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Date: July 22nd, 2019 Cash feedlot trade started down in TX at $111 live which is $1 lower than the week previous and up in the Western Corn Belt at steady with a week ago at $114 to $116 live and $182 to $185 dressed. KS trade followed right along with TX at $111 live as well, $1 lower than the week previous while NE traded $113 to $114 live at $182 to $183 dressed. Cattle futures flipped from an a lower early morning start to hold small gains while lean hogs scored triple digit gains to end the week. For the week, Friday July 12th through Friday July 19th, August Live Cattle -$.87, October -$1.47, August Feeder Cattle -$1.62, September -$2.75, August Lean Hogs…

Date: July 17th, 2019 Cattle futures were lower yesterday after a steady day on Monday while lean hogs were lower nearby but higher on the deferred contracts from spread trading. Live cattle futures may have peaked for the week unless we can see higher cash feedlot trade or cutouts turn higher later this week. Cash feedlot trade quiet so far this week. The Fed Cattle Exchange online auction later this morning with 326 head consigned compared to last week’s 423 head of which none sold. Feeders topped out last week and have traded flat since which is concerning with corn lower the past couple days and we await another cattle on feed report this Friday. Oklahoma National Stockyards Feeder Cattle - Oklahoma City, OK Livestock…

Pretty good week for most of the meat complex as a whole. Futures were solidly higher, negotiated cash feedlot trade was up good as well, but the product trade suffered a lot of weakness. Friday’s futures close had live cattle all up mildly, feeders down moderate to actively with a couple of contracts down in the triple digits. Hogs were down on the front month July, but up in the triple from the August contract through most of the deep deferreds. It took until deep into Friday for any interest to develop in Southern Plains cash trade. Kansas and Texas both logged $112 trade, which was up $3 from the previous week. Nebraska moved a few numbers Thursday at a $185 dressed top, which was…

Date: July 10th, 2019 Livestock futures all finished with strong gains yesterday, most posting key reversals higher on the charts. Corn was under pressure and buyers jumped into the cattle and hog futures. August thru December hogs hit limit higher mid-morning and were able to hold limit higher into the close. Feeders touched limit higher but finished just off those levels while fats scored nearly $2 gains. Cash feedlot trade still quiet so far this week with asking prices surely to come up with the jump in futures so far this week. The Fed Cattle Exchange online auction will be held later this morning with 423 head consigned compared to 392 head last week of which 53 sold for $109 live and 1 to 17…

The relentless pounding of the hog market continued on Monday with $2+ losses across most contract months. Cash has been on a steady course to the downside over the last month plus and the product market is working lower in tandem. Oddly enough, it was African Swine Fever in China that led to the giant rally from March to the April highs, but as the disease spread into other Asian countries and other parts of the globe we’ve seen a drop in the futures market that has taken prices below the levels that were trading when the rally started. In the process, the US has logged six major pork export sales to China and they continue to make the top 5 list on new purchases…

Date: July 8th, 2019 Beef weekly export sales were above average while pork sales dipped below but shipments were strong with 8,100 MT of the 27,000 MT total going to China. Cattle futures held triple digit gains Friday while lean hogs were triple digits lower. Most of the cash feedlot trade last week was done before the Independence Day break. $109 live in the South which is steady with the week previous and still premium to the nearby August contract helping to attract some buying in the futures. In the North, trade was seen initially on light volume at $111.50 live then moved up to $113 to $114, $178 to $180 dressed, steady to $2 better than the week previous. NATIONAL FEEDER & STOCKER CATTLE…

Date: July 5th, 2019 Cash feedlot trade got going in the South Wednesday morning at $109 live, steady with last week and still premium to the nearby August contract helping to attract some buying in the futures. In the North, trade picked up as well moving from light volume at $111.50 live up to $113.50 and $178 to $180 dressed, steady to $2 better than last week. Feeders flipped from $1+ higher to $1+ lower as corn pushed into double digit gains. Green City Livestock Auction - Green City, MO Livestock Weighted Average Report for 7/3/2019 Total Receipts: 4,196 Last Report 6/19/19: 1,875 Last Year’s 2-day sale: 6,294 Compared to the last sale two weeks ago, steers and heifers traded mostly 5.00 to 8.00 higher.…

There was a lot of green on the screen across the meat complex to start the week. Feeder cattle got a boost from a giant drop in corn on Friday and another fallout yesterday as well. That cheaper feedgrain picture helped back end contracts more than the front though with the August only up mildly, Sept was up less than $1 and then $1+ gains were the norm from the October and beyond contracts. Live cattle trade was higher, but only mildly and the front end August was the only red ink across the whole meat complex. Hogs were coming off of what I would call a bearish Quarterly Hog and Pig report from Friday. The total inventory and market hog numbers were up 4%…

Date: July 1st, 2019 Cattle futures finished the week mixed trying to keep up with the volatile grain market and month end trading of its own. TX and KS cash feedlot trade reported at $109 live finally on Friday while in the North trade trickled in throughout the week from $110 to $112.50 live and $175 to $180 dressed. NATIONAL FEEDER & STOCKER CATTLE SUMMARY – WEEK ENDING 06/28/2019 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…