Daily Market Summary for May 23rd

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: +0.67%
Change from 10 Days Ago: -3.20%
Change from 60 Days Ago: -10.40%​
   

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 May 23rd

 

Slaughter Cattle:  

As of 3:00 PM Thursday, negotiated cash trading in Nebraska has been moderate on light demand.  Compared to the last reported market on Wednesday live cash trades moved steady to 1.00 higher at 116.00. Not enough dressed trades for a market trend. On Wednesday dressed trades ranged from 183.00-186.00. So far for Thursday in the Southern Plains and the Western Cornbelt negotiated cash trading has been limited on light demand. Not enough trades in these regions for a full market trend. The last reported market in these regions was on Wednesday. In the Texas Panhandle live cash trades moved at 115.00. In Kansas live cash trades were from 114.00-115.00. In the Western Cornbelt live cash trades moved from 116.00-118.00 and a light test of dressed cash trades moved from 185.00-186.00.

    

Negotiated Sales:

Confirmed: 27,904 --- Week Ago: 30,075 --- Year Ago: 1,738

  

Formula Net - Dressed Steers & Heifers

Head count priced today: 32,800
Weighted avg weight:             856
Weighted avg net price:    191.92

   

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Wednesday no new trade to report. Dressed bids have been reported from 248.00-250.00 delivered. Bids are 5.00 lower than the previous week. No live bids have been reported however using a 60% dressing percentage, dressed bids are working back on either side of 150.00 on a live basis.  Selling interest remains limited, many producers are looking for at least steady money with last week.

 

Livestock Slaughter under Federal Inspection:                                  

                                 Cattle        Calves    Hogs          Sheep
Thursday (est          117,000    2,000       472,000      9,000
Week ago (est)        121,000    2,000       464,000      8,000
Year ago (act)          122,000    2,000       454,000      8,000
Week to date (est) 477,000     8,000   1,882,000    36,000
Last Week (est)       484,000    8,000   1,845,000    34,000
Last Year (act)          481,000    8,000   1,829,000    33,000
Previous day estimated       Steers & Heifers   Cows & Bulls
                    Wednesday              95,000                  25,000

 

Boxed Beef: 

Boxed beef cutout values firm to higher on moderate to fairly good demand and moderate offerings. Select and Choice rib, chuck, round, and loin cuts steady to firm. Beef trimmings mostly sharply higher on moderate to good demand and light offerings.
 
Cutout Values...                 Choice     Select
Current Cutout Values:     220.79    206.53
Change from prior day:       +1.04      +0.72
Choice/Select spread:          14.26
Total Load Count (Cuts, Trimmings, Grinds): 119

 

Cutter Cow Cutout: 171.91… -1.31

  

CME Feeder Cattle Index: 133.35… +1.19

 

Futures…

Live Cattle:
June: 110.80… +0.15
August: 108.15… +0.20
October: 108.05… +0.25
Feeder Cattle:
August: 143.02… +0.42
September: 144.00… +0.13
October: 144.75… Unchanged
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June Hogs: 89.42… -0.23
July Crude Oil: 57.91... -3.51
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July Corn: 3.8975… -0.0475
July Soybeans: 8.2150… -0.0700
July Wheat: 4.7025… -0.0250
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Grain Cash Bids:
Kansas City Corn: 3.85… -0.05
Kansas City Soybeans: 7.74… -0.07
Kansas City Wheat: 4.50… -0.03
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Financial Markets:

Dow Jones Industrial Average: 25,490.40… -286.21
S & P 500: 2,822.27… -34.00
NASDAQ: 7,628.28… -122.56
U.S. Dollar Index: 97.88… -0.16

  

Wednesday Auction Reports...

Springfield Livestock Auction - Springfield MO...
                     This Week   Last Reported   Last Year
Total Receipts:    853             1,598             1,972
Compared to last week, steer and heifer calves steady on a limited test. Holsteins compared to two weeks ago, steady. Demand moderate to good, supply light. The recent heavy rainfall and storms curtailed the receipts. Supply included: 100% Feeder Cattle (32% Steers, 27% Dairy Steers, 30% Heifers, 11% Bulls). Feeder cattle supply over 600 lbs was 39%.
    
Hardin County Stockyard - Savannah TN…
                     This Week   Last Reported   Last Year
Total Receipts:    449                                     0
Compared to the same sale last week, Slaughter cows 1.00 higher. Bulls steady. Steers and bulls steady to 6.00 lower. Heifers steady to 3.00 lower. Supply included: 81% Feeder Cattle (33% Steers, 43% Heifers, 24% Bulls); 13% Slaughter Cattle (92% Cows, 8% Bulls); 6% replacement Cattle (33% Bred Cows, 17% Bred Heifers, 50% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 29%
    
Winter Livestock Feeder Cattle Auction - Dodge City KS…
                    This Week     Last Reported    Last Year
Total Receipts:  1,008             3,306                0
***Close*** Compared to last week: Current weather conditions have affected the sale numbers therefor trade was light. Feeder steers sold unevenly steady. Heifers 850-900 lbs sold steady to 2.00 lower. Calves too lightly tested for an accurate market trend; slightly higher undertone noted. Using a limited test, slaughter cows sold mostly steady to 2.00 lower, bulls sold 3.00 to 5.00 lower. Overall, demand moderate, quality average. Supply included: 89% Feeder Cattle (68% Steers, 32% Heifers); 7% Slaughter Cattle (88% Cows, 12% Bulls); 3% Replacement Cattle (22% Bred Cows, 78% Cow-Calf Pairs). Feeder cattle supply over 600 lbs was 92%.
    
OKC West - El Reno OK...
                    This Week    Last Reported    Last Year
Total Receipts:   5,260           10,414          10,373
*** Final *** Compared to last week: Feeder steers sold steady to 2.00 higher. Feeder heifers traded mostly steady with exception of 700-800 lb heifers 2.00-3.00 higher. Demand moderate too good for all classes. Steer and heifer calves were too lightly tested for an accurate trend. Quality plain to average. Heavy rains causing massive flooding came across the trade area hampering livestock movement. Supply included: 100% Feeder Cattle (50% Steers, 50% Heifers, 0% Bulls). Feeder cattle supply over 600 lbs was 85%.
   
Hub City Livestock Auction - Aberdeen SD…
                      This Week    Last Reported   Last Year
Total Receipts:    2,120           3,075               0
Compared to last week: best test on steers 800 to 950 lbs steady to 2.00 higher with instances up to 6.00 higher on 850 to 900 lbs. Best test on heifers 800 to 850 lbs mostly steady. Moderate to good demand for packages in today's offering, good demand for loads and strings. Package quality varied, from plain to attractive, quality on strings mostly attractive. Slightly less flesh on the cattle than last week. Cattle suitable for summer grass remain very sought after, especially a steer weighing in the 600 to 699 range. Grass conditions for this year are looking fantastic so far. Weather conditions remain challenging, with rain and cool temperatures all weekend and the beginning of the week. Pen conditions are very wet and muddy and much field work remains for the season. An active market for today's offering. Next feeder cattle sale is next Wednesday, May 29. Supply included: 100% Feeder Cattle (57% Steers, 43% Heifers). Feeder cattle supply over 600 lbs was 88%.
  
Brookhaven Livestock Auction - Brookhaven MS
Receipts     This week    222       Last Week    120
Compared to last week slaughter cows trended Steady. Slaughter bulls trended Steady. Feeder steers trended Steady. Feeder heifers trended Steady. Feeder consisted of 60 percent steers and 40 percent heifers. Receipts weighing under 600 lbs 40 percent over 600 lbs 45 percent. Total receipts were made up of 85 percent feeders, 5 percent slaughter cows and 10 percent Pairs/Replacements.
   
Tylertown Livestock Auction - Tylertown MS
Receipts     This week    827       Last Week    426
Compared to last week slaughter cows trended Steady. Slaughter bulls trended 2.00 to 3.00 Higher. Feeder steers trended 4.00 to 7.00 Higher. Feeder heifers trended 3.00 to 5.00 Higher. Feeder consisted of 56 percent steers and 44 percent heifers. Receipts weighing under 600 lbs 59 percent over 600 lbs 5 percent. Total receipts were made up of 64 percent feeders, 19 percent slaughter cows and 17 percent Pairs/Replacements.
   
Hub City Livestock Auction - Sioux Falls SD
                       This Week     Last Reported   Last Year
Total Receipts:   2,120              3,075                0
Compared to last week: best test on steers 800 to 950 lbs steady to 2.00 higher with instances up to 6.00 higher on 850 to 900 lbs. Best test on heifers 800 to 850 lbs mostly steady. Moderate to good demand for packages in today's offering, good demand for loads and strings. Package quality varied, from plain to attractive, quality on strings mostly attractive. Slightly less flesh on the cattle than last week. Cattle suitable for summer grass remain very sought after, especially a steer weighing in the 600 to 699 range. Grass conditions for this year are looking fantastic so far. Weather conditions remain challenging, with rain and cool temperatures all weekend and the beginning of the week. Pen conditions are very wet and muddy and much field work remains for the season. An active market for today's offering. Next feeder cattle sale is next Wednesday, May 29. Supply included: 100% Feeder Cattle (57% Steers, 43% Heifers). Feeder cattle supply over 600 lbs was 88%. 
    
Arcadia Livestock Auction - Arcadia FL…
                     This Week    Last Reported   Last Year
Total Receipts:    868               775               824
Compared to one week ago: Slaughter cows and bulls steady to 1.00 higher. Feeder steers, bulls, and heifers unevenly steady to 3.00 lower. Supply included: 75% Feeder Cattle (63% Steers, 36% Heifers, 1% Bulls); 25% Slaughter Cattle (77% Cows, 23% Bulls). Feeder cattle supply over 600 lbs was 2%.
  
Greenville Livestock Inc. - Greenville IL…
                     This Week   Last Reported   Last Year
Total Receipts:   460                                      0
Compared to last week. slaughter steers and heifers sold 1.00 to 1.25 higher. Slaughter Holstein steers sold 1.75 higher. No real price comparison for slaughter Holstein heifers to last week’s light test. Trade was active with good demand. Supply included: 100% Slaughter Cattle (35% Steers, 25% Dairy Steers, 38% Heifers, 2% Dairy Heifers).
   
St. Joseph Feeder Cattle Auction - St. Joseph MO...
                       This Week   Last Reported    Last Year
Total Receipts:     402              2,678             1,390
***CLOSE*** Not enough on offer this week for an adequate price comparison, however a lower undertone noted.  A considerable amount of rain in the area since the weekend left fields and roads flooded, hampering livestock movement. Supply included: 100% Feeder Cattle (39% Steers, 4% Dairy Steers, 50% Heifers, 7% Bulls). Feeder cattle supply over 600 lbs was 50%.
   
Southern Oklahoma Livestock Auction - Ada OK...
                       This Week    Last Reported   Last Year
Total Receipts:      516              1,810               0
Compared to last week: Feeder steers and heifers not established, not enough receipts, due to heavy rains in the area. Overall quality plain to average. Demand good for limited receipts. Supply included: 100% Feeder Cattle (49% Steers, 46% Heifers, 6% Bulls). Feeder cattle supply over 600 lbs was 30%.
   
New Holland Sales Stables - New Holland PA…
                     This Week    Last Reported
Total Receipts:   228                   184
Compared to last week, Fresh Holstein cows sold mostly steady on a light test. No bred cows offered last week for a comparison. Holstein bulls sold steady to firm. Overall quality of bulls offered very good. Bred and Open Holstein heifers sold mostly steady to 50.00 lower compared to a very light test last week. Supply included: 100% Replacement Dairy Cattle (37% Fresh/Milking Cows, 15% Bred Cows, 1% Springer Cows, 12% Bred Heifers, 28% Springer Heifers, 3% Open Heifers, 5% Bulls).
  
Public Auction Yards - Billings MT
                       This Week    Last Reported   Last Year
Total Receipts:      449              4,610               0
Compared to last week: Feeder steers and heifers were all scarcely tested this week thus no trend is available. Heavy rain has fallen over the past week and receipts were very light as a result. Demand was light to moderate. Weigh up cows sold on mostly moderate demand and offerings. Packers showed significantly lighter demand for slaughter cows this week. They passed on most cows as feeding buyers continue to show strong demand. Packers purchased mostly lame or low dressing cows this sale as most cows were higher than what packers were willing to give on a dressed basis.
  
Vienna Livestock Auction - Vienna MO
                     This Week    Last Reported   Last Year
Total Receipts:    1,873              2,067                0
Compared to last Wednesday, feeder steers under 550 lbs steady to 3.00 lower, 550-650 lbs 2.00-4.00 higher and 650-750 lbs 6.00-10.00 higher. Feeder heifers under 650 lbs steady with a few offerings over 650 lbs selling with a higher undertone. Slaughter cows steady to 2.00 higher. Demand good to very good. Supply heavy. Another strong feeder offering drew lots of buyer interest again this week with the best demand seen on several consignments of high quality 600-700 lb steers with the genetics to make some heavy out weights. Supply included: 95% Feeder Cattle (60% Steers, 39% Heifers, 1% Bulls); 5% Slaughter Cattle (90% Cows, 10% Bulls); 0% Replacement Cattle (100% Bred Cows). Feeder cattle supply over 600 lbs was 23%.
  
Huss Platte Valley Auction - Kearney NE...
                      This Week   Last Reported   Last Year
Total Receipts:    2,996             3,167             0
Compared to two weeks ago, steers sold steady to 6.00 higher and heifers under 650 lbs sold steady to 5.00 lower and heifers over 650 lbs sold steady to 3.00 higher. Demand was good from the buyers in the crowd. Near 280 head of slaughter cows and bulls sold in the run. Supply included: 100% Feeder Cattle (50% Steers, 48% Heifers, 2% Bulls). Feeder cattle supply over 600 lbs was 70%.
   
Bloomfield Feeder Cattle Auction - Bloomfield IA
Receipts:  1041    2 weeks ago:  1480    Year Ago: 1434
Compared to the sale 2 weeks ago: Feeder strs mostly 6.00-8.00 lower except 600-750 lbs. mostly 1.00-4.00 higher and feeder hfrs mostly 3.00-6.00 higher. Trade Active and Demand Good today. Receipts this week included 63 percent feeder cattle over 600 lbs; 51 percent of the feeders were strs and 49 percent were hfrs.
  
Okeechobee Livestock Auction – Okeechobee FL
                     This Week   Last Reported   Last Year
Total Receipts:    797             920               745
Compared to one week ago: Slaughter classes steady, feeder classes unevenly steady. Supply included: 75% Feeder Cattle (31% Steers, 49% Heifers, 20% Bulls); 25% Slaughter Cattle (94% Cows, 6% Bulls). Feeder cattle supply over 600 lbs was 6%.