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Daily Market Summary for September 13th

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: -0.09%
Compared to 10 Days Ago: -1.30%
Compared to 60 Days Ago: -2.87%​
   

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
12 market factors compared to the previous trading day.

 

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Weekly Market Summary

 

Daily Market Summary for September 13th

  

Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been limited on light demand in all feeding regions. In Kansas a few live cash trades moved from 99.00-100.00. However, not enough trades for a full market trend in any feeding region. In the Texas Panhandle the last reported market was Thursday with live trades at 99.00. For the prior week in Kansas live trades moved at 100.00. For the previous week in Nebraska live and dressed trades moved from 99.00-103.00 and mostly 165.00-167.00, respectively. Last week in the Western Cornbelt live and dressed trades moved from 100.00-107.00 and 163.00-168.00, respectively.

    

Negotiated Sales:

Confirmed: 11,476 --- Week Ago: 9,014 --- Year Ago: 12,783

  

Formula Net - Dressed Steers & Heifers

Head count priced today: 25,100
Weighted avg weight:             872
Weighted avg net price:    162.70

      

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Thursday saw light trade develop with dressed sales ranging from 226.00-230.00 delivered. Sales are 6.00-7.00 lower than the previous week. Buyers were indicating cattle that they bought this week would not be lifted until early October. For the cattle feeder it was just another week of marketing the cattle that need to be sold in order to keep weight under control. Sale volumes are light and some cattle will be carried into next week.

 

Livestock Slaughter under Federal Inspection:                                  

                                   Cattle       Calves     Hogs          Sheep
Friday (est                 109,000     2,000      476,000      5,000
Week ago (est)         115,000     2,000      424,000      7,000
Year ago (act)           120,000     3,000      395,000      7,000
Week to date (est)    571,000   10,000   2,419,000    36,000
Last Week (est)         464,000     8,000   1,847,000    29,000
Last Year (act)          601,000   13,000   2,145,000    37,000
Previous Day Estimated   Steers & Heifers --- Cows & Bulls    
                         Thursday           89,000                      25,000           

                                                 

Boxed Beef: 

Boxed beef cutout steady on Select and higher on Choice on moderate to good demand and offerings. Select and Choice rib and round cuts steady to firm while loin cuts firm to higher. Select chuck cuts lower while Choice steady. Beef trimmings steady to weak on moderate demand and offerings.
 
Cutout Values...                 Choice     Select
Current Cutout Values:     219.99     198.60
Change from prior day:      +0.91         0.00
Choice/Select spread:        22.28
Total Load Count (Cuts, Trimmings, Grinds): 127

  

Cutter Cow Cutout: 175.95… +0.16

  

CME Feeder Cattle Index: 136.09… -0.56

  

Futures…

Live Cattle:
October: 98.07… -0.65
December: 104.37… -0.58
February: 111.10… -0.10
Feeder Cattle:
September: 136.50… -0.35
October: 134.57… +0.07
November: 134.02… +0.12
---
September Hogs: 66.47… +3.30
October Crude Oil: 54.85… -0.25
---
December Corn: 3.6875… +0.0150
December Soybeans: 8.9875… +0.0325
December Wheat: 4.8350… -0.0025
---
Grain Cash Bids:
Kansas City Corn: 3.66… +0.01
Kansas City Soybeans: 8.41… -0.03
Kansas City Wheat: 4.71… Unchanged
---

Financial Markets:

Dow Jones Industrial Average: 27,219.52… +37.07
S & P 500: 3,007.38… -2.19
NASDAQ: 8,176.71… -17.76
U.S. Dollar Index: 98.21… -0.10

 

National Feeder & Stocker Cattle Summary

RECEIPTS:    Auctions     Direct      Video/Internet      Total
This Week:     176,400     73,500           122,000           371,900
Last Week:     106,800     58,100             14,700           179,600
Year Ago:       184,400     60,400              44,800           289,600

  

Compared to last week, steers and heifers sold mostly 2.00-6.00 lower, with calves as much as 10.00 lower. Many markets were compared to two weeks ago coming back from last week’s Labor Day Holiday. Continued good demand remains for calves and yearlings. We are entering the time of year where every week we are starting to see more calves coming to market. With winter wheat grazing around the corner demand remains good for feeders. Fall planting and harvest is quickly approaching, with wheat planters rolling in the South and corn choppers and combines starting to make their way out of the machine sheds in the North.
 
Thursday’s USDA crop report was released with corn production forecast at 13.8 billion bushels down 1 percent from August and 4 percent lower from last year. Corn acres for harvest are forecast at 82.0 million acres, unchanged from August and up less than 1 percent from last year. Corn yields are expected to average 168.2 bpa, down 1.3 bushels from August forecast and down 8.2 bushels from 2018. U.S. Soybean production is forecast at 3.63 billion bushels, down 1 percent from August and down 20 percent from last year. Soybean yields are expected to average a record high 47.9 bpa, down .6 bushels from August and down 3.7 bushels from last year. Soybean acers for harvest are forecasted at 75.9 million acers, unchanged from August and down 14 percent from 2018.
 
CME feeder cattle futures responded with triple-digit gains at mid-week to finish the week with October contracts 5.00 higher for the week. Corn futures mover sharply higher on Thursday in response to the USDA crop report. Fed cattle trade was slow to get started this week. As of this writing, Southern Plains live cash traded at 99.00- 100.00, limited trading in Nebraska and Western Cornbelt at 99.00-102.00 live, dressed at 159.00-162.00. CME cattle futures were active mid-week and moved higher on the heels of US trade talks, only to stabilize late week. Slaughter levels were slightly lighter for a non-holiday week at 629,000 head. Looking at the post Labor Day retail landscape usually undergoes a transition from summer to cooler weather. While heat still lingers in many parts of the country beef items continues to hold onto their spot in the meat case and retail ads. Choice boxed-beef on finished the week lower with Friday closing at 220.88 and Select at 198.60 compared to last Friday’s close. Auction volume included 54 percent weighing over 600 lbs and 40 percent heifers.

  

Thursday Auction Reports...

  
    
Pratt Livestock Auction - Pratt KS
                        This Week   Last Reported
Total Receipts: 2,246              1,147
Compared to last week: Feeder steers 800-950 lbs sold 3.00 to 4.00 higher. Feeder heifers limited offerings; lower undertone noted. Calves not enough comparable weights for a market test. Demand good to very good, quality average to attractive. Slaughter cows sold steady to 1.00 lower. Not enough bulls for a market test. Supply included: 92% Feeder Cattle (82% Steers, 18% Heifers); 8% Slaughter Cattle (93% Cows, 7% Bulls). Feeder cattle supply over 600 lbs was 98%.
   
Bluegrass Stockyards South - Stanford KY
                       This Week   Last Reported
Total Receipts: 1,231             1,774
Compared to last Thursday: Feeder steers 6.00-10.00 lower, Feeder heifers 4.00-6.00 lower, Moderate demand for feeder classes except for Loads of heifers they sold with very good demand. Slaughter cows 2.00-4.00 lower, Slaughter bulls 1.00-3.00 lower, Moderate demand for slaughter classes. Supply included: 91% Feeder Cattle (45% Steers, 0% Dairy Steers, 48% Heifers, 7% Bulls); 8% Slaughter Cattle (84% Cows, 16% Bulls); 1% Replacement Cattle (13% Stock Cows, 53% Bred Cows, 33% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 48%.
    
Lucedale Livestock Auction - Lucedale MS
Receipts     This week    542       Last Week    522
Compared to last week slaughter cows trended 1.00 to 5.00 Lower. Slaughter bulls trended Firm. Feeder steers trended 1.00 to 15.00 Lower. Feeder heifers trended 2.00 to 15.00 Lower. Feeder consisted of 61 percent steers and 39 percent heifers. Receipts weighing under 600 lbs 72 percent over 600 lbs 10 percent. Total receipts were made up of 82 percent feeders, 11 percent slaughter cows and 7 percent Pairs/Replacements.
   
Mitchell Livestock Auction – Mitchell SD
Market not reported this week due to very limited feeder cattle offerings. Extremely heavy rains across the trade area causing localized flooding and closing of roads, including interstate 90, kept feeder cattle producers from being able to get cattle loaded and shipped to town. Watch local listings for next feeder cattle auction.
   
Woodward Wtd Avg Cattle - Woodward OK
                        This Week   Last Reported
Total Receipts: 3,800                3,293
Compared to last week: Feeder steers 4.00-5.00 higher, over 900 lbs. steady. Feeder heifers 2.00-6.00 higher, over 850 steadies. Steer calves 2.00 lower limited test. Heifer calves 1.00-2.00 lower. Demand good to very good for feeders, moderate for calves. Fill average, few full. Supply included: 100% Feeder Cattle (60% Steers, 3% Dairy Steers, 35% Heifers, 2% Bulls). Feeder cattle supply over 600 lbs was 81%.
   
Tulia Livestock Auction - Tulia TX
                        This Week   Last Reported
Total Receipts: 1,456              1,090
Compared to last week: Feeder steers and heifers sold steady to 3.00 higher. Trade was fairly active on good demand. Slaughter cows and bulls sold 1.00 to 5.00 lower. Supply included: 96% Feeder Cattle (70% Steers, 29% Heifers, 1% Bulls); 4% Slaughter Cattle (80% Cows, 20% Bulls). Feeder cattle supply over 600 lbs was 74%.
   
Greensboro Livestock Auction - Greensboro GA
                     This Week   Last Reported
Total Receipts: 195                192
Compared to a week ago: Slaughter cows and bulls sharply lower, feeder classes lightly tested, replacement cow lightly tested. Supply included: 62% Feeder Cattle (7% Steers, 28% Heifers, 66% Bulls); 28% Slaughter Cattle (91% Cows, 9% Bulls); 10% Replacement Cattle (100% Bred Cows). Feeder cattle supply over 600 lbs was 10%.
   
Paris Stockyards - Pairs KY
                      This Week   Last Reported
Total Receipts: 1,017               2,316
Compared to last week feeder steers under 600 lbs 4.00-6.00 lower, yearling steers over 600 lbs 2.00-3.00 lower, feeder heifers sold 4.00-6.00 lower. Slaughter cows sold 3.00-5.00 lower; Slaughter bulls sold 2.00-3.00 lower. There was moderate demand for all classes of feeder cattle with moderate offering. Buyers showed good interest in weaned cattle with favorable condition. Supply included: 83% Feeder Cattle (50% Steers, 44% Heifers, 6% Bulls); 12% Slaughter Cattle (90% Cows, 10% Bulls); 5% Replacement Cattle (53% Bred Cows, 47% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 27%.
   
Douglas County Livestock Auction - Ava MO
                       This Week   Last Reported
Total Receipts: 1,159              923
Compared to last week, steers and heifers steady to 3.00 lower. Slaughter cows and bulls 2.00 to 4.00 lower. Demand and supply moderate. Supply included: 71% Feeder Cattle (29% Steers, 52% Heifers, 19% Bulls); 7% Slaughter Cattle (84% Cows, 16% Bulls); 22% Replacement Cattle (50% Bred Cows, 50% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 20%.
   
Farmers & Ranchers Livestock - Salina KS
                        This Week   Last Reported
Total Receipts: 1,643             1,887
Compared to last week: Steers 750-1000 lbs 1.00-4.00 lower; 750-550 lbs 3.00-7.00 lower; 350-550 lbs much lower and not well tested. Heifers 700-950 lbs steady to 2.00 lower; 700 lbs and under lower undertone noted with instances of 7.00-9.00 lower. Trade and demand moderate. Supply included: 100% Feeder Cattle (44% Steers, 1% Dairy Steers, 55% Heifers, 0% Bulls). Feeder cattle supply over 600 lbs was 82%.
   
Cullman Stockyard - Cullman AL
                      This Week   Last Reported
Total Receipts: 968                481
Compared to one week ago: Slaughter cattle sold mostly steady. Feeder steers and bulls sold steady to 2.00 higher, feeder heifers sold 2.00 to 3.00 lower. Trade active with good demand on feeders. Replacement cattle sold mostly steady. Supply included: 57% Feeder Cattle (36% Steers, 28% Heifers, 37% Bulls); 9% Slaughter Cattle (72% Cows, 28% Bulls); 34% Replacement Cattle (71% Bred Heifers, 29% Heifer Pairs). Feeder cattle supply over 600 lbs was 41%.
   
Stoney Pike Livestock Auction - Logansport IN
                      This Week   Last Reported
Total Receipts: 248                319
Compared to last week, slaughter steers and heifers were 4.00 to 5.00 lower with much lower packer inquiry this week. Holstein slaughter steers were 1.00 higher today. Cows were 1.00 to 2.00 higher and bulls were 3.00 to 4.00 lower. All classes of feeder cattle were trending lower except some value-added steers and heifers trending higher. Supply included: 45% Feeder Cattle (31% Steers, 5% Dairy Steers, 41% Heifers, 24% Bulls); 54% Slaughter Cattle (33% Steers, 35% Dairy Steers, 2% Heifers, 26% Cows, 3% Bulls); 0% Replacement Cattle (100% Cow Calf Pairs). Feeder cattle supply over 600 lbs was 15%.
  
Hope Livestock Auction - Hope AR
                       This Week   Last Reported
Total Receipts: 1,059               975
Compared to last week: Feeder steers under 400 lbs. 9.00-12.00 lower; over 400 lbs. steady to 3.00 lower. Feeder heifers unevenly steady. Slaughter cows 3.00-5.00 lower. Slaughter bulls steady to 3.00 lower. Supply included: 78% Feeder Cattle (49% Steers, 36% Heifers, 15% Bulls); 19% Slaughter Cattle (91% Cows, 9% Bulls); 2% Replacement Cattle (30% Bred Cows, 70% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 16%.
   
Toppenish Livestock Auction - Toppenish WA
                       This Week   Last Reported
Total Receipts: 1,600            1,000
Compared to last Thursday at the same market, stocker and feeder cattle 5.00-6.00 lower. In part due to lower Slaughter cattle markets. Slaughter cows and bulls 4.00-7.00 lower as the fall runs have started and supply exceeds demand. Trade slow with light to moderate demand. Supply included: 31% Feeder Cattle (42% Steers, 21% Dairy Steers, 17% Heifers, 2% Bulls, 19% Dairy Heifers); 69% Slaughter Cattle (96% Cows, 4% Bulls). Feeder cattle supply over 600 lbs was 53%.
   
San Angelo Cattle Auction - San Angelo TX
                       This Week   Last Reported
Total Receipts: 1,000               734
Compared to last week steer and heifer calves and yearlings 1.00-3.00 lower. Slaughter cows fully 3.00-5.00 lower; slaughter bulls 1.00-3.00 lower. Stock cows and pairs weak. Trading and demand moderate. Supply included: 58% Feeder Cattle (56% Steers, 39% Heifers, 6% Bulls); 34% Slaughter Cattle (93% Cows, 7% Bulls); 8% Replacement Cattle (58% Stock Cows, 32% Bred Cows, 10% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 58%.
  
I-40 Livestock - Ozark AR
                    This Week   Last Reported
Total Receipts: 895            404
Compared to last week: Feeder steers under 400 lbs sold 7.00 lower, over 400 lbs sold 1.00 lower. Feeder heifers sold 4.00-5.00 lower. Slaughter cows and bulls sold 7.00 lower. Supply included: 74% Feeder Cattle (47% Steers, 41% Heifers, 12% Bulls); 22% Slaughter Cattle (93% Cows, 7% Bulls); 4% Replacement Cattle (14% Stock Cows, 66% Bred Cows, 20% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 7%.
   
Billings Livestock Commission - Billings MT
                      This Week   Last Reported
Total Receipts: 634               2,424
Compared to last week: Yearling steers and heifers were too lightly tested this sale to develop an accurate market trend, however higher undertones were noticed. CME positions took a positive bounce this week giving buyers some confidence in the market. Demand was moderate to good. Quality this week was mostly plain to average and significantly lower than last week. Market activity was moderate. Weigh up cows sold on mostly light demand and offerings. Packers showed light demand for cows this week as they bid on mostly blemished or lame cows for immediate harvest. Slaughter cows sold mostly 2.00-7.00 lower. Feeding buyers showed lighter demand for cows as well. Feeding buyers know seasonally heavier supplies are just around the corner and showed very light demand for thin cows as a result.
    
Apache Livestock Auction - Apache OK
                       This Week   Last Reported
Total Receipts: 1,218             1,158
Compared to last week: Feeder steers and heifers not enough comparable cattle for a market trend. Steer and heifer calves lower on a limited test. Quality fair to attractive with several new crop calves on offer with weak demand. Slaughter cows 4.00 to 6.00 lower. Slaughter bulls too few for a market test. A total of 223 cows and bulls sold with 87 percent going to packers. Supply included: 82% Feeder Cattle (40% Steers, 40% Heifers, 20% Bulls); 16% Slaughter Cattle (96% Cows, 4% Bulls); 2% Replacement Cattle (100% Bred Cows). Feeder cattle supply over 600 lbs was 40%.