Daily Market Summary for December 12th

Updated Monday thru Friday around 4:00 PM CT

See Entire Summary Below


10-Day & 60-Day Market Trendlines
Indicators of cattle/beef market strength

10-Day Market Trendline

Change from Previous Day: +0.25%
Change from 10 Days Ago: -0.17%
Change from 60 Days Ago: -0.14%​
 

60-Day Market Trendline

Trendlines 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.

 

Upcoming Sales...

  


 

 


 

Weekly Market Summary

 

Daily Market Summary for December 12th

   

Slaughter Cattle:  

As of 3:00 PM, Wednesday saw trading in the Texas Panhandle and Nebraska at a standstill. In Kansas and the Western Cornbelt trading has been inactive on very light demand. Not enough trades for a market trend. Last week in the Southern Plains and Nebraska live cash trades moved mostly at 119.00 and dressed cash trades, in Nebraska, moved at 187.00. For the prior week in the Western Cornbelt live cash trades moved mostly at 116.00 and dressed cash trades ranged from 185.00-187.00.

 

Negotiated Sales:

Confirmed: 762    Week Ago: 1,234    Year Ago: 354

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 19,000
Weighted avg weight:       850.00
Weighted avg net price:    189.21

 

Alberta Beef Producers Daily Report:

Alberta direct cattle sales Tuesday saw no new trade to report but there is a chance scattered trade could develop by this afternoon. Technical price levels have improved from the beginning of the week. Even though packers are buying for a short slaughter week buying interest on the cash market is expected to be strong. Fed prices traditionally rally from the first half of December to the second half of December.

 

Livestock Slaughter under Federal Inspection:                                  

                                 Cattle       Calves    Hogs          Sheep
Wednesday (est     120,000    2,000      477,000      9,000
Week ago (est)        120,000    2,000      477,000      8,000
Year ago (act)          120,000    3,000      468,000      7,000
Week to date (est) 361,000    6,000   1,435,000    26,000
Last Week (est)       360,000    6,000   1,422,000    25,000
Last Year (act)          354,000    7,000   1,398,000    25,000

 

Boxed Beef: 

Boxed beef cutout values steady on Select and sharply lower on Choice on light to moderate demand and moderate to heavy offerings. Select and Choice chuck and rounds cuts steady to weak while rib cuts lower. Choice loin cuts weak while Select higher. Beef trimmings mostly slightly to moderately lower on light demand and light to moderate offerings.
Cutout Values...              Choice       Select
Current Cutout Values:    212.25     201.57
Change from prior day:      -2.21       +0.18
Choice/Select spread:      +10.68

 

Live Cattle Futures:

December: 119.12… +0.75
February: 122.90… +0.75
April: 124.90… +0.38

Feeder Cattle Futures:

January: 147.57… +0.27
March: 145.27… +0.37
April: 145.60… +0.33
---
CME Feeder Cattle Index: 144.96… Wednesday’s Index unavailable
February Hog Futures: 65.70… +0.50
Nearby Crude Oil Futures Contract: 51.15… -0.50

 

National Grain Market Summary:

Wednesday’s report unavailable
 ---
Kansas City Corn: 3.76… NA
Kansas City Soybeans: 8.82… NA
Kansas City Wheat: 5.15… NA
 ---
March Corn Futures: 3.8525… +0.0050
January Soybean Futures: 9.2000… +0.0500
March Wheat Futures: 5.2650… +0.0550

 

Financial Markets: 

Dow Jones Industrial Average: 24,527.27… +157.03
S & P 500: 2,651.07… +14.28
NASDAQ: 7,068.31… +36.48
U.S. Dollar Index: 97.10… -0.36

 

Tuesday Auction Reports...

Ozark Regional Stockyards - West Plains MO...
Receipts           Week Ago              Year Ago
 2,647                  4,115                     2,565
***Special Cow Sale - Saturday, December 15 - Noon**** Compared to last week, steer calves under 600 lbs traded 6.00-12.00 higher while heifer calves under 600 lbs traded unevenly steady.  Heavier weight steer and heifer calves traded 3.00-6.00 higher.  Yearlings were not well tested however undertones were steady to firm.  Demand was good on a moderate supply. Last week's beef slaughter was the largest single week since September 2003. The 667,000 head harvest easily set a new high for the year and decade.  This couldn't have come at a better time as a large number of calves have been sold in recent weeks, including over 14,000 head through ORS over an 8 day span.
 
Bowling Green Livestock Auction - Bowling Green KY...
Receipts:  700          Last week: 714        Last year: 850
Compared to last week: Feeder steers 2.00-3.00 lower and heifers calves 3.00-4.00 lower. Slaughter cows and Slaughter bulls steady. 90 Replacement cattle, 62 slaughter cattle, 548 feeder cattle. Slaughter cows made up 7 percent of the offering, slaughter bulls 0 percent, replacement cows 9 percent, other cows 4 percent, and feeders 80 percent.  The feeder supply included 24 percent steers, 47 percent heifers, and 29 percent bulls. Near 27 percent of the run weighed over 600 lbs.
  
Mount Airy Livestock Auction - Mount Airy NC...
Receipts:  85          Last Week: 91       Last Year:  162
Too few head to establish an adequate trend at this time. Moderate demand and market activity.  Light offerings with quality of cattle average. Slaughter cows made up 17 percent of the offering, slaughter bulls 1 percent, replacement cows 1 percent, and feeders 81 percent.  The feeder supply included 34 percent steers, 37 percent heifers, and 29 percent bulls. Near 20 percent of the run weighed over 600 lbs.
  
Livingston County Livestock Auction - Ledbetter KY...
Receipts:  573      Last Week: 751       Year Ago:  664 
Precondition sale Friday 14th @ 3pm. Compared to last week: Feeder cattle traded steady to 3.00 higher. Slaughter cows and bulls traded 1.00-2.00 higher. Sale consisted of 12 stock cattle, 94 slaughter, and 467 feeders. Feeders consisted of 25% feeder steers, 34% feeder heifers, 21% feeder bulls and 24% of feeders were over 600 pounds.
  
Harward Brothers Livestock Market - Turnersburg NC
Receipts:  1074          Last Week: 869       Last Year: 1501
Compared to last week, slaughter cows were mostly steady with bulls mostly 6.00 to 8.00 lower.  Feeder cattle were mostly 5.00 to 10.00 higher.  Moderate demand, buyer activity and offerings.  Quality of cattle plain to average. Slaughter cows made up 19 percent of the offering, slaughter bulls 1 percent, replacement cows 1 percent, other cows 1 percent, and feeders 78 percent.  The feeder supply included 34 percent steers, 37 percent heifers, and 30 percent bulls. Near 29 percent of the run weighed over 600 lbs.
  
Winter Livestock - La Junta CO... 
Receipts:  5728    Last Week:  6749    Year Ago:  5552
Compared with last Tuesday: Steers under 400 lbs steady, 400 to 650 lbs 5.00 to 8.00 higher, 650-700 lbs 3.00 to 5.00 higher. Heifers under 500 lbs 1.00 to 3.00 higher, 500 to 600 lbs 2.00 to 4.00 higher, 600 to 650 lbs 5.00 higher, 650 to 700 lbs steady. Yearlings feeder steers over 700 lbs 3.00 to 5.00 instances instances 8.00 higher. Yearling feeder heifers scarce. Slaughter cows and bulls steady. Trade active.
  
Tulsa Livestock Auction - Tulsa Oklahoma...
Receipts:  1670     Last Week:  4911     Year Ago:  2334
Compared to last week: Steers unevenly steady with limited comparison to last week.  Heifers 3.00-5.00 higher also in a light test.  Demand good. Quality good.  18 percent of the receipt totals are feeder cattle over 600 lbs. while 55 percent of the total receipts are heifers. Slaughter cows 3.00 lower in a light test.  Slaughter bulls mostly steady also in a light test.  A total of 190 cows and bulls sold with 44 percent going to packers.
  
Dickson Livestock Auction - Dickson TN...
Receipts:  604     Last week: 1291    Last year: 1060
Compared to same sale last week, Slaughter cows and bulls were 1.00 lower. Steers 5.00 to 8.00 lower. Bulls steady to 4.00 lower. Heifers steady 5.00 lower. Feeders 540            Slaughter 49         Replacements 15
  
Riverton Livestock Auction - Riverton, WY...
Receipts:       1108       Last Week      1846      Last Year    1510  
Compared to last Tuesday, on a light offering; Steer calves mostly steady with instances 8.00-11.00 higher on 400-460 lbs, 500 lb steer under pressure with instances 5.00 lower. Heifer calves mostly steady with instances 4.00-10.00 higher on 400 lb calves, 600 lb heifers under pressure. Demand moderate to good. Steers calves accounted for approximately 58 percent of the run, heifers 42 percent of which 2.5 percent weighing over 600 lbs. Tuesday Dec 18th will be the last sale of the year; selling all classes of animals.
  
Athens Cattle Auction - Athens TN...
Receipts:  721          Last week: 1223            Last year: 1037
Compared to last week, feeder steers remaining mostly steady overall, with feeder heifers and bulls gauging 2.00 to 3.00 lower.  Slaughter cows remaining mostly steady overall with slaughter bulls 2.00 lower.  Feeder: 545   Slaughter: 128        Replacement: 48
  
Oklahoma City National Stockyards - Oklahoma City OK...
Receipts:  457      Last Week:  1,179     Last Year:  739   Receipts Monday:  3,900
Compared to last week:  Slaughter cows mostly steady to 1.00 lower. Slaughter bulls mostly 1.00 lower.  Packer demand moderate.  A total of 286 cows and bulls sold with 28 percent going to packers.
  
Southeast Livestock Exchange - Hattiesburg MS
Receipts     This week    619       Last Week    1,161
Compared to last week slaughter cows trended 1.00 to 3.00 Higher. Slaughter bulls trended 1.00 to 2.00 Higher. Feeder steers trended Firm. Feeder heifers trended Weak. Feeder consisted of 67 percent steers and 33 percent heifers. Receipts weighing under 600 lbs 53 percent over 600 lbs 14 percent. Total receipts were made up of 67 percent feeders, 9 percent slaughter cows and 24 percent Pairs/Replacements.
  
Tadlock Stockyard - Forest MS
Receipts     This week    499       Last Week    1,435
Compared to last week slaughter cows trended Steady. Slaughter bulls trended Steady. Feeder steers trended Steady. Feeder heifers trended Steady. Feeder consisted of 47 percent steers and 53 percent heifers. Receipts weighing under 600 lbs 63 percent over 600 lbs 13 percent. Total receipts were made up of 76 percent feeders, 13 percent slaughter cows and 11 percent Pairs/Replacements.
  
Okeechobee Livestock Auction – Okeechobee FL
Receipts           Week Ago              Year Ago
  1,370                  1,278                        0
Compared to a week ago: Slaughter classes steady, feeder classes 1.00 to 3.00 higher.  Feeder cattle supply included 38 percent Steers, 50 percent Heifers, and 12 percent Bulls. Feeder cattle supply over 600 lbs was 0 percent.
  
Dixie Livestock Auction - Thomasville GA...
Receipts:  617    Last Week:  829   Year Ago: 802
Compared to one week ago, slaughter cows and bulls mostly steady, feeder cattle mostly steady, steer calves mostly steady, heifer calves steady to 3.00 lower, bull calves unevenly steady, replacement cows lightly tested.
  
Franklin County Livestock Auction - Carnesville GA...
Receipts:  405    Last Week:  1099    Year Ago:  709
Compared to one week earlier, slaughter cows and slaughter bulls mostly steady, feeder steers and steer calves lightly tested, feeder bulls and bull calves 2.00 to 3.00 lower, feeder heifers and heifer calves 3.00 to 5.00 lower, replacement cows unevenly steady.