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Daily Market Summary for Monday, May 22nd:

TCR's Weekly Current & Projected Feedyard Closeout

Slaughter Cattle:  Monday negotiated cash trading has been at a standstill in all major feeding regions. Last week in the Texas Panhandle live purchases were at 134.00. In Kansas live trades were from 133.00-134.00. In Nebraska for the prior week saw live purchases from 135.00-135.50 and dressed from 210.00-215.00. In Colorado live trades were at 135.00. For the previous week in the Western Cornbelt live purchases were at 134.00 and dressed were from 210.00-215.00.

Negotiated Sales: Confirmed: 214      Week Ago: 33      Year Ago: 679

Negotiated Prices - Slaughter Steers & Heifers:
Live Basis              Steers                                       Heifers
Dressed Basis
Trade at a standstill in all major feeding regions.

Formula Purchases: Net - Dressed
Head count priced today: 25,500
Weighted avg weight:            818
Weighted avg net price:   221.97

Alberta Beef Producers Daily Report:  Not available - Canadian Holiday

Livestock Slaughter under Federal Inspection:
                                Cattle        Calves   Hogs        Sheep
Monday (est)          114,000     2,000     441,000     7,000
Week ago (est)     115,000      2,000     437,000     6,000
Year ago (act)        109,000     2,000     433,000     9,000

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

Cutout Values...            Choice        Select
Current Cutout Values:    247.88        222.83
Change from prior day:     +0.74          +1.41
Choice/Select spread:      25.05

Cattle Futures Summary: Live cattle futures ended the day higher with October leading the day $1.725. Feeder cattle futures were up as much as $2.70 on Monday. The CME feeder cattle index was at $142.88 on May 19, down 98 cents from the previous day.Wholesale beef prices were both higher in the afternoon report, with choice boxes 74 cents higher, averaging $247.88, and select up $1.41, averaging $222.83. Estimated FI slaughter on Monday was 114,000 head, down 1,000 head from the previous week and 5,000 head larger than the same week last year. The Cold Storage report showed April beef stocks lowering 1.19% from March to 458.46 million pounds which was down 2% from the year before.

June Live Cattle Futures: 123.92...+0.47

August Live Cattle Futures: 122.02...+0.97

October Live Cattle Futures: 118.40...+1.73

May Feeder Cattle Futures: 144.25...+0.90

August Feeder Cattle Futures: 152.77...+2.32

Sept Feeder Cattle Futures: 152.65...+2.43

CME Feeder Cattle Index: 142.98...-0.88
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July Lean Hog Futures: 79.35...-0.15

National Grain Market Summary: Compared to Friday, Wheat and Soybeans traded mixed, Corn and Sorghum traded higher.  With more rain in the forecast for the Midwest US it is unclear how many acres of corn will be put into the ground as final planting dates approach. Even though planting estimates recently released show corn and soybeans on par with the 5 year average, this doesn’t take into account fields that need to be replanted because of flood damage.  The USDA stated 45 million bushels of corn and 12.8 million bushels of soybeans were inspected for export last week. This puts inspections 52% higher than this time last year

Kansas City Corn: 3.65...+0.03

Kansas City Soybeans: 9.36...-0.02

Kansas City Wheat: 3.98...Unchanged

July Corn Futures: 3.7500...+0.0250

July Soybean Futures: 9.5650...+0.0350

July Wheat Futures: 4.3425...-0.0100

Nearby Crude Oil Futures Contract: 50.73...-0.40

Dow Jones Industrial Average: 20,894.63...+89.79

NASDAQ: 6,133.62...+49.92

U.S. Dollar Index: 96.99...-0.15

Monday Opening Reports...
"Click" on individual auction links for complete report

Oklahoma National Stockyards - Oklahoma City OK...
Receipts       Week Ago       Year Ago
6000               8,599               9,795
Compared to last week: Feeder steers and heifers not well tested in early rounds.  Steer and heifer calves are trading 2.00-4.00 higher. Demand good to very good for all classes.

Joplin Regional Stockyards Feeder Cattle Auction - Carthage MO...
Receipts        Week Ago      Year Ago
6500               6,949              5,808
Compared to last week, steers and heifers of all weights opened steady. Solid gains for cattle futures in the early trading hours lending support. Supply heavy and demand moderate to good.

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

Apache Wtd Avg Cattle (Fri) - Apache OK...
Receipts:  2071    Last Week:  2924    Year Ago:  1625
Compared to last week:  Feeder steers weighing 600-900 lbs 2.00-4.00 higher, over 900 lbs 3.00 lower.  Feeder heifers 600-750 lbs steady to 4.00 lower, over 800 lbs 2.00 higher.  Steer calves not enough comparable cattle for a market test.

Bowling Green Livestock Auction - Bowling Green MO...
Receipts:  1379    Week Ago:  2139    Year Ago:  1342
Friday's auction was a Special Bred cow and heifer sale with near 70 percent of the receipts replacement and slaughter cows.  There was consignment of over 100 head of reputation Red/Blk AngSim cross heifers to calve in the fall from the Deer Creek Cattle Co from Clarksville, Mo. along with a nice offering young cow pairs and bred cows all selling with moderate to good demand.

Ash Flat Livestock Auction - Ash Flat AR...
Receipts:  832    Last Week:  787    Year Ago:  697
Compared to last week: Feeder steers, bulls and heifers sold mostly steady.  Slaughter cows and bulls sold steady.  Supply included about 619 feeder calves, 88 feeder yearlings, 33 replacement cows, 76 slaughter cows, 12 slaughter bull and 3 replacement bulls.

Farmers Livestock Auction - Springdale AR...
Receipts:  712          Last week:  684               Last year:  617
Compared to last week: Feeder steers and heifers mixed mostly steady to 4.00 higher with the better steers under 500lhs and 450-500lb heifers 1.00-3.00 lower. Quality of most feeders not as good as last week. Slaughter cows and bulls steady to 1.00 higher.

Cattleman's Livestock Auction - Belen NM...
Receipts:  903           Week Ago:  1113         Year Ago:  856
Compared to last week:  Feeder steers and heifers 6.00-8.00 lower with some classes not tested.  Quality not as attractive.  Slaughter cows and bulls steady to 3.00 lower.  Trade active, demand good. Bulk supply Medium and Large 1-2 300-800 lb feeder steers and heifers.

Smith County Commission - Carthage TN...
Receipts: 944         Last week: 978        Last year: 893
Compared the same sale one week ago, Slaughter cows 5.00 higher. Bulls steady. Steers and bulls 5.00 to 8.00 lower. Heifers steady to 4.00 lower.

Torrington Livestock Commission - Torrington WY...
Receipts:  1451    Week Ago: 3319    Year Ago:  1812
Compared to last Friday. Slaughter cows, bulls and feeding cows traded 5.00 higher.  Slaughter and feeder cows consisted of 30 percent of the sale with 10 percent slaughter bulls. Remaining 60 percent of the sale consisted of feeder cattle.

Ft. Pierre Livestock Wtd Avg Report - Ft. Pierre SD...
Receipts:  3587    Last Week:  5946    Year Ago:  2391
No feeder sale last week, comparison made to two weeks ago. No comparison on steers under 700 lbs. The 700 lbs. to 800 lbs. steers were 1.00 to 3.00 higher. On the steers over 800 lbs. there is no comparison made. The 600 lbs. to 650 lbs. heifers were 6.00 to 7.00 higher.

Updated daily Monday thru Friday around 4:00 PM CST

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

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.

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