Daily Market Summary for Friday, April 21st:
Slaughter Cattle: Friday in the Southern Plains and Nebraska trading has been limited on light demand. In the Southern Plains a few live purchases have traded at 132.00. In Nebraska a few live purchases have traded at 133.50. In Colorado and Western Cornbelt trading has been inactive on very light demand. Not enough purchases for a full market trend in any major feeding region. Wednesday was last fully reported market trend in all regions. In the Texas Panhandle live purchases were at 132.00. In Kansas live purchases were mostly at 130.00 with a few up to 132.00. In Nebraska live and dressed purchases were at 133.00 and 210.00-212.00, respectively. In Colorado a light test of live purchases traded from 131.00-133.00. In the Western Cornbelt live and dressed purchases were from 130.00-134.00 and 212.00, respectively.
Negotiated Sales: Confirmed: 5,074 Week Ago: 2,429 Year Ago: 39,026
Prices - Slaughter Steers & Heifers:
Live Basis Steers Heifers
Not enough purchases for a full market trend.
Net - Dressed
Head count priced today: 8,300
Weighted avg weight: 818
Weighted avg net price: 203.49
Alberta Beef Producers Daily Report: Alberta direct cattle sales so far this week have seen light trade develop with the bulk of dressed sales marked at 294.00 and 295.00 delivered. Initial sales are 5.00-6.00 higher than the previous week. Profit margins remain very impressive on the cattle being marketed which is encouraging producers to sell cattle ahead of schedule. A lot of yearlings have break even in the low 140's and early placed calves have break even in the mid 130's.
under Federal Inspection:
Cattle Calves Hogs Sheep
Friday (est) 104,000 2,000 443,000 5,000
Week ago (est) 108,000 2,000 374,000 4,000
Year ago (act) 111,000 2,000 419,000 7,000
Week to date (est) 559,000 10,000 2,071,000 30,000
Last Week (est) 568,000 10,000 2,147,000 42,000
Last Year (act) 553,000 9,000 2,150,000 40,000
Week ago (est) 22,000 0 76,000 0
Year ago (act) 31,000 0 84,000 0
Week to date (est) 595,000 10,000 2,287,000 31,000
Last Week (est) 590,000 10,000 2,223,000 42,000
Last Year* (act) 585,000 8,000 2,233,000 40,000
2017 YTD 9,377,000 159,000 36,942,000 603,000
2016 *YTD 8,845,000 138,000 36,210,000 614,000
Percent change 6.0% 15.4% 2.0% -1.8%
Boxed Beef: Boxed beef cutout values firm to higher on light to moderate demand and moderate offerings. Select and Choice rib and chuck cuts steady to weak while round cuts firm. Choice loin cuts higher while Select steady. Beef trimmings unevenly steady on light to moderate demand and moderate offerings.
Current Cutout Values: 217.16 203.89
Change from prior day: +1.44 +0.32
Choice/Select spread: 13.27
Cattle Futures Summary: Live cattle futures were higher in most contracts on Friday, with August the only month lower, down 2.5 cents. They finished the week $4.425 higher in the April contract. Feeder Cattle futures were mixed on the day with April up 65 cents and May 50 cent lower. The CME feeder cattle index was at $138.05 on 4/20 , up 40 from the previous day. Wholesale beef prices were higher in the afternoon report. Choice boxes averaged $217.16, up $1.44, with Select gaining 32 cents with an average price of $203.89. The COT report had managed money continuing to add to their net long position in live cattle futures and options, by another 8,161 contracts. Cash cattle trade is fairly light today, with the USDA reporting sales of $132 in the South and $133.50 in NE. Estimated FI cattle slaughter through Saturday is at 595,000 head. That is up 5,000 from last week and 10,000 head from the same week last year. The COF report showed April cattle on feed 0.47% higher than April 2016, at 10.904 million head. March placements were 11.1% above the previous March, with marketings 9.56% ahead of March 2016.
April Live Cattle Futures: 129.80...+0.18
June Live Cattle Futures: 116.70...+0.23
August Live Cattle Futures: 112.77...-0.03
April Feeder Cattle Futures: 138.55...+0.65
May Feeder Cattle Futures: 139.25...-0.50
August Feeder Cattle Futures: 142.25...-0.20
Feeder Cattle Index: 138.05...+0.40
market data & analysis...
Subscribe to TCR's Weekly Market Summary
National Grain Market Summary: Compared to last week, grain and soybean bids were mostly lower. This spring it has been too wet for planting in many areas, however, may corn continues to stay above its March low of $3.54 1/4. Brazil continues to see good growing conditions for its second corn crop and there is more rain in the forecast which is beneficial for its production. May soybeans persists to trade above the low of last week’s outside reversal, however, the large supply of freshly harvested soybeans in Brazil continues to linger over the market’s head. There is passive support in wheat offered by commercials, but not enough to stop the downtrend. In 2017 the winter wheat crop is off to a good start with no major problems as of yet. Although, the U.S. dollar index is at risk of trading higher, if French presidential candidate Marine Le Pen has a strong showing in Sunday’s election. Weekly export sales for wheat came in at 20.3 mb (551,200 mt) with 15.2 mb (414,000 mt) for the 2016-2017 marketing year. Export sales for corn came in at 33.4 mb (848,200 mt) with 29.8mb (756,400) for the 2016-2017 marketing year. Soybeans were bullish showing a total of 8.3 mb (225,000 mt) with 7.8 mb (211,000 mt) for the 2016-2017 marketing year. Weekly export sales for grain sorghum showed a total of 1.8 mb (46,900 mt) for the 2016-2017 marketing year. Wheat was mostly 10 to 27 cents lower. Yellow corn was 8 to 13 cents lower. Sorghum was 23 cents lower. Soybeans were mostly 3 to 8 cents lower.
Kansas City Corn: 3.39...-0.01
Kansas City Soybeans: 9.24...+0.04
Kansas City Wheat: 3.624...+0.02
May Corn Futures: 3.5700...-0.0075
May Soybean Futures: 9.5100...+0.0425
May Wheat Futures: 4.0500...-0.0125
Nearby Crude Oil Futures Contract: 49.62...-0.65
Dow Jones Industrial Average: 20,547.76...-30.95
U.S. Dollar Index: 99.91...+0.11
Feeder & Stocker Cattle Summary
RECEIPTS: Auctions Direct Video/Internet Total
This Week 195,400 65,900 4,100 265,400
Last Week 194,900 80,800 72,600 348,300
Last Year 164,700 35,500 900 201,100
Compared to last
week, feeder steers and heifers sold 2.00 to 6.00 higher, with steer and
heifer calves being mostly 3.00 to 8.00 higher and instances up to 10.00
to 12.00 higher. Two weeks ago when there was a lull in the market,
order buyers were bargain hunting as feedyards weren't too interested in
placements at that time. However, this week most feedyards upped
their bids and those same order buyers can't purchase them fast enough
to satisfy their customers. Rain over the weekend in Oklahoma and
the Easter holiday has
hampered livestock movement however that recent rainfall followed by warmer temperatures has buyers eager and optimistic towards feeders that fit their grazing pastures.
Feeder numbers in the Northern Plains are tightening up very quickly so anyone that wanted to purchase had to pounce quickly on the cattle offered for sale. Moisture levels in most grazing areas seem to be alright for this time of year and ranchers do not want a repeat of the Southern Plains horrendous wildfires that happened just a short month or so ago. Demand was good to very good on all classes of feeders this week after fed cattle gained 4.00 and live sales in the Southern Plains reported up to 132.00 on Wednesday. Packers were insistent on meeting their procurement needs and were willing to pay up sharply to get business done. Several weeks ago, packers were purchasing cattle 15-30 days out front and now they are giving the appearance that those cattle have been worked through and are chomping at the bit to purchase some more for May delivery. Once the end of May gets here, those June contracted cattle will start being harvested if buyer and seller agree to terms.
Steer dressed weights have decreased dramatically since the first of the year, 53 lbs lower than w/e January 7 and the typical 5 year average decrease is around 23 lbs. Given the winter weather has been rather mild through Nebraska this year, the more exceptional gaining calf-feds are being marketed at a lighter weight than normal and are probably a little greener as well. The estimated steer and heifer grading report for the first week of April shows that percent Choice is slightly higher 2016, however the Choice-Select spread is just the exact opposite of traditional thinking. This year the spread is about 2.50 more than last year, signaling that packers may need some more Select product to get into the pipeline. Several of thecalf-feds being harvested now were bought last fall and first cost would've been around $800 per head. If the top end of those calf-feds are coming out of the feedyard now, cattle feeders are basically doubling the value of the animal in six to seven months.
Feed costs have been relatively flat throughout their feeding period and that feeder calf feeder will turn a sizeable profit in one turn. Feeder cattle continue to bring handsome prices at auctions this week. On Wednesday at Green City Livestock in Green City, MO a load of 780 lb steers sold at 156.75. Today at Lexington Livestock Market in Lexington, NE two and a half loads of one iron branded steers weighing 809 lbs brought 152.25 and a load of 824 lbs black and red white face steers sold at 152.75. Corn plantings so far are 6 percent behind a year ago but only 3 percent behind the 5 year average.
"Click" on individual auction links for complete report
*Denotes Auction not reported by the USDA & linked to Auction's website
Livestock Auction - Apache OK...
Receipts: 2317 Last Week: 2214 Year Ago: 612
Compared to last week: Feeder steers 1.00-3.00 higher, feeder heifers 2.00-4.00 higher. Steer calves steady to 3.00 higher. Heifer calves not enough comparable calves for a market test, with a higher undertone noted. Quality good to attractive with several cattle coming off grazeout wheat.
Livestock Auction - Dalhart, TX...
Cattle and Calves: 2160 Week ago: 1940 Year Ago: 659
Compared to last week: Feeder steers under 700 lbs and heifers under 600 lbs firm; steers over 700 lbs and heifers over 600 lbs 2.00 higher. Slaughter cows and bulls 2.00-3.00 lower. Trade fairly active. Demand fairly good.
Wtd Avg Cattle - Woodward OK...
Receipts: 7227 Last Week: 5950 Year Ago: 4125
Compared to last week: Feeder steers 600-800 lbs. 1.00-4.00 higher, heavier weights 1.00-2.00 higher. Feeder heifers 600-800 lbs. 1.00-3.00 higher, heavier weights 3.00-4.00 higher.
Livestock Auction - Pratt KS...
Receipts: 5173 Last Week: 4309 Year Ago: 2973
Compared to last week: Feeder steers 600-700 lbs firm to 7.00 higher; 700-1000 lbs 1.00-4.00 higher. Feeder heifers 700-800 lbs 4.00-6.00 higher; 900-950 lbs 1.00 higher.
& Ranchers Livestock - Salina KS...
Receipts: 4876 Last Week: 5890 Year Ago: 2552
Compared to last week: Steers 800-1050 lbs 1.00 higher; 800 lbs and under higher undertone noted. Heifers 650-950 lbs 2.00-7.00 higher; 650 lbs and under higher undertone noted.
Spring Livestock Auction -Siloam Spring AR...
Receipts: 1610 Last week: 1729 Last year: 1040
Compared to last week: Feeder steers and bulls steady to 10.00 higher mostly 2.00-6.00 higher. Feeder heifers 1.00-6.00 higher. Slaughter cows and bulls steady to 2.00 higher.
Stockyard - Decatur AL...
Receipts: 347 Last Week: 360 Year Ago: 328
Compared to a week ago: Slaughter cows sold 2.00 lower, bulls sold 1.00 lower. Feeder steers and bulls sold steady to 2.00 higher. Feeder heifers sold 2.00 to 3.00 higher. Demand on feeders good. Replacement cows and pairs sold mostly steady.
Angelo Cattle And Calf Auction - San Angelo TX...
Receipts: 1198 Last Week: 775 Year Ago: 367
Compared to last week feeder steers and heifers 1.00-4.00 higher.Slaughter cows weak to 1.00 lower; slaughter bulls steady. Stock cows and pairs firm to slightly higher.
Livestock Auction - Ava MO...
Receipts: 1035 Week Ago: 1268 Year Ago: 1041
Compared to last week, steer and heifer calves steady. Too few yearlings last week for a good comparison, undertone higher. Slaughter cows 2.00 to 5.00 lower, except Breaking Utility steady, slaughter bulls 1.00 to 2.00 lower.
Livestock Auction - Ozark AR...
Receipts: 860 Last week: 702 Last year: 705
Compared to last week: Feeder steers and heifers sold steady to 7.00 higher, mostly 2.00-5.00 higher. Slaughter cows sold steady to 2.00 lower. Slaughter bulls sold 4.00 lower.
Livestock Auction - Greensboro GA...
Receipts: 344 Last Week: 341 Year Ago: 249
Compared to one week earlier, slaughter cows steady to 3.00 higher, slaughter bulls mostly steady, feeder steers and steer calves lightly tested, feeder bulls, feeder heifers,
Livestock Auction - Senatobia MS...
Receipts This week 159 Last Week 256
Compared to last week slaughter cows trended Steady to 2.00 lower. Slaughter bulls trended 2.00 to 3.00 Higher. Feeder steers trended Steady. Feeder heifers trended Steady.
WA Livestock Auction - Toppenish WA...
Receipts: 2700 Last Week: 2600 Year Ago: 2525
Compared to last Thursday at the same market, stocker and feeder cattle steady to 3.00 higher. Buyers continue to purchase feeder cattle on mostly good demand. CME positions continue to give support to buyers as contracts inch higher.
Livestock Auction - Tulia TX...
Receipts: 3500 Last Week: 2700 Year Ago: 2254
Compared to last week: Feeder steers and heifers sold 2.00 to 5.00 higher. Trade was active on very good demand after recent reports of fat cattle traded at 132.00 this week.
Livestock Auction - Columbia TN...
Receipts: 491 Last week: 478 Last year: 475
Compared to last week, Feeder Steers/Bulls 2.00-6.00 higher with Instances of 10.00 higher; Feeder Heifers steady to 4.00 higher with Instances of 8.00 higher;
Cambria Livestock Auction -New Cambria MO...
Receipts: 1282 Week Ago: 1798 Year Ago: 1136
Compared to last week, feeder steers under 400 lbs no recent price comparison, 400-450 lbs 5.00 to 10.00 higher, over 450 lbs steady to 6.00 higher. Feeder heifers steady to 5.00 higher.
Livestock Auction - Smithfield NC...
Receipts: 589 Last Week: 463 Last Year: 602
Compared to last week, slaughter cattle were mostly steady. Feeder steers were mostly steady; bulls and heifers were 3.00 to 4.00 higher. Moderate demand, buyer activity and offerings.
Livestock Auction - Smithfield UT...
Receipts: 305. Last Week: 397. Feeder Steers: steady to higher. Feeder Heifers: steady. Holstein Steers: steady. Slaughter Cows: higher. Slaughter Bulls: steady to 1.00 lower. Feeder Steers: 300ó500 lbs 150.00-165.00; 500-700 lbs 138.00-157.00; 700-900 lbs 119.00-129.00; 900-1100 lbs 110.00-117.00.
Updated daily Monday thru Friday around 4:00 PM CST
Although all information
is from sources believed to be accurate & timely,
The Cattle Range expressly disclaims all warranties, expressed or implied,
as to the accuracy of any of the contents provided and shall not be liable for
decisions or actions taken based on the data/information/opinions contained within.