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Date: December 30th, 2020 Cattle futures tried to hold on but with corn and the soy complex hitting new contract highs again, the lackluster trading allowed pressure to spill over pushing both live and feeder cattle triple digits lower yesterday. Beef prices moving higher indicating good Christmas clearance is overall supportive. Cash feedlot trade asking prices this week $2 to $5 higher than last week’s trade at $110 live yet no activity to report. No salebarn reports for this week as most are closed for holidays and resume next week. The following are the only state recaps for the week ending December 24th… Missouri Weekly Cattle Auction Summary Livestock Weighted Average Report for 12/18/2020 - 12/24/2020 Compared to last week, feeder calves traded mostly steady…

Date: December 28th, 2020 The first week of holiday trade now complete as livestock futures finished last week mixed. Cash feedlot trade reported at mostly $2 higher than the week previous at $110 live in the South and $4 to $6 higher at $172 dressed in the North. Beef exports remain neutral as pork export sales slipped lower this past week but actual exports remain very strong. Mild liquidation in hog breeding herd that was confirmed in last week’s Quarterly Hog and Pig report… Inventory down 1% from a year ago Breeding herd down 3% Market hog numbers down 1% Fall farrowings down 1% and the pig crop down 1% For the week, Friday December 18th through Thursday December 24th, December Live Cattle +$1.67, February…

Date: December 16th, 2020 Livestock futures finished mixed yesterday as grains were higher. Live cattle contracts continue sideways this week as feeders and lean hogs held modest gains. Cash feedlot trade still waiting to develop as showlists appear to be smaller this week. There were a few small sales reported in the North yesterday, down another $2, at $105 live and $165 dressed. Cattle on Feed report coming out this Friday with hopefully a friendly report, at least for the spring/summer 2021 outlook. The average trade estimate for cattle on feed as of December 1st is right at 100% vs. a year ago. Placements though are again expected to be lower than year ago at 91% with Marketings at 98%. Chinese Ministry of Ag and…

Date: December 14th, 2020 Livestock futures mixed on Friday and for the week. Beef and cash feedlot trade though very disappointing this past week. Beef down over $21 this past week and over $30 so far this month. Cash feedlot trade $2 to $5 lower than the week previous at $106 to $108 live and dressed trade $167 to $170. Exports for beef also not very impressive while pork continues to be strong into China, Japan and Mexico. NATIONAL FEEDER & STOCKER CATTLE SUMMARY – WEEK ENDING 12/11/2020 RECEIPTS: Auctions Direct Video/Internet Total This Week: 354,700 27,000 5,500 387,200 Last Week: 278,600 34,500 60,000 373,100 Year Ago: 347,200 34,400 1,900 383,500 Compared to last week, steers and heifers sold uneven; ranging from mostly 5.00 lower…

Date: December 9th, 2020 Livestock futures trading both sides of unchanged yesterday. Feeders tried to rally as corn prices were lower. Lean hog futures did hold onto small gains as pork prices continue to rally. Cash feedlot trade reported in KS and TX, roughly $2 lower than last week’s average at $108 live with dressed trade in the North at $170. Beef prices continue sharply lower after peaking in late November. There is some concern that inventories were building and now may not be needed as many areas of the country move back to stay at home orders in which in house restaurant dining has again been closed. Winter Livestock (Tuesday) - La Junta, CO Livestock Weighted Average Report for 12/8/2020 Total Receipts: 9,099 Last…

Date: December 8th, 2020 Livestock futures started the week triple digits lower. Live cattle traders somewhat disappointed in last week’s results as steady to higher cash feedlot trade developed early but faded to lower trade by the end of week. The pullback in beef prices not helping support higher prices for cattle either. Beef prices rallied $35 in November though with very small improvements in cash feedlot trade. Joplin Regional Stockyards Feeder Cattle - Carthage, MO Livestock Weighted Average Report for 12/7/2020 Total Receipts: 10,277 Last Week: 9,399 Last Year: 11,973 Compared to last Monday's sale, steers under 700 lbs steady, except bawling calves over 500 lbs 2.00 to 3.00 lower, steers over 700 lbs 2.00 to 4.00 lower, heifers 1.00 to 3.00 lower, except…

Date: December 2nd, 2020 Cattle futures were able to hold small gains yesterday as hogs were mixed. Cash feedlot trade is still undeveloped so far this week, only some light clean up trade in the North has been reported at $110 live and $172 dressed. Asking prices are again starting at $112 this week as some very light trade did peak at $112 to end last week but most was done at $111. Feeders have broken through for new recent highs as corn has been under pressure. Joplin Regional Stockyards Feeder Cattle - Carthage, MO Livestock Weighted Average Report for 11/30/2020 Total Receipts: 9,399 Last Week: 10,922 Last Year: 6,154 Compared to last week, steer calves under 650 lbs 2.00 to 5.00 higher, steers over…

When you couple a major holiday week with the end of a month, things are bound to get a little erratic and then jumping on top of the dog pile was a full moon happening at the same time. It created an interesting day in the grain and oilseed trade yesterday that included a LOT of pressure. Meats didn’t really do much. We had less than $1 range from high to low in the front month live cattle and a close that was mildly lower in everything. Feeders finished on the plus side of unchanged and had a broader range, no doubt aided by the sinking corn market. We’re kind of sitting at a crossroads in the cattle. The transition from fall to winter meant…