Daily Market Summary for Friday, December 15th:
Slaughter Cattle: Friday in the Southern Plains, Nebraska and the Western Cornbelt trading has been limited on moderate demand. In the Southern Plains and Nebraska a few early live cash trades were from 118.00-119.00 and early dressed trades were at 188.00 in Nebraska. In the Western Cornbelt a few early cash dressed trades were at 188.00. Not enough trades in these feeding regions for a full market trend. Thus far for Friday in Colorado trading has been at a standstill. The last full reported market was for the prior week. In the Southern Plains and Western Cornbelt live cash trades were at 117.00 with dressed trade in the Western Cornbelt from 186.00-188.00. For the prior week in Nebraska, live trades ranged from 117.00-118.00 with dressed trades at 187.00. For the previous week in Colorado live trades were from 118.00-118.50. ***Trade developed late Friday afternoon at $120.50 per cwt.
Negotiated Sales: Confirmed: 15,692 Week Ago: 4,234 Year Ago: 3,693
Purchases: Net - Dressed
Head count priced today: 8,800
Weighted avg weight: 880.00
Weighted avg net price: 187.65
Alberta Beef Producers Daily Report: Alberta direct cattle sales Thursday saw light trade develop with live sales steady to $1.00 lower than Wednesday, but still $2.00 higher than last week's weighted average price. Dressed sales so far this week have been reported from $257.00-263.00 delivered. Initial sales are $7.00-9.00 higher than the previous week. Buyers were indicating cattle bought this week could be lifted in one to two weeks. Stronger basis levels did encourage producers to market cattle.
Slaughter under Federal Inspection:
Cattle Calves Hogs Sheep
Friday (est) 118,000 2,000 464,000 7,000
Week ago (est) 114,000 2,000 459,000 7,000
Year ago (act) 108,000 2,000 427,000 7,000
Week to date (est) 593,000 10,000 2,330,000 41,000
Last Week (est) 591,000 10,000 2,313,000 41,000
Last Year (act) 568,000 10,000 2,191,000 43,000
Week ago (est) 45,000 0 224,000 2,000
Year ago (act) 39,000 0 310,000 0
Week to date (est) 630,000 10,000 2,578,000 43,000
Last Week (est) 636,000 10,000 2,537,000 43,000
Last Year* (act) 606,000 11,000 2,502,000 43,000
2017 YTD 30,590,000 481,000 115,926,000 1,858,000
2016 *YTD 29,025,000 458,000 113,133,000 1,930,000
Percent change 5.4% 5.1% 2.5% -3.7%
Boxed Beef: Boxed beef cutout values higher on Choice and weak on Select on light to moderate demand and moderate offerings. Select and Choice rib, chuck, round, and loin cuts steady to weak. Beef trimmings firm to higher on moderate demand and light offerings.
Current Cutout Values: 201.87 183.25
Change from prior day: +0.83 -0.44
Choice/Select spread: 18.62
Cattle Futures Summary: Live cattle futures finished the Friday session $1.075 to $2.625 higher in the front months on higher cash cattle trade. Feeder cattle futures were up 80 cents to $1.50 in most contracts. The CME feeder cattle index on December 14 was up 9 cents to $154.40. Wholesale boxed beef values were mixed on Friday afternoon. Choice was up 83 cents at $201.87, with select 44 cents lower at $183.25. Estimated weekly FI cattle slaughter is at 630,000 head through Saturday, 6,000 head fewer than the previous week but 24,000 head larger than the same week last year. Cash trade picked up late Friday afternoon with sales of $119-120.50, up $2 from the previous week. Spec traders were shown as reducing their CFTC net long cattle position by 17,262 contracts during the week ending Tuesday. That net position was at 99,748 contracts as of 12/12.
December Live Cattle Futures: 118.90...+2.63
February Live Cattle Futures: 121.02...+1.87
April Live Cattle Futures: 122.15...+1.85
January Feeder Cattle Futures: 147.75...+1.50
March Feeder Cattle Futures: 145.55...+1.20
April Feeder Cattle Futures: 145.92...+1.22
Feeder Cattle Index: 154.40...+0.09
|For daily news, check TCR's "Cattle Industry News"|
National Grain Market Summary: Compared to last week, cash bids for corn, and wheat were mixed, sorghum and soybeans were lower. More favorable weather conditions in Argentina put pressure onthe soy complex this week. The next round of WASDE reports were released on Tuesday, putting pressure on all grain markets from changes in US and world ending stocks. World ending stocks of corn were increased from 203.86 mmt to 204.08 mmt, US ending stocks of soybeans were raised from 425 mb to 445 mb, and US ending stocks of wheat were raised from 935 mb to 960 mb. USDA’s export estimates for corn remained steady at 1.925 bb, with soybean export estimates lowered by 25 mb. Last week export sales of corn totaled 34.1 million bushels, soybeans totaled 53.4 million bushels, and wheat totaled 21.6 million bushels. All export sales figures could be viewed as bearish for last week. Wheat was mixed from 2 1/2 cents lower to 21 cents higher. Corn was mixed from 21 cents lower to 9 cents higher. Sorghum was 5 to 6 cents lower. Soybeans were 23 1/4 to 24 1/4 cents lower.
Kansas City Corn: 3.32...-0.01
Kansas City Soybeans: 9.29...-0.01
Kansas City Wheat: 4.00...-0.01
March Corn Futures: 3.4750...-0.0100
January Soybean Futures: 9.6725...-0.0050
March Wheat Futures: 4.1825...Unchanged
Nearby Crude Oil Futures Contract: 57.30...+0.26
Dow Jones Industrial Average: 24,648.47...+139.81
U.S. Dollar Index: 93.93...+0.24
Feeder & Stocker Cattle Summary
RECEIPTS: Auctions Direct Video/Internet Total
This Week 243,800 23,400 16,900 284,100
Last Week 334,300 18,200 1,900 354,400
Last Year 299,900 59,300 2,500 361,700
Compared to last week, steers and heifers traded mixed this week nationwide; from 4.00 lower to 5.00 higher and everything in between with the most common term in all market report trends is: "steady to" fill in the blank. Demand was good to very good at auctions this week as there were many more weaned calves this week with an overwhelmingly amount of those having a total preconditioning program. Most calves were sold in moderate flesh, however some light and some a little heavier at times. The mild weather has allowed these calves to easily maintain, and gain, body condition. With plenty of low cost feed, there were many buyers noted being in the seats geared up to buy cattle.
Fed cattle recovered some of last week's losses by trading 2.00 to 3.00 higher at 119.00 to 120.00 in the Southern Plains. Higher bids have been offered in the feedlots of the Northern Plains, however trade has not been established as of this writing. Steers are not the only items to talk about in this report as replacement heifers were in high demand at the Sheridan Livestock Auction in Rushville, NE on Wednesday. A half load of 617 lb heifers sold at 170.00; a load of 687 lb heifers sold at 192.00, with the weighted average of 187.50 on the replacement type heavy 6-weight heifers. Also a part load of 717 lb heifers sold at 180.50 or near $1300 per head.
Hay trading has picked up in the Plains states in recent weeks as demand has been good in areas where hay supplies are not as plentiful. The mild, open weather is helping to stretch hay supplies as cows are out grazing the corn stalk fields and Ole Man Winter has not reared his ugly head yet. The weather forecast continues to show above normal temps until next week when colder temps are expected to move in along with a couple chances of moisture. On Thursday, the US Drought Monitor was released and continues to show too many colors that producers don't need at this juncture in the year. The South, Midwest and High Plains have areas of short and long term extreme drought in their regions. The top 15 states in number of beef cows all have some type of intensity and impact of a drought this week.
When the cattle inventory report comes out in late January 2018, the number of beef cows in the main cattle states will be watched by analysts to see if producers are continuing to increase cow herds when facing these drought conditions in such a widespread area. Auction volume this week included 50 percent weighing over 600 lbs and 39 percent heifers.
"Click" on individual auction links for complete report
*Denotes Auction not reported by the USDA & linked to Auction's website
Spring Livestock Auction - Siloam Spring AR...
Receipts: 1466 Last week: 2340 Last year: 2195
Compared to last week: Feeders 300-350lbs steady to 4.00 higher 350-600lbs mostly 5.00-12.00 higher over 600lbs mostly steady to 4.00 higher with some bulls 10.00 higher. Slaughter cows 1.00-3.00 higher. Slaughter bulls steady to firm.
Livestock Auction - Ava MO...
Receipts: 1090 Last Week: 1708 Year Ago: 1405
Compared to last week, steers and heifers steady. Slaughter cows and bulls steady. Demand and supply moderate. Near 15 percent of the receipts were replacement cows, slaughter cows and bulls. The feeder supply included 42 percent steers,
Livestock Auction - Ozark AR...
Receipts: 771 Last week: 742 Last year: NR
Compared to last week: Feeder steers and bulls sold 6.00-14.00 higher. Feeder heifers sold steady to 6.00 higher. Several Value Added calves sold with an additional 2.00-5.00 premium. Slaughter cows and bulls sold steady to 2.00 higher.
Livestock Auction - Tulia TX...
Receipts: 2104 Last Week: 1411 Year Ago: 3066
Compared to last week: Feeder steers and heifers sold mostly 1.00 to 3.00 higher. Trade was fairly active on good demand as the feeder cattle CME board tried to regain some lost footing. Slaughter cows and bulls sold steady.
Livestock Auction - Columbia TN...
Receipts: 299 Last week: 419 Last year: 569
Compared to the same sale last week, Slaughter cows 4.00 lower. Bulls not well established. Steers steady to 5.00 lower. Heifers under 600 lbs 3.00 to 8.00 lower, over 600 lbs steady. Bulls steady to 7.00 lower.
Livestock Auction - Pratt KS...
Receipts: 1529 Last Week: 2141 Year Ago: 2850
Compared to last week: Feeder steers and heifers not enough Medium and Large 1 for a true market test. However a firm to higher under tone noted. Steer and heifer calves not enough for a test. Slaughter cows steady to weak and slaughter bulls 3.00 lower.
& Ranchers Livestock - Salina KS...
Receipts: 2998 Last Week: 2972 Year Ago: 3530
Compared to last week: Steers in a limited supply 400-1000 lbs 1.00-6.00 lower. Heifers 700-1000 lbs 1.00-2.00 lower; 700 lbs and under higher undertone noted. Trade and Demand moderate.
Livestock Auction - Apache OK...
Receipts: 1670 Last Week: 1481 Year Ago: 2365
Compared to last week: Feeder steers and heifers 1.00-5.00 lower. Steer calves steady to 1.00 lower. Heifer calves weighing 400 to 500 lbs 7.00-10.00 higher, 500 to 600 lbs 2.00 lower. Quality was good to attractive with moderate demand.
Wtd Avg Cattle - Woodward OK...
Receipts: 3818 Last Week: 4447
Compared to last week: Feeder steers steady to 2.00 higher, over 850lbs 2.00 lower. Feeder heifers steady. Steer calves steady to 3.00 higher. Heifer calves 2.00 higher. Demand good for all classes. Fill average. Supply includes 62% over 600 lbs. 47% heifers.
Angelo Cattle And Calf Auction - San Angelo TX...
Receipts: 1709 Last Week: 682 Year Ago: 1562
Compared to last week steer and heifer calves under 600 lbs 1.00-3.00 higher, heavier weight calves and yearlings firm. Slaughter cows 1.00- 2.00 higher; slaughter bulls firm to 1.00 higher. Stock cows and pairs steady in light test.
Livestock Auction - Dalhart, TX...
Cattle and Calves: 2292 Week ago: 3420 Year Ago: 3528
Compared to a week ago: Feeder steers and heifers and steers and heifer calves firm to 2.00 higher. Slaughter cows and bulls firm to 1.00 higher. Trade active. Demand good. No sale for the next two weeks due to holiday break. Bulk of supply Medium and Large 1-2 350-900 lb feeder steers and heifers.
Livestock Auction - Smithfield NC...
Receipts: 507 Last Week: 718 Last Year: 581
Compared to last week, slaughter cattle were mostly steady. Feeder cattle were mostly steady. Moderate demand, buyer activity and offerings. Quality of cattle average.
Stockyard - Cullman AL...
Receipts: 798 Last Week: 1024 Year Ago: 1237
Compared to last week: Slaughter cows sold 2.00 to 3.00 lower, slaughter bulls sold 1.00 to 3.00 lower. Feeder bulls and steers sold 2.00 to 3.00 higher. Feeder heifers sold 1.00 to 2.00 higher. Replacement cows and pairs sold mostly steady.
WA Livestock Auction - Toppenish WA...
Receipts: 1960 Last Week: 2000 Year Ago: 1100
Compared to last Thursday at the same sale, stocker and feeder cattle steady to 4.00 higher. Trade active with very good demand for all classes. Slaughter cows and bulls 5.00-8.00 higher as processors need supplies. Trade very with very good demand.
Livestock Auction - Greensboro GA...
Receipts: 340 Last Week: 369 Year Ago: 511
Compared to one week earlier, slaughter cows 2.00 to 6.00 higher, slaughter bulls steady, feeder bulls, heifers, feeder steers lightly tested, bull calves 2.00 to 5.00 higher, heifer calves, steer calves lightly tested, replacement cows 6.00 to 8.00 lower.
Livestock Auction - Smithfield UT...
Receipts: 658. Last Week: 1,110. Feeder Steers: Feeder Heifers: mostly steady to lower. Holstein Steers: lower. Slaughter Cows: mostly steady. Slaughter Bulls: steady. Feeder Steers: 300—500 lbs 175.00-195.00; 500-700 lbs 156.00-170.00; 700-900 lbs 141.00-145.00; 900-1100 lbs 104.00-130.00.
Livestock Auction - Senatobia MS...
Receipts This week 405 Last Week 258
Compared to last week slaughter cows trended 1.00 to 2.00 Higher. Slaughter bulls no trend. Feeder steers trended mixed. Feeder heifers trended mixed. Feeder consisted of 61 percent steers and 39 percent heifers. Receipts weighing
under 600 lbs 70 percent over 600 lbs 13 percent.
Stockyard - Decatur AL...
Receipts: 542 Last Week: 521 Year Ago: 381
Compared to a week ago: Slaughter cows and bulls sold steady. All feeder classes sold sharply higher. Demand on feeders good. Replacement cows and pairs sold steady. Slaughter cows 4 percent, bulls 4 percent, replacement cows and pairs 9 percent, and feeders 83 percent.
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