AND STOCKER CATTLE
(Federal-State Market News)
St. Joseph, Mo.
NATIONAL FEEDER & STOCKER CATTLE SUMMARY – WEEK ENDING 08/02/2019 RECEIPTS: Auctions Direct Video/Internet Total This Week 148,700 94,200 6,200 249,100 Last Week 131,200 62,500 113,800 307,500 Year Ago 156,900 67,300 30,200 254,400 Compared to last week, steers and heifers sold mostly steady to 2.00 higher. Some offerings in the Northern Plains were 2.00 to 5.00 lower after last week’s sharp uptick, while some steers in the Southern Plains were 6.00 to 7.00 higher at special sales. Pastures have not been damaged by the scorching summer heat in the Plains states like last year. Ranchers are feeling blessed to be in this position at this point of time. Several auctions across the country are readying themselves for a big run of feeders that normally start coming to town this time of year and buyers are ramping up for the influx. Order buyers have their marching orders to buy feeders this week either at sale barns or in the country with several making trips to the Flint Hills and Osage grass country. Cattle in those areas have gained well this grazing season and several strings of cattle have sold this week, with more in the coming weeks. Bigger feeders were in demand on Thursday at Winter Livestock in Pratt, KS a load of steers weighing 898 sold at 151.10 while their 903 lb brothers sold at 149.50. On Wednesday at Sheridan Livestock Auction Company in Rushville, NE two loads of 1023 lb steers sold at 141.00, while a couple part loads of 917 to 922 lb heifers sold at a weighted average of 135.26. CME cattle futures at mid-week had a tough day on Wednesday with sharp losses as traders enter the month of August. Follow through trading was also very weak on Friday as Feeder Cattle Futures closed over 3.00 lower on the September through November contracts. Light trade on Wednesday in the Southern Plains at 111.00 mostly 1.00 lower than last week, while the bulk of dressed sales in Nebraska were mostly 2.00 higher at 185.00. Thursday live cattle futures recovered some losses with solid gains. Boxed-beef values have strengthened in price this week mostly due to strength in the rib and very good beef demand. For the week, the Choice cutout closed 2.56 higher at 214.73, while Select was 2.29 higher at 190.63. Cattle Slaughter under federal inspection estimated at 626K for the week, 28K less than last week and 2K more than a year ago. Auction volume this week included 55 percent weighing over 600 lbs and 40 percent heifers.
Northwest Weighted Average Direct Feeder Cattle
Weekly Summary WA-OR-ID-UT
Receipts: 4,130 Last Week: 1,901 Year Ago: 347 Compared to last week: Feeder steers 2.00 higher, feeder heifers not tested on current delivery. Demand good. Supply consisted of 100 percent over 600 lbs. and 77 percent heifers. Unless otherwise stated prices are FOB weighting points with 2-3 percent shrink or equivalent and a 5-10 cent slide on calves and a 4-12 cent slide on yearlings from base weights. Current sales are up to 14 days delivery. Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Delivery 550 935 935 138.00 138.00 Current Del 200 925 925 136.50 136.50 Aug-Sep Del 190 800 800 140.00 140.00 Sep Del Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Delivery 1600 910 910 131.60 131.60 Sep FOB 533 750 750 144.00 144.00 Sep Del 420 800 800 132.00 132.00 Sep Del 177 850 850 132.50-136.50 135.17 Sep Del Feeder Heifers Medium and Large 1-2 Head Wt Range Avg Wt Price Range Avg Price Delivery 460 875 875 126.45 126.45 Current Del