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Daily Market Summary for Wednesday, November 22nd:

TCR's Weekly Current & Projected Feedyard Closeout

Slaughter Cattle: Wednesday, negotiated cash trade was light on moderate demand in most feeding regions. In Nebraska, purchases were mostly steady at 120.00 with a few up to 120.50. A few dressed purchases traded at 190.00. In Colorado compared to last week’s light test, live purchases traded steady at 120.50. In the Western Cornbelt live purchases traded mostly at 120.00 with dressed purchases mostly at 190.00. Not enough purchases in the Southern Plains for an adequate market test. On Tuesday in the Southern Plains live purchases traded at 118.00.

Negotiated Sales: Confirmed: 16,494    Week Ago: 52,486    Year Ago: 14,968

Formula Purchases: Net - Dressed
Head count priced today: 41,200
Weighted avg weight:       860.00
Weighted avg net price:   197.26

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 improved from the beginning of the week.  Packers have worked through a large portion of their November contract cattle and with fewer grid cattle being committed to packer, buyers will still be looking for cattle.

Livestock Slaughter under Federal Inspection:
                               Cattle      Calves   Hogs        Sheep
Wednesday  (est   119,000     2,000     459,000      7,000
Week ago (est)      118,000     2,000     465,000      7,000
Year ago (act)       116,000     2,000     443,000      6,000
Week to date (est) 359,000    6,000   1,378,000    25,000
Last Week (est)     353,000    6,000   1,394,000    23,000
Last Year (act)      348,000    7,000   1,334,000    26,000

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

Cutout Values...            Choice        Select
Current Cutout Values:    209.01        188.64
Change from prior day:     +0.38          -0.01
Choice/Select spread:       20.37

Cattle Futures Summary: Live cattle futures posted gains of 72.5 cents to $1.425 on Wednesday, with feeder cattle futures $1.10 to $1.45 higher. The CME feeder cattle index on November 21 was down 10 cents to $156.58. Wholesale beef prices were mixed on Wednesday afternoon. Choice was up 38 cents at $209.01, with select boxes a penny lower at $188.64. USDA indicated FI cattle slaughter at 359,000 head through Wednesday, 6,000 larger than a week ago and 11,000 above the same week in 2016. This morning’s FCE auction showed 2 offers of $119 passed on by feedlots, as asks of $120 were passed by packers. There were no sales reported of the 955 head. Cash sales traded $120-$120.50 in the North on Wednesday. This morning’s Cold Storage report indicated frozen beef stocks of 506.931 million pounds, 2.2% larger than September but down 4.9% from last year.

December Live Cattle Futures: 119.05...+1.08

February Live Cattle Futures: 125.47...+1.42

April Live Cattle Futures: 125.95...+1.15

January Feeder Cattle Futures: 152.72...+1.10

March Feeder Cattle Futures: 151.15...+1.33

April Feeder Cattle Futures: 150.92...+1.25

CME Feeder Cattle Index: 156.58...-0.13
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December Lean Hog Futures: 62.82...+1.19

National Grain Market Summary: Compared to yesterday, cash bids for wheat were mixed, soybeans and sorghum were higher and corn bids were mostly steady.  Soybeans were the big winner today with the January contract closing 8 cents higher on a relatively quiet day of trading.  Soybean prices at the US gulf are considerably lower than South American ports, keeping US beans competitive with outside markets. Weather concerns in South America also gave support to the soybean market today.  Daily ethanol production for the week ending November 17th set a new all-time record of 1.074 million barrels per day.

Kansas City Corn: 3.33...+0.03

Kansas City Soybeans: 9.54...+0.05

Kansas City Wheat: 3.86...+0.04

December Corn Futures: 3.4525...+0.0025

January Soybean Futures: 9.9725...+0.0825

December Wheat Futures: 4.2275...-0.0200

Nearby Crude Oil Futures Contract: 58.02...+1.19

Dow Jones Industrial Average: 23,526.06...-64.79

NASDAQ: 6,867.36...+4.88

U.S. Dollar Index: 93.28...-0.071

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
  1,844                 3,257                 3,128
Compared to last week, steer calves under 450 lbs traded steady to 3.00 higher with heavier weights 4.00-8.00 lower.  Heifer calves traded 2.00- 6.00 lower.  Yearlings were lightly tested however undertones were lower.

Oklahoma City Cow and Bulls - Oklahoma City OK...
Receipts:  1,001      Last Week:  1,311     Last Year:  872   Receipts Monday:  7,170
Compared to last week:  Slaughter cows steady to 1.00 lower.  Slaughter bulls 1.00 lower.  Packer demand moderate to good.  A total of 573 cows and bulls sold with 42 percent going to packers.

Tulsa Livestock Auction - Tulsa Oklahoma...
Receipts:  3200    Last Week:  4232    Year Ago:  3473
Compared to last week: Steer calves weighing under 400 lbs. 10.00-16.00 higher.  Steers weighing over 400 lbs. 5.00-9.00 lower.  Heifers 4.00-6.00 lower.  Quality plain thru attractive.  Demand good to moderate.

Mount Airy Livestock Auction - Mount Airy NC...
Receipts:  97             Last Week: 175       Last Year:
Compared to last week, slaughter cows were mostly 18.00 to 20.00 higher with bulls mostly 10.00 higher.  Feeder cattle were mostly 5.00 to 6.00 lower. Moderate demand, buyer activity and offerings.

Bowling Green Livestock Auction - Bowling Green KY...
Receipts:  411          Last week: 946          Last year: na   Internet sale:  710
Compared last week: Feeders steers 4.00-5.00 higher and heifers 2.00-3.00 higher. Slaughter cows 3.00 higher. Slaughter bulls 3.00-4.00 higher. 104 replacement cattle, 36 slaughter cattle, 271 feeder cattle. Slaughter cows made up 10 percent of the offering, slaughter bulls 2 percent, replacement cows 17 percent, other cows 10 percent,

Winter Livestock - La Junta CO...
Receipts:  2232    Last Week:  9930    Year Ago:  2082
Compared with last Week: Steer calves under 500 lbs 3.00 to 5.00 lower, 500 to 700 lbs 5.00 to 8.00 lower except for a load of fancy 560 lbs steady. Heifer calves under 600 lbs 3.00 to 5.00 lower except for a small lot of 500 lbs steady.

Loup City Wtd Avg Livestock Report - Loup City NE...
Receipts:  1400    Last Week:  0    Year Ago:  0
A trend will not be given due to no feeder sale being reported last week. Demand was moderate to good from the buyers in the crowd. Around 280 head of  slaughter cows and bulls are included in the receipts. Close to 100 head of bred
cows sold in the mix.
 
 

Updated daily Monday thru Friday around 4:00 PM CST

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

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The Cattle Range expressly disclaims all warranties, expressed or implied,
as to the accuracy of any of the contents provided and shall not be liable for
decisions or actions taken based on the data/information/opinions contained within.

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