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Daily Market Summary for Monday, February 27th:

TCR's Weekly Current & Projected Feedyard Closeout

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

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

Formula Purchases: Net - Dressed
Head count priced today: 21,900
Weighted avg weight:            873
Weighted avg net price:   189.45

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.

Livestock Slaughter under Federal Inspection:
                                 Cattle       Calves    Hogs        Sheep
Monday  (est)         116,000     2,000     441,000     9,000
Week ago (est)      102,000     2,000     432,000     7,000
Year ago (act)        104,000     2,000     404,000     9,000

Boxed Beef:  Boxed beef cutout values higher to sharply higher on moderate to good demand and
light offerings. Select and Choice round cuts steady while rib, chuck, and loin cuts
firm to higher. Beef trimmings moderately to sharply higher on good demand and moderate
offerings.

Cutout Values...             Choice        Select
Current Cutout Values:     201.48        197.08
Change from prior day:      +2.52           +1.60
Choice/Select spread:         4.40

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

CME Feeder Cattle Index: 127.06...-0.14
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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

NASDAQ: 5,861.60...+16.59

U.S. Dollar Index: 101.14...-0.01
 

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

Oklahoma National Stockyards - Oklahoma City OK...
Receipts:  7,500    Week ago:    8,333    Year ago:  9,573
***Open*** Compared to last week: Feeder steers and heifers mostly steady in early rounds. No trend available for steer and heifer calves due to limited offerings so far. Demand remains good, quality plain to attractive.

Joplin Regional Stockyards Feeder Cattle Auction - Carthage MO...
Receipts:  5,000    Week ago:    6,906    Year ago:  5,200
***OPENING***  Compared to last week, steer and heifer calves steady, yearlings 2.00 to 3.00 lower on a light early test.  Demand moderate to good, supply moderate.

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

Smith County Commission - Carthage TN...
Receipts: 886        Last week: 1040         Last year: 651
Compared to same sale last week, Slaughter cows steady. Bulls 1.00 higher. Steers and bulls 2.00 to 9.00 higher, instances 13.00 higher.Heifers steady to 3.00 higher.

Apache Wtd Avg Cattle (Fri) - Apache OK...
Receipts:  2038    Last Week:  845    Year Ago:  2122
Compared to last week:  Feeder steers and heifers steady to 1.00 higher on a limited comparison.  Steer and heifer calves, not enough cattle for a market test, with a higher undertone noted. Supply included 78 percent over 600 lbs and 37 percent heifers.

Bowling Green Livestock Auction - Bowling Green MO...
Receipts:  2698    Week Ago:  880    Year Ago:  877
Compared to the last special two weeks ago, steer calves and yearlings weighing 450-850 lbs sold steady with the exception of 600-650 lb steers selling firm to 5.00 higher.  Feeder heifers traded mostly steady weighing from 400-700 lbs.

Torrington Livestock Commission - Torrington WY...
Receipts:  410    Week Ago:  408    Year Ago:  718
Compared to last Friday. Slaughter and feeding cows traded 3.00 to 6.00 higher on comparable trades. Not enough slaughter bulls to compare to last Friday. Slaughter and feeder cows consisted of 99 percent of the sale with 1 percent slaughter bulls.

Ash Flat Livestock Auction - Ash Flat AR...
Receipts:  603    Last Week:  691    Year Ago:  663
Compared to last week:  Feeder steers and bulls under 500 lbs sold mostly steady, over 500 lbs steady to 5.00 higher.  Feeder heifers sold steady.  Slaughter cows sold 2.50 higher.

Farmers Livestock Auction - Springdale AR...
Receipts:  623         Last week:  537              Last year:  277
Compared to last week: Feeders mostly 2.00-10.00 higher with the better steers under 450lbs 10.00-15.00 higher. Slaughter cows steady to 2.00 higher. Slaughter bulls steady to firm with last week’s light test.

Ft. Pierre Livestock Wtd Avg Report - Ft. Pierre SD...
Receipts:  5652    Last Week:  6849    Year Ago:  6748
Compared to last week feeder steers 500 lbs. to 550 lbs steady to 4.00 higher, the 550 lbs. to 600 lbs. were 3.00 to 5.00 lower, the 600 lbs. and heaiver steers were mostly 1.00 to 2.00 lower. The heifer trade was 3.00 to 5.00 lower on 500 lbs. to 700 lbs. with the 700 lbs. and heaiver heifers 1.00 to 2.00 lower.

Burwell Livestock Auction Market - Burwell, NE...
Receipts:  2518    Last Week: 900     Year Ago:  2205
A trend will not be given due to a bred stock auction last week. Friday’s auction was postponed to Sunday afternoon due to a winter storm on Thursday and Friday. Demand was good with several instate and out of state buyers.
 


Updated daily Monday thru Friday around 4:00 PM CST

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

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