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Daily Market Summary for June 3rd

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: -1.40%
Compared to 10 Days Ago: -3.27%
Compared to 60 Days Ago: +6.82%​
   

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 June 3rd

  
Slaughter Cattle:
As of 3:00 PM Wednesday, trade and demand were moderate in all feeding regions. Compared to Tuesday in the Texas Panhandle, live purchases traded steady at 117.00. In Kansas compared to Tuesday, live purchases traded steady to 7.00 lower mostly from 110.00-117.00. In Nebraska compared to Monday, live purchases traded 1.00-9.00 lower from 109.00-117.00, bulk at 117.00. Dressed purchases compared to Tuesday, traded unevenly steady mostly from 175.00-185.00. In the Western Cornbelt compare to Tuesday, dressed purchases traded unevenly steady mostly from 175.00-185.00. The latest established live market in the Western Cornbelt was on Tuesday, with live purchases mostly at 113.00-114.00.                              
    
Negotiated Sales:
Confirmed:            44,015
Week Ago:             24,735
Year Ago:                 6,988
       
Formula Net
Dressed Steers & Heifers:
Head count priced today:  17,800
Weighted avg. weight:       892 lbs.
Weighted avg. net price:    190.38
         
Cattle Slaughter under Federal Inspection:
Wednesday (est)               114,000
Week ago (est)                  110,000
Year ago (act)                    120,000
Week to Date                    340,000
Same Period Last Week   220,000
Same Period Last year     360,000
Previous Day (est)
Steers & Heifers:  92,000
Cows & Bulls:        24,000
                                                                                                               
Boxed Beef:
Cutout Values:
Choice: 295.90… -22.83
Select:  276.78… -13.80
Choice/Select Spread: 19.12
Total Load Count: 141
         
Cutter Cow Cutout:
227.87… -8.82
    
CME Feeder Cattle Index for June 2nd:
128.65… +0.40
           
Futures…
Live Cattle:
June: 95.45… +0.15
August: 97.35… +1.15
October: 99.97… +0.55
    
Feeder Cattle:
August: 134.22… +0.80
September: 135.77… +0.87
October: 136.57… +0.90
      
July Hogs: 48.65… -3.75
July Crude Oil: 37.29… +0.48
    
July Corn: 3.2400… -0.0025
July Soybeans: 8.5750… +0.0700
July Wheat: 5.1200… +0.0400
    
Grain Cash Bids:
Kansas City Corn: 3.28… Unchanged
Kansas City Soybeans: 8.45… +0.03
Kansas City Wheat: 5.00… +0.12
    
Financial Markets:
DJIA: 26,269.89… +527.24
S & P 500: 3,122.87… +42.05
NASDAQ: 9,682.91… +74.53
U.S. Dollar Index: 97.22… -0.47

    

Tuesday Auction Reports...

Ozark Regional Stockyards - West Plains MO
                        This Week   Last Reported   Last Year
Total Receipts: 4,462             4,590               3,069
Compared to last week, steer and heifer calves and yearling steers traded steady to 3.00 higher with yearling heifers not well tested. Demand was good on a heavy supply. There was another large run today even though the dry weather and sunshine has many beginning the hay harvest. Receipts for May were 39 percent higher than a year ago while year to date numbers are 16 percent behind last year. Supply included: 100% Feeder Cattle (58% Steers, 40% Heifers, 2% Bulls). Feeder cattle supply over 600 lbs was 47%.
   
Oklahoma National Stockyards Slaughter/Replacement Cattle - Oklahoma City, OK
                       This Week   Last Reported   Last Year
Total Receipts: 905                 517                   408
Compared to the last sale two weeks ago: Slaughter cows 1.00-6.00 lower, except Boner cows 2.00-3.00 higher. Slaughter bulls sold mostly steady. Demand very good for slaughter cows in moderate to heavy flesh. Demand also very good for slaughter bulls. Quality of replacement cows mostly average and these sold to moderate demand. A total of 415 cows and bulls sold with 55 percent going to packers. **Please note, the estimated dressed cost will be suspended until further notice. *** Supply included: 54% Feeder Cattle (100% Steers); 25% Slaughter Cattle (90% Cows, 10% Bulls); 21% Replacement Cattle (71% Bred Cows, 3% Bred Heifers, 25% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 0%.
   
Dixie Livestock - Oak Park GA
                        This Week   Last Reported   Last Year
Total Receipts: 452                  385                   639
Compared to a week ago: Slaughter cows and bulls mostly steady, feeder steers, heifers, and bulls mostly steady, steer and heifer calves unevenly steady, bull calves steady, replacement cows lightly tested. Supply included: 91% Feeder Cattle (30% Steers, 34% Heifers, 36% Bulls); 9% Slaughter Cattle (95% Cows, 5% Bulls). Feeder cattle supply over 600 lbs was 35%.
   
Franklin County Livestock - Carnesville, GA
                         This Week   Last Reported
Total Receipts: 1,040               1,053
Compared to one week earlier. Slaughter cows and bulls mostly steady, feeder steers and steer calves steady, feeder bulls and bull calves steady, feeder heifers and heifer calves steady, replacement cows steady. Supply included: 72% Feeder Cattle (10% Steers, 33% Heifers, 57% Bulls); 18% Slaughter Cattle (87% Cows, 13% Bulls); 11% Replacement Cattle (79% Bred Cows, 21% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 20%.
  
Cattlemen's Livestock Auction - Lakeland FL
                      This Week   Last Reported   Last Year
Total Receipts: 410                276                   580
Compared to one week ago: Slaughter cows and bulls 1.00 to 2.00 higher. Feeder steers, bulls, and heifers mostly steady. Supply included: 63% Feeder Cattle (54% Steers, 46% Heifers); 37% Slaughter Cattle (91% Cows, 9% Bulls). Feeder cattle supply over 600 lbs was 7%.
   
Brookhaven Stockyard - Brookhaven, MS
                       This Week   Last Reported
Total Receipts: 122                 98
Good day, As compared to last week’s market slaughter cows and bulls were 2-5 higher. Feeder calves were steady. Supply included: 75% Feeder Cattle (52% Steers, 29% Heifers, 20% Bulls); 11% Slaughter Cattle (67% Cows, 33% Bulls); 15% Replacement Cattle (33% Bred Cows, 67% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 31%.
   
Blue Grass Stockyards - Lexington, KY
                        This Week   Last Reported
Total Receipts: 1,651                978
Compared to last Tuesday feeder steers under 600 lbs sold 2.00 to 4.00 higher with very good demand. Yearling steers sold 3.00 to 6.00 higher with very good demand. Feeder heifers sold steady to 2.00 higher with best demand for 500-600 lbs and yearlings. Slaughter cows sold 1.00 to 2.00 lower in a light test. Slaughter bulls sold steady. Good buyer participation on an active market today. Very good calf quality today with many weaned offerings and good quality yearlings on offer. Supply included: 95% Feeder Cattle (70% Steers, 27% Heifers, 3% Bulls); 3% Slaughter Cattle (79% Cows, 21% Bulls); 2% Replacement Cattle (13% Bred Cows, 87% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 64%.
  
Winter Livestock - La Junta CO
                         This Week   Last Reported
Total Receipts: 1,034               1,245
Compared with a couple of weeks ago feeder steers and heifers lightly tested. Slaughter cows 2.00 higher. Slaughter bulls steady. In conjunction with the regular sale a special cow -calf pair sale. Demand moderate to good. Supply included: 12% Feeder Cattle (60% Steers, 40% Heifers); 15% Slaughter Cattle (71% Cows, 29% Bulls); 73% Replacement Cattle (20% Stock Cows, 80% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 32%.
   
Miles City Livestock Commission Auction - Miles City, MT
                        This Week   Last Reported   Last Year
Total Receipts: 2,102             1,563                1,217
Compared to two weeks ago: Feeder steers and heifers were too lightly tested to develop an accurate market trend; however higher undertones were noticed on all classes. Quality this week was mostly average, however a limited offering of attractive quality replacement heifers were seen as well. The majority of feeders were offered in small to moderate size packages. Demand was mostly moderate to good. Demand for replacement quality heifers was mostly good with many ranchers in the stands actively bidding on offerings. CME positions have seen considerable gains for two weeks ago which helped support a higher market this week. Market activity was moderate to active. Weigh up cows sold on mostly good to very good demand for heavy offerings.
   
Mid-State Stockyards LLP - Letohatchee AL
                         This Week   Last Reported   Last Year
Total Receipts: 1,623               1,170               1,258
Compared to one week ago: Slaughter cows and bulls sold 5.00 to 8.00 higher. Replacement cows and pairs sold steady. Feeder cattle sold 1.00 to 5.00 higher. Supply included: 82% Feeder Cattle (33% Steers, 46% Heifers, 21% Bulls); 14% Slaughter Cattle (91% Cows, 9% Bulls); 4% Replacement Cattle (53% Bred Cows, 47% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 41%.
   
Bowling Green Livestock Auction - Bowling Green KY
                       This Week   Last Reported
Total Receipts: 213                 429
Compared to last week: --Feeder heifers steady to 2.00 lower, Slaughter cows 1.00 lower and bulls steady. Today’s receipts: 213 hd. Supply included: 85% Feeder Cattle (1% Steers, 44% Heifers, 56% Bulls); 8% Slaughter Cattle (77% Cows, 23% Bulls); 8% Replacement Cattle (6% Stock Cows, 88% Bred Heifers, 6% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 25%. Groups of 20 or more: ----Feeder bulls-----21 hd--511 lbs--136.50--blk.
   
McAlester Union Livestock Auction - McAlester, OK
                         This Week   Last Reported   Last Year
Total Receipts: 2,300               1,560               2,875
Compared to two weeks ago, steer calves 6.00 to 10.00 higher. Heifer calves 3.00 to 7.00 higher. Demand was good for all classes. Quality was average through attractive, mostly attractive. Slaughter cows steady to 3.00 higher. Slaughter bulls 3.00 lower. A total of 350 cows and bulls sold with 80 percent going to packers. Supply included: 85% Feeder Cattle (43% Steers, 1% Dairy Steers, 42% Heifers, 14% Bulls); 13% Slaughter Cattle (76% Cows, 24% Bulls); 3% Replacement Cattle (28% Bred Cows, 72% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 22%. 
   
Knoxville Feeder Cattle Auction - Knoxville IA
                         This Week   Last Reported
Total Receipts: 1,346              1,582
No trend as no recent report. Trade active with good demand. Supply included: 100% Feeder Cattle (60% Steers, 40% Heifers). Feeder cattle supply over 600 lbs was 53%.
  
Philip Livestock Auction - Philip, SD
                       This Week   Last Reported
Total Receipts: 2,318             2,404
The last Feeder Cattle Sale was three weeks ago, therefore no market comparisons may be made. Good Demand for a few Loads and Moderate Demand for Many, Many Packages of Feeder Steers and Feeder Heifers which sold on a Moderate Market. Much of the Offering was out of a Lot and carried Moderate to Moderate Plus Flesh. This is the Final Feeder Cattle Special of the Season. The Next Scheduled Feeder Cattle Sale is the Annual Anniversary BBQ Sale July 28th. Supply included: 100% Feeder Cattle (44% Steers, 56% Heifers). Feeder cattle supply over 600 lbs was 65%.
  
Tylertown Stockyard - Tylertown, MS
                       This Week   Last Reported
Total Receipts: 704                  619
Compared to last week feeder steers were higher 1-10; feeder heifers were higher 5-10; feeder calf groups were weaned with shots and reported as 1-2s; slaughter cows were higher 1-4; slaughter bulls steady Supply included: 69% Feeder Cattle (65% Steers, 35% Heifers); 12% Slaughter Cattle (80% Cows, 20% Bulls); 19% Replacement Cattle (40% Bred Cows, 60% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 39%.
   
Callaway Livestock Center - Kingdom City, MO
                       This Week   Last Reported
Total Receipts: 4,363              4,363
Compared to the last auction two weeks ago, steer calves weighing 400-500 lbs sold firm to 2.00 higher, 500-600 lb steers sold fully steady, 600-700 lbs traded steady to spots 2.00 lower, 7 weight steers were lightly tested, with the best test on big yearling steers weighing over 850  lbs sold with a steady to firm undertone. Feeder heifers weighing 400-500 lbs sold steady to 2.00 lower, 500-600 lbs sold steady with 600-650 lbs selling steady to 2.00 lower, and heifers weighing over 650 lbs selling with a steady to firm undertone. Slaughter cows sold firm to 4.00 higher. Callaway Livestock Center came back from the Memorial Day Holiday with their largest sale ever of feeder cattle on offer. A large offering of load lots, with many strings of top-quality feeder cattle on hand had and active market with plenty of buyers on hand as feeders sold with good demand.