Daily Market Summary for December 13th
Updated Monday thru Friday around 4:00 PM CT
10-Day & 60-Day Market Trendlines
Daily Market Summary for December 13th
As of 3:00 PM, trade was mostly inactive on light demand in all feeding regions. Thus far for the week, in the Western Cornbelt, a few live and dressed purchases have traded at 117.00 and 187.00, respectively. However, not enough for a full market trend. Last week in the Southern Plains and Nebraska live purchases traded mostly at 119.00 with dressed purchases in Nebraska at 187.00. For the prior week in the Western Cornbelt live purchases traded mostly at 116.00 with dressed purchases ranging from 185.00-187.00.
Confirmed: 240 Week Ago: 1,149 Year Ago: 764
Formula Net - Dressed Steers & Heifers
Head count priced today: 19,800
Weighted avg weight: 874.00
Weighted avg net price: 189.74
Alberta Beef Producers Daily Report:
Alberta direct cattle sales Wednesday saw no new trade to report and not even a bid to speak of. Lots of yearling that were bought during August and September have breakevens on either side of 165.00. It is safe to say with fed prices hovering in the low 150's, few if any yearlings will be sold ahead of schedule. Packers will need to buy some cattle before the week is through Fed prices are expected to be steady to higher this week.
Livestock Slaughter under Federal Inspection:
Cattle Calves Hogs Sheep
Thursday (est 122,000 2,000 476,000 9,000
Week ago (est) 121,000 2,000 471,000 9,000
Year ago (act) 118,000 2,000 465,000 9,000
Week to date (est) 483,000 8,000 1,911,000 35,000
Last Week (est) 481,000 8,000 1,893,000 34,000
Last Year (act) 472,000 9,000 1,863,000 34,000
Boxed beef cutout values steady to weak on light to moderate demand and moderate offerings. Select and Choice rib, chuck, and loin cuts steady to weak while round cuts steady to firm. Beef trimmings mostly sharply lower on light demand and moderate offerings
Cutout Values... Choice Select
Current Cutout Values: 212.47 201.00
Change from prior day: +0.22 -0.57
Choice/Select spread: +11.47
CME Feeder Cattle Index: 146.40… +1.43
December: 119.45… +0.33
February: 122.85… -0.05
April: 124.80… -0.10
January: 147.97… +0.40
March: 145.92… +0.65
April: 146.50… +0.90
March Corn: 3.8425… -0.0100
January Soybeans: 9.0700… -0.1300
March Wheat: 5.3600… +0.0950
February Hogs: 64.82… -0.88
January Crude Oil: 52.58… +1.43
Dow Jones Industrial Average: 24,597.38… +70.11
S & P 500: 2,650.54… -0.53
NASDAQ: 7,070.33… -27.98
U.S. Dollar Index: 97.07… +0.07
Wednesday Auction Reports...
Receipts Week Ago Year Ago
2,054 2,636 1,727
Compared to last week, steers 5.00 to 10.00 higher, except 500 weights steady, heifers under 650 lbs 3.00 to 5.00 higher, over 650 lbs steady. Holsteins compared to two weeks ago, steady to 4.00 higher. Demand good, supply moderate. Feeder cattle offering more manageable after two weeks of heavy receipts. Feeder cattle supply included 32 percent Steers, 16 percent Dairy Steers, 39 percent Heifers, and 12 percent Bulls. Feeder cattle supply over 600 lbs was 48 percent.
Receipts: 1,650 Last Week: 2,525 Year Ago: 1,364
Compared to last week: Steers under 550 lbs and heifers under 500 lbs. 3.00-6.00 higher, heavier weights 2.00-4.00 higher. Demand was good for weaned calves, moderate for unweaned. Overall quality average to attractive with many weaned calves offered. More cold, wet weather is forecast for the next two days. Heifers made up 49 percent and cattle over 600 lbs 29 percent of supply.
Receipts: 787 Last week: 1074 Last year: 826
Compared to the same sale last week, Slaughter cows and bulls steady. Steers under 600 lbs 2.00 to 10.00 higher, over 600 lbs 2.00 to 6.00 lower. Heifers steady to 4.00 lower. Bulls under 650 lbs 4.00 to 10.00 higher, over 650 lbs mostly steady. Quality fair to good. Demand moderate.
Receipts: 829 Last week: 568 Last year: 545
Compared to last week: Feeder steers 3.00-4.00 higher and heifers calves steady to 2.00-3.00 higher. Slaughter cows steady 1.00 lower and Slaughter bulls 1.00 higher. 18 Replacement cattle, 49 slaughter cattle, 762 feeder cattle. Slaughter cows made up 5 percent of the offering, slaughter bulls 1 percent, replacement cows 2 percent, and feeders 92 percent. The feeder supply included 62 percent steers, 28 percent heifers, and 10 percent bulls. Near 62 percent of the run weighed over 600 lbs.
Receipts: 403 Last Week: 442 Year Ago: 425
Compared to one week ago, slaughter cows steady to 3.00 lower, bulls lightly tested, feeder steers, heifers and bulls lightly tested, steer and bull calves steady to 3.00 lower, heifers and replacement cows unevenly steady.
Receipts Week Ago Year Ago
1,178 1,457 0
Compared to last week: Slaughter cows and bulls steady. Feeder steers, bulls, and heifers steady to 5.00 higher. Feeder cattle supply included 53 percent Steers, 40 percent Heifers, and 8 percent Bulls. Feeder cattle supply over 600 lbs was 2 percent.
Receipts: 405 Last Week: 1099 Year Ago: 709
Compared to one week earlier, slaughter cows and slaughter bulls mostly steady, feeder steers and steer calves lightly tested, feeder bulls and bull calves 2.00 to 3.00 lower, feeder heifers and heifer calves 3.00 to 5.00 lower, replacement cows unevenly steady.
Receipts: 471 Last Week: 400 Year Ago: 457
Compared to last week slaughter steers and heifers were steady to 2.00 higher with a good offering of slaughter steers and heifers. Slaughter cows were 2.00 to 4.00 lower with slaughter bulls 5.00 lower. Feeder steers and heifers were sharply higher with feeder bulls steady to 6.00 lower.
Receipts: 3237 Last Week: 5101 Year Ago: 2945
***Close*** Compared to last week: Feeder steers 650-700 lbs steady to 3.00 higher. Feeder heifers 600-800 were 1.00 to 5.00 lower. A heavy supply of weaned calves were offered today. Steer calves 500-550 lbs were 4.00 to 6.00 lower. Heifer calves 400-450 lbs were steady to 5.00 higher. Buyers discounted calves that were short-weaned and un-vaccinated. Slaughter cows sold mostly steady to 1.00 higher. Bulls sold 1.00 higher on limited offerings. Overall, demand good to very good, quality average to mostly attractive. Feeder supply 45 percent steers, 50 percent heifers, 05 percent bulls, with 57 percent over 600 lbs.
Receipts: 1,599 Last Week: 7,617 Year Ago: 2,262
Compared last Friday's sale(12/07/18): Last Wednesday was the blue ribbon sale so all comparisons this sale are to Fridays sale. Steer and heifer calves were all too lightly tested to develop an accurate market trend, however mostly lower undertones were noticed on all calves on offer. Calf quality this sale was mostly plain. Most calves were coming straight off the cow and very few calves had vaccination information. Demand for calves was light for light offerings.
Receipts This week 724 Last Week 662
Compared to last week slaughter cows trended 1.00 to 6.00 Higher. Slaughter bulls trended 1.00 to 4.00 Higher. Feeder steers trended 1.00 to 12.00 Higher. Feeder heifers trended 1.00 to 10.00 Higher. Feeder consisted of 50 percent steers and 50 percent heifers. Receipts weighing under 600 lbs 53 percent over 600 lbs 6 percent. Total receipts were made up of 59 percent feeders, 5 percent slaughter cows and 36 percent Pairs/Replacements.
Receipts: 2049 Last Week: 1267 Year Ago: 828
Compared to last Wednesday, feeder steers 5.00-8.00 higher. Feeder heifers under 500 lbs 6.00-12.00 higher, over 500 lbs 3.00-6.00 higher. Slaughter cows steady to 2.00 lower. Demand good. Supply heavy. Near 7 percent of the offering were cows and 62 percent of the feeders were over 600 lbs. Feeder supply approximately 57 percent steers and bulls and 43 percent heifers. The feeder market is a new ball game this week after struggling under the weight of big receipts and poor weather last week. Several factors are helping the market with better weather, solid futures including a new April live cattle contract high and the eminent dwindling of numbers for 2018.
Receipts: 3068 Last Week: 4550 Year Ago: 3092
Compared to Saturday: best test on steer and heifer calves 500 to 650 lbs mostly steady. No yearling cattle on Saturday to compare to today. Good to very good demand for both yearlings and calves today. The receipts were almost an even split with half of the offering in calves and half in yearlings. A couple of strings and a handful of loads made up the majority of the yearling offering. Flesh on yearlings mostly moderate plus. Just a couple loads and many packages making up today's calf offering.
Receipts: 5726 Last Week: 2034 Year Ago: 5440
Compared to last week’s light test, steers sold 3.00 to 6.00 higher and heifers sold 2.00 to 4.00 higher. Demand was good from start to finish with several buyers staying to end filling their loads. Most advance was on longtime weaned cattle. Several long strings of longtime weaned and bawling calves on hand Wednesday. Some cattle showing a tick of tag (mud) from the resent moisture in the trade area. Wednesday supply comprised 60 percent steers with near 70 percent of the run over 600 lbs. Special Bred Heifer and Cow sale on Monday 17th and Special Calf and Feeder sale on Wednesday the 19th.
Receipts: 977 Last week: 1397 Last year: 880
Compared to last week: Feeder steers and bulls 2.00-15.00 higher mostly 4.0010.00 higher. Feeder heifers 4.00-8.00 higher. Slaughter cows 1.00-4.00 higher. Slaughter bulls steady. Supply included about 643 feeder calves, 200 feeder yearlings, 10 replacement cows, 99 slaughter cows, and 25 slaughter bulls. The feeder supply included 32 percent steers, 50 percent heifers, and 18 percent bulls. Near 31 percent of the run weighed over 600 lbs.
Receipts: 1545 Last Week: 2319 Year Ago: 1810
Compared to a week ago: Slaughter cows sold 2.00 to 5.00 higher, bulls sold steady. Replacement cows and pairs sold steady. Feeder classes sold 4.00 to 9.00 lower. The supply consisted of 4 percent slaughter cows, 1 percent bulls, 5 percent replacement cows and pairs, and 90 percent feeders. The feeder supply included 19 percent steers, 40 percent heifers, and 41 percent bulls. Near 22 percent of the run weighed over 600 lbs.
Receipts: 4066 Last Week: 3420 Year Ago: 4128
Compared to last week feeders traded higher with feeder steers 500 to 550 lbs. 15.00 higher, 550 to 6.00 lbs. were 8.00 higher, 600 to 650 lbs. were 6.00 higher, 650 to 700 lbs. were 8.00 higher and 700 to 750 lbs. were 6.00 higher. Feeder heifers 500 to 550 lbs were 6.00 higher, 550 to 600 lbs were steady, 600 to 650 lbs. were 7.00 higher and 650 to 700 lbs. were steady to 1.00 higher. Good demand for today’s offering. Many weaned calves in today’s offering with shots. 65 percent steers and 35 percent heifers in today’s offering. 52 percent were over 600 lbs.
Receipts: 810 Last Week: 740 Year Ago: 537
Compared to one week earlier, slaughter cows steady to 2.00 higher, slaughter bulls steady to 2.00 higher, feeder steers mostly steady, feeder bulls 1.00 to 2.00 higher, feeder heifers 2.00 to 3.00 lower, steer calves lightly tested, bull calves steady, heifer calves steady, replacement cows unevenly steady.
Receipts Week Ago Year Ago
2,921 3,675 3,133
***CLOSE*** Compared to last week, steer calves sold 4.00 to 8.00 higher, with the exception of the light 6-weight steers being 10.00 to 12.00 higher. Heifer calves 500-550 lbs sold 8.00 to 10.00 higher and heifers under 450 lbs were very limited comparison. All other weights of heifers sold steady to 5.00 higher. Demand moderate to good depending on condition and quality of the offering. Bulk of supply calves weighing 450-700 lbs. Warmer temperatures and little to no moisture in the immediate forecast is a welcome sight so farmers in the trade area can get harvest finished up before Christmas.
Receipts: 5235 Last week: 2195 Last year: 3800
Compared with last week 500 to 650 lbs steer traded unevenly steady and 550 lbs. heifers traded 10.00 higher. Demand was good with several buyers today. Warmer weather in the area. Feeders made up 100 percent of the offering. The feeder supply included 84 percent steers, and 16 percent heifers. Near 52 percent of the run weighed over 600 lbs.
Receipts Week Ago Year Ago
6,277 12,699 10,970
*** Final report *** Compared to last week: Feeder steers sold 5.00-6.00 higher, few trades of 850 plus steers as much as 8.00 higher. Feeder heifers traded 3.00-4.00 higher. Heavier weight cattle are still in very good demand as the opportunity to for buyers to see cattle that can go against the April contract becomes more and more limited. Demand good. Quality average to mostly attractive. Weaned steer and heifer calves sold 2.00-4.00 higher, long weaned attractive calves traded with a much higher undertone. Demand good to very good. Quality average to attractive. Much more seasonal temperatures have finally arrived. Feeder cattle supply included 58 percent Steers, 0 percent Dairy Steers, 40 percent Heifers, and 2 percent Bulls. Feeder cattle supply over 600 lbs was 74 percent.
Receipts: 1403 Last Week: 2618 Year Ago: 790
Compared to last week: Steer calves under 600 lbs 2.00-3.00 lower except 300-400 lbs 2.00 higher; over 600 lbs 2.00-5.00 higher. Heifers mostly 2.00-5.00 higher except 400-500 lbs steady. Slaughter cows steady to 1.00 higher. No comparison on bulls due to limited receipts. Bulk supply Medium and Large 1-2 300-700 lb feeder steers and heifers. Slaughter cows 6 percent of the offering, slaughter bulls less than 1 percent, bred cows 3 percent, and pairs less than 1 percent and feeders 90 percent. In the feeder supply, steers made up approximately 40 percent of the run; feeder bulls 8 percent; heifers 52 percent; steers and heifers over 600 lbs total 12 percent.
Receipts: 887 Last Week: 1759 Year Ago: 1720
Compared to last week: Feeder steers 550-800 lbs. traded 3.00-5.00 higher on a light test, other weights not tested. Feeder heifers 550-750 lbs. sold 1.00-3.00 higher, also on a light test. Other weights not tested. Light offering of feeder calves which were all sold in small packages. Few yearlings. Calves ranged from plain to attractive, Most were weaned and had two rounds of shots. Flesh conditions were mostly moderate. Good demand early on, moderate later in the day. Included in the run were 53 percent steers, 47 percent heifers. 56 percent over 600 lbs.
Receipts: 1288 Two weeks ago: 509 Last Year: 1041
Compared to two weeks ago, slaughter cows were mostly 1.00 higher with bulls 6.00 higher. Feeder cattle were mostly 2.00 to 6.00 higher. Moderate demand, buyer activity and offerings. Quality of cattle plain to average. Slaughter cows made up 17 percent of the offering, slaughter bulls 3 percent, replacement cows 10 percent, other cows 3 percent, and feeders 67 percent. The feeder supply included 36 percent steers, 41 percent heifers, and 23 percent bulls. Near 18 percent of the run weighed over 600 lbs.
Receipts: 452 Last Sale: 168 Last Year: 615
Sale was not reported last week so no trend available. Wednesday's supply included 51 fresh milking cows, 4 springing cows, 7 bred cows, 97 springing heifers, 110 bred heifers, 177 open heifers, and 6 bulls. One hundred percent of reported supply Holsteins unless otherwise noted. All sales sold on a per head basis.
Receipts: 1886 Last Week: 2656 Year Ago: 1020
Compared to a week ago: Slaughter cows and bulls sold 1.00 to 2.00 higher. Feeder cattle sold steady to 4.00 lower . Replacement cows steady. Supply consisted of 5 percent slaughter cows, 5 percent bulls, 1 percent replacement cows and pairs and 89 percent feeder cattle. The feeder supply included 34 percent steers, 17 percent bulls and 49 percent heifers. Near 16 percent of the run weighed over 600 lbs.