Daily Market Summary for Friday, September 22nd:
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
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
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
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.
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
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.
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
Feeder Cattle Index: 151.44...+0.33
|For daily news, check TCR's "Cattle Industry News"|
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
U.S. Dollar Index: 92.17...-0.07
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.
"Click" on individual auction links for complete report
*Denotes Auction not reported by the USDA & linked to Auction's website
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,
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.
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.
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.
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.
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.
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.
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.
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.
& 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.
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.
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.
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.
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.
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.
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.
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