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Daily Market Summary for May 28th

Updated Monday thru Friday around 4:00 PM CT

See Entire Summary Below

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Daily Market Indexes & Trendlines Indicators of cattle/beef market strength 10-Day Index Trendline Compared to Previous Day: -0.32% Compared to 10 Days Ago: +3.01% Compared to 60 Days Ago: +0.58%​     60-Day Index Trendline Indexes track daily market values for the past 10 & 60 days. Each daily value is the weighted total of the Gain/(Loss) for 15 market factors compared to the previous trading day.

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Daily Market Summary for May 28th

Slaughter Cattle:

As of 3:00 PM Thursday in the Southern Plains, negotiated cash trading and demand have been moderate. In the Texas Panhandle, when compared to last week, live trades moved steady to 5.00 lower ranging from 115.00 to 120.00. In Kansas, when compared to the last reported market on Wednesday, the bulk of live trades moved 5.00 lower at 115.00, with a few up to 120.00. Thus far for Thursday in Nebraska and Western Cornbelt negotiated cash trading has been slow on light demand. In Nebraska, when compared to the last live trade market on Tuesday, live trades moved 5.00 to 7.00 higher from 119.00 to 120.00. A few dressed trades moved at 190.00. However, not enough for a market trend. In Nebraska Wednesday was the last reported dressed market with trades ranging from 178.00 to 190.00. In the Western Cornbelt a few dressed trades moved at 190.00. However, not enough for a market trend. The last reported live and dressed market was on Wednesday with live trades mostly at 115.00 and dressed trades mostly ranging from 178.00 to 185.00.                     

Negotiated Sales:

Confirmed:            31,801

Week Ago:               8,859

Year Ago:               20,782

Formula Net

Dressed Steers & Heifers:

Head count priced today:  13,300

Weighted avg. weight:       929 lbs.

Weighted avg. net price:    189.75

Cattle Slaughter under Federal Inspection:

Thursday (est)                    110,000

Week ago (est)                   103,000

Year ago (act)                     121,000

Week to Date                     330,000

Same Period Last Week   397,000

Same Period Last year     369,000

Previous Day (est)

Steers & Heifers:  87,000

Cows & Bulls:        23,000

Boxed Beef:

Cutout Values:

Choice: 369.56… -8.21

Select:  344.09… -6.11

Choice/Select Spread: 25.47

Total Load Count: 149

Cutter Cow Cutout:

237.80… -0.86

CME Feeder Cattle Index for May 27th:

127.02... +0.91

Futures…

Live Cattle:

June: 101.47… +0.67

August: 101.17… +0.45

October: 102.80… -0.05

Feeder Cattle:

August: 135.50… +1.48

September: 136.25… +1.18

October: 136.77… +0.85

July Hogs: 56.92… -3.25

July Crude Oil: 33.71… +0.90

July Corn: 3.2750… +0.0700

July Soybeans: 8.4700… -0.0150

July Wheat: 5.1450… +0.1000

Grain Cash Bids:

Kansas City Corn: 3.31… +0.07

Kansas City Soybeans: 8.36… -0.02

Kansas City Wheat: 4.95… +0.10

Financial Markets:

DJIA: 25,400.64… -147.63

S & P 500: 3,029.73… -6.40

NASDAQ: 9,368.99… -43.37

U.S. Dollar Index: 98.54… -0.52

Wednesday Auction Reports...

OKC West - El Reno OK

                         This Week   Last Reported   Last Year

Total Receipts: 7,075               14,957            1,300

Compared to last week: Feeder steers traded 2.00-6.00 higher with most advances being seen on heavier weight cattle. Feeder heifers sold 2.00-4.00 higher. Demand good to very good. Quality average to attractive. Live and Feeder Cattle contracts have posted positive gains all week sparking interest. Steer and heifer calves were too lightly tested for an accurate trend; however, a higher undertone is noted. Demand good. Quality plain to average. Supply included: 100% Feeder Cattle (62% Steers, 1% Dairy Steers, 36% Heifers, 0% Bulls). Feeder cattle supply over 600 lbs was 84%.

Blue Grass Stockyards - Albany KY

                       This Week   Last Reported

Total Receipts: 578                512

Compared to last week: Steers and heifers steady 2.00 higher. Slaughter cows and bulls steady. Moderate supply with good demand. Supply included: 94% Feeder Cattle (54% Steers, 38% Heifers, 8% Bulls); 4% Slaughter Cattle (56% Cows, 44% Bulls); 2% Replacement Cattle (80% Bred Cows, 20% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 58%.

Winter Livestock - Dodge City, KS

                        This Week   Last Reported   Last Year

Total Receipts: 2,173             2,639                 895

Compared to last week: Feeder Steers 750-850 lbs sold steady to 3.00 higher, above 850 lbs sold 2.00 to 3.00 lower. Feeder Heifers 650-700 lbs and 850-900 lbs sold 1.00 to 2.00 higher, 750-800 lbs sold steady to 1.00 lower. All other Feeder Heifers and Steers not enough comparable weights for an accurate market trend. Slaughter Cows and bulls sold 1.00 to 2.00 higher. Supply included: 92% Feeder Cattle (59% Steers, 41% Heifers); 8% Slaughter Cattle (84% Cows, 16% Bulls). Feeder cattle supply over 600 lbs was 94%.

Athens Livestock Auction - Athens GA

                       This Week   Last Reported   Last Year

Total Receipts: 516                 566                   620

Compared to one week earlier. Slaughter cows and bulls steady, feeder steers and steer calves steady, feeder bulls and bull calves mostly steady, feeder heifers and heifer calves steady, replacement cows lightly tested. Supply included: 78% Feeder Cattle (20% Steers, 42% Heifers, 39% Bulls); 20% Slaughter Cattle (85% Cows, 15% Bulls); 2% Replacement Cattle (100% Bred Cows). Feeder cattle supply over 600 lbs was 29%.

Lucedale Livestock Auction - Lucedale MS

                       This Week   Last Reported

Total Receipts: 791                 755

Compared to last week feeder steers were higher 3-8; feeder heifers were higher 2-8; feeder calf groups were weaned with shots and reported as 1-2s; slaughter cows were lower 1-3; slaughter bulls were steady Supply included: 65% Feeder Cattle (52% Steers, 48% Heifers); 6% Slaughter Cattle (84% Cows, 16% Bulls); 29% Replacement Cattle (57% Bred Cows, 43% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 19%.

Hardin County Stockyard - Savannah TN

                      This Week   Last Reported   Last Year

Total Receipts: 826                1,078                643

Compared to last week, Slaughter cows 3.00 higher. Slaughter bulls steady. Steers and bulls steady to 6.00 higher. Heifers 1.00 to 5.00 higher. Quality fair to fancy. Demand good. Supply included: 80% Feeder Cattle (57% Steers, 33% Heifers, 10% Bulls); 14% Slaughter Cattle (82% Cows, 18% Bulls); 6% Replacement Cattle (100% Bred Cows). Feeder cattle supply over 600 lbs was 49%.

Springfield Livestock Auction - Springfield MO

                        This Week   Last Reported   Last Year

Total Receipts: 1,640               1,750              1,350

Compared to last week, steer calves under 550 lbs steady to 2.00 higher, over 550 lbs steady, heifer calves 2.00 to 5.00 higher, yearlings steady. Holsteins compared to two weeks ago, steady to 5.00 higher. Demand moderate to good, supply moderate. The recent USDA Cattle On Feed report showed 95 percent On Feed, 78 percent Placements, 76 percent Marketed. Supply included: 100% Feeder Cattle (43% Steers, 16% Dairy Steers, 37% Heifers, 4% Bulls). Feeder cattle supply over 600 lbs was 27%.

Arcadia Livestock Auction - Arcadia FL

                      This Week   Last Reported   Last Year

Total Receipts: 754                883                 1,070

Compared to one week ago: Slaughter cows and bulls mostly steady. Feeder steers, bulls, and heifers steady to 2.00 higher. Supply included: 93% Feeder Cattle (59% Steers, 41% Heifers); 7% Slaughter Cattle (94% Cows, 6% Bulls). Feeder cattle supply over 600 lbs was 0%.

Southern Oklahoma Livestock Auction - Ada OK

                       This Week   Last Reported   Last Year

Total Receipts: 855                 1,371               1,890

Compared to last week: Feeder steers 3.00 to 6.00 higher. Feeder Heifers 1.00 to 2.00 lower under 550 lbs, over 550 lbs steady to 2.00 higher. Demand moderate to good. Quality average to attractive. Wet conditions in the trade area lowered receipts. Supply included: 100% Feeder Cattle (43% Steers, 49% Heifers, 9% Bulls). Feeder cattle supply over 600 lbs was 31%.

Hub City Livestock Auction - Aberdeen SD

                        This Week   Last Reported   Last Year

Total Receipts: 4,246               5,830             4,035

Compared to last week: best test on steers 700 to 1000 lbs mostly steady except 750 to 800 lbs 2.00 to 3.00 higher and 850 to 900 lbs not well compared. Best test on heifers 650 to 750 lbs 3.00 to 4.00 higher, 751 to 800 lbs mostly steady. Good to very good demand for another large offering of packages, loads, and strings today. Lighter cattle, including fall calves, continue to see very good demand as there are more options for these cattle and much feed inventory to be had. Replacement heifers also continue to sell with very good demand. Quality today similar to last week with many attractive quality cattle to choose from. Slightly more flesh on the cattle than last week with more in moderate to moderate plus flesh with some heavy flesh at times. An active market for the offering with good buyer attendance, a few less producers this week as many are trying to wrap up spring planting. Dry weather predicted for the area for the next week with temps climbing to the low 90's. Next feeder cattle sale is Wednesday, June 3. Supply included: 100% Feeder Cattle (72% Steers, 28% Heifers). Feeder cattle supply over 600 lbs was 93%.

Roanoke Stockyard - Roanoke AL

                       This Week   Last Reported   Last Year

Total Receipts: 867                 1,078                627

Compared to one week ago: Slaughter cows and bulls sold 1.00 to 3.00 higher. Replacement cows and pairs sold steady. Feeder classes sold 2.00 to 6.00 higher. Supply included: 73% Feeder Cattle (16% Steers, 46% Heifers, 38% Bulls); 16% Slaughter Cattle (83% Cows, 18% Bulls); 11% Replacement Cattle (13% Stock Cows, 50% Bred Cows, 37% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 22%.

South Central Regional Stockyards - Vienna MO

                       This Week   Last Reported   Last Year

Total Receipts: 562                1,953                357

Feeder supply not sufficient to establish a market trend. Slaughter cows steady. Light offering with a nice run expected next week. Futures are trading higher so far this week, underpinned by the pull of the June live contract this is still nearly 20.00/cwt discount to Wednesdays limited cash fed cattle trade at 120.00. A special cow sale followed the feeders with some nice young fall calving cows in the mix. Supply included: 49% Feeder Cattle (31% Steers, 33% Heifers, 36% Bulls); 33% Slaughter Cattle (97% Cows, 3% Bulls); 18% Replacement Cattle (96% Bred Cows, 4% Bred Heifers). Feeder cattle supply over 600 lbs was 23%.

Stanly County Livestock Exchange - Norwood, NC

                       This Week   Last Reported

Total Receipts: 613                  278

Compared to last week, slaughter cattle were mostly steady. Feeder cattle were mostly 4 to 8 higher. Demand was moderate; market activity and buyer interest were moderate. Offerings of cattle were moderate. Cattle quality was average. Supply included: 71% Feeder Cattle (27% Steers, 39% Heifers, 33% Bulls); 26% Slaughter Cattle (90% Cows, 10% Bulls); 2% Replacement Cattle (8% Bred Cows, 92% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 22%.