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Daily Market Summary for July 19th

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

Change from Previous Day: -0.45%
Change from 10 Days Ago: +1.25%
Change from 60 Days Ago: -3.14%​
   

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 July 19th

 

Slaughter Cattle:  

As of 3:00 PM Friday, negotiated cash trade was limited on light to moderate demand in the Southern Plains and the Western Cornbelt. Trade was inactive on light to moderate demand in Nebraska. Not enough purchases in any feeding region for an adequate market test. The latest established market in the Texas Panhandle was on Thursday with live purchases at 111.00. In Kansas on Wednesday, live purchases traded at 111.00. On Wednesday in Nebraska, live purchases traded from 113.00-113.50 with dressed purchases from 182.00-185.00. In the Western Cornbelt, on Thursday dressed purchases traded from 182.00-185.00 with live purchases on Wednesday mostly from 114.00-116.00.

    

Negotiated Sales:

Confirmed: 4,297 --- Week Ago: 26,593 --- Year Ago: 5,044

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 35,000
Weighted avg weight:             848
Weighted avg net price:    182.12

   

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Thursday saw light trade develop with dressed sales reported at 246.00 delivered. Sales are 1.00-2.00 higher than last week. Most of the cattle that traded this week would be picked up 2-3 weeks. Stronger prices and stronger basis levels week over week did encourage producers to market cattle. 

 

Livestock Slaughter under Federal Inspection:                                  

                                   Cattle       Calves    Hogs          Sheep
Friday (est                118,000     2,000      465,000      5,000
Week ago (est)        116,000     2,000      460,000      5,000
Year ago (act)          120,000     3,000      433,000      6,000
Week to date (est)  599,000   10,000   2,285,000    38,000
Last Week (est)      594,000   10,000   2,374,000    39,000
Last Year (act)         594,000   12,000   2,229,000    35,000
Previous Day Estimated   Steers & Heifers --- Cows & Bulls
                         Thursday          96,000                      25,000                

                         

Boxed Beef: 

Boxed beef cutout values steady on Choice and higher on Select on moderate to good demand and moderate offerings. Select and Choice round and loin cuts steady to firm.  Choice rib cuts firm while Select weak. Choice chuck cuts steady while Select higher. Beef trimmings not fully established.

 

Cutout Values...                 Choice     Select

Current Cutout Values:     213.42     189.51
Change from prior day:       +0.08       +0.90
Choice/Select spread:         23.91
Total Load Count (Cuts, Trimmings, Grinds): 90

  

Cutter Cow Cutout: 174.81… +0.09

  

CME Feeder Cattle Index: 138.67... -1.33

 

Futures…

Live Cattle:
August: 107.60… +0.20
October: 108.50… +0.25
December: 113.17… +0.37
Feeder Cattle:
August: 139.97… +0.55
September: 139.80… +0.33
October: 140.02… +0.30
---
August Hogs: 83.87… +1.10
August Crude Oil: 55.63… +0.33
---
September Corn: 4.3075… +0.0625
August Soybeans: 9.0150… +0.2025
September Wheat: 5.0250… +0.0900
---
Grain Cash Bids:
Kansas City Corn: 4.43… +0.08
Kansas City Soybeans: 8.64… +0.23
Kansas City Wheat: 4.98… +0.10
---

Financial Markets:

Dow Jones Industrial Average: 27,154.41… -68.56
S & P 500: 2,976.61… -18.50
NASDAQ: 8,146.49… -60.75
U.S. Dollar Index: 97.16… +0.37

 

National Feeder & Stocker Cattle Summary

RECEIPTS:      Auctions      Direct    Video/Internet       Total
This Week        149,400      59,200          217,200            425,800
Last Week        135,700      77,700          121,100            335,500
Year Ago          158,300       78,700             5,400             242,400
  
Compared to last week, steers and heifers sold uneven; 3.00 lower to 3.00 higher. Receipts this week were somewhat curtailed as summer returned to the heart of the country. Dangerous heat indexes spread from the Southwest to the Northeast and everywhere in between mid to late week, making it difficult for both man and beast in its aftermath. The worst problem is the humidity that was brought to the midsection of the country after the popup showers and Hurricane Barry moved through. Some rains moved through the Northern Plains with some ranchers in South Dakota still trying to get their first cutting of hay done. Farmers and ranchers have been very focused on moisture needed after last year’s momentous drought that encompassed a vast area of grazing acres. Even though this spring has been extremely wet in places, some areas do need a drink now as heat indexes rise into triple digits.
 
Feedyards were sure hoping that last week’s uptick in futures would follow through this week, however negotiated cash fed cattle showed weakness. The CME Cattle Complex gave back most of the gains of a week ago amid fundamental pressure and the yo-yo of grain futures this time of year. Negotiated cash fed cattle live trade in the Southern Plains this week was steady to 1.00 lower at 111.00, while Nebraska sales were unevenly steady at 113.00 to 113.50. Dressed sales in Nebraska were steady at 182.00 to 185.00. For the week, the Choice cutout closed 0.62 higher lower at 213.42, while Select was 0.09 lower at 189.51. Cattle Slaughter under federal inspection estimated at 651K for the week, 4K less than last week and 16K more than a year ago.
 
The July 1 Cattle on Feed released today reported On Feed at 102 percent; Placements at 98 percent and Marketings at 97 percent. This makes the third month in a row that the On Feed number is the largest since the data series started in 1996. The inventory included 7.01 million steers and steer calves, down 2 percent from the previous year. This group accounted for 61 percent of the total inventory. Heifers and heifer calves accounted for 4.47 million head, up 8 percent from 2018. All cattle and calves in the United States on July 1, 2019 totaled 103 million head, unchanged from the 103 million head on July 1, 2018. The 2019 calf crop in the United States is expected to be 36.3 million head, down slightly from last year's calf crop. Calves born during the first half of 2019 are estimated at 26.5 million head, down slightly from the first half of 2018. Auction volume this week included 57 percent weighing over 600 lbs and 42 percent heifers.

  

Thursday Auction Reports...

Pratt Livestock Auction - Pratt KS
                         This Week   Last Reported   Last Year
Total Receipts:   1,582                 861                  0
Compared to last week: Feeder steers lower undertone prevailed, not enough comparable weights for accurate market trend. Due to short numbers last week, feeder heifers limited comparable weights available, higher undertone noted on 800-850 lbs. Calves lower undertone noted, not enough comparable weights for market test. Overall demand moderate, quality average. Slaughter cows and bulls sold steady to 2.00 lower. Supply included: 85%  Feeder Cattle (31% Steers, 69% Heifers, 0% Bulls); 13% Slaughter Cattle (88% Cows, 12% Bulls); 2% Replacement Cattle (100% Bred Cows). Feeder cattle supply over 600 lbs was 97%.

   

Bluegrass Stockyards South - Stanford KY
                           This Week   Last Reported   Last Year
Total Receipts:   2,142              2,235                   0
Feeder steer and heifer calves steady. Yearling steers and heifers steady. Slaughter cows and bulls steady. Supply included: 96% Feeder Cattle (44% Steers, 7% Dairy Steers, 46% Heifers, 4% Bulls); 4% Slaughter Cattle (80% Cows, 20% Bulls). Feeder cattle supply over 600 lbs was 80%.
  
San Angelo Cattle Auction - San Angelo TX
                          This Week   Last Reported   Last Year
Total Receipts:  1,169                737                   0
Compared to last week steer and heifer calves and yearlings’ firm to 2.00 higher. Slaughter cows and bulls’ firm to 1.00 higher. Stock cows and pairs moderately higher. Trading and demand moderate for calves and yearlings. Trading active, demand good for slaughter cows and bulls and stock cows and pairs. Supply included: 59% Feeder Cattle (50% Steers, 40% Heifers, 10% Bulls); 19% Slaughter Cattle (87% Cows, 13% Bulls); 22% Replacement Cattle (30% Stock Cows, 31% Bred Cows, 39% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 63%.
  
Lucedale Livestock Auction - Lucedale MS
Receipts     This week    453       Last Week    517
Compared to last week slaughter cows trended 1.00 to 2.00 Higher. Slaughter bulls trended Firm. Feeder steers trended Steady. Feeder heifers trended Steady. Feeder consisted of 51 percent steers and 49 percent heifers. Receipts weighing under 600 lbs 64 percent over 600 lbs 13 percent. Total receipts were made up of 77 percent feeders, 11 percent slaughter cows and 12 percent Pairs/Replacements.
  
Stoney Pike Livestock Auction - Logansport IN
                         This Week   Last Reported   Last Year
Total Receipts:    400                  337                   0
Compared to last week slaughter steers and heifers were 2.00 to 6.00 higher with a good offering today. Holstein slaughter steers were 1.00 to 2.00 higher. Slaughter cows were steady to 3.00 higher with bulls 5.00 to 6.00 lower. Feeder cattle had a light offering today, but heifers were trending sharply higher. Supply included: 4% Feeder Cattle (17% Steers, 58% Heifers, 25% Bulls); 96% Slaughter Cattle (35% Steers, 19% Dairy Steers, 38% Heifers, 6% Cows, 1% Bulls, 2% Dairy Heifers). Feeder cattle supply over 600 lbs was 0%.

  

Mitchell Livestock Auction – Mitchell SD
                         This Week   Last Reported   Last Year
Total Receipts:  2,871                5,694               0
Compared to last week: Feeder steers 850-950 lbs. sold steady to 3.00 lower. A higher undertone was noted on lighter cattle with light flesh. Feeder heifers 750-950 lbs. sold steady to 3.00 higher. A large mix of dairy and dairy cross calves today. Price was driven by the quality of the cattle. Demand was good on the light fleshed cattle. Next auction will be July 25th, expecting 5000 plus feeder cattle starting at 8;30 AM Supply included: 100% Feeder Cattle (54% Steers, 7% Dairy Steers, 38% Heifers, 1% Dairy Heifers). Feeder cattle supply over 600 lbs was 86%.
  
Woodward Wtd Avg Cattle - Woodward OK
Receipts 5113 head: Feeder steers over 900 lbs steady, lighter weights 3.00-4.00 lower. Feeder heifers over 800 lbs. steady. lighter weights 3.00 lower. Steer calves 1.00 lower. Limited test on heifer calves. Demand moderate too good for all classes. Fill average to full... Supply included: 0% Feeder Cattle (56% Steers, 43% Heifers, 1% Bulls). Feeder cattle supply over 600 lbs was 95%.
  
Tulia Livestock Auction - Tulia TX
                         This Week   Last Reported
Total Receipts:  2,376                1,544
Compared to last week: Feeder steers and heifers traded mostly steady. Trade was active on good demand. Temperatures reached the tripe digit mark with relief of cooler temperatures insight for the weekend. Slaughter cows and bulls were steady. Supply included: 98% Feeder Cattle (49% Steers, 46% Heifers, 5% Bulls); 1% Slaughter Cattle (68% Cows, 32% Bulls); 1% Replacement Cattle (100% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 84%.

  

Greensboro Livestock Auction - Greensboro GA
                          This Week   Last Reported   Last Year
Total Receipts:   178                  237                    0
Compared to last week: Slaughter cows 3.00 to 6.00 lower, slaughter bulls mostly steady, feeder classes lightly tested, replacement cows lightly tested. Supply included: 46% Feeder Cattle (22% Steers, 22% Dairy Steers, 22% Heifers, 33% Bulls); 45% Slaughter Cattle (92% Cows, 8% Bulls); 9% Replacement Cattle (33% Bred Cows, 67% Cow Calf Pairs). Feeder cattle supply over 600 lbs was 33%.

  

Hope Livestock Auction - Hope AR
                         This Week   Last Reported   Last Year
Total Receipts:   922                1,369                 0
Compared to last week: Feeder steers 2.00-5.00 higher. Feeder heifers steady to 3.00 higher. Slaughter cows steady. Slaughter bulls 2.00 higher Supply included: 91% Feeder Cattle (48% Steers, 42% Heifers, 10% Bulls); 8% Slaughter Cattle (66% Cows, 34% Bulls); 1% Replacement Cattle (80% Bred Cows, 20% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 24%.
  
Paris Stockyards - Pairs KY
                          This Week   Last Reported   Last Year
Total Receipts:  1,629               1,143                 0
Compared to last week feeder steers sold steady, feeder heifers sold steady with good demand. Slaughter cows 1.00-3.00 lower, Slaughter bulls 1.00-2.00 lower. There was good demand for all classes of feeder cattle, with heavy offerings and good buyer activity this week. Buyers showed good interest in steer cattle and cattle with favorable condition as hot weather continues throughout the region with heat of the day storms. Supply included: 89% Feeder Cattle (40% Steers, 1% Dairy Steers, 50% Heifers, 10% Bulls); 8% Slaughter Cattle (83% Cows, 17% Bulls); 3% Replacement Cattle (47% Bred Cows, 44% Cow-Calf Pairs, 9% Bulls). Feeder cattle supply over 600 lbs was 39%.
  
Valentine Livestock Auction - Valentine NE
                           This Week   Last Reported   Last Year
Total Receipts:   1,000               3,840                  0
The Special Fall Bred Cow and Regular Sale consisted of Black and Red Angus, Herefords and Bwf, cows fall bred for Aug to Nov. Demand was good with several buyers and a good crowd on hand for the dispersion of Spring Pairs and Fall bred cows. Next Auction Dates: July 25th, Aug 8th and 22nd. Supply included: 100% Replacement Cattle (68% Bred Cows, 10% Bred heifers, 23% Cow-Calf Pairs).

  

Cedar Livestock Auction... Cedar City UT
                          This Week   Last Reported
Total Receipts:     169                180
Supply included: 69% Feeder Cattle (43% Steers, 48% Heifers, 9% Bulls); 30% Slaughter Cattle (2% Steers, 65% Cows, 33% Bulls); 1% Replacement Cattle (100% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 68%.
  
Douglas County Livestock Auction... Ava MO
                          This Week   Last Reported   Last Year
Total Receipts:    662                  1,734                0
Compared to last week, steer and heifer calves 2.00 to 5.00 lower, yearlings not well tested. Slaughter cows 1.00 to 2.00 lower, slaughter bulls steady. Demand moderate, supply light. A Heat Advisory across the trade area and Excessive Heat Warning across the mid-west curtailed the receipts and demand. Supply included: 77% Feeder Cattle (43% Steers, 3% Dairy Steers, 34% Heifers, 21% Bulls); 20% Slaughter Cattle (91% Cows, 9% Bulls); 3% Replacement Cattle (100% Bred Cows). Feeder cattle supply over 600 lbs was 28%.
  
Farmers & Ranchers Livestock - Salina KS
                          This Week   Last Reported   Last Year
Total Receipts:   2,754                1,937                0
Compared to last week: Extreme heat has hit the area. Many cattle coming off of grass. Steers 650-1050 lbs 1.00-5.00 higher; 650 lbs and under lower undertone noted. Heifers 700-950 lbs 1.00-2.00 lower with some instances 5.00 higher; 600-700 lbs steady to 5.00 higher; 600 lbs and under steady undertone noted. Trade and demand good. Supply included: 100% Feeder Cattle (59% Steers, 41% Heifers). Feeder cattle supply over 600 lbs was 86%.

  

New Cambria Livestock Auction -New Cambria MO
                          This Week   Last Reported   Last Year
Total Receipts:   1,962              1,951                  0
Compared to the last sale three weeks ago, steers and heifers traded 3.00 to 6.00 higher. Slaughter cows steady to 2.00 higher. Strong trade this week despite some very hot weather and another down day for cattle futures. This week's offering included 12 straight pot load lots of green yearlings, all good kind and creating some very active trade. Supply heavy, demand good. Supply included: 97% Feeder Cattle (53% Steers, 47% Heifers); 3% Slaughter Cattle (90% Cows, 10% Bulls). Feeder cattle supply over 600 lbs was 82%.

  

Toppenish Livestock Auction - Toppenish WA
                            This Week   Last Reported
Total Receipts:     1,800              1,500
Compared to last Thursday at the same market. Stocker and feeder cattle 2.00-10.00 higher. Quality more attractive this week compared to previous week's as buyers were able to purchase load lots. Slaughter cows and bulls steady. Trade active with good demand and good buyer attendance. Supply included: 56% Feeder Cattle (66% Steers, 2% Dairy Steers, 32% Heifers); 44% Slaughter Cattle (80% Cows, 20% Bulls); 0% Replacement Cattle (100% Bred Cows). Feeder cattle supply over 600 lbs was 85%.