AND STOCKER CATTLE
(Federal-State Market News)
St. Joseph, Mo.
RECEIPTS: Auctions Direct Video/Internet Total This Week 156,200 35,700 46,100 238,000 Last Week 155,900 41,600 15,000 212,500 Year Ago 182,800 47,400 66,800 297,000 Compared to last week, steers and heifers sold uneven; 3.00 lower to 3.00 higher. There were instances of auctions in the North Central area calling their markets up to 8.00 to 10.00 higher on some in demand weight groups. Many loads of yearlings were in the supply this week as several barns held pre-Fourth of July special sales. Joplin Regional Stockyards sold in excess of seventeen thousand head over two auctions with another video sale scheduled for next week. Most cattle this week on hand at auctions were very high quality and found good demand. Cattle feeders had the opportunity to make like-kind purchases this week and they were willing to step in this week and own them, especially after the CME Cattle Complex moved sharply higher on Wednesday. The front 5 months of Feeder Cattle contracts were limit higher at one point during that trading session. Support waned somewhat on Thursday, however FC futures were just incrementally lower on the day. The expiring front month June Live Cattle contract ended its contract life at 110.50. After the close, packers started buying cattle in the Southern Plains at 109.00. Pastures and crop land nationwide are 180-degree difference from last year when near 50 percent of the country was in drought status. This week, sunshine and warmer temperatures allowed for a lot of seat time on the tractor as ranchers finally have the weather to get forage baled. The Grain Stocks and Acreage reports were released today with corn acreage estimated at 91.7 million acres and soybean acres at 80.04 million acres as of June 1. In addition, during July the USDA’s NASS will collect updated information on 2019 acres planted to corn, cotton, sorghum and soybeans in 14 states. NASS previously collected planted acreage information during the first two weeks of June, with the results published in the June 28 Acreage report. Excessive rainfall had prevented planting at the time of the survey, leaving a portion of acres still to be planted for corn in Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, New York, North Dakota, Ohio, South Dakota, and Wisconsin; cotton in Arkansas; sorghum in Kansas; and soybeans in Arkansas, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, New York, North Dakota, Ohio, South Dakota, and Wisconsin. If the newly collected data justify any changes, NASS will publish updated acreage estimates in the Crop Production report to be released at noon ET on Monday, Aug. 12. For the week, the Choice cutout closed 0.16 lower at 219.66, while Select was 3.99 lower at 195.56. Cattle Slaughter under federal inspection estimated at 665K for the week, 3K more than last week and 16K more than a year ago. Auction volume this week included 53 percent weighing over 600 lbs and 42 percent heifers.
Northwest Weighted Average Direct Feeder Cattle Weekly Summary WA-OR-ID-UT
Receipts: 419 Last Week: 1,889 Year Ago: 0 Compared to last week: No good comparison of steers or heifers for an accurate market trend. Cattle futures finally rebounded this week and still waiting to see if cash slaughter cattle will do the same. Demand for feeder cattle moderate as buyers taking a wait and see attitude. Supply consisted of 88 percent over 600 lbs. and 43 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 50 650 650 149.00 149.00 Current Del 64 732 732 137.45 137.45 Current Del 65 750 750 141.00 141.00 Current Del 60 900 900 127.00 127.00 Current Del Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Delivery 50 600 600 140.00 140.00 Current Del 65 690 690 146.00 146.00 Current Del 65 800 800 120.00 120.00 Current Del