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Daily Market Summary for November 14th

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: +0.23%
Compared to 10 Days Ago: +2.81%
Compared to 60 Days Ago: +15.18%​
   

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 November 14th

  

Slaughter Cattle

As of 3:00 PM Thursday, in Nebraska negotiated cash trading and demand have been moderate. Thus far for the week live cash trades have moved mostly steady at 115.00, with a few up to 116.50. Compared to last week’s bulk, dressed cash trades moved 1.00 higher at 182.00. So far for Thursday in the Western Cornbelt negotiated cash trading has been slow on light demand. Thus far for the week live cash trades moved unevenly steady from 114.00 to 116.00, with the bulk at 115.00, and dressed cash trades, on a light test, have moved steady to 1.00 higher at 182.00. Thus far for Thursday in the Southern Plains negotiated cash trading has been at a standstill. Wednesday was the last reported live cash market with live cash trades at 115.00.

    

Negotiated Sales:

Confirmed: 17,160 --- Week Ago: 16,740 --- Year Ago: 2,535

  

Formula Net - Dressed Steers & Heifers:

Head count priced today: 29,800
Weighted avg weight:             894
Weighted avg net price:    184.33

           

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle Wednesday saw no new trade to report, dressed bids have been reported at 242.00 delivered. Bids are 1.00 higher than the previous week. Buying interest has been noted from all three western Canadian packers.  With larger non-fed volumes through commercial auction facilities, this could take some hook space away from A grade cattle. Processing margins are positive, and packers are seeing good value in the cattle. Seasonally we should start to see a leverage shift, as the cattle feeder should be gaining leverage over the packer. 

      

Livestock Slaughter under Federal Inspection:              

                                   Cattle       Calves    Hogs         Sheep
Thursday (est)        118,000    2,000      488,000      7,000
Week ago (est)       118,000    2,000      491,000      7,000
Year ago (act)          122,000    2,000      476,000      9,000
Week to date (est)  467,000    9,000   1,916,000    31,000
Last Week (est)       470,000    8,000   1,965,000    31,000
Last Year (act)         473,000    9,000   1,880,000    33,000
Previous Day Estimated   Steers & Heifers --- Cows & Bulls 
                   Wednesday           91,000                     27,000

                                                                                                 

Boxed Beef:

Boxed beef cutout values lower on light to moderate demand and moderate to heavy offerings. Select and Choice chuck and round cuts steady to weak while loin cuts weak to lower. Choice rib cuts steady while Select lower. Beef trimmings mostly sharply higher on moderate to good demand and moderate offerings.
 
Cutout Values...                 Choice     Select
Current Cutout Values:     241.06     215.84
Change from prior day:        -1.28       -1.69
Choice/Select spread:          25.22
Total Load Count (Cuts, Trimmings, Grinds): 139

  

Cutter Cow Cutout: 184.59… +1.77

 

CME Feeder Cattle Index: 147.39... -0.05

  

Futures…

Live Cattle:
December: 119.07… +0.97
February: 124.92… +0.82
April: 126.10… +0.43
Feeder Cattle:
November: 146.62… +1.05
January: 144.05… +1.23
March: 144.07… +0.75
---
December Hogs: 62.75… -0.37
December Crude Oil: 56.77… -0.35
---
December Corn: 3.7575… +0.0050
January Soybeans: 9.1675… +0.0150
December Wheat: 5.0775… -0.0125
---
Grain Cash Bids:
Kansas City Corn: 3.82… +0.02
Kansas City Soybeans: 8.77… +0.07
Kansas City Wheat: 4.98… -0.01
---

Financial Markets:

Dow Jones Industrial Average: 27,782.24… -1.35
S & P 500: 3,096.66… +2.63
NASDAQ: 8,479.02… -3.08
U.S. Dollar Index: 98.18… -0.19
   

Wednesday Auction Reports

OKC West - El Reno OK
                        This Week   Last Reported   Last Year
Total Receipts: 8,104             10,595             7,135
Compared to last week: Feeder steers sold steady to 2.00 higher. Feeder heifers traded steady to 2.00 lower. Demand moderate, good for true yearlings. Steer calves under 500 lbs sold steady, 500-600 lbs traded 2.00-3.00 higher. Heifer calves to lightly tested for an accurate trend. Demand moderate to good. Quality average to attractive. All cattle flagged as Value Added are part of the annual Noble Foundation's Integrity Beef offering, theses cattle are all weaned a minimum of 60 days and have had multiple rounds of vaccinations. Supply included:100% Feeder Cattle (57% Steers, 40% Heifers, 0% Cows, 3% Bulls). Feeder cattle supply over 600 lbs was 67%.
   
Greenville Livestock Inc. - Greenville IL
                      This Week   Last Reported
Total Receipts: 663                473
Compared to last week, slaughter steers and slaughter heifers sold 3.75 to 5.25 higher. Slaughter dairy steers sold 2.00 higher. Slaughter dairy heifers were lightly tested. Trade was active with good demand. Supply included: 100% Slaughter Cattle (47% Steers, 6% Dairy Steers, 44% Heifers, 1% Cows, 1% Dairy Heifers).
  
Southern Oklahoma Livestock Auction - Ada OK
                        This Week   Last Reported
Total Receipts: 1,669            3,573
Compared to last week: Feeder steers and heifers steady to 4.00 higher. Steer calves 2.00-6.00 higher. Heifer calves 4.00-8.00 higher. Demand good. Quality average to attractive. Supply included: 100% Feeder Cattle (44% Steers, 48% Heifers, 7% Bulls). Feeder cattle supply over 600 lbs was 18%.
  
New Holland Sales Stables - New Holland PA
                      This Week   Last Reported
Total Receipts: 552                189
Compared to last week, Fresh milking Holstein cows sold steady to 100.00 higher on a very light test. Bred cows not tested. Springing Holstein cows sold steady on a very light test. Bred and Open heifers sold mostly steady compared to a light test last week. No Holstein bulls last week for a comparison. Offerings included 54 fresh milking cows, 10 springing cows, 4 bred cows, 65 springing heifers, 207 bred heifers, 202 open heifers, and 10 bulls. Reported supply included: 100% Replacement Dairy Cattle (5% Fresh/Milking Cows, 0% Bred Cows, 1% Springer Cows, 14% Bred Heifers, 11% Springer Heifers, 14% Open Heifers, 54% Bulls).
  
Springfield Livestock Auction - Springfield MO
                       This Week   Last Reported   Last Year
Total Receipts: 1,485             2,015               1,619
Compared to last week, steers steady to 5.00 higher, heifers steady. Holsteins compared to three weeks ago, under 600 lbs 8.00 to 10.00 lower, 600 to 700 lbs 1.00 to 5.00 lower, 750 to 900 lbs steady, over 950 lbs 5.00 higher. Demand moderate to good, supply moderate. Supply included: 100% Feeder Cattle (36% Steers, 29% Dairy Steers, 31% Heifers, 4% Bulls). Feeder cattle supply over 600 lbs was 57%.
  
Blue Grass Stockyards - Albany KY
                      This Week   Last Reported
Total Receipts: 502               1,035
Compared to last week: Steers and heifers traded steady to 1.00 higher. Slaughter cows and bulls 1.00 higher. Good demand, receipts light due to the extremely cold temperatures. Supply included: 88% Feeder Cattle (48% Steers, 35% Heifers, 17% Bulls); 10% Slaughter Cattle (80% Cows, 20% Bulls); 2% Replacement Cattle (100% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 44%.
  
Winter Livestock Feeder Cattle Auction - Dodge City KS
                       This Week   Last Reported
Total Receipts: 2,402             4,743
Compared to last week: Feeder steers not enough comparable weights for a market test. A few consignments of thin cattle off grass weighing 850-950 lbs offered today. Feeder heifers limited comparable weights for a market test, lower undertone noted. Steer calves sold unevenly steady using a limited test. Heifer calves lower undertone noted. Overall, demand good to very good, quality average to attractive. Slaughter cows sold steady to 2.00 higher. Bulls sold steady to 1.00 higher using a limited test. Supply included: 87% Feeder Cattle (57% Steers, 41% Heifers, 1% Bulls); 10% Slaughter Cattle (86% Cows, 14% Bulls); 3% Replacement Cattle (96% Bred Cows, 4% Bulls). Feeder cattle supply over 600 lbs was 60%.
  
Hub City Livestock Auction - Aberdeen SD
                       This Week   Last Reported
Total Receipts: 5,273            6,350
Compared to last week: steer calves 450 to 500 lbs 3.00 to 4.00 lower, 501 to 700 lbs mostly steady. Yearling steers 900 to 950 lbs 3.00 to 4.00 lower, 951 to 1000 lbs steady to 3.00 lower with instances 10.00 lower on both weight classes. Heifer calves 450 to 600 lbs mostly steady. Yearling heifers 800 to 850 3.00 to 4.00 higher. Good demand for strings, loads, and a few packages that made up today's yearling offering with very good demand seen for a few loads of heifers off grass. Slightly more flesh on the yearlings this week, especially steers as most of these came out of feed yards. Moderate to good demand for many packages and a hand full of loads of spring calves offered today. Quality mostly average to attractive with slightly more flesh on the calves than last week, from light to moderate plus at times. Similar to last week, most of the calves had all their shots, or at least a full round of fall shots. A few packages with just 7 way were discounted. An active market for today's offering with order buyers and some farmer feeders attending the sale again today. Many producers are still working on corn harvest. Warmer weather is predicted for this week. Supply included: 100% Feeder Cattle (60% Steers, 40% Heifers). Feeder cattle supply over 600 lbs was 58%.
   
Vienna Livestock Auction - Vienna MO
                       This Week   Last Reported
Total Receipts: 1,830             1,087
Compared to last week, feeder steers were mostly steady, heifers sold mostly steady to 10.00 higher. Slaughter cows were mostly steady, while there was not an efficient number of replacement cattle to establish a market trend. Supply was moderate, demand moderate to good.  Supply included: 95% Feeder Cattle (55% Steers, 45% Heifers, 0% Bulls); 4% Slaughter Cattle (84% Cows, 16% Bulls); 0% Replacement Cattle (100% Stock Cows). Feeder cattle supply over 600 lbs was 65%.
  
Public Auction Yards - Billings MT
                        This Week   Last Reported
Total Receipts: 2,953             2,520
Compared to last week: All feeder cattle were too lightly tested last week to develop an accurate market trend, weak to lower undertones were noticed on all classes of feeder calves. Yearling heifers offered the best comparisons to last week, these offerings sold 2.00-4.00 higher. Quality was mostly plain today and offered in small packages or as singles. Rain and snow fell yesterday causing muddy pen conditions. Many calves showed signs of stress as a result of the weather. Demand for all feeder cattle was light for light offerings. Market activity was slow. Weigh up cows sold on mostly light to moderate demand for heavy offerings. Over 2,000 head of cows were on offer this sale. Slaughter cows sold on mostly moderate demand. Slaughter cows sold steady to 2.00 higher this week. Packers opted to send some better-quality cows to harvest this week and feed most of the sound, thin cows.
   
Athens Livestock Auction - Athens GA
                      This Week   Last Reported
Total Receipts: 564                 762
Compared to a week earlier, slaughter cows 3.00 to 4.00 higher, slaughter bulls 4.00 to 5.00 higher, feeder steers and steer calves lightly tested, feeder bulls and bull calves 2.00 to 4.00 higher, feeder heifers and heifer calves steady, replacement cows lightly tested Supply included: 70% Feeder Cattle (5% Steers, 46% Heifers, 49% Bulls); 16% Slaughter Cattle (83% Cows, 17% Bulls); 14% Replacement Cattle (67% Bred Cows, 33% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 15%.
  
North Arkansas Livestock Auction - Green Forest AR
                        This Week   Last Reported
Total Receipts: 1,365               2,224
Compared to last week: Feeder steers uneven with the better kind mostly steady to 4.00 higher except the 500-550 lbs 7.00 lower and the plainer kind mostly steady to 2.00 lower. Feeder heifers 1.00 -5.00 higher except the better 300-400 lbs steady to 5.00 lower. No trend on cows and bulls not reported last week. Supply included: 92% Feeder Cattle (50% Steers, 0% Dairy Steers, 42% Heifers, 9% Bulls); 5% Slaughter Cattle (87% Cows, 13% Bulls); 3% Replacement Cattle (8% Stock Cows, 63% Bred Cows, 30% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 24%.
  
McAlester Union Livestock Auction - McAlester, OK
                       This Week   Last Reported
Total Receipts: 2,620               2,820
Compared to last week; Steer calves 6.00 to 11.00 higher. Heifer calves 6.00 to 9.00 higher. Demand was good. Quality was mostly attractive. Slaughter cows Breakers and Boners 2.00 lower, Leans 3.00 higher. Slaughter bulls 2.00 higher. A total of 270 cows and bulls sold with 77 percent going to packers Supply included: 90% Feeder Cattle (50% Steers, 43% Heifers, 7% Bulls); 8% Slaughter Cattle (88% Cows, 12% Bulls); 2% Replacement Cattle (80% Bred Cows, 20% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 20%.
  
Huss Platte Valley Auction - Kearney NE
                         This Week   Last Reported
Total Receipts: 3,815                3,360
Compared to last week steers under 700 lbs sold steady to 5.00 higher except 550-600 lbs sold 4.00 lower. Heifers 400-650 lbs sold steady to 3.00 lower. Demand was good from the buyers in the crowd. Supply included: 100% Feeder Cattle (59% Steers, 41% Heifers). Feeder cattle supply over 600 lbs was 42%.
  
Lucedale Livestock Auction - Lucedale MS
                      This Week   Last Reported
Total Receipts: 312                823
Compared to last week slaughter cows steady; slaughter bulls firmer; feeder steers mixed; feeder heifers firmer; feeder heifers’ quality was mostly plain Supply included: 50% Feeder Cattle (45% Steers, 30% Heifers, 25% Bulls); 18% Slaughter Cattle (88% Cows, 12% Bulls); 32% Replacement Cattle (65% Bred Cows, 26% Bred Heifers, 9% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 35%.
  
Roanoke Stockyard - Roanoke AL
                       This Week   Last Reported
Total Receipts: 1,050              1,329
Compared to one week ago: Slaughter cows and bulls sold 3.00 to 7.00 higher. Replacement cows and pairs sold steady, with a few fancy replacement cows that sold up to 1300.00. Feeder classes sold 2.00 to 6.00 higher. Supply included: 84% Feeder Cattle (25% Steers, 34% Heifers, 41% Bulls); 8% Slaughter Cattle (79% Cows, 21% Bulls); 7% Replacement Cattle (15% Stock Cows, 77% Bred Cows, 8% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 16%.
   
Athens Cattle Auction - Athens TN
                         This Week   Last Reported
Total Receipts: 1,095              1,685
Compared to last week, feeder steers and bulls weighing up to 500 lbs. sharply higher, with increased buyer activity noted; and those weighing over 500 lbs. remaining mostly steady overall. Feeder heifers measuring 2.00 to 3.00 lower overall. Slaughter cows gauging 5.00 higher overall, with slaughter bulls 1.00 higher. Supply included: 76% Feeder Cattle (28% Steers, 1% Dairy Steers, 48% Heifers, 23% Bulls); 14% Slaughter Cattle (94% Cows, 6% Bulls); 9% Replacement Cattle (4% Stock Cows, 46% Bred Cows, 32% Bred Heifers, 11% Cow-Calf Pairs, 7% Bulls). Feeder cattle supply over 600 lbs was 29%.
   
Bassett Livestock Auction Market - Bassett NE
                        This Week   Last Reported
Total Receipts: 1,675            2,130
Compared with last week a high demand for 500 lbs steers trading 16.00 higher and 550 lbs steers trading 7.00 higher. No comparable offerings for Heifers a trend will not be given. Light snow and colder weather in the area. Total Weigh Ups for the day 425 head. Next Auction Dates for Nov 20th expecting 3000 head, Nov 27th Special Cow and Pair Auction. Supply included: 100% Feeder Cattle (78% Steers, 22% Heifers). Feeder cattle supply over 600 lbs was 26%.
  
West Fargo Feeder Cattle Wtd Avg - West Fargo ND
                        This Week
Total Receipts: 1,450
No recent sales comparable available for comparison. A few yearlings and a nice offering of spring calves in town for the annual "Sand Hills" feeder calf sale. Several strings of feeder calves provided buyers with very attractive and uniform loads. The majority of the calves had double shots and were short term weaned. Demand very good for the few yearlings and also for calves that were preconditioned and showing light flesh. Supply included: 100% Feeder Cattle (71% Steers, 28% Heifers, 1% Bulls). Feeder cattle supply over 600 lbs was 29%.
   
United Producers Inc. - Vincennes IN
                       This Week   Last Reported
Total Receipts: 258                  409
No comparison to last week, due to no coverage last week, but slaughter steers and heifers had a higher undertone with higher packer inquiry this week. Cows and bulls had a lower undertone with all classes of feeder cattle a lower undertone was noted. Supply included: 17% Feeder Cattle (5% Steers, 58% Heifers, 37% Bulls); 83% Slaughter Cattle (53% Steers, 3% Dairy Steers, 30% Heifers, 9% Cows, 3% Bulls, 2% Dairy Heifers). Feeder cattle supply over 600 lbs was 37%.
   
Russell Co. Stockyard - Russell Springs KY
                      This Week   Last Reported
Total Receipts: 315                 779
Compared to last week: Feeder steers ---3.00-5.00 higher and Feeder heifers---3.00-4.00 higher. Slaughter cows steady to 1.00 higher and bulls 1.00 higher. Today’s receipts 315 hd. Last year’s receipts --487 hd. Supply included: 89% Feeder Cattle (35% Steers, 2% Dairy Steers, 50% Heifers, 12% Bulls); 10% Slaughter Cattle (87% Cows, 13% Bulls); 1% Replacement Cattle (100% Bred Cows). Feeder cattle supply over 600 lbs was 22%.