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Daily Market Summary for Monday, March 27th:

TCR's Weekly Current & Projected Feedyard Closeout

Slaughter Cattle: Monday trading has been inactive on very light demand in the Texas Panhandle and Western Cornbelt. Not enough purchases for a market trend. In Kansas and the Northern Plains trading has been at a standstill. Last week in the Southern Plains live purchases were at 130.00. In Nebraska live purchases were from 133.00-134.50 and dressed from 210.00-215.00. For the prior week in Colorado live purchases were from 132.00-134.00. In the Western Cornbelt for the previous week saw live purchases from 132.00-133.00 and dressed from 210.00-215.00.

Negotiated Sales: Confirmed: 747      Week Ago: 1,332      Year Ago: 162

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

Formula Purchases: Net - Dressed
Head count priced today: 27,900
Weighted avg weight:            843
Weighted avg net price:   202.81

Alberta Beef Producers Daily Report:  Alberta direct cattle sales last week saw light trade develop with weighted average steer and heifer prices closing the week at 170.50 and 169.50 respectively. Prices are 3.00 higher than the previous week. The last time fed steer prices closed over 170.00 was February of last year. Looking at the non-fed market butcher cows and bulls traded steady to 2.00 higher through commercial auction facilities and new annual highs were also established.

Livestock Slaughter under Federal Inspection:
                               Cattle        Calves   Hogs        Sheep
Monday  (est)        116,000     2,000     441,000    10,000
Week ago (est)     116,000     2,000     441,000    10,000
Year ago (act)         98,000     2,000     298,000      9,000

Boxed Beef:  Boxed beef cutout values lower on light to moderate demand and offerings. Choice rib, chuck, and round cuts steady to weak while loin cuts lower. Select chuck, round and loin cuts steady to weak while rib cuts lower. Beef trimmings unevenly steady on light demand and offerings.

Cutout Values...             Choice        Select
Current Cutout Values:      219.91        213.62
Change from prior day:        -1.71           -1.93
Choice/Select spread:          6.29

Cattle Futures Summary: Live cattle futures posted losses of 62.5 cent to $1.40 on Monday. Feeder cattle futures were down $1.225 to $2.625 to start the week. The CME feeder cattle index was at $133.09 for 3/24, a gain of 63 c ents. Wholesale beef prices in this afternoon’s report were both lower, as choice boxes were down $1.71, to $219.91, and select lost $1.93, at $213.62. China, Egypt and Chile lifted their bans on Brazilian meat imports over the weekend after assurances that inspections issues had been corrected. Estimated FI cattle slaughter on Monday was 116,000 head unchanged from last week, but 18,000 head more than the same week in 2016.

April Live Cattle Futures: 121.07...-1.03

June Live Cattle Futures: 111.45...-1.40

August Live Cattle Futures: 106.77...-1.03

March Feeder Cattle Futures: 132.15...-1.22

April Feeder Cattle Futures: 133.10...-2.47

May Feeder Cattle Futures: 131.32...-2.48

CME Feeder Cattle Index: 133.09...+0.63
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April Lean Hog Futures: 65.65...-1.62

National Grain Market Summary: Compared to Friday, Wheat and Sorghum traded lower, with Soybeans and Corn trading mixed. US Corn demand remains good with USDA reporting just over 61 million bushels inspected for export last week. US soybean exports are taking a hit as Brazilian crop enters the market. USDA reported approximately 22 million bushels of US soybeans were inspected for export last week, 7 million less than the week prior.

Kansas City Corn: 3.36...Unchanged

Kansas City Soybeans: 9.31...+0.04

Kansas City Wheat: 3.76...-0.07

May Corn Futures: 3.5575...-0.0050

May Soybean Futures: 9.7150...-0.0425

May Wheat Futures: 4.2075...-0.0400

Nearby Crude Oil Futures Contract: 47.73...-0.24

Dow Jones Industrial Average: 20,550.91...-45.81

NASDAQ: 5,840.37...+11.63

U.S. Dollar Index: 99.19...-0.51

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:  6,200    Week ago:    6,545    Year ago:  4,147
Compared to last week: All classes of feeder cattle and calves are trading mostly steady in early rounds. Quality average to attractive.  Demand remains good for all classes.

Joplin Regional Stockyards Feeder Cattle Auction - Carthage MO...
Receipts:  4,500    Week ago:    6,574    Year ago:  3,216
***OPENING***  Compared to last week, steers and heifers steady.  Demand moderate to light.  Feeder supply included 54 percent Steers, 36 percent Heifers, and  11 percent Bulls. Feeder Supply over 600 lbs was 39 percent.
 

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: 1104     Last week: 913       Last year: 706
Compared to same sale last week, Slaughter cows 2.00 to 5.00 lower. Bulls steady. Steers and bulls 2.00 to 6.00 higher, instances 10.00 higher. Heifers 2.00 to 4.00 higher.

Apache Wtd Avg Cattle (Fri) - Apache OK...
Receipts:  2049    Last Week:  1306    Year Ago:  1152
Compared to last week:  Feeder steers 4.00-6.00 higher, feeder heifers 600 to 700 lbs 5.00 higher over 700 lbs 1.00-2.00 higher.  Steer calves 4.00-8.00 higher, heifer calves 2.00-5.00 higher.

Bowling Green Livestock Auction - Bowling Green MO...
Receipts:  2278    Week Ago:  985    Year Ago:  2416
Compared to the previous auction two weeks ago, feeder steers weighing 400-800 lbs sold 5.00-10.00 higher, with spots 12.00 higher on steer calves under 500 lbs and 550-600 lb steer calves.

Torrington Livestock Commission - Torrington WY...
Receipts:  523    Week Ago:  562    Year Ago:  542
Compared to last Friday. Slaughter and feeding cows traded 2.00 to 3.00 lower. Slaughter bulls traded steady to 1.00 lower. Slaughter cows consisted of 70 percent of the sale with slaughter bulls consisting of 30 percent of the sale.

Ash Flat Livestock Auction - Ash Flat AR...
Receipts:  765    Last Week:  655    Year Ago:  694
Compared to last week: Feeder steer and bull calves sold steady to 10.00 Higher, yearlings sold mostly steady.  Feeder heifers sold mostly steady.  Slaughter cows and bulls sold steady to 3.00 lower.

Farmers Livestock Auction - Springdale AR...
Receipts:  716          Last week:  619               Last year:  481
Compared to last week: Feeder steers and bulls steady to 10.00 higher mostly 1.00-3.00 higher except the 500-600lbs 1.00-2.00 lower. Feeder heifers steady to 3.00 higher. Slaughter cows and bulls steady.

Lexington Livestock Market - Lexington, NE...
Receipts:  3570    Two Weeks Ago:  2540    Year Ago:  0
Compared to two weeks ago steers and heifers sold steady to 5.00 higher. Demand was good from the buyers in the crowd. The calf and feeder supply included 45 percent steers and 55 percent heifers with near 92 percent of the run weighing over 600 lbs.
 
 

Updated daily Monday thru Friday around 4:00 PM CST

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

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