Summary for Thursday, June 22nd:
Slaughter Cattle: Thursday in Kansas and Nebraska trading has been slow on light demand. In the Texas Panhandle, Colorado and Western Cornbelt trading has been very inactive on very light demand. Not enough purchases in any feeding region for a full market trend. The last fully reported market in the Southern Plains was on Wednesday with live trades from 112.00-123.00 in the Texas Panhandle. In Kansas live trades were mostly at 122.00. In the Norther Plains Wednesday was the last fully reported market. In Nebraska live trades were from 121.00-123.00 and dressed were from 193.00-198.00. In Colorado live trades were from 122.00-123.00. Last week was the last full reported market in the Western Cornbelt. Live trades were from 125.00-135.00 and dressed were from 200.00-215.00.
Negotiated Sales: Confirmed: 11,166 Week Ago: 7,694 Year Ago: 3,829
Prices - Slaughter Steers & Heifers:
Net - Dressed
Alberta Beef Producers Daily Report: Alberta direct cattle sales Wednesday saw no new trade to report but the market tone is lower. Dressed bids of 263.00 delivered have been reported, initial bids are 7.00 lower than the previous week. No live bids have been reported however using a 60% dressing percentage, dressed bids are working back to the mid to upper 150's on a live basis.
under Federal Inspection:
Boxed Beef: Boxed beef cutout values lower to sharply lower on light to moderate demand and offerings. Select and Choice chuck and round cuts steady to weak while rib and loin cuts weak to lower. Beef trimmings slightly to moderately lower on light demand and moderate offerings.
Cattle Futures Summary: Live cattle futures settled 57.5 cents to $1.15 lower on Thursday. Feeder cattle futures were down 35 cents to $1.20. The CME feeder cattle index was up 11 cents on June 21 at $148.18. Wholesale beef prices were sharply lower in the afternoon report, with choice boxes $2.54 low er at $242.88. Select was down $1.98, with an average of $216.92. After trading $121-$123 yesterday, a few sales of $120 were reported in KS today. Estimated FI cattle slaughter through Thursday was 465,000 head, 2,000 head fewer than last week and 17,000 head more than the same week a year ago. Beef export sales rose 95.6% over last week to 16,647 MT, which is an increase of 2.8% above last year. Shipments for that week ran shy of the previous week at 13,734 MT. Beef exported to the US from 5 Brazilian plants was suspended on Wednesday, as food quality and safety is in question. USDA has been reinspecting all beef shipments from Brazil since March. The USDA Cold Storage report showed May stocks down 10.57% from May 2016 and 9.94% lower than April at 412.872 million pounds.
June Live Cattle Futures: 118.62...-0.88
August Live Cattle Futures: 114.27...-1.08
October Live Cattle Futures: 112.00...-1.02
August Feeder Cattle Futures: 143.45...-1.20
Sept Feeder Cattle Futures: 142.97...-1.08
October Feeder Cattle Futures: 141.45...-0.87
Feeder Cattle Index: 148.18...+0.11
July Lean Hog Futures: 85.02...-1.05
National Grain Market Summary: Compared to yesterday, Wheat traded mixed, Corn, Soybeans, and Sorghum traded lower. More favorable weather conditions but bearish pressure on all grains and soybeans today. Anticipation of USDA reports being released next week may have also influenced trading today. The USDA said last week export sale for corn totaled 20.8 million bushels old crop and 4.9 million new crop. Soybean sales totaled 4.1 million bushels old crop, 100,000 bushels new crop. Wheat sales totaled 19.9 million bushels of old crop.
Kansas City Corn: 3.46...-0.06
Kansas City Soybeans: 8.94...-0.15
Kansas City Wheat: 4.31...Unchanged
July Corn Futures: 3.6275...-0.0600
July Soybean Futures: 9.0400...-0.1475
July Wheat Futures: 4.6125...-0.0325
Nearby Crude Oil Futures Contract: 42.74...+0.21
Dow Jones Industrial Average: 21,396.54...-13.49
Dollar Index: 97.55...Unchanged
Joseph Feeder Cattle Auction - St. Joseph MO...
Stockyard - Roanoke AL...
Springs Livestock Auction - Frankfort KY...
Livestock Auction - Springfield MO...
Forest Livestock Auction - Green Forest AR...
Oklahoma Livestock Auction - Ada OK...
Livestock Auction - Athens GA...
Livestock Auction - Lucedale MS...
West - El Reno OK...
Cattle Auction - Savannah TN...
Livestock Auction - Norwood NC...
Livestock Auction - Vienna MO...
Livestock Auction - Clovis NM...
Although all information
is from sources believed to be accurate & timely,