compared to last week at 170.00 with a few live purchases at 108.00. A few early dressed purchases in the Nebraska have ranged from 170.00-172.00 however not enough sales in the Northern Plains for and adequate market test. The latest established market in the Northern Plains was last week with live purchases at 106.00 and dressed purchases in Nebraska at 166.00 with a few up to 168.00.

Negotiated Sales: Confirmed: 46,718      Week Ago: 14,958      Year Ago: 27,011

Negotiated Prices - Slaughter Steers & Heifers:
Live Basis              Steers                                       Heifers
Over 80% Choice   106.00 - 110.00 avg 108.00   108.00 - 109.00 avg 108.09
65 - 80% Choice    106.50 - 108.50 avg 108.02   108.00 - 108.00 avg 108.00
35 - 65% Choice    108.00 - 108.50 avg 108.15   108.00 - 108.00 avg 108.00
0 - 35% Choice                   -                                                  -
Total all Grades      106.00 - 110.00 avg 108.04   108.00 - 109.00 avg 108.04

Dressed Basis
Over 80% Choice 170.00 - 176.00 avg 170.35   170.00 - 172.00 avg 170.45
65 - 80% Choice  169.00 - 172.00 avg 170.75   170.00 - 172.00 avg 170.68
35 - 65% Choice               -                                                  -
0 - 35% Choice                 -                                                  -
Total all Grades   169.00 - 176.00 avg 170.43   170.00 - 172.00 avg 170.49

Formula Purchases: Net - Dressed
Head count priced today: 14,900
Weighted avg weight:            849
Weighted avg net price:   167.48

Alberta Beef Producers Daily Report:  Alberta direct cattle sales so far this week have seen light trade develop with bids weakening from Wednesday to Thursday. Packer interest in the cash market has been mixed with one packer more aggressive than the other. On a dressed basis there was as much as a 10.00 price difference between the two major packers. Live sales this week have been reported from 132.00-135.00.

Livestock Slaughter under Federal Inspection:
                                 Cattle        Calves     Hogs          Sheep
Friday  (est)             115,000       2,000       455,000        7,000
Week ago (est)       115,000      2,000        447,000        6,000
Year ago (act)         108,000       2,000       433,000        7,000
Week to date (est) 579,000     10,000    2,271,000      37,000
Last Week (est)      583,000    10,000    2,253,000      36,000
Last Year (act)        564,000       9,000    2,189,000      40,000

Saturday  (est)          58,000         0             230,000         0
Week ago (est)         59,000         0             179,000         0
Year ago (act)           32,000         0             284,000         0
Week to date (est) 637,000    10,000     2,501,000       37,000
Last Week (est)      642,000    10,000    2,432,000       36,000
Last Year* (act)      596,000     10,000    2,473,000       40,000
2017 YTD          23,024,000  362,000  86,135,000  1,395,000
2016 *YTD        21,748,000   327,000  83,856,000  1,459,000
Percent change       5.9%          10.7%        2.7%           -4.4%

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

Cutout Values...            Choice        Select
Current Cutout Values:    191.60        188.73
Change from prior day:      +0.09          +0.32
Choice/Select spread:        2.87

Cattle Futures Summary:

October Live Cattle Futures: 111.57...+1.47

December Live Cattle Futures: 117.42...+1.22

February Live Cattle Futures: 120.05...+0.80

Sept Feeder Cattle Futures: 153.40...+0.23

October Feeder Cattle Futures: 156.10...+0.23

November Feeder Cattle Futures: 157.62...+0.80

CME Feeder Cattle Index: 151.44...+0.33
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October Lean Hog Futures: 55.70...-1.62

National Grain Market Summary: Compared to last week, corn and soybeans were lower, while wheat was mostly higher. As soybeans and wheat are seeing rallies there may be spillover support for corn.  Corn’s commercial view is looking bearish, with another early harvest weekend ahead.  November soybeans are looking to build bullish momentum as they finally extended their short-term uptrend.  The November soybeans daily technical study is showing the contract in an overbought situation.  There are short term uptrends seen in winter wheat, while the long-term commercial view remains bearish.  Weekly export sales and shipments for wheat showed a total of 11.3 million bushels and 15.7 million bushels respectively for the 2017-2018 marketing year. These numbers could be viewed as bearish for wheat.  Export sales of corn showed a total of 20.7 million bushels for the 2017-2018 marketing year with shipments of 27.7 million bushels.  These numbers can be viewed as bearish for corn.  Weekly export sales of soybeans showed a total of 85.9 million bushels for the 2017-2018 marketing year, while it had shipments of 34.7 million bushels.  These numbers can be viewed as neutral for soybeans.  Weekly export sales of grain sorghum showed a total of 2.0 million bushels with shipments of 2.8 million bushels.  These numbers can be seen as neutral for milo. Wheat was mixed, mostly 1 to 7 cents higher.  Corn was lower, mostly 3 to 10 cents lower.  Sorghum was mixed, mostly 7 cents lower.  Soybeans were lower, mostly 5 to 11 cents lower.

Kansas City Corn: 3.22...Unchanged

Kansas City Soybeans: 9.54...+0.13

Kansas City Wheat: 3.82...+0.01

December Corn Futures: 3.5350...+0.0325

November Soybean Futures: 9.8425...+0.1350

December Wheat Futures: 4.4950...-0.03

Nearby Crude Oil Futures Contract: 50.66...+0.11

Dow Jones Industrial Average: 22,349.59...-9.64

NASDAQ: 6,426.92...+4.23

U.S. Dollar Index: 92.17...-0.07

National Feeder & Stocker Cattle Summary
RECEIPTS:    Auctions     Direct    Video/Internet     Total
This Week     213,400     60,600        67,100         341,100
Last Week       193,100     58,100        20,800         272,000
Last Year         158,800     58,000        23,000         239,800

Compared to last week, feeder steers and heifers sold mostly steady to 6.00 higher. Calves unevenly steady throughout the week, with early-week auctions slightly lower and mid-to-late week auctions higher. Demand for the week was moderate to very good, with active trade especially for yearling cattle. Several auction barns across the Plains and Midwest are reporting higher receipts than a year ago. This is due to many bringing their calves to town after weaning, and earlier than usual. On Wednesday, Hub City Livestock in Aberdeen, South Dakota had very good demand on yearlings coming off of grass, with buyers having to be aggressive in order to take them home.  There were a few bell-ringing sales, with 3 loads of steers weighing an average of 966 pounds selling at 161.75. There were also some impressive sales in the Nebraska. At the Ogallala Livestock Auction Market in Ogallala, Nebraska, 48 head of steers weighing 710 pounds brought 174.50 and at the Huss Platte Valley Livestock Market in Kearney, Nebraska, 45 head of heifers weighing 795 pounds  sold at 152.75. Load lots were scarce and buyers were willing to piece together loads this week.

On Monday, CME live and feeder cattle futures started the week off by closing in positive territory, with the exception of nearby live cattle futures. This continued the next two days, with Wednesday seeing significant, triple-digit gains in both the live and feeder cattle futures. Compared to last Friday, October  live cattle futures closed 3.83 higher at 111.58 and December was 117.43, up 4.61. Feeder cattle futures held triple digit gains for the third week in a row. Compared to last Friday, September feeder cattle futures closed 3.17 higher at 153.40 and October was up 5.45 at 156.10. This week’s Fed Cattle Exchange (FCE) sold 636 head, which follows two weeks of light sales from the exchange. The cattle that were sold were for 1-9 day delivery from the Southern Plains and sold from 106.50-106.75 FOB, with a weighted average price of 106.67. This provided optimism to the fed cattle market, with feedlots in hopes of higher cash trade by week-end. Southern Plains cash cattle trade was moderate at 108.00, 2.00 higher than last week. In Nebraska, no trade has been established yet; however, dressed bids are higher than last week’s trading.

On Thursday, NASS released their monthly Livestock Slaughter Report with the average weight of a dressed steer in August at 884 pounds. This weight was 15 pounds heavier than the previous month and 7 pounds lighter than last August. The average weight of a dressed heifer was 806 pounds, up 13 pounds from the previous month and 3 pounds lighter than last year. Year-to-date federal inspected beef production was reported at 17 million pounds, 4.9 percent higher than a year ago and cattle slaughter was 21.03 million head, 6.5 percent higher than last year.

NASS’s Cattle on Feed was released this afternoon, with cattle on feed September 1 totaling 104 percent and cattle placed on feed in August totaling 103 percent, both above estimates. Fed cattle marketed in August came in at 106 percent, in line with estimates. Cold Storage was released from NASS this afternoon as well. The report stated that total red meat supplies in freezers were up 7 percent from July and down 3 percent from last year. Total pounds of beef in freezers were up 10 percent from the previous month but down slightly from last year. For pork, frozen supplies were up 4 percent from last month and down 5 percent from last year, with the stock of pork bellies up 8 percent from last month and down 40 percent from last year. Overall, the boxed-beef market was unsettled for the week; beginning firm to higher and finishing steady to weak. Compared to last Friday, Choice boxed-beef closed at 191.60, up 18 cents and Select boxed-beef was up 2.88 at 188.73. The Choice-Select spread closed today at 2.87. Auction volume this week included 49 percent weighting over 600 lbs and 40 percent heifers.

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

Siloam Spring Livestock Auction -Siloam Spring AR...
Receipts:  1383          Last week:  NR               Last year:  674
Compared to last week:  No trend sale not reported last two weeks. Supply included about 805 feeder calves, 300 feeder yearlings, 85 replacement cows. 171 slaughter cows, and 22 slaughter bulls. The feeder supply included 27 percent steers, 43 percent heifers,

Ava Livestock Auction - Ava MO...
Receipts:  1707    Last Week:  1887    Year Ago:  825
Compared to last week, steers and heifers steady.  Slaughter cows 2.00 lower, slaughter bulls steady.  Demand moderate, supply heavy.  Near 09 percent of the receipts was replacement cows, slaughter cows and bulls.

Ozark Livestock Auction - Ozark AR...
Receipts:  632          Last week: 606                  Last year: 475
Compared to last week: Feeder steers and heifers sold 2.00-10.00 lower, mostly 3.00-5.00 lower with largest decline on steers under 400 lbs steers and steers 400-500 lbs steers 1.00 higher.

Senatobia Livestock Auction - Senatobia MS...
Receipts     This week    400       Last Week    387
Compared to last week slaughter cows trended 2.00 to 3.00 Lower. Slaughter bulls no trend. Feeder steers trended 2.00 to 5.00 Lower. Feeder heifers trended Steady. Feeder consisted of 60 percent steers and 40 percent heifers. Receipts weighing under 600 lbs 76 percent over 600 lbs 11 percent.

Tulia Livestock Auction - Tulia TX...
Receipts:  2221    Last Week:  2420    Last Year:  2010
Compared to last week:  Feeder steers and heifers sold steady to 2.00 higher.  Trade was fairly active on good demand.  Much needed chances of rain in the forecast for the weekend for recently planted wheat pastures.

Columbia Livestock Auction - Columbia TN...
Receipts: 402     Last week: 520     Last year: 278
Compared to the same sale last week, Slaughter cows 3.00 to 4.00 lower. Bulls 6.00 to 7.00 lower. Steers and heifers steady. Bulls steady to 4.00 lower. Quality fair to good. Demand moderate to weak.

Smithfield Livestock Auction - Smithfield NC...
Receipts:  467            Last Week: 371       Last Year: 623
Compared to last week, slaughter cattle were 5.00 to 8.00 lower.  Feeder steers 6.00 to 8.00 higher with bulls 3.00 to 5.00 higher; heifers were steady.  Moderate demand, buyer activity and offerings.

Cullman Stockyard - Cullman AL...
Receipts:  1341    Last Week:  774    Year Ago:  1363
Compared to last week: Slaughter cows and bulls sold 2.00 to 3.00 lower. Feeder bulls and steers sold 2.00 to 4.00 higher. Feeder heifers sold 1.00 to 3.00 higher.

Pratt Livestock Auction - Pratt KS...
Receipts:  3772    Last Week:  2877    Year Ago:  1148
Compared to last week: Feeder steers 700-1000 lbs steady to 2.00 higher; Feeder heifers 700-900 lbs 1.00-4.00 higher. Steer and heifers firm to higher undertone noted compared to last weeks light test.

Farmers & Ranchers Livestock - Salina KS...
Receipts:  2443    Last Week:  3682    Year Ago:  2596
Compared with last week: feeder steers 600-700 lbs steady; 700-1050 lbs firm to 7.00 higher, bulk of the trade 3.00-5.00 higher, most advance on 800-850 lbs. Feeder heifers 600-900 lbs 2.00-4.00 higher.

Apache Livestock Auction - Apache OK...
Receipts:  1724    Last Week:  1888    Year Ago:  1342
Compared to last week: Feeder steers and heifers 5.00-7.00 higher.Steer and heifer calves mostly 3.00-8.00 higher.  Quality average to attractive with improved demand for the feeders and calves.

Woodward Wtd Avg Cattle - Woodward OK...
Receipts:  5280    Last Week:  5125    Year Ago:  3140
Compared to last week:  Feeder steers and heifers under 800 lbs. traded mostly steady to 2.00 higher.  Over 800 lbs. 2.00-5.00 higher.  Heavier steer calves steady to 2.00 higher.  Heavier heifer calves unevenly steady.

Toppenish, WA Livestock Auction - Toppenish WA...
Receipts:  1950    Last Week:  1800    Year Ago:  1430
Compared to last Thursday at the same sale, stocker and feeder cattle firm. 900-950 lbs. steers 10.00-15.00 higher. Trade very active with very good demand. Slaughter cows steady to weak. Slaughter bulls 5.00-6.00 lower as supply exceeds demand.

Decatur Stockyard - Decatur AL...
Receipts:  964    Last Week:  524    Year Ago:  571
Compared to a week ago: Slaughter cows sold 2.00 lower, bulls sold 3.00 lower. Feeder steers and bulls under 600 lbs sold 5.00 to 10.00 lower, over 600 lbs sold steady. Feeder heifers under 600 lbs sold 3.00 to 5.00 lower, over 600 lbs sold steady.

San Angelo Cattle And Calf Auction - San Angelo TX...
Receipts:  1315    Last Week:   960    Year Ago:  1363
Compared to last week feeder steers and steer calves steady to 2.00 higher with the advance on weaned calves and yearlings; heifers firm. Slaughter cows and slaughter bulls 2.00-4.00 lower.  Stock cows and pairs steady.

Cattleman's Livestock Auction - Dalhart, TX...
Cattle and Calves: 1789      Week ago: 2123      Year Ago:  1972
Compared to last week:  Steer and heifer calves 300-600 lbs 3.00-5.00 lower.  Feeder steers over 600 lbs steady to weak except a few packages 700-750 lbs 2.00 higher.  Feeder heifers over 600 lbs firm, instances 1.00-2.00 higher.
 
 

Updated daily Monday thru Friday around 4:00 PM CST

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

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