Daily Market Summary for January 22nd

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: +0.59%
Change from 10 Days Ago: -1.85%
Change from 60 Days Ago: +0.72%​
 

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 January 22nd

   

Slaughter Cattle:  

As of 3:00 PM Tuesday, negotiated cash trade was mostly inactive on light demand. A very limited amount of live purchases were reported at 122.00 in Kansas, and 123.00 in Nebraska. However, not enough for an adequate market test. The latest established market in any feeding region was last week, with live purchases in the Southern Plains and Nebraska at 124.00. Dressed purchases in Nebraska traded at 197.00. Last week in the Western Cornbelt, live purchases traded from 123.00-125.00 with dressed purchases at 197.00.

 

Negotiated Sales:

Confirmed: 2,080    Week Ago: 268    Year Ago: 673

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 20,600
Weighted avg weight:        861.00
Weighted avg net price:    198.45

 

Alberta Beef Producers Daily Report:

Alberta direct cattle sales Monday saw no new trade to report. This week's showlist has been compiled with volumes smaller than the previous week. Last week on a cash to cash basis Alberta fed prices traded at a 4.00 discount against the Nebraska market. With the mild temperatures that we have experienced so far cattle performance has been excellent. Weaker basis levels, lower prices year over year and negative feeding margins is encouraging producers to keep cattle on feed longer this year versus last year.

 

Livestock Slaughter under Federal Inspection:                                  

                                 Cattle       Calves    Hogs           Sheep
Tuesday (est           118,000    2,000     475,000      9,000
Week ago (est)       120,000    2,000     480,000      8,000
Year ago (act)          110,000    2,000     453,000      8,000
Week to date (est) 235,000    4,000     876,000    17,000
Last Week (est)       239,000    4,000     943,000    15,000
Last Year (act)         198,000    4,000     841,000    15,000
Previous Day Estimated -- Steer and Heifer -- Cow and Bull
                 Monday                       95,000               22,000

 

Boxed Beef: 

Boxed beef cutout values higher on moderate to fairly good demand and light offerings. Select and Choice rib, chuck, round, and loin cuts steady to firm. Beef trimmings sharply higher on good demand and light offerings.
Cutout Values...                 Choice     Select
Current Cutout Values:     216.34     211.72
Change from prior day:       +1.08       +0.86
Choice/Select spread:           4.62
Total Load Count (Cuts, Trimmings, Grinds):  94

 

CME Feeder Cattle Index: 141.62… -0.09

 

Futures

Live Cattle:
February: 125.12… -1.40
April: 126.07… -1.30
June: 116.42… -1.03
Feeder Cattle:
January: 141.05… -0.40
March: 141.50… -1.32
April: 142.95… -1.45
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February Hogs: 61.47… +0.25
January Crude Oil: 52.57… -1.23
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March Corn: 3.7900… -0.0275
March Soybeans: 9.0925… -0.0750
March Wheat: 5.2125… +0.0350
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Grain Cash Bids:
Kansas City Corn: 3.71… -0.03
Kansas City Soybeans: 8.56… -0.07
Kansas City Wheat: 4.96… +0.03

 

Financial Markets:

Dow Jones Industrial Average: 24,404.48… -301.87
S & P 500: 2,632.90… -37.81
NASDAQ: 7,020.36… -136.87
U.S. Dollar Index: 96.35… +0.03

 

 

Monday Auction Reports...

Oklahoma National Stockyards - Oklahoma City OK... 
Receipts           Week Ago              Year Ago
  4,500                  9,166                    9,868
*** Close ***Compared to last week:  Feeder steers and heifers mostly 2.00-6.00 lower with exception to 600-650 lb. steers bringing 1.00 higher.  Steer calves steady to 6.00 higher.   Heifer calves 500-600 lbs. 3.00-5.00 lower, lighter weights steady to 2.00 higher on a lighter test. Demand moderate to good, especially good on long weaned steer calves.  Quality plain to average with a few handfuls of long weaned attractive calves and feeders.  A strong winter storm was expected over the weekend  with large amounts of snow and freezing temperatures causing many producers to delay shipping, however only seasonal weather arrived.
  
Joplin Reg. Stockyards Feeder Cattle - Carthage MO... 
Receipts           Week Ago              Year Ago
  2,920                  6,810                     8,927
***CLOSE*** Compared to last week, steers unevenly steady, heifers under 550 lbs steady to 3.00 higher, over 550 lbs steady.  Demand moderate to good, supply light. Receipts were curtailed with the expected winter storm in the forecast. However the temperature above freezing and a warm-up before getting colder later in the week.  Feeder cattle supply included 46 percent Steers, 50 percent Heifers, and 4 percent Bulls. Feeder cattle supply over 600 lbs was 34 percent.
  
Mid-South Livestock - Unionville TN... 
Receipts: 233        Last week: 718         Last year: 1616
No trends could be established this week due to light offerings. Feeder: 193       Slaughter: 17       Replacement: 23 Slaughter cows made up 9 percent of the offering, slaughter bulls 1 percent, and feeders 90 percent.  The feeder supply included 35 percent steers, 43 percent heifers, and 22 percent bulls. Near 27 percent of the run weighed over 600 lbs.
  
Sioux Falls Regional Livestock Report - Worthing SD...
Receipts:  4564    Last Week:  6354    Year Ago:  717
Compared to last week:  Feeder steers and heifers 2.00 to 6.00 lower with instances of 7.00 to 10.00 lower on steers and 10.00 to 15.00 lower on 450-550 lbs heifers.  Demand only moderate, market activity only moderate.  Buyers much more reserved in their bidding this week. There were plenty of high quality of cattle to select from, including many longs strings and several offered in full loads.  Many small packages as well that buyers could put together to make full loads of. Flesh condition not as attractive as last week, more cattle in a moderate plus condition.
  
Tulsa Livestock Auction Wtd Avg Report - Tulsa OK... 
Receipts:  1081    Last Week:  1296    Year Ago:  2796
Compared to last week: Steers and Heifers 5.00-7.00 lower, in a light test.  Demand good.  Quality average, few attractive.  23 percent of the receipt totals are feeder cattle over 600 lbs. while 47 percent of the total receipts are heifers. Slaughter cows 3.00 higher. Slaughter bulls too few receipts to establish a trend.  A total of 128 cows and bulls sold with 69 percent going to packers.
  
Harward Brothers Livestock Market - Turnersburg NC... 
Receipts:  773          Last Week:  416      Last Year: 710
Compared to last week, slaughter cows were mostly 2.00 to 4.00 higher with bulls mostly 5.00 higher.  Feeder cattle were mostly 3.00 to 5.00 higher. Moderate demand, buyer activity and offerings.  Quality of cattle plain to average. Slaughter cows made up 27 percent of the offering, slaughter bulls 1 percent, replacement cows 1 percent, other cows 0 percent, and feeders 70 percent.  The feeder supply included 37 percent steers, 37 percent heifers, and 26 percent bulls. Near 14 percent of the run weighed over 600 lbs.
  
Cattlemen's Livestock Auction - Bowling Green KY... 
Receipts:  102          Last week: 134          Last year: 347
Compared to last week: light run due inclement weather no trends. 55 Replacement cattle, 13 slaughter cattle, 34 feeder cattle. Slaughter cows made up 15 percent of the offering, replacement cows 20 percent, other cows 7 percent, and feeders 59 percent.  The feeder supply included 7 percent steers, 59 percent heifers, and 33 percent bulls.
  
Blue Grass South Livestock Market - Stanford KY... 
Receipts:  170    Last Week:  343    Year Ago:  414
Compared to last Monday:No comparison due to limited supply. Feeders-153,Slaughter -16,Replacements-1 Supply included 19 percent over 600 lbs and 52 percent heifers.
  
Farmer's Livestock Market - Glasgow KY... 
Receipts: 425        Last Week: 1146       Last Year: 1249
Compared to last Week: No comparison due too light test on feeder calves. Slaughter cows steady, Slaughter bulls too few too test. Heavy rain and extreme cold temperatures slowed movement of cattle today. The supply included 10.5 percent steers, 33.0 percent heifers, and 22.8 percent bulls,0 percent Holstein steers with 17.7 percent weighing over 600 lbs.
  
El Reno Cow and Bull Sale - El Reno OK... 
Receipts:  416         Last Week:  536      Last Year:  690
Compared to last week:  Slaughter cows sold steady to 3.00 higher.  Slaughter bulls mostly steady.  Packer demand moderate to good.  A total of 404 cows and bulls sold with 57 percent going to packers.
  
Cattlemens Livestock - West Point MS
Receipts     This week    568       Last Week    610
Compared to last week slaughter cows trended Steady. Slaughter bulls trended Steady. Feeder steers trended Steady. Feeder heifers trended Steady. Feeder consisted of 36 percent steers and 64 percent heifers. Receipts weighing under 600 lbs 67 percent over 600 lbs 23 percent. Total receipts were made up of 90 percent feeders, 7 percent slaughter cows and 3 percent Pairs/Replacements.
  
Tadlock Stockyards - Forest MS... 
Receipts     This week    447       Last Week    920
Compared to last week slaughter cows trended 1.00 to 2.00 Higher. Slaughter bulls trended Steady. Feeder steers trended 3.00 to 8.00 Higher. Feeder heifers trended 4.00 to 6.00 Higher. Feeder consisted of 50 percent steers and 50 percent heifers. Receipts weighing under 600 lbs 61 percent over 600 lbs 20 percent. Total receipts were made up of 81 percent feeders, 10 percent slaughter cows and 9 percent Pairs/Replacements.
  
Patton Junction Livestock Auction - Patton MO... 
Receipts:  201    Last Week:  522    Year Ago:  967
Due to the weather too small of an offering for a trend comparison.  Few slaughter cows and bulls sold steady. Supply very light.  Cows made up approximately 8 percent of the run, 92 percent feeders.  Steers made up approximately 4 percent of the offering, 25 percent heifers with 68 percent feeder bulls.  Offerings over 600 lbs totaled around 31 percent.
  
Eastanollee Livestock Auction - Eastanollee GA... 
Receipts:  278    Last Week:  236    Year Ago:  472
Compared to one week earlier, slaughter cows steady to 2.00 lower, slaughter bulls lightly tested, feeder steers and steer calves unevenly steady, feeder bulls and feeder heifers mostly steady, bull calves and heifer calves steady to 2.00 higher.
  
Carroll County Livestock Auction - Carrollton GA... 
Receipts:  308    Last Week:  707    Year Ago:  689
Compared to one week ago, slaughter cows and slaughter bulls mostly steady, feeder steers, bulls, and heifers mostly steady, steer calves lightly tested, bulls calves steady to 5.00 higher, heifer calves 2.00 to 5.00 higher, replacement cows mostly steady.
  
Florence Livestock Auction - Florence AL... 
Receipts:  298    Last Week:  683    Year Ago:  1008
Compared to a week ago: Slaughter cows sold 1.00 higher, bulls sold mostly steady. Feeder steers and bulls sold steady. Feeder heifers sold steady to 2.00 lower. Demand on feeders good. Replacement cows and pairs sold mostly steady. Slaughter cows 5 percent, bulls 1 percent, replacement cows and pairs 4 percent, and feeders 90 percent. The feeder supply included 22 percent steers, 49 percent heifers, and 29 percent bulls. Near 12 percent of the run weighed over 600 lbs.
  
Carolina Stockyards - Siler City NC
Receipts:  914          Last Week:  1111      Last Year: 666
Compared to last week. slaughter and feeder cattle were steady.  Moderate demand, market activity and offerings.  Quality of cattle average. Slaughter cows made up 20 percent of the offering, slaughter bulls 2 percent, replacement cows 0 percent, and feeders 78 percent.  The feeder supply included 34 percent steers, 40 percent heifers, and 26 percent bulls. Near 13 percent of the run weighed over 600 lbs.
  
Swainsboro Stockyard Auction - Swainsboro GA... 
Receipts:  442    Last Week:  421    Year Ago:  271
Compared to one week ago, slaughter cows and bulls mostly steady, feeder steers, heifers and bulls mostly steady, steer, heifer and bull calves steady, replacement cows mostly steady. Slaughter cows 13 percent; slaughter bulls 2 percent; and feeders 85 percent. In the feeder supply, steers made up approximately 15 percent of the run; heifers 48 percent; bulls 31 percent and replacement cows 6 percent. Feeders over 600 lbs totaled around 7 percent.
  
Tri-State Livestock Auction Market - McCook NE... 
Receipts:  2234    Last Week:  2750    Year Ago:  0
Compared to last week, steers were 1.00 - 8.00 higher and heifers were 3.00 - 12.00 higher. Demand was good on all offerings. Steers accounted for 49 percent and heifers 51 percent of the offering. Weights over 600 67 percent and the rest weigh cows and bulls.
  
Dewart Livestock Auction - Dewart PA…
                   Cattle    Calves
Receipts:     83          139
Two week:  86          251
SPECIAL NOTE: Today’s market had a much lower supply of animals due to extreme cold and poor road conditions. Compared with two weeks age slaughter cows sold 1.00-2.00 higher. Cattle supply included 2 steers and heifers, 27 slaughter cows, 2 bulls, and 4 feeder cattle and 50 dairy animals. All prices per cwt.
  
Russell Feeder Cattle Auction - Russell IA
Receipts:  3419    Last Week:  4587    Year Ago:  3256
Compared to the sale last week: Feeder strs under 750 lbs. mostly 1.00-3.00 higher, feeder strs over 750 lbs. mostly 2.00-4.00 lower and feeder hfrs mostly 1.00-2.00 higher. Trade Active and Demand good today. Receipts this week included 70 percent feeder cattle over 600 lbs. 60 percent of the feeders were strs and 40 percent were hfrs.
  
Callaway Livestock Center - Kingdom City MO... 
Receipts:  1733    Two Weeks ago:  3412    Year Ago:  2609
Compared to the last auction two weeks ago, light weight steer calves under 500 lbs were lightly tested, with 500-650 lb steers selling unevenly steady to 5.00 lower, 650-700 lbs sold steady to firm, with yearling steers over 750 lbs not well tested with two weeks ago but trading with a lower undertone.  Feeder heifers weighing 400-500 lbs sold with a lower undertone, with 500-550 lbs trading 2.00-5.00 lower, 550-600 lbs steady to firm and a pot load of 710 lb heifers selling steady with two weeks ago. 
  
Roswell Livestock Auction - Roswell NM
Receipts:  1840      Week Ago:  1803      Year Ago:  1100
Compared to last week: Steer calves under 600 lbs 4.00 lower except a few 300-350 lb value added 6.00 higher; over 600 lbs 1.00 higher. Heifers mostly 1.00-2.00 lower.  Slaughter cows 1.00 higher; bulls 2.00 higher, instance 5.00 higher on high yielding. Trade active, demand very good. Bulk supply Medium and Large 1-2 300-700 lb feeder steers and heifers. Slaughter cows 12 percent of the offering, slaughter bulls 2 percent, bred cows 5 percent, and pairs 1 percent and feeders 80 percent. In the feeder supply, steers made up approximately 46 percent of the run; feeder bulls 3 percent; heifers 51 percent; steers and heifers over 600 lbs total 15 percent.