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Daily Market Summary for March 31st

Updated Monday thru Friday around 4:00 PM CT

See Entire Summary Below


Daily Market Indexes & Trendlines
Indicators of cattle/beef market strength

10-Day Index Trendline

Compared to Previous Day: -0.62%
Compared to 10 Days Ago: +6.38%
Compared to 60 Days Ago: -10.46%​
   

60-Day Index Trendline

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

 

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Weekly Market Summary

 

Daily Market Summary for March 31st

  
Slaughter Cattle:
As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in the Southern Plains. In Nebraska and Western Cornbelt negotiated cash trading was inactive with very light demand. Not enough trades for a market trend. The prior week was the last fully reported market. In the Texas Panhandle live cash trades moved from 118.00-1120.00. In Kansas and Nebraska live cash trades moved from 119.00-120.00 and dressed cash trades, in Nebraska, moved mostly at 190.00. In the Western Cornbelt live and dressed cash trades moved mostly at 120.00 and 190.00, respectively.
    
Negotiated Sales:
Confirmed:     535
Week Ago:   1,192
Year Ago:     1,735
     
Formula Net
Dressed Steers & Heifers:
Head count priced today:  28,600
Weighted avg. weight:       866 lbs.
Weighted avg. net price:   183.29
         
Cattle Slaughter under Federal Inspection:
Tuesday (est)                     119,000
Week ago (est)                  123,000
Year ago (act)                    122,000
Week to Date                    236,000
Same Period Last Week   239,000
Same Period Last year     240,000
Previous Day (est)
Steers & Heifers:  93,000
Cows & Bulls:        24,000
                                                                                                               
Boxed Beef:
Boxed beef cutout values sharply lower on light to demand and light to moderate offerings. Select and Choice loin cuts weak to lower while rib, chuck, and round cuts lower.
Cutout Values:
Choice: 243.15… -7.82
Select:  229.96… -8.18
Choice/Select Spread: 13.19
Total Load Count: 104
         
Cutter Cow Cutout:
187.18… +0.65
    
CME Feeder Cattle Index for March 30th:
131.10… -1.47
    
Futures…
Live Cattle:
April: 101.82… +2.62
June: 92.07… +3.00
August: 93.60… +2.98
    
Feeder Cattle:
April: 121.92… +1.87
May: 122.90… +2.00
August: 128.90… +1.98
      
May Hogs: 52.97… -0.15
May Crude Oil: 20.48… +0.39
    
May Corn: 3.4075… -0.0050
May Soybeans: 8.8600… +0.0375
May Wheat: 5.6875… -0.0075
    
Grain Cash Bids:
Kansas City Corn: 3.41… Unchanged
Kansas City Soybeans: 8.74… +0.04
Kansas City Wheat: 5.52… -0.01
    
Financial Markets:
DJIA: 21,917.16… -410.32
S & P 500: 2,584.59… -42.06
NASDAQ: 7,700.10… -74.05
U.S. Dollar Index: 99.07… -0.11

  

Monday Auction Reports...

Oklahoma National Stockyards Feeder Cattle - Oklahoma City OK
                         This Week   Last Reported   Last Year
Total Receipts: 7,369               1,310              7,405
Compared to last week: Feeder steers and heifers 4.00-10.00 lower. Grazing cattle along with light weight weaned calves 2.00 to 3.00 lower. Demand light to moderate. Futures continue to close in the red causing buyers to be very selective. Quality plain to average, few attractive. Supply included: 100% Feeder Cattle (62% Steers, 37% Heifers, 1% Bulls). Feeder cattle supply over 600 lbs was 70%.
   
Sioux Falls Regional Livestock Report - Worthing SD
                        This Week   Last Reported
Total Receipts: 2,994               532
Compared to last week: Feeder cattle too lightly tested in recent weeks to allow a meaningful comparison with this week's large run. Good demand for this nice offering of feeder cattle this week. The quality ran deep and the market was active as there were plenty of buyers participating. This was the first large sale in the last three weeks and cattle feeders were ready to buy some cattle, but feeling very uncertain at what price level to buy them at. The CME Live Cattle futures are causing great concern as it began a steep plunge immediately after the 120.00 fat market and continued to slide lower again today. Cattle feeders are struggling greatly to buy cattle that fit where the futures are at as they drop faster than the cash can keep up. Many long strings of steers and heifers, including several consignments offered in loads and multiple load lots, flesh condition ranged from light to moderate plus, some carrying a heavy amount. The market was active but buyers were very cognizant of flesh conditions as cost of gain is even more of a concern on a downward trending market. Slaughter cows 10.00 to 13.00 lower, bulls sold with lower undertones. Supply included: 97% Feeder Cattle (71% Steers, 29% Heifers); 3% Slaughter Cattle (91% Cows, 9% Bulls). Feeder cattle supply over 600 lbs was 91%.
  
Carolina Stockyards Livestock Auction - Siler City NC
                      This Week   Last Reported
Total Receipts: 145               216
Compared to last week slaughter cattle down 3.00 to 6.00. Feeder cattle steady. Demand was moderate; market activity and buyer interest were moderate. Offerings light with quality average. Baby calves 60.00. 1 head Supply included: 72% Feeder Cattle (25% Steers, 2% Dairy Steers, 51% Heifers, 22% Bulls); 16% Slaughter Cattle (86% Cows, 14% Bulls); 12% Slaughter Goats (47% Kids, 35% Nannies/Does, 12% Bucks/Billies, 6% Wethers). Feeder cattle supply over 600 lbs was 8%.
   
Mid-South Livestock - Unionville TN
                       This Week   Last Reported
Total Receipts: 622                362
No trends could be established this week on Feeder Cattle due to light offerings last week. Slaughter Cows 10.00-20.00 lower; Slaughter Bulls 20.00 lower. Supply included: 68% Feeder Cattle (36% Steers, 2% Dairy Steers, 47% Heifers, 15% Bulls); 30% Slaughter Cattle (92% Cows, 8% Bulls); 2% Replacement Cattle (100% Bred Cows). Feeder cattle supply over 600 lbs was 17%.
   
Blue Grass South Livestock Market - Stanford KY 
                       This Week   Last Reported
Total Receipts: 285                 300
Compared to last week: Feeders, no comparison due to light test, Slaughter bulls and cows 4.00 to 6.00 lower. Supply included: 60% Feeder Cattle (26% Steers, 45% Heifers, 29% Bulls); 36% Slaughter Cattle (89% Cows, 11% Bulls); 4% Replacement Cattle (36% Bred Cows, 64% Bred Heifers). Feeder cattle supply over 600 lbs was 26%.
  
Dickson Livestock Auction - Dickson TN
                      This Week   Last Reported
Total Receipts: 446                240
There were not enough cattle last week to establish a trend. Supply included: 65% Feeder Cattle (26% Steers, 47% Heifers, 26% Bulls); 28% Slaughter Cattle (85% Cows, 15% Bulls); 7% Replacement Cattle (100% Bred Cows). Feeder cattle supply over 600 lbs was 29%.
   
Swainsboro Stockyard Auction - Swainsboro GA
                      This Week   Last Reported
Total Receipts: 320                 180
Compared to a week ago: Slaughter cows and bulls 13.00 to 15.00 lower, feeder steers, heifers, and bulls mostly steady, steer, heifer, and bull calves mostly steady, replacement cows lightly tested. Supply included: 64% Feeder Cattle (18% Steers, 39% Heifers, 43% Bulls); 36% Slaughter Cattle (88% Cows, 12% Bulls). Feeder cattle supply over 600 lbs was 10%.
   
Eastanollee Livestock Auction - Eastanollee GA 
                       This Week   Last Reported
Total Receipts: 215                 167
Compared to one week earlier. Slaughter cows and bulls 20.00 lower, feeder steers and steer calves steady, feeder bulls and bull calves steady, feeder heifers and heifer calves steady, replacement cows lightly tested. Supply included: 75% Feeder Cattle (15% Steers, 35% Heifers, 49% Bulls); 18% Slaughter Cattle (81% Cows, 19% Bulls); 7% Replacement Cattle (20% Bred Cows, 80% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 4%.
   
Upstate Livestock Exchange - Williamston SC
                       This Week   Last Reported
Total Receipts: 313                 206
No trends available this week due to limited comparable sales. Light offering of average quality cattle with active buyer participation. Supply included: 48% Feeder Cattle (31% Steers, 42% Heifers, 28% Bulls); 39% Slaughter Cattle (89% Cows, 11% Bulls); 4% Replacement Cattle (67% Stock Cows, 33% Cow-Calf Pairs); 9% Slaughter Goats (17% Kids, 17% Nannies/Does, 33% Bucks/Billies, 33% Wethers). Feeder cattle supply over 600 lbs was 6%.
   
Cattlemens Livestock - West Point MS
                       This Week   Last Reported
Total Receipts: 438                 236
Supply included: 65% Feeder Cattle (23% Steers, 60% Heifers, 17% Bulls); 31% Slaughter Cattle (81% Cows, 19% Bulls); 5% Replacement Cattle (7% Stock Cows, 93% Bred Cows). Feeder cattle supply over 600 lbs was 24%.
   
Saluda County Stockyards Inc. - Saluda SC
                      This Week   Last Reported
Total Receipts: 591                 368
No comparisons made this week due to limited comparable sales. Average offerings of average to plain quality cattle with active buyer participation. Supply included: 64% Feeder Cattle (30% Steers, 43% Heifers, 27% Bulls); 31% Slaughter Cattle (88% Cows, 12% Bulls); 2% Replacement Cattle (69% Bred Cows, 31% Cow-Calf Pairs); 1% Slaughter Goats (43% Kids, 14% Nannies/Does, 43% Bucks/Billies); 1% Slaughter Hogs (67% Barrows & Gilts, 33% Sows). Feeder cattle supply over 600 lbs was 8%.
  
Southeast Livestock Exchange - Hattiesburg MS
                       This Week   Last Reported
Total Receipts: 385                 198
Compared to last week feeder steers were higher 1-5 ; feeder heifers were higher 1-4 ; feeder groups were weaned with shots and reported as 1-2s ; slaughter cows were lower 1-8 ; slaughter bulls were lower 1-4 Supply included: 65% Feeder Cattle (32% Steers, 58% Heifers, 11% Bulls); 20% Slaughter Cattle (89% Cows, 11% Bulls); 15% Replacement Cattle (100% Bred Cows). Feeder cattle supply over 600 lbs was 20%.
   
Dothan Livestock Co - Dothan AL
                      This Week   Last Reported
Total Receipts: 931                492
Compared to one week ago: Slaughter cows and bulls sold sharply lower. Feeder classes sold mostly steady. Replacement cows and pairs sold steady. Trade was active with good demand. Supply included: 65% Feeder Cattle (45% Steers, 30% Heifers, 25% Bulls); 26% Slaughter Cattle (80% Cows, 20% Bulls); 9% Replacement Cattle (56% Bred Cows, 44% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 39%.
   
Tadlock Stockyard - Forest MS
                        This Week   Last Reported
Total Receipts: 1,096                650
Compared to last week feeder steers were Steady to 5 higher, feeder heifers were Steady, slaughter cows were 14-18 Lower, and Slaughter bulls were 5-10 lower. Grouped feeder cattle are listed as M&L 1&2 Supply included: 50% Feeder Cattle (59% Steers, 31% Heifers, 10% Bulls); 29% Slaughter Cattle (80% Cows, 20% Bulls); 20% Replacement Cattle (50% Bred Cows, 50% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 37%.
   
United Producers Inc. - Irvington KY
                      This Week   Last Reported
Total Receipts: 785                201
Compared to last week: Feeder steers and feeder heifers sold mostly steady. Slaughter cows and slaughter bull sold 5.00 to 10.00 lower returning to near prices before last week’s increases. Supply included: 86% Feeder Cattle (24% Steers, 8% Dairy Steers, 41% Heifers, 27% Bulls); 14% Slaughter Cattle (74% Cows, 26% Bulls); 0% Replacement Cattle (67% Stock Cows, 33% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 28%.
   
Tri-State Livestock Auction Market - McCook NE
                         This Week   Last Reported
Total Receipts: 1,650                690
Not enough to show comparisons. Supply included: 100% Feeder Cattle (78% Steers, 22% Heifers). Feeder cattle supply over 600 lbs was 70%.
   
Cleburne County Livestock Auction - Heber Springs AR
                      This Week
Total Receipts: 260
No trend available no sale two weeks previous. Supply was light, demand was strong for high quality grass ready cattle on weights under 550 lb. Heavier weights not as attractive. Supply included: 63% Feeder Cattle (41% Steers, 36% Heifers, 23% Bulls); 14% Slaughter Cattle (89% Cows, 11% Bulls); 23% Replacement Cattle (18% Stock Cows, 33% Bred Cows, 48% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 10%.
   
Russell Feeder Cattle Auction - Russell IA
                         This Week   Last Reported
Total Receipts: 1,400                3,157
No trend as no recent report. Trade active with good demand. Supply included: 100% Feeder Cattle (64% Steers, 34% Heifers, 2% Bulls). Feeder cattle supply over 600 lbs was 76%.
   
El Reno Cow and Bull Sale - El Reno OK 
                        This Week   Last Reported
Total Receipts: 207                 1,918
Compared to last week: Slaughter cows 6.00-8.00 lower on a light test. Slaughter bulls not well tested, but instances of 10.00 lower. Demand mostly moderate. The estimated dressed cost at OKC West: Lean cows 134.65; Boners 136.40; Breakers 126.65; Light weight cows 119.45. Bulls 148.70. A total of 202 cows and bulls sold with 71 percent going to packers. Supply included: 26% Feeder Cattle (100% Steers); 70% Slaughter Cattle (72% Cows, 28% Bulls); 4% Replacement Cattle (29% Bred Cows, 43% Bred Heifers, 29% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 0%.
   
Tennessee Valley Livestock - Florence AL
                       This Week   Last Reported
Total Receipts: 567                 248
Compared to two weeks ago: Slaughter cows sold 3.00 to 5.00 higher, Slaughter bulls sold 1.00 to 2.00 lower. Feeder cattle sold sharply higher. Trade active with good demand on feeders. Replacement cattle sold mostly steady. Supply included: 44% Feeder Cattle (14% Steers, 49% Heifers, 38% Bulls); 34% Slaughter Cattle (85% Cows, 15% Bulls); 22% Replacement Cattle (85% Bred Cows, 15% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 26%.
  
Carroll County Livestock Auction - Carrollton GA
No trends available. Supply included: 67% Feeder Cattle (26% Steers, 35% Heifers, 39% Bulls); 25% Slaughter Cattle (97% Cows, 3% Bulls); 8% Replacement Cattle (100% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 14%.