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Slaughter Cattle: Trading was light in Iowa/Minnesota with light demand and mostly inactive in all other regions. Not enough sales reported to establish a market trend. Last week live sales traded from 96.50-98.00 and dressed sales sold from 153.00-155.00.
Terminal Markets: Sioux Falls Slaughter Cattle - Slaughter steers and heifers mostly 1.00 lower. Steers: Choice 2-3 1220-1315 lbs 93.00-94.00, no implants 1300 lbs 95.30.
Negotiated
sales:
Confirmed:
3,754 Week ago: 11,516
Year ago: 3,502
Week to Date:
8,549 Week ago: 180,042
Year ago: 7,758
Negotiated
prices paid for Slaughter Steers and Heifers:
Live basis
Steers
Heifers
Over 80% Choice
-
-
65 - 80% Choice
95.00-95.50 avg 95.45
-
35 - 65% Choice
94.00-94.00 avg 94.00 94.00-94.00
avg 94.00
0 - 35% Choice
-
-
Total all grades
94.00-95.50 avg 95.31 94.00-94.00 avg 94.00
| Formula purchases: | Today... | Previous Day... |
| Head count
priced today:
Weighted avg weight: Weighted avg net price: |
7,900
807 156.27 |
8,200
825 160.56 |
Cattle Slaughter under Federal Inspection:
Thursday (est) 126,000
Week ago (est) 126,000
Year ago (act) 127,000
Week to date (est) 500,000
Same Period Last Week (est) 500,000
Same Period Last Year (act) 499,000
Boxed
Beef: Boxed beef cutout values were sharply lower on light to moderate
demand and moderate to heavy offerings. Select and Choice chuck and round
cuts were weak while rib and loin cuts were sharply lower. Beef trimmings
were generally steady on moderate demand and offerings.
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Est. Weekly Meat Production Under Federal Inspection: Total red meat production under Federal inspection for the week ending Saturday, July 19, 2008 was estimated at 958.9 million lbs. according to the U.S. Department of Agriculture's Marketing Service. This was 1.0 percent lower than a week ago and 3.8 percent higher than a year ago. Cumulative meat production for the year to date was 5.2 percent higher compared to the previous year.
August Live Cattle Futures: $98.55...+0.40
October Live Cattle Futures: $105.95...+0.45
December Live Cattle Futures: $108.30...+0.37
August Feeder Cattle Futures: $112.37...-0.22
September Feeder Cattle Futures: 112.35...+0.05
October
Feeder Cattle Futures: $113.60...-0.15
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August
Crude Oil Futures Contract: $125.49...+1.05
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CME Feeder Cattle Index: 111.45...+0.07
Report Estimates...
Estimates
for Friday's Cattle on Feed & Inventory reports were released and
are as follows; on feed July 1, 95.5%, placed during June, 91.8%, and marketed
during June, 95%. The inventory report is expected to show all cattle and
calves, 99.3%, annual calf crop, 99.4%, total cow numbers, 99.2%, with
beef cows pegged at 98.8% and milk cows estimated at 100.6%. Beef replacement
heifers are estimated to be at 96.1% of a year ago.
Wednesday Auction Results...
"Click" on
individual auction links for
complete report...
Batesville
Stockyards - Charolette, AR...
Receipts: 690
Last Week: 537 Year Ago: 458
Compared to
last week: Slaughter cows steady to 2.00 higher. Slaughter bulls near steady.
Feeder steers sold steady to 2.00 lower, heifers sold about steady.
Clovis
Livestock Auction - Clovis, NM...
Receipts: 1137
Last Week: 870 Last Year: 1224
Compared to
last week: Feeders steers and Heifers unevenly steady. Slaughter cows 2.00-3.00
lower and bulls steady on limited receipts. Trade active demand good.
OKC
West - El Reno, OK...
Actual Receipts:
4108 Last Week: 6728
Last Year: 3945
Compared to
last week: Feeder steers steady to 3.00 higher, most advance on 9
weights. Feeder heifers steady to 2.00 higher. Demand very
good for feeder cattle especially the heavier weights. Steer and
heifer calves not well tested.
Clifton
Livestock Commission Co. - Clifton, TX...
Cattle and Calves: 931
Week Ago: 1,008 Year Ago: 1,056
Compared to last week: Feeder steers
steady except 600-900 lbs 2.00 higher. Feeder heifers mostly steady, instances
1.00-2.00 lower. Slaughter cows and bulls steady. Trade and
demand good on all classes.
Lampasas
Cattle Auction - Lampasas, TX...
Cattle and
Calves: 1,113 Week Ago: 1,193 Year
Ago: 412
Compared to
last week: Feeder steers and heifers steady to firm. Slaughter cows
and bulls 1.00-3.00 lower. Trade and demand good.
South
Central Regional Stockyards - Vienna, MO...
Cattle receipts:
618 week ago 1517 year ago 1465
Compared to
last Wednesday, feeder steers and heifers steady. Slaughter cows steady
to 1.00 higher. Supply light.
Winter
Livestock Auction - Dodge City, KS...
Receipts: 3108
Last Week: 3256 Last Year: 2701
Compared with last week: steers 700-950
lbs firm to 1.50 higher, full advance on 800-900 lbs with thin flesh and
favorable weighting conditions. Heifers 700-900 lbs not enough for a market
test, few sales firm; steers and heifers 700 lbs and under steady in a
very limited supply.
Bassett
Livestock Auction - Bassett, NE...
Receipts: 1900
Two Weeks Ago: 10400 Year Ago: 2400
Compared to
the last sale, feeder steers and heifers trendedsteady. Strong demand
for 800 to 900 weight cattle. Buyer list was somewhat below normal.
Hub
City Livestock Auction - Aberdeen, SD...
Receipts:
2012 Last Week: 1591 Year Ago:
545
Compared to
last week feeder steers sold steady to 1.00 lower. Feeder heifers 700 lbs
and up sold unevenly steady. Heifers under 700 lbs, too few to test.
Public
Auction Yards - Billings, MT...
Receipts: 615
Last Week: 846 Year Ago: 349
Compared to
last week: Too few feeder steers and heifers offered today and last
week to allow comparisons. Demand moderate to good for yearlings,
moderate demand for calves. Slaughter cows steady to 2.00 higher,
slaughter bulls steady.
Russell
Springs Auction - Russell Springs, KY...
Cattle Receipts: 1008
For the week: 1065
Compared to last week: Feeder steer
calves 1.00 to 3.00 higher. Feeder heifer calves mostly steady with
500 pounds and up 2.00 higher. Yearling steers and heifers firm. Slaughter
cows and bulls 1.00 to 2.00 higher.
Turner
County Auctiion - Ashburn, GA...
Receipts:
950 Last Week: 1000 Year Ago:
963
Compared to one week ago slaughter
cows steady to 2.00 higher, slaughter bulls 2.00 higher, feeder steers
and heifers steady to 3.00 higher, feeder steer calves 2.00 to 4.00 higher,
feeder heifer calves steady to 2.00 higher.
Arcadia
Livestock Auction - Arcadia, FL...
Receipts:
1039 Last Week: 1193 Year Ago:
1151
Compared to
last week: Slaughter cows and bulls were 1.00 to 2.00 higher. Feeder steers
under 450lbs mostly steady over 2.00 to 3.00 lower with heifers mostly
2.00 to 3.00 lower.
Lucedale
Livestock Auction - Lucedale, MS...
CATTLE: 810 as compared to 794 last
week; Slaughter Cows 1-2
lower; Bulls Steady;
Feeder Steers 5-9 higher; Feeder Heifers 2-8 higher.
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August Pork Belly Futures: $71.32...+3.00
August Lean Hog Futures: $79.92...+1.32
Hogs: National direct trade barrows and gilts 1.11 higher with prices ranging from 70.75-82.50, weighted average price 79.69. At Sioux Falls, barrows and gilts sold steady with 49-51 percent lean 220-280 lbs at 57.50. At St. Joseph, barrows and gilts sold steady with 46-50 percent lean 240-280 lbs at 53.50-54.00.
Sheep: Centennial Livestock Auction - Ft. Collins, CO - Compared to last week: Slaughter lambs sold mostly steady on comparable kinds. Slaughter Lambs: Wooled Choice and Shorn 1-2 57 lbs 102.00; 70-80 lbs 103.00-105.00.
Daily National Grain Market Summary: Corn and wheat closed with slight gains on Thursday with soybeans closing lower. Wheat closed slightly higher as export sales were very strong at 610,000 tonnes. Corn closed slightly higher as export sales came in at 323,500 tonnes of old crop and 499,600 tonnes of new crop corn, near the high end of expectations. Soybeans were lower on fund selling with strong export sales this week at 183,000 tonnes of old crop and 552,400 tonnes of new crop, near the high end of expectations.
Kansas City Corn: $5.44...+0.01
Kansas City Wheat: $7.87...+0.05
Kansas City Soybeans: $13.88...-0.11
September Corn Futures: 5.73'0...+0.01'4
September Wheat Futures: 7.87'6...+0.04'4
September Soybean Futures: 13.73...-0.09'2
Dow Jones Industrial Average: 11,349.61...-282.77
NASDAQ:
2,280.11...-45.77
~ Additional reports at "Market Reports" & "Auction Results" ~
.~ Updated daily Monday thru Friday... Normally around 4:00 PM CST ~
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