Summary for Monday, February 27th:
Slaughter Cattle: Monday trading has been at a standstill in all major feeding regions. Last week in theSouthern Plains and Nebraska live purchases traded from 124.00-125.00 and dressed purchases, inNebraska, traded at 196.00. For the prior week in Colorado live purchases traded mostly at 125.00. In the Western Cornbelt for the previous week live purchases traded from 123.00-125.00 and dressed at 196.00.
Negotiated Sales: Confirmed: 80 Week Ago: 179 Year Ago: 34
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 prices closing the week at 160.50. Prices were 2.00 higher than the previous week and in the process new annual highs were established. Looking at the non-fed fed market, butcher cows and bull through commercial auction facilities traded fully steady last week.
under Federal Inspection:
Beef: Boxed beef cutout values higher to sharply higher on
moderate to good demand and
Cattle Futures Summary: Chicago Mercantile Exchange live cattle futures reached their highest since late April 2016, driven by short-covering amid brisk wholesale beef demand, said traders. They said speculators bought deferred cattle contracts after Friday's U.S. Department of Agriculture monthly Cattle-On-Feed report proved less bearish than some had anticipated. February live cattle , which will expire on Tuesday, closed 1.625 cents per pound higher at 125.375 cents. Most actively traded April ended 0.550 cent higher at 115.500 cents. The morning's choice wholesale beef price surged $2.10 per cwt to $201.06 from Friday. Select cuts climbed $1.61 to $197.09, the USDA said.
February Live Cattle Futures: 125.37...+1.62
April Live Cattle Futures: 115.50...+0.55
June Live Cattle Futures: 105.62...+0.77
March Feeder Cattle Futures: 123.85...+2.15
April Feeder Cattle Futures: 123.55...+2.00
May Feeder Cattle Futures: 123.10...+2.03
Feeder Cattle Index: 127.06...-0.14
April Lean Hog Futures: 68.12...+0.10
National Grain Market Summary: Compared to Friday, cash bids for grain and soybeans were lower. South America’s favorable crop conditions continue to pressure the market. Both Brazil and Argentina are expecting light to moderate rain showers throughout the next 7 days. For the week-ending Thursday, February 23rd, weekly export inspections totaled 57.5 mb for corn, 25.9 mb for soybeans, and 19.8 mb for wheat.
Kansas City Corn: 3.41...-0.04
Kansas City Soybeans: 9.62...-0.03
Kansas City Wheat: 4.00...-0.09
March Corn Futures: 3.6025...-0.0375
March Soybean Futures: 10.1100...-0.0250
March Wheat Futures: 4.1875...-0.1250
Nearby Crude Oil Futures Contract: 54.05...+0.06
Dow Jones Industrial Average: 20,837.20...+15.68
Dollar Index: 101.14...-0.01
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...
Pierre Livestock Wtd Avg Report - Ft. Pierre SD...
Livestock Auction Market - Burwell, NE...
Although all information
is from sources believed to be accurate & timely,