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Daily Market Summary for Thursday, July 27th:

TCR's Weekly Current & Projected Feedyard Closeout

Slaughter Cattle:  Thursday in the Texas Panhandle trading has been inactive on very light demand. Not enough trades for a market trend. Last week live purchases were at 120.00. In Kansas, Northern Plains and the Western Cornbelt trading has been limited on light demand. In Kansas and Nebraska a few live trades are steady at 117.00 with the last reported market on Wednesday. In Nebraska not enough dressed trades for a market trend. Wednesday dressed trades were at 188.00. In Colorado a few live trades are steady at 117.50 when compared to Wednesday's last market. In the Western Cornbelt thus far for the week, a few live trades have ranged from 117.00 to 118.00 and dressed from 187.00 to 188.00. However, not enough for a full market trend. Last week live trades were from 118.00 to 120.00 and dressed were from 188.00 to 192.00.

Negotiated Sales: Confirmed: 11,385      Week Ago: 2,564       Year Ago: 1,155

Negotiated Prices - Slaughter Steers & Heifers:
Live Basis              Steers                                       Heifers
Dressed Basis
Not enough trades for a market trend.

Formula Purchases: Net - Dressed
Head count priced today: 28,700
Weighted avg weight:            859
Weighted avg net price:   192.91

Alberta Beef Producers Daily Report:  Alberta direct cattle sales Wednesday saw no new trade to report but the market tone is lower. Dressed bids have been reported from 234.00-238.00 delivered. Initial bids are 5.00-6.00 lower than the previous week. No live bids have been reported however using a 60% dressing percentage, dressed bids are working back to the low 140's on a live basis. There have been a few cattle that have been passed or carried over for the past few weeks that may have to move this week.

Livestock Slaughter under Federal Inspection:
                                 Cattle        Calves   Hogs        Sheep
Thursday  (est)        118,000     1,000      443,000      8,000
Week ago (est)       115,000     1,000      439,000      8,000
Year ago (act)         111,000     1,000      416,000      7,000
Week to date (est) 467,000     7,000   1,743,000    33,000
Last Week (est)      462,000     7,000   1,738,000    31,000
Last Year (act)        448,000     7,000   1,704,000    31,000

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

Cutout Values...            Choice        Select
Current Cutout Values:    206.43        196.66
Change from prior day:     -0.64            -1.21
Choice/Select spread:       9.77

Cattle Futures Summary: Live cattle futures came back to post steady to 90 cent gains on Thursday. Feeder cattle futures were up $1.35 to $1.875. The CME feeder cattle index was down 27 cents from the previous day at $151.30 on July 26. Wholesale beef prices were lower in the afternoon report, with choice boxes down 64 cents at $206.43 and select $1.21 lower at $196.66. Estimated FI cattle slaughter through Thursday was 467,000 head, 5,000 head abov e last week and 19,000 head larger than same week last year. Few if any cash sales were reported today, with Wednesday trade mostly $117-$118 in the North. Beef export sales were reported at 13,934 MT this morning, a 12.7% improvement over last year but 32.7% behind a year ago. Export shipments for beef came in at 15,476 MT, 4.9% larger than last week and 7.7% above last year.

August Live Cattle Futures: 114.30...Unchanged

October Live Cattle Futures: 113.57...+0.20

December Live Cattle Futures: 114.40...+0.43

August Feeder Cattle Futures: 147.82...+1.35

Sept Feeder Cattle Futures: 148.95...+1.88

October Feeder Cattle Futures: 148.25...+1.73

CME Feeder Cattle Index: 151.30...-0.27

For daily news, check TCR's "Cattle Industry News"

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August Lean Hog Futures: 82.25...+0.25

National Grain Market Summary: Compared to yesterday, cash bids for wheat, corn, and soybeans were higher.  Weather still remains a driving factor in today’s market.  Yesterday’s precipitation did not quite meet expectations for the Corn belt region.  The extended forecast is calling for slightly cooler temperatures however, which limited gains.  Export sales for last week totaled 3.6 million bushel of corn, 11.1 million bushels of soybeans and 18.3 million bushels of wheat.

Kansas City Corn: 3.48...+0.02

Kansas City Soybeans: 9.70...+0.06

Kansas City Wheat: 4.42...+0.06

Sept Corn Futures: 3.7425...+0.0150

Aug Soybean Futures: 9.9475...+0.0600

Sept Wheat Futures: 4.7975...+0.0200

Nearby Crude Oil Futures Contract: 49.04...+0.29

Dow Jones Industrial Average: 21,797.95...+86.94

NASDAQ: 6,382.19...-40.56

U.S. Dollar Index: 93.92...+0.42

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

Roanoke Stockyard - Roanoke AL...
Receipts:  794    Last Week:  924    Year Ago:  1056
Compared to a week ago: Slaughter cows and bulls sold 2.00 to 3.00 higher. Replacement cows and pairs sold mostly steady. Feeder classes sold steady to 2.00 lower.

Russell Springs Livestock Auction - Frankfort KY...
Receipts: 677    Last week: 210    Last year: 538
Compared to last week: Feeder steer and heifers calves sold steady with instances of 3.00 higher with good demand. Todays offering consisted of many strings of fancy preconditioned calves. Yearling steers and heifers not fully tested.

Springfield Livestock Auction - Springfield MO...
                              Receipts       Week Ago        Year Ago
Total Receipts:        959               1,088               1,620
Feeder Cattle:    959(100%)   1,088(100%)   1,620(100%)
Compared to last week, steers and heifers fully steady.  Holsteins firm to 5.00 higher compared to a limited test two weeks ago.  Demand moderate to good, supply light.

Green Forest Livestock Auction - Green Forest AR...
Receipts:  430          Last week:  629              Last year:  517
Compared to last week: Feeder steers steady to 2.00 higher. Feeder heifers 1.00-5.00 lower. Feeder bulls steady to 2.00 higher instances 8.00 higher. Slaughter cows steady to 1.00 higher.

Southern Oklahoma Livestock Auction - Ada OK...
Receipts:  2,004    Last Week:  1,520    Year Ago:  884
Compared to last week: Steer and heifer calves steady to 2.00 lower. No recent test on yearlings for comparison. Overall quality plain to attractive, mostly average.

Athens Livestock Auction - Athens GA...
Receipts:  661    Last Week:  768    Year Ago:  630
Compared to one week earlier, slaughter cows and bulls steady to 3.00 higher, feeder steers and bulls steady to 3.00 higher, steer and bull calves steady to 2.00 higher,

Lucedale Livestock Auction - Lucedale MS...
Receipts     This week    657       Last Week    865
Compared to last week slaughter cows trended 1.00 to 4.00 Higher. Slaughter bulls trended Steady. Feeder steers trended 1.00 to 15.00 Higher. Feeder heifers trended 1.00 to 8.00 Higher.

OKC West - El Reno OK...
                              Receipts          Week Ago          Year Ago
Total Receipts:       7,246                 8,476                7,500
Feeder Cattle:   7,246(100%)   8,476(100%)   7,500(100%)
***Final report*** Compared to last week:  Feeder steers sold mostly 6.00-8.00 lower with most declines being on heavier weight cattle.  Feeder heifers traded 2.00-4.00 lower.  Steer and heifer calves were lightly tested compared to last week, however a lower undertone was noted on comparable offerings.

Savannah Cattle Auction - Savannah TN...
Receipts: 659     Last week: 1205     Last year: 528
Compared to the same sale last week, Slaughter cows 2.00 lower. Bulls steady. Steers under 550 lbs 2.00 to 5.00 higher, over 550 lbs steady to 2.00 higher. Bulls under 600 lbs 2.00 to 6.00 higher, over 600 lbs steady.

Norwood Livestock Auction - Norwood NC...
Receipts:  613          Last Week: 550       Last Year: 258
Compared to last week, slaughter cows were 4.00 lower with bulls 3.00 lower.  Feeder steers were 3.00 to 4.00 lower with bulls and heifers steady.  Moderate demand, buyer activity and offerings.

Vienna Livestock Auction - Vienna MO...
Receipts:  1006    Week Ago:  397    Year Ago:  614
Feeder steers 2.00-5.00 higher with few comparable sales available from last week. Feeder heifers steady to 2.00 higher. Slaughter cows firm to 2.00 higher. Supply moderate. Near 4 percent of the offering were cows and 60 percent of the feeders were over 600 lbs.

Clovis Livestock Auction - Clovis NM...
Receipts:  1391            Week Ago: 1142           Year Ago: 1655
Compared to a week ago:  Feeder stars and heifers 1.00 to 3.00 lower except 600-700 lb steers instances 1.00 higher.  Slaughter cows steady to 2.00 lower; bulls mostly steady.

St. Joseph Feeder Cattle Auction - St. Joseph MO...
                                       Receipts       Last Reported  Year Ago    (7/17/2017)
Total Receipts:                  943                    45                 990
Feeder Cattle:            943(100%)             0(0%)           990(100%)
Slaughter Cattle:              0(0%)              33(73%)         0(0%)
Replacement Cattle:       0(0%)              12(27%)         0(0%)
***MID-SESSION/CLOSED***   Compared to two weeks ago, steers under 600 lbs sold mostly steady on comparable sales; 600-800 lb steers with heavier offerings this week are traded with a firm to higher undertone, with a pot load of 885 lb steers trading 5.00 higher.

Bassett Livestock Auction Market - Bassett NE...
Receipts:  2830 Two weeks ago: 8045 Last year: 2425
Compared with two weeks ago 650 and 750 lbs steers traded 2.00 to 3.00 lower and 850 to 1000 lbs steers traded steady to 4.00 higher.

Huss Platte Valley Auction - Kearney NE...
Receipts:  2502    Last Week:  3906    Year Ago:  1948
Compared to two weeks ago, 900-950 lbs steers sold steady and 850-900 lbs heifers sold steady to 5.00 higher. Around 400 head of slaughter cows and bulls along with fall bred cows are included in the receipts.

Updated daily Monday thru Friday around 4:00 PM CST

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

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