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Daily Market Summary for Thursday, June 22nd:

TCR's Weekly Current & Projected Feedyard Closeout

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

Negotiated Prices - Slaughter Steers & Heifers:
Live Basis              Steers                                       Heifers
Dressed Basis
Not enough purchases in any feeding region for a full market trend.

Formula Purchases: Net - Dressed
Head count priced today: 20,100
Weighted avg weight:            846
Weighted avg net price:   212.51

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.

Livestock Slaughter under Federal Inspection:
                                Cattle         Calves   Hogs          Sheep
Thursday  (est)        116,000     1,000      432,000       8,000
Week ago (est)       117,000     1,000      433,000       8,000
Year ago (act)         114,000     1,000      424,000       8,000
Week to date (est)  465,000     7,000   1,723,000    30,000
Last Week (est)      467,000     7,000   1,710,000    28,000
Last Year (act)        448,000     7,000   1,686,000    32,000

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.

Cutout Values...            Choice        Select
Current Cutout Values:    242.88        216.92
Change from prior day:      -2.54           -1.98
Choice/Select spread:      25.96

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

CME Feeder Cattle Index: 148.18...+0.11

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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

NASDAQ: 6,236.69...+2.74

U.S. Dollar Index: 97.55...Unchanged

Wednesday Auction Reports...
"Click" on individual auction links for complete report
*Denotes Auction not reported by the USDA & linked to Auction's website

St. Joseph Feeder Cattle Auction - St. Joseph MO...
                           Receipts          Week Ago     Year Ago
Total Receipts:      442               1,214                 68
Feeder Cattle:  442(100%)  1,214(100%)  68(100%)
***CLOSE***  Compared to last week,  there were not enough sales for a full market test.  The closest comparison for steers being  those weighing 400 to 500 lbs selling 3.00 lower, and 650 to 700 lbs steers selling 12.00 lower.

Roanoke Stockyard - Roanoke AL...
Receipts:  652    Last Week:  1084    Year Ago:  676
Compared to a week ago: Slaughter cows and bulls sold steady to 2.00 higher. Replacement cows and pairs sold steady. Feeder bulls and steers sold 2.00 to 5.00 lower. Feeder heifers sold sold 3.00 to 7.00 lower. Supply consisted of 7 percent slaughter cows, 2 percent
bulls, 8 percent replacement cows and pairs, and 83 percent feeders.

Russell Springs Livestock Auction - Frankfort KY...
Receipts: 275    Last week: 468    Last year: 390
Compared to last week: Feeder steer and heifer calves sold 2.00 to 5.00 lower with moderate demand. Yearling steers not fully tested. Slaughter cows and bulls 5.00 higher with good demand.

Springfield Livestock Auction - Springfield MO...
                              Receipts          Week Ago     Year Ago
Total Receipts:       1427               1,942              1,189
Feeder Cattle: 1,427(100%)  1,942(100%)  1,189(100%)
Compared to last week, steers and heifers traded steady to 5.00 lower. Quality above average this week with several medium sized consignments to work with. Supply light to moderate and demand moderate. Feeder cattle supply included 53 percent Steers, 3 percent Dairy Steers,

Green Forest Livestock Auction - Green Forest AR...
Receipts:  1058          Last week:  681            Last year:  961
Compared to last week: Feeder steers under 500 lbs 2.00-5.00 lower than last weeks light test, over 500 lbs steady to 4.00 higher. Feeder heifers and bulls mixed from 4.00 lower to 4.00 higher, mostly steady to 1.00 higher.

Southern Oklahoma Livestock Auction - Ada OK...
Receipts:  1,630    Last Week:  2,158    Year Ago:  704
Compared to last week: Steer and heifer calves 4.00-5.00 lower on comparable sales. Quality mostly plain, few average. Demand good especially given the overall quality. Heifers made up 39 percent and cattle over 600 lbs 34 percent of supply.

Athens Livestock Auction - Athens GA...
Receipts:  649    Last Week:  825    Year Ago:  860
Compared to one week earlier, slaughter cows steady to 2.00 higher, slaughter bulls mostly steady, feeder steers and steer calves 2.00 to 5.00 higher, feeder bulls and bull calves 5.00 to 8.00 lower,

Lucedale Livestock Auction - Lucedale MS...
Receipts     This week    339       Last Week    808
Compared to last week slaughter cows trended 1.00 to 3.00 Lower. Slaughter bulls trended 1.00 to 4.00 Lower. Feeder steers trended 5.00 to 12.00 Lower. Feeder heifers trended 2.00 to 18.00 Lower. Feeder consisted of 63 percent steers and 37 percent heifers.

OKC West - El Reno OK...
                             Receipts         Week Ago     Year Ago
Total Receipts:      7,159               8,732            8,378
Feeder Cattle:  7,159(100%)  8,732(100%)  8,378(100%)
***Final report including feeder cattle*** Compared to last week:  Feeder steers sold mostly steady, few trades under 800 lbs 2.00-4.00 higher.  Feeder heifers 1.00-3.00 lower.   Steer and heifer calves sold 5.00-10.00 lower.  Sharp declines on both the CME Feeder and Live cattle boards have buyers being much more picky.

Savannah Cattle Auction - Savannah TN...
Receipts: 609     Last week: 1225     Last year: 643
Compared to the same sale last week, Slaughter cows and bulls steady. Steers under 350 lbs 7.00 higher, over 350 lbs steady to 3.00 lower. Bulls 2.00 to 5.00 lower. Heifers under 450 lbs 1.00 to 4.00 higher, over 450 lbs steady to 2.00 lower.

Norwood Livestock Auction - Norwood NC...
Receipts:  654          Last Week:   428       Last Year: 708
Compared to last week, slaughter cows were mostly 2.00 to 5.00 higher with bulls mostly 3.00 to 7.00 higher.  Feeder cattle were mostly 4.00 to 8.00 lower. Light demand with slow buyer activity.

Vienna Livestock Auction - Vienna MO...
Receipts:  2408    Week Ago:  222    Year Ago:  1979
Compared to the sale two weeks ago, feeder steers and heifers 4.00-10.00 lower. Slaughter cows steady. Supply heavy. Near 3 percent of the offering were cows and 39 percent of the feeders were over 600 lbs. Feeder supply approximately 67 percent steers and bulls and 33 percent heifers.

Clovis Livestock Auction - Clovis NM...
Receipts:  1345            Week Ago: 2260            Year Ago: 1746
Compared to last week:  Feeder steers steady to 3.00 lower.  Heifers mostly 1.00 lower except 700-800 lbs 4.00 lower.  Slaughter cows and bulls steady to 1.00 higher. Trade moderate to active, demand moderate to good.  Bulk supply Medium and Large 1-2 300-800 lb feeder steers and heifers.

Updated daily Monday thru Friday around 4:00 PM CST

Additional reports at "Market Reports" & "Auction Results"

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