Daily Market Summary for August 14th...

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: +0.22%
Change from 10 Days Ago: -0.34%
Change from 60 Days Ago: +0.58%​
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 August 14th...

 

Slaughter Cattle:  

So far for Tuesday trading in the Southern Plains and Colorado has been at a standstill. In Nebraska trading has been limited on very light demand. A few early live cash trades moved at 109.50. In the Western Cornbelt trading has been inactive on very light demand. However, not enough trades for a full market trend. Last week in the Southern Plains and Colorado live cash trades moved at mostly 111.00. For the prior week in Nebraska live and dressed cash trades moved mostly from 110.00-111.50 and at 175.00, respectively. For the previous week in the Western Cornbelt live and dressed cash trades moved mostly at 110.00 and from 174.00-176.00, respectively.

 

Negotiated Sales:

Confirmed: 6,309    Week Ago: 1,498    Year Ago: 1,988

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 31,800
Weighted avg weight:        861.00
Weighted avg net price:    180.70

 

Alberta Beef Producers Daily Report:

Alberta direct cattle sale Monday saw no new trade to report. This week's showlist has been compiled with volumes larger than the previous week. Last week on a cash to cash basis Alberta fed prices were at a 3.50 discount against the Nebraska market. Front end packer supplies are growing, some cattle that traded last week would not be lifted until early September. Some cattle have been carried over for the past few weeks and there could be some pressure to market cattle either this week or next week.

 

Livestock Slaughter under Federal Inspection:                                  

                                  CATTLE     CALVES   HOGS        SHEEP
Tuesday (est            119,000    2,000     468,000      8,000
Week ago (est)        119,000    2,000     453,000      8,000
Year ago (act)          117,000    2,000     448,000      8,000
Week to date (est) 237,000    4,000     935,000    16,000
Last Week (est)       237,000    4,000     848,000    16,000
Last Year (act)          232,000    4,000     897,000    15,000

 

Boxed Beef: 

Boxed beef cutout values higher on moderate to good demand and light to moderate offerings. Select and Choice rib and loin cuts firm to higher while round cuts weak. Choice chuck cuts firm while Select steady. Beef trimmings sharply higher on good demand and light offerings.
 
Cutout Values...              Choice       Select
Current Cutout Values:    209.64     201.27
Change from prior day:      +1.21       +1.61
Choice/Select spread:          8.37

 

Futures Summary: 

Live cattle futures settled 7 to 77 cents higher on Tuesday. Feeder cattle futures were mixed with nearby Aug up 27 cents and back months as much as 57 cents lower. The CME feeder cattle index was down 48 cents from the previous day on 8/13, at $150.64. Wholesale boxed beef values were higher on Tuesday afternoon. Choice boxes were up $1.21 at $209.64, while Select boxes were $1.61 higher at $201.27. USDA FI cattle slaughter was estimated at 237,000 head through Tuesday. That is even with the previous week and 5,000 head above the same week in 2017.

 

CME Feeder Cattle Index: 150.64… -0.48
August Live Cattle Futures: 107.97… +0.77
October Live Cattle Futures: 108.72… +0.57
December Live Cattle Futures: 112.42… +0.42
August Feeder Cattle Futures: 148.92… +0.27
September Feeder Cattle Futures: 148.67… +0.22
November Feeder Cattle Futures: 148.90… -0.05
 
September Hog Futures: 51.85… +0.20
Nearby Crude Oil Futures Contract: 67.04… -0.16

 

National Grain Market Summary:

Compared to yesterday, cash bids for wheat, corn, soybeans, and sorghum were mostly higher.  In spite of this year's record soybean crop estimate from USDA, U.S. new-crop soybean sales are already up 55% from a year ago.  Wheat prices have been volatile and sensitive to weather changes, but USDA is expecting the world's lowest amount of exportable ending wheat stocks in 11 years.  In spite of recent losses, the trends for all three U.S. wheats remain up.
 
September Corn Futures: 3.6225… +0.0575
August Soybean Futures: 8.6825… +0.1100
September Wheat Futures: 5.4175… +0.0825
Kansas City Corn: 3.56… +0.04
Kansas City Soybeans: 8.48… +0.11
Kansas City Wheat: 5.76… +0.05

 

Financial Markets: 

Dow Jones Industrial Average: 25,300.15… +112.45
S & P 500: 2,840.00… +18.06
NASDAQ: 7,870.89… +51.18
U.S. Dollar Index: 96.70… +0.38

 

Monday Auction Reports...

 

Oklahoma National Stockyards - Oklahoma City OK... 
Receipts           Week Ago              Year Ago
  6,906                 6,800                      4,001
*** Add Close With Updated Receipts ***  Compared to last week:  Feeder steers 3.00-5.00 lower.  Feeder heifers traded 1.00-6.00 lower.  Steer and heifer calves mostly 3.00-5.00 lower on a limited test.  Quality plain to average with a few attractive lots. Demand moderate to good.  Unseasonably cool temps and several days of rain are forecast.  Feeder cattle supply included 63 percent Steers, 1 percent Dairy Steers, 34 percent Heifers, and  3 percent Bulls. Feeder cattle supply over 600 lbs was 64 percent.
 
Joplin Reg. Stockyards Feeder Cattle - Carthage MO... 
Receipts           Week Ago              Year Ago
  5,368                 5,708                     3,616
***CLOSE*** Compared to last week, steer calves under 500 lbs steady to 5.00 higher, steer calves and yearling steers 500 to 750 lbs steady, yearlings steers over 750 lbs 2.00 to 4.00 lower, heifer calves under 500 lbs steady to 2.00 higher, heifer calves over 500 lbs and yearlings heifers 2.00 to 4.00 lower.  Demand moderate to good, supply moderate.  Rain showers in some areas providing some hope for fall pasture, however others continue wait for any significant moisture.
 
Tulsa Livestock Auction Wtd Avg Report - Tulsa OK... 
Receipts:  2360    Last Week:  2386    Year Ago:  2115
Compared to last week: Steers over 500 lbs. 4.00-6.00 lower. Heifers under 600 lbs. unevenly steady with instances of light weight calves 10.00 higher.   Recent rainfall has improved pasture conditions.  Demand for lighter weight cattle extremely good.  Quality attractive.  23 percent of the receipt totals were feeder cattle over 600 lbs. while 34 percent of the total receipts were heifers.
 
Harward Brothers Livestock Market - Turnersburg NC... 
Receipts:  1129          Last Week: 892       Last Year:  941
Compared to last week, slaughter cattle were mostly steady.  Feeder cattle were mostly steady to 4.00 higher.  Moderate demand, market activity and offerings. Quality of cattle plain to average.
 
Narrows Livestock Market Wtd Avg (Seasonal) - Narrows VA
Feeder Cattle  106 (Steers 33; Heifers 40; Bulls 33)
                Feeder Steers Medium and Large 1
 Head   Wt Range   Avg Wt    Price Range   Avg Price
    1    300-400     350       164.00         164.00
    4    400-500     453       159.00         159.00
    7    500-600     549       152.00         152.00
    2    600-700     630    140.00-153.00     146.60
    4    700-800     736       143.00         143.00
 
Florence Livestock Auction - Florence AL... 
Receipts:  888    Last Week:  699    Year Ago:  834
Compared to a week ago: Slaughter cows sold 1.00 lower, bulls sold 2.00 lower. All feeder classes sold 2.00 to 5.00 lower. Demand on feeder moderate. Replacement cows and pairs sold steady. Slaughter cows 13 percent, bulls 1 percent, replacement cows and pairs 8 percent, and feeders 78 percent. The feeder supply included 14 percent steers, 44 percent heifers, and 42 percent bulls. Near 12 percent of the run weighed over 600 lbs.
 
Callaway Livestock Center - Kingdom City MO... 
Receipts: 2229     Week Ago:  1420    Year Ago:  1498
Compared to last week, steer calves and all weights of heifers sold steady to 5.00 higher. Limited comparisons to last week’s offering of mostly calves but yearling steers sold with a sharply higher undertone. Slaughter cows 2.00 to 3.00 lower. Supply heavy and demand moderate to good. Cows and bulls accounted for 09 percent of the total offering. The feeder supply consisted of 54 percent steers and bulls and 46 percent heifers; 67 percent of all the feeder cattle weighed over 600 lbs.
 
Mid-South Livestock - Unionville TN... 
Receipts: 1086        Last week: 1227         Last year: 1566
Compared to last week, Feeder Steers steady to 4.00 lower; Feeder Bulls Steady to 5.00 higher; Feeder Heifers steady to 3.00 lower; Slaughter Cows 2.00-4.00 lower; Slaughter Bulls steady to 2.00 lower. Feeder: 931       Slaughter: 117       Replacement: 38
 
Cattlemens Livestock - West Point MS…
Receipts     This week    605       Last Week    647
Compared to last week slaughter cows trended 2.00 to 4.00 Higher. Slaughter bulls trended Steady. Feeder steers trended 6.00 to 10.00 Lower. Feeder heifers trended 2.00 to 4.00 Lower. Feeder consisted of 60 percent steers and 40 percent heifers. Receipts weighing under 600 lbs 77 percent over 600 lbs 11 percent. Total receipts were made up of 88 percent feeders, 9 percent slaughter cows and 3 percent Pairs/Replacements.
 
Farmer's Livestock Market - Glasgow KY... 
Receipts: 1207         Last Week: 1404       Last Year: 1271
Video receipts and report at bottom of this report. Compared to last week: Feeder Steers and heifers  mostly steady to 1.00 lower. Weaned and vaccinated offerings bringing a premium are noted below as VALUE ADDED. Slaughter cows and bulls mostly steady. Heavy supply with good demand.
 
Tadlock Stockyards - Forest MS... 
Receipts     This week    1,633     Last Week    1,224
Compared to last week slaughter cows trended 2.00 to 4.00 Lower. Slaughter bulls trended Steady. Feeder steers trended 2.00 to 6.00 Lower. Feeder heifers trended 2.00 to 5.00 Lower. Feeder consisted of 70 percent steers and 30 percent heifers. Receipts weighing under 600 lbs 72 percent over 600 lbs 13 percent. Total receipts were made up of 85 percent feeders, 6 percent slaughter cows and 9 percent Pairs/Replacements.
 
Patton Junction Livestock Auction - Patton MO... 
Receipts:  470   Last Week:  521   Year Ago:  638
Compared to last week, steers and heifers sold uneven, from 5.00 lower to 2.00 higher on a light test.  Slaughter cows sold 5.00 lower and bulls sold 3.00 lower; Demand uneven and supply light.  Cows made up approximately 15 percent of the run, 85 percent feeders.  Steers made up approximately 14 percent of the offering, 49 percent heifers with 37 percent feeder bulls.  Offerings over 600 lbs totaled around 13 percent.
 
Dothan Stockyard - Dothan AL... 
Receipts:  787    Last Week:  923    Year Ago:  1168
Compared to a week ago: Slaughter cows sold steady, bulls sold steady. All feeder classes sold 3.00 to 5.00 lower. Demand on feeders moderate. Replacement cows and pairs sold steady. Slaughter cows 8 percent, bulls 2 percent, replacement cows and pairs 18 percent, and feeders 72 percent. The feeder supply included 26 percent steers, 45 percent heifers, and 29 percent bulls. Near 23 percent of the run weighed over 600 lbs.
 
Upstate Livestock Exchange - Williamston SC... 
Receipts:  604          Last week:  503           Last year: 571
Compared to last Monday, Feeder Steers 2.00 higher, Feeder Heifers steady, Slaughter Cows and Slaughter Bulls steady. Good selection of well conditioned cattle with active buyer participation. Slaughter cows made up 10 percent of the offering, slaughter bulls 4 percent, replacement cows 18 percent, and feeders 68 percent.  The feeder supply included 33 percent steers, 36 percent heifers, and 31 percent bulls. Near 27 percent of the run weighed over 600 lbs.
 
Eastanollee Livestock Auction - Eastanollee GA... 
Receipts:  274    Last Week:  344    Year Ago:  314
Compared to one week earlier, slaughter cows unevenly steady, slaughter bulls steady to 2.00 lower, feeder steers and steer calves lightly tested, feeder bulls 2.00 to 3.00 lower, bull calves steady to 2.00 lower, feeder heifers and heifer calves unevenly steady, replacement cows 2.00 to 4.00 lower.  
 
Carroll County Livestock Auction - Carrollton GA... 
Receipts:  662    Last Week:  560    Year Ago:  582
Compared to one week earlier, slaughter cows 1.00 to 4.00 lower, slaughter bulls unevenly steady, feeder steers and steer calves steady to 3.00 lower, feeder bulls and bull calves steady to 3.00 lower, feeder heifers mostly steady, heifer calves steady to 3.00 lower,    replacement cows mostly steady.
 
Swainsboro Stockyard Auction - Swainsboro GA... 
Receipts:  371    Last Week:  391    Year Ago:  496
Slaughter cows steady to 1.00 higher, slaughter bulls steady, feeder steers, heifers, and bulls mostly steady, steer calves steady, heifer calves unevenly steady to 2.00 lower,  bull calves unevenly steady, replacement cows lightly tested.
 
El Reno Cow and Bull Sale - El Reno OK... 
Receipts:  418       Last Week:  510     Last Year:  424
Compared to last week:  Slaughter cows and bulls mostly steady to 2.00 higher.  Packer demand moderate to good.  A total of 389 cows and bulls sold with 63 percent going to packers.
 
Cattlemen's Livestock Auction - Bowling Green KY... 
Receipts:  311          Last week: 184           Last year: 210
Compared to last week: Feeder steers and heifers 2.00-3.00 lower. Slaughter cows  and Slaughter bulls steady. 104 Replacement cattle, 32 slaughter cattle, 175 feeder cattle. Slaughter cows made up 12 percent of the offering, slaughter bulls 1 percent, replacement cows 7 percent, other cows 2 percent, and feeders 77 percent.  The feeder supply included 18 percent steers, 47 percent heifers, and 35 percent bulls. Near 19 percent of the run weighed over 600 lbs.
 
Saluda County Stockyards Inc. - Saluda SC
Receipts:  575       Last week: 993       Last year: 605
Compared to last week all classes of feeder cattle were steady to 3.00 higher. Slaughter cows and bulls were steady. Average offering of average to plain quality cattle with active buyer participation. Light demand for cattle with excessive hair.  Slaughter cows made up 14 percent of the offering, slaughter bulls 1 percent, replacement cows 5 percent, other cows 1 percent, and feeders 79 percent.
 
Blue Grass South Livestock Market - Stanford KY... 
Receipts:  504    Last Week:  530    Year Ago:  464
Compared to last Monday:Feeder steers 1.00-2.00 lower,Feeder heifers steady,Moderate demand for feeder classes.In the majority of instances weaned and vaccinated offerings bringing a premium are noted below as VALUE ADDED,while exceptional quality offerings are noted as FANCY.Slaughter cows and bulls steady,Moderate demand for slaughter classes.
 
United Producers Inc. - Irvington KY... 
Receipts:  551    Last Week:  654    Year Ago:  650
Compared to last week: Feeder steers sold steady and feeder heifers sold steady to 2.00 higher. Slaughter cows and slaughter bulls sold steady to 2.00 lower. Replacements 4, slaughters 107, feeders 440.  Feeder supply consisted of 33 percent over 600 lbs, 26 percent steers, 28 percent heifers, 27 percent bulls.
 
Carolina Stockyards - Siler City NC
Receipts:  816          Last Week: 777       Last Year: 1039
Compared to last week, slaughter cattle were steady.  Feeder cattle were steady to 1.00 to 3.00 higher.  Moderate demand, market activity and offerings.  Quality of cattle average. Slaughter cows made up 10 percent of the offering, slaughter bulls 2 percent, and feeders 89 percent.  The feeder supply included 41 percent steers, 32 percent heifers, and 27 percent bulls. Near 20 percent of the run weighed over 600 lbs.
 
Roswell Auction - Roswell NM... 
Receipts:  550         Week Ago:  635        Year Ago:  803
Compared to last week:  No accurate comparison on feeder steers and heifers due to limited receipts, but a lower undertone noted.  Slaughter cows and bulls 2.00 higher. Trade active, demand good. Bulk supply Medium and Large 1-2 300-600 lb feeder steers and heifers. Slaughter cows 17 percent of the offering, slaughter bulls 3 percent, bred cows 6 percent, and pairs 13 percent and feeders 61 percent. In the feeder supply, steers made up approximately 62 percent of the run, heifers 38 percent; steers and heifers over 600 lbs total 18 percent.
 
Cattleman's Livestock Auction - Belen NM
Receipts:  768       Last Week:  969        Year Ago:  **770**
Compared to last week:  Feeder steers 300-500 lbs 8.00 higher; over 500 lbs steady to 1.00 higher.  Feeder heifers 400-600 lbs 8.00-900 higher.  No comparison over 600 lbs.  Slaughter cows mostly 1.00-3.00 lower; bulls steady to weak except high yielding bulls steady.  Trade active, demand moderate to good. Bulk supply Medium and Large 1-2 300-700 lb feeder steers and heifers.  Slaughter cows 18 percent of the offering, slaughter bulls 4 percent, bred cows 2 percent, pairs 8 percent and feeders 68 percent.
 
Tri-State Livestock Auction Market - McCook NE... 
Receipts:  1070    Last Week:  0    Year Ago:  0
No comparison to last week, due to no feeder sale. Demand was good on everything offered. Steers accounted for 39 percent and heifers 61 percent of the offering today. Weights over 600 lbs 92 percent of the offering, rest weigh cows and bulls.
 
Amarillo Auction Summary - Amarillo TX... 
Receipts:  507        Last Week:  N/A        Year Ago:  263
No recent comparison available due to reporter's absence.  Trade activity was light to moderate on moderate demand.  Scattered thunderstorms across the Panhandle has brought in unseasonably cooler temperatures.  Slaughter cows and bulls made up 4 percent, 1 percent replacements, and 95 percent feeders.  Feeder supply consisted of 46 percent steers and bulls, 54 percent heifers.  Approximately 54 percent of the run weighed over 600 lbs.