Summary for Monday, March 27th:
Slaughter Cattle: Monday trading has been inactive on very light demand in the Texas Panhandle and Western Cornbelt. Not enough purchases for a market trend. In Kansas and the Northern Plains trading has been at a standstill. Last week in the Southern Plains live purchases were at 130.00. In Nebraska live purchases were from 133.00-134.50 and dressed from 210.00-215.00. For the prior week in Colorado live purchases were from 132.00-134.00. In the Western Cornbelt for the previous week saw live purchases from 132.00-133.00 and dressed from 210.00-215.00.
Negotiated Sales: Confirmed: 747 Week Ago: 1,332 Year Ago: 162
Prices - Slaughter Steers & Heifers:
Net - Dressed
Alberta Beef Producers Daily Report: Alberta direct cattle sales last week saw light trade develop with weighted average steer and heifer prices closing the week at 170.50 and 169.50 respectively. Prices are 3.00 higher than the previous week. The last time fed steer prices closed over 170.00 was February of last year. Looking at the non-fed market butcher cows and bulls traded steady to 2.00 higher through commercial auction facilities and new annual highs were also established.
under Federal Inspection:
Boxed Beef: Boxed beef cutout values lower on light to moderate demand and offerings. Choice rib, chuck, and round cuts steady to weak while loin cuts lower. Select chuck, round and loin cuts steady to weak while rib cuts lower. Beef trimmings unevenly steady on light demand and offerings.
Cattle Futures Summary: Live cattle futures posted losses of 62.5 cent to $1.40 on Monday. Feeder cattle futures were down $1.225 to $2.625 to start the week. The CME feeder cattle index was at $133.09 for 3/24, a gain of 63 c ents. Wholesale beef prices in this afternoon’s report were both lower, as choice boxes were down $1.71, to $219.91, and select lost $1.93, at $213.62. China, Egypt and Chile lifted their bans on Brazilian meat imports over the weekend after assurances that inspections issues had been corrected. Estimated FI cattle slaughter on Monday was 116,000 head unchanged from last week, but 18,000 head more than the same week in 2016.
April Live Cattle Futures: 121.07...-1.03
June Live Cattle Futures: 111.45...-1.40
August Live Cattle Futures: 106.77...-1.03
March Feeder Cattle Futures: 132.15...-1.22
April Feeder Cattle Futures: 133.10...-2.47
May Feeder Cattle Futures: 131.32...-2.48
Feeder Cattle Index: 133.09...+0.63
April Lean Hog Futures: 65.65...-1.62
National Grain Market Summary: Compared to Friday, Wheat and Sorghum traded lower, with Soybeans and Corn trading mixed. US Corn demand remains good with USDA reporting just over 61 million bushels inspected for export last week. US soybean exports are taking a hit as Brazilian crop enters the market. USDA reported approximately 22 million bushels of US soybeans were inspected for export last week, 7 million less than the week prior.
Kansas City Corn: 3.36...Unchanged
Kansas City Soybeans: 9.31...+0.04
Kansas City Wheat: 3.76...-0.07
May Corn Futures: 3.5575...-0.0050
May Soybean Futures: 9.7150...-0.0425
May Wheat Futures: 4.2075...-0.0400
Nearby Crude Oil Futures Contract: 47.73...-0.24
Dow Jones Industrial Average: 20,550.91...-45.81
U.S. Dollar Index: 99.19...-0.51
National Stockyards - Oklahoma City OK...
Regional Stockyards Feeder Cattle Auction - Carthage MO...
County Commission - Carthage TN...
Wtd Avg Cattle (Fri) - Apache OK...
Green Livestock Auction - Bowling Green MO...
Livestock Commission - Torrington WY...
Flat Livestock Auction - Ash Flat AR...
Livestock Auction - Springdale AR...
Livestock Market - Lexington, NE...
Although all information
is from sources believed to be accurate & timely,