| TCR's Weekly Current & Projected Feedyard Closeout
Slaughter Cattle: Thus far for Wednesday in the Southern Plains trading has been slow on light demand. A few early live cash trades in the Texas Panhandle have moved at 117.00. In Kansas a few early live trades have moved from 117.00-118.00. In the Northern Plains and Western Cornbelt for Wednesday trading has been inactive on very light demand. Not enough trades for a full market trend in any feeding region. Last week in the Texas Panhandle live cash trades were from 117.00-118.00. In Kansas live cash trades were mostly at 118.00. For the prior week in Nebraska live cash trades were from 114.00-119.00 and dressed trades were from 184.00-190.00. In Colorado last week a very light test of live cash trades were at 119.50. In the Western Cornbelt for the previous week saw live cash trades from 116.00-120.00 and dressed trades mostly at 188.00.
Negotiated Sales: Confirmed: 5,707 Week Ago: 12,400 Year Ago: 3,824
Formula Purchases: Net - Dressed
Head count priced today: 20,600
Weighted avg weight: 861.00
Weighted avg net price: 194.41
Alberta Beef Producers Daily Report: Alberta direct cattle sales Tuesday saw no new trade to report but there is a chance scattered trade could develop by this afternoon. Technical prices levels have improved since Monday. Roughly 5-10% of this weeks cash offering are calves. By the sounds of things packers are pulling hard on April contract cattle.
Livestock Slaughter under Federal Inspection:
Cattle Calves Hogs Sheep
Wednesday (est 119,000 2,000 466,000 7,000
Week ago (est) 118,000 2,000 466,000 6,000
Year ago (act) 115,000 2,000 447,000 9,000
Week to date (est) 356,000 6,000 1,367,000 23,000
Last Week (est) 339,000 6,000 1,247,000 22,000
Last Year (act) 341,000 6,000 1,335,000 31,000
Boxed Beef: Boxed beef cutout values weak on light to moderate demand and moderate offerings. Select and Choice rib, chuck, and round cuts mostly steady while loin cuts steady to weak. Beef trimmings mostly sharply lower on light demand and moderate offerings.
Cutout Values... Choice Select
Current Cutout Values: 213.07 200.61
Change from prior day: -0.44 -0.72
Choice/Select spread: 12.46
Futures Summary:
April Live Cattle Futures: 113.50...+0.70
June Live Cattle Futures: 101.57...-0.53
August Live Cattle Futures: 102.37...+0.07
April Feeder Cattle Futures: 135.27...+0.45
May Feeder Cattle Futures: 135.55...+0.28
Aug Feeder Cattle Futures: 140.70...+0.08
CME Feeder Cattle Index: 134.85...+0.04
May Lean Hog Futures: 67.92...+0.47
National Grain Market Summary: Compared to yesterday, cash bids for wheat were mixed, corn and soybeans were lower. A lack of fresh news put bearish pressure on the market today, with grains posting moderate losses. Last week’s ethanol production totaled 1.034 million barrels per day, 4,000 less than the week prior.
Kansas City Corn: 3.73...-0.02
Kansas City Soybeans: 10.14...-0.03
Kansas City Wheat: 5.07...-0.05
May Corn Futures: 3.8700...-0.0225
May Soybean Futures: 10.4775...-0.0225
May Wheat Futures: 4.8725...-0.0475
Nearby Crude Oil Futures Contract: 66.82...+1.31
Dow Jones Industrial Average: 24,407.79
NASDAQ: 7,094.30
U.S. Dollar Index: 89.61
|