Daily Market Summary for July 19th...

Updated Monday thru Friday around 4:00 PM CT

See Entire Summary Below


10-Day & 60-Day Market Trendlines
Indicators of cattle/beef market strength

10-Day Market Trendline

Change from Previous Day: -0.29%
Change from 10 Days Ago: +1.74%
Change from 60 Days Ago: +6.95%​
60-Day Market Trendline

Trendlines track daily market values for the past 10 & 60 days.
Each daily value is the weighted total of the Gain/(Loss) for
12 market factors compared to the previous trading day.

 

Upcoming Sales...


 


 

Weekly Market Summary

 

Daily Market Summary for July 19th...

 

Slaughter Cattle:

So far for Thursday negotiated cash trading in the Southern Plains and the Western Cornbelt has been at a standstill. In Nebraska negotiated cash trading has been inactive on very light demand. Not enough trades for a market trend. Last week in the Southern Plains live cash trades moved at 111.00. For the prior week in Nebraska live cash trades were from 109.50-111.00 and dressed trades were from 173.00-175.00 on a light test. In the Western Cornbelt the last fully reported market was two weeks ago with live trades mostly at 112.00 and dressed trades ranging from 175.00-180.00.

 

Negotiated Sales:

Confirmed: 77    Week Ago: 246    Year Ago: 2,564

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 22,000
Weighted avg weight:        863.00
Weighted avg net price:    177.76

 

Alberta Beef Producers Daily Report:

Alberta direct cattle sales Tuesday saw no new trade to report. Live bids have been reported in the low 150's, bids are positioned at the bottom end of last week's trading range and are about 3.00 lower than last week's weighted average price. weaker basis levels did prompt some producers to pass cattle on Wednesday. The way things are shaping up sale volumes could be light this week.

 

Livestock Slaughter under Federal Inspection:                                  

                                   CATTLE    CALVES    HOGS        SHEEP
Thursday (est           121,000    2,000     461,000     7,000
Week ago (est)        120,000    2,000     454,000      7,000
Year ago (act)          114,000    1,000     438,000      8,000
Week to date (est) 476,000    8,000   1,814,000    30,000
Last Week (est)       479,000    8,000   1,811,000    30,000
Last Year (act)         457,000    7,000   1,732,000    31,000

 

Boxed Beef: 

Boxed beef cutout values steady to weak on light to moderate demand and moderate to heavy offerings. Select and Choice rib, chuck, and round cuts mostly steady to firm while loin cuts weak. Beef trimmings mostly slightly lower on light demand and light to moderate offerings.
 
Cutout Values...              Choice       Select
Current Cutout Values:  204.49      196.92
Change from prior day:     -0.31        -0.17
Choice/Select spread:        7.57

 

Futures Summary: 

Live cattle futures ended the Thursday session mixed, with nearby Aug a nickel lower and back months higher. Feeder cattle futures were steady to 20 cents higher in the nearby contracts. The CME feeder cattle index was down 28 cents from the previous day at $148.31 on 7/18. Wholesale boxed beef values were lower on Thursday afternoon. Choice boxes were down 31 cents to $204.49, while Select boxes were 17 cents lower at $196.92. Estimated week to date FI cattle slaughter was 476,000 head through Thursday. That was up 11,000 from the same week last year but down 3,000 head vs. last week. Analysts are expecting to see a 1% increase from last year in all cattle and calves as of July 1. They also estimated that Friday’s Cattle inventory report will show beef cows up 0.9% from 2017’s mid-year report, with replacement heifers down 4.3%. Export sales of 13,518 MT of beef in the week of July 12 were shown by the USDA this morning. Weekly shipments were hit a marketing year high of 19,561 MT. Cash cattle bids were seen at $108 today, despite a couple small confirmed sales @ $112 on Wednesday’s FCE.

 

CME Feeder Cattle Index: 148.31… -0.28
August Live Cattle Futures: 108.90… -0.05
October Live Cattle Futures: 110.65… Unchanged
December Live Cattle Futures: 114.42… +0.22
August Feeder Cattle Futures: 154.45… Unchanged
September Feeder Cattle Futures: 154.77… +0.12
November Feeder Cattle Futures: 154.92… +0.20
 
August Hog Futures: 67.25… +0.05
Nearby Crude Oil Futures Contract: 69.46… 0.70

 

National Grain Market Summary:

Compared to yesterday, cash bids for corn, soybeans, and sorghum were higher, while wheat was mixed.  USDA said last week's export sales and shipments of corn totaled 25.2 and 50.9 million bushels respectively, a neutral showing for the week that put total corn shipments at 1.884 billion bushels, down 3% in 2017-18 from a year ago.  Last week's export sales and shipments of soybeans totaled 9.3 and 22.2 million bushels respectively, a neutral combination that shows soybeans struggling to keep up with USDA's new export estimate of 2.085 billion bushels. Last week's export sales and shipments of wheat totaled 11.0 and 16.0 million bushels respectively, more than last week's amounts, but still a long way below USDA's expectations for 2018-19.
 
September Corn Futures: 3.5125… +0.0400
August Soybean Futures: 8.4600… +0.0375
September Wheat Futures: 5.0425… +0.0975
Kansas City Corn: 3.59… +0.04
Kansas City Soybeans: 8.44… +0.04
Kansas City Wheat: 5.27… +0.09

 

Financial Markets: 

Dow Jones Industrial Average: 25,064.90… -134.39
S & P 500: 2,804.55… -11.07
NASDAQ: 7,825.30… -29.14
U.S. Dollar Index: 95.21… +0.11

 

 

Wednesday Auction Reports...

 
Springfield Livestock Auction - Springfield MO...
Receipts           Week Ago             Year Ago
 2,576                 2,918                     1,088
Compared to last week, steer calves steady to 3.00 higher, heifer calves and yearlings steady.  Demand moderate to good, supply heavy. Live Cattle and Feeder Cattle futures closed sharply higher, providing some incentive to Cattle Buyers.  Feeder cattle supply included 41 percent Steers, 1 percent Dairy Steers, 45 percent Heifers, and  13 percent Bulls.
 
St. Joseph Feeder Cattle Auction - St. Joseph MO...
Receipts           Week Ago             Year Ago
  614                   2,183                         0
**CLOSE***  Compared to last week, steers sold on a steady undertone, but had few comparable sales for comparisons.  Heifers sold steady to 6.00 lower with the exception of lightweight heifer calves selling sharply higher.  Unusually large run of feeder bulls today and calves coming off the cow.  All classes sold on a light to very light test.  Trade activity and buyer demand moderate.
 
OKC West - El Reno OK...
Receipts           Week Ago             Year Ago
 7,841                10,543                     8,476
** Final report ** Compared to last week:  Feeder steers and heifers sold 3.00-6.00 higher.  Demand good for all classes, trade active.  Sharp increases on both the CME Feeder and Live Cattle contracts in the last few days has supported buyer demand.  Steer and heifer calves sold fully steady.
 
Southern Oklahoma Livestock Auction - Ada OK...
Receipts:  1,600    Last Week:  2,371    Year Ago:  1,519
Compared to last week: Steer and heifer calves 1.00-3.00 lower on comparable sales. Yearling cattle not fully tested but comparable sales mostly steady. Demand was good for weaned calves, moderate for unweaned and short weaned calves.
 
Hardin County Stockyard - Savannah TN
Receipts: 772     Last week: 1061     Last year: 659
Compared to the same sale last week, Slaughter cows and bulls steady. Steers 1.00 to 2.00 higher. Heifers 2.00 to 3.00 higher with instances 5.00 higher. Bulls mostly steady. Quality fair to fancy. Demand moderate to weak.
 
Russell Springs Livestock Auction - Frankfort KY...
Receipts:  891          Last week: 1252          Last year: 210 
Compared to last week: Feeder steers and heifers calves 2.00-3.00 lower.Slaughter cows steady and Slaughter bulls 1.00 lower. 20 Replacement cattle, 58 slaughter cattle, 813 feeder cattle. Slaughter cows made up 4 percent of the offering, slaughter bulls 2 percent, replacement cows 1 percent, and feeders 94 percent.
 
Lucedale Livestock Auction - Lucedale MS...
Receipts     This week    606       Last Week    705
Compared to last week slaughter cows trended 2.00 to 4.00 Higher. Slaughter bulls trended Steady. Feeder steers trended 3.00 to 7.00 Higher. Feeder heifers trended 3.00 to 10.00 Higher. Feeder consisted of 53 percent steers and 47 percent heifers. Receipts weighing under 600 lbs 48 percent over 600 lbs 23 percent.
 
Athens Livestock Auction - Athens GA...
Receipts:  855    Last Week:  783    Year Ago:  768
Compared to one week earlier, slaughter cows 1.00 to 5.00 lower, slaughter bulls 6.00 to 7.00 lower, feeder steers mostly steady, feeder bulls unevenly steady to 4.00 lower, feeder heifers mostly steady, steer calves unevenly steady to 4.00 lower, bull calves mostly steady, heifer calves unevenly steady, replacement cows lightly tested.
 
Vienna Livestock Auction - Vienna MO...
Receipts:  1283    Week Ago:  583    Year Ago:  397
Based on limited comparisons with last week, feeder steers under 500 lbs 2.00-4.00 higher, over 500 lbs 4.00-8.00 higher. Feeder heifers 4.00-8.00 higher. Slaughter cows 2.00-5.00 lower. Supply moderate. Near 15 percent of the offering were cows and 64 percent of the feeders were over 600 lbs.
 
Roanoke Stockyard - Roanoke AL...
Receipts:  671    Last Week:  927    Year Ago:  924
Compared to a week ago: Slaughter cows and bulls sold 1.00 to 3.00 lower. Replacement cows and pairs sold steady. Feeder heifers sold steady. Feeder bulls and steers sold steady to 3.00 higher. The supply consisted of 8 percent slaughter cows, 2 percent bulls, 5 percent replacement cows and pairs, and 85 percent feeders.
 
Clovis Livestock Auction - Clovis NM...
Receipts:  2112       Week Ago:  2049        Year Ago:  1142
Compared to last week: Feeder steers mostly 4.00-5.00 higher, instances 8.00 higher on 600-650 lbs.  Heifers under 600 lbs steady to 3.00 higher on 500-550 lbs over 600 lbs 3.00-4.00 higher, instances 8.00 higher on 600-650 lbs.  Slaughter cows 3.00 lower; bulls 1.00 lower.  Trade moderate to active, demand moderate to good.
 
Pulaski County Stockyard Auction - Hawkinsville, GA
Receipts:  584    Last Week:  402    Year Ago:  425
Compared to one week ago, slaughter cows 2.00 to 5.00 lower, bulls steady, feeder steers and steer calves lightly tested, feeder heifers and heifer calves unevenly steady, feeder bulls steady, bull calves unevenly steady and replacement cows lightly tested.
 
Letohatchee Stockyard - Letohatchee AL
Receipts:  1527    Last Week:  1976    Year Ago:  1655
Compared to a week ago: Slaughter cows and bulls sold 1.00 to 3.00 lower. Feeder cattle sold unevenly steady. Replacement cows steady. Supply consisted of 7 percent slaughter cows, 1 percent bulls, 1 percent replacement cows and pairs and 91 percent feeder cattle.
 
Arcadia Livestock Auction - Arcadia FL
Receipts     Last Reported   (7/9/2018)     Year Ago
 1,365                   936                 0
Compared to last week:  Slaughter cows and bulls 1.00 to 2.00 lower.  Feeder steers, bulls, and heifers unevenly steady.  Feeder cattle supply included 49 percent Steers, 40 percent Heifers, and 11 percent Bulls. Feeder cattle supply over 600 lbs was 2 percent.
 
Carnesville Livestock Auction - Carnesville GA
Receipts:  1131    Last Week:  1066    Year Ago:  909
Compared to one week earlier, slaughter cows 3.00 to 4.00 lower, slaughter bulls steady to 2.00 lower, feeder steers and steer calves mostly steady, feeder bulls and bull calves steady to 3.00 lower,
 
United Producers Inc. - Vinceness IN
Receipts:  372    Last Week:  197    Year Ago:  250
Compared to last week; slaughter steers and heifers were 1.00 to 3.00 higher with a good offering of high quality steers and heifers and active buyer participation. Slaughter cows were 2.00 to 3.00 higher with slaughter bulls 4.00 lower. Feeder steers and heifers were 5.00 to 6.00 higher with feeder bulls sharply higher with good buyer participation today.
 
New Holland Sales Stables - New Holland PA
Receipts:  181    Last Sale:  531     Last Year:  221
Compared to last week, Holstein cows sold mostly steady on a light test. Demand moderate. Not enough Holstein bulls for a market test. Bred and open Holstein heifers sold steady to 100.00 lower on a light test. Wednesday's supply included 61 fresh milking cows, 9 springing cows, 12 bred cows,
 
Hub City Livestock Auction - Averdeen SD
Receipts:  1200    Last Week:  2375    Year Ago:  1275
Different weight classes and a lighter offering of steers and heifers this week so an accurate trend can not be established, higher undertones noted on both steers and heifers.  Good to very good demand for today's offering with best demand seen for a string of attractive steers and heifers in light to moderate flesh from one outfit.
 
Winter Livestock Feeder Cattle Auction - Dodge City KS…
Receipts:  847    Last Week:  2061    Year Ago:  927
** Close *** Compared to a week ago:  Feeder steers 800 to 950 lbs steady to 1.00 higher. Heifers not enough comparable sales for accurate trend. Not enough steer and heifer calves for a market test. Trade and demand slow on very light offerings. Slaughter cows and bulls sharply lower.
 
Greenville Livestock Inc. - Greenville IL…
Receipts:  930    Last Week:  1062
Compared to last week, slaughter steers and heifers sold .75 to 1.00 higher. Slaughter Holstein steers traded steady. Trade was active with moderate to good demand. Slaughter steers comprised 21 percent of the reported run; slaughter Holstein steers 54 percent; slaughter Jersey steers 2 percent; slaughter heifers 22 percent;
 
Norwood Livestock Auction - Norwood NC...
Receipts:  942           Last Week:  966      Last Year:  550
Sale not covered for two weeks, trends not available.  Moderate demand and buyer activity.  Heavy offerings with quality of cattle average. Slaughter cows made up 17 percent of the offering, slaughter bulls 2 percent, replacement cows 1 percent, and feeders 79 percent.  The feeder supply included 27 percent steers, 42 percent heifers, and 32 percent bulls.