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Daily Market Summary for Wednesday, December 20th:

TCR's Weekly Current & Projected Feedyard Closeout

Slaughter Cattle: Wednesday negotiated cash trade and demand was moderate in the Southern Plains and Nebraska. Compared to last week in the Southern Plains and Nebraska, live purchases traded steady at 120.00. In Nebraska, limited amounts of dressed purchases have traded at 190.00 with a few up to 191.00. Last week dressed purchases traded from 188.00-190.00. Trade was very light on moderate demand in Colorado. Last week live purchases traded at 120.50. Trade was light on moderate demand in the Western Cornbelt with few purchases reported at 120.00 and at 191.00 respectfully, however not enough for an adequate market test. In the Western Cornbelt last week, live purchases traded from 118.00-120.00 with dressed purchases from 188.00-190.00.

Negotiated Sales: Confirmed: 44,406    Week Ago: 354    Year Ago: 4,665

Formula Purchases: Net - Dressed
Head count priced today: 14,400
Weighted avg weight:       879.00
Weighted avg net price:   190.95

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. Technical price levels have eased since Monday. There is a good chance basis levels could weaken this week. Packers have worked through most of their December contract cattle which should maintain interest on the cash market.

Livestock Slaughter under Federal Inspection:
                             Cattle      Calves   Hogs        Sheep
Wednesday (est   116,000    2,000      467,000      7,000
Week ago (est)     119,000    2,000      468,000      8,000
Year ago (act)       115,000    3,000      449,000      9,000
Week to date (est) 353,000    6,000   1,402,000    25,000
Last Week (est)     355,000    6,000   1,400,000    26,000
Last Year (act)       343,000    8,000   1,331,000    26,000

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

Cutout Values...            Choice        Select
Current Cutout Values:    198.09        185.49
Change from prior day:      -3.67          +1.17
Choice/Select spread:       12.60

Cattle Futures Summary: Live cattle futures finished the day with losses of 60 cents to $1.80 in most contracts. Feeder cattle futures fell $1.175 to $3.55 in most contracts on Wednesday with nearby contracts weaker. The CME feeder cattle index on December 19 was down 3 cents to $152.47. Wholesale boxed beef values were mixed on Wednesday afternoon. Choice was down a sharp $3.67 at $198.09, with select $1.17 higher at $185.49. That narrows the Ch/Se spread to $12.60. Estimated weekly FI cattle slaughter through Wednesday was 353,000 head, 2,000 head fewer than the previous week and 10,000 head larger than the same week last year. Friday’s Cattle on Feed report is expected to show November marketings 103% of last years, at 1.841 million head. This morning’s FCE auction showed sales of 239 of the 466 head at an average price of $120. Cash trades in the country were also $120 in TX and KS.

December Live Cattle Futures: 119.40... -0.60

February Live Cattle Futures: 118.95... -1.50

April Live Cattle Futures: 119.95... -1.52

January Feeder Cattle Futures: 141.77... -3.43

March Feeder Cattle Futures: 139.75... -3.55

April Feeder Cattle Futures: 140.45... -3.22

CME Feeder Cattle Index: 152.47... -0.03
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February Lean Hog Futures: 68.37...+1.47

National Grain Market Summary: Compared to yesterday, cash bids for wheat were mixed, sorghum and corn traded higher and soybeans traded lower.  Ethanol production for week ending December 15th declined 12,000 barrels a day, totaling 1.07 million barrels per day.

Kansas City Corn: 3.34...+0.02

Kansas City Soybeans: 9.15...-0.03

Kansas City Wheat: 4.06...+0.03

March Corn Futures: 3.4925...+0.0175

January Soybean Futures: 9.6450... -0.0225

March Wheat Futures: 4.2350...+0.0400

Nearby Crude Oil Futures Contract: 58.09...+0.63

Dow Jones Industrial Average: 24,726.65...-28.10

NASDAQ: 6,960.96...-2.89

U.S. Dollar Index: 93.31...-0.14

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
  2,148                 2,565              1,530
Compared to last week,  steer and heifer calves traded steady to weak. There were too few yearlings last week for an adequate comparison however undertones were lower.

Oklahoma City Cow and Bulls - Oklahoma City OK...
Receipts:  603      Last Week:  739     Last Year:  579   Receipts Monday:  5,947
Compared to last week:  Slaughter cows steady to 2.00 higher.  Slaughter bulls 2.00-4.00 higher.  Packer demand good.  A total of 316 cows and bulls sold with 53 percent going to packers.

Tulsa Livestock Auction - Tulsa Oklahoma...
Receipts:  2240    Last Week:  2334    Year Ago:  809
Compared to last week: Steer and Heifer calves mostly steady.  Quality average.  Demand good.  Receipts include 17 percent over 600 lbs. and 34 percent heifers.

Mount Airy Livestock Auction - Mount Airy NC...
Receipts:  67            Last Week: 111        Last Year:
Compared to last week, slaughter cows were mostly 5.00 to 6.00 higher with bulls mostly steady.  Feeder cattle too few to trend.  Light demand with moderate market activity.  Light offerings with quality of cattle plain to average.

Bowling Green Livestock Auction - Bowling Green KY...
Receipts:  429 Internet : 278 Total for week 707    Last week: 850   Last year: 188
Compared last week: Feeders steers 2.00-3.00 lower and heifers steady to 1.00 lower. Slaughter cows and Slaughter bulls firm to 2.00 higher. 124 replacement cattle, 37 slaughter cattle, 268 feeder cattle. Slaughter cows made up 10 percent of the offering, slaughter bulls 1 percent,

Winter Livestock - La Junta CO...
Receipts:  1189    Last Week:  5552    Year Ago:  NA
Compared with last Tuesday:  Steer calves under 500 lbs 5.00-8.00 lower, over 500 lbs 1.00 to 3.00 lower. Heifer calves under 400 lbs steady, over 400 lbs 2.00 to 3.00 lower.

Chester Livestock Auction - Chester SC...
Receipts:  232          Last week:  238            Last year:  Na
Slaughter cows made up 11 percent of the offering, slaughter bulls 5 percent, replacement cows 5 percent, other cows 4 percent, and feeders 75 percent.  The feeder supply included 36 percent steers, 38 percent heifers, and 26 percent
bulls.

Chesnee Livestock Auction - Chesnee SC...
Receipts:  171          Last week: 230      Last year: N/A
Compared to last week feeder steers and bulls were 3.00-4.00 higher.Feeder heifers were steady to 2.00 higher. Slaughter cows were steady. Slaughter bulls to few to compare . There was light offerings of average quality cattle with active buyer participation.

Brookhaven Livestock Auction - Brookhaven MS...
Receipts     This week    177       Last Week    158
Compared to last week slaughter cows trended Steady. Slaughter bulls trended 3.00 to 5.00 Higher. Feeder steers trended Steady. Feeder heifers trended Steady. Feeder consisted of 53 percent steers and 47 percent heifers.

Tylertown Livestock Auction - Tylertown MS...
Receipts     This week    506       Last Week    454
Compared to last week slaughter cows trended 2.00 to 4.00 Higher. Slaughter bulls trended 4.00 to 5.00 Higher. Feeder steers trended Steady. Feeder heifers trended Steady. Feeder consisted of 54 percent steers and 46 percent heifers.

Dixie Livestock Auction - Thomasville GA...
Receipts:  975    Last Week:  802  Year Ago: N/S
Slaughter cows 2.00 to 4.00 higher, slaughter bulls unevenly steady, feeder steers, heifers, and bulls lightly tested, steer calves mostly steady, heifer calves unevenly steady, bull calves steady to 2.00 higher, replacement cows lightly tested.

Fort Payne Stockyard - Ft Payne AL...
Receipts:  415    Last Week:  492    Year Ago:  000
Compared to one week ago: Slaughter classes sold mostly steady. Feeder steers and bulls sold mostly steady, feeder heifers sold 3.00 higher. Trade active with good demand on feeders.

Dickson Livestock Auction - Dickson TN...
Receipts:  447         Last week: 422         Last year: 434
Compared to same sale last trends were on lite test, Slaughter cows 1.00 to 3.00 higher. Bulls 2.00 lower. Steers and bulls 2.00 to 4.00 higher. Heifers steady to 2.00 higher.

Franklin County Livestock Auction - Carnesville GA...
Receipts:  797    Last Week:  709    Year Ago:  00
Compared to one week earlier, slaughter cows and slaughter bulls mostly steady, feeder steers and steer calves mostly steady, feeder bulls and bull calves unevenly steady, feeder heifers and heifer calves 2.00 to 3.00 higher, replacement cows unevenly steady.

Athens Cattle Auction - Athens TN...
Receipts:  822             Last week: 1037                   Last year: 976
Compared to last week, feeder steers mostly steady with feeder heifers and bulls 6.00 to 7.00 higher.  Slaughter cows and bulls 4.00 to 5.00 higher overall.

Loup City Wtd Avg Livestock Report - Loup City NE...
Receipts:  1500    Two Weeks Ago:  1076    Year Ago:  0
Compared to two weeks ago steers sold mostly steady except 550 and 700 lbs steers sold 6.00 higher. Heifers under 650 lbs sold steady to 4.00 higher. Slaughter cows sold steady to 2.00 higher and bulls fully steady.
 
 

Updated daily Monday thru Friday around 4:00 PM CST

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