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Date: February 3rd, 2020 Livestock futures were mixed Friday but yet again lower for the week as hog futures were down over $10 for the week. The fast spreading coronavirus continues to lead the newswires with more travel bans imposed and fear that economies in Southeast Asia will begin to slowdown. Cash feedlot trade backed up $2 this past week to $122 live, the first move off the $124 level this year. Dresses trade in Nebraska developed late last week at $195, $4 lower. UDSA reported January 1 Cattle Inventory down slightly compared to a year ago with all cattle and calves in the United States as of January 1, 2020 at 94.4 million head, slightly below the 94.8 million head on January 1, 2019.…

Date: January 27th, 2020 Livestock futures were mixed Friday but lower for the week. The fast spreading coronavirus that started in China has added quite a bit a fear to all the markets as any disruption or let down in consumer spending and consumption in the largest populated nation is very critical to world trade. Cash feedlot trade starting in the South midweek at $124 live, steady with the week previous and steady now for 4 weeks in a row. Trade in the North again holding out for higher money but settling again steady at $124 live and $198 to $200 on a dressed basis. Monthly cold storage data showed total frozen poultry supplies up 1% from a year ago, although chicken specifically was up…

Date: January 22nd, 2020 Livestock and grain futures were mixed yesterday after the 3-day weekend. There was hope early on that cattle futures would have a strong start with packers running Monday and beef prices higher, but overall it was another early in the week trading day with little direction. Formula totals for last week were mixed, larger in Nebraska, but smaller in Texas and Kansas: Kansas 86,605 (down 13,399), Nebraska 60,284 (up 7,982), Texas 74,955 (down 3,687). Total trade volume was also mixed, higher in Nebraska, somewhat lower in Texas, and lower in Kansas: Kansas 108,370 (down 6,723), Nebraska 85,284 (up 14,102), Texas 81,801 (down 744). New show lists appear to be larger in Kansas, but lower in Texas, and Nebraska/Colorado. The Fed Cattle…

Date: January 21st, 2020 Livestock futures traded mixed to end the week but we still took $1 off live cattle futures and $2 off feeders compared to a week ago. This latest round of winter weather is the first for the season covering the majority of the feeding area yet still not enough to add much weather premium heading into a 3-day weekend. Cash feedlot trade was rolling Thursday first in the South at $124 live, steady with the week previous. Feeders held back for a bit in the North but by late afternoon trades were reported also steady with the week previous at $124 live and $198 to $200 dressed. NATIONAL FEEDER & STOCKER CATTLE SUMMARY – WEEK ENDING 01/17/2020 RECEIPTS: Auctions Direct Video/Internet…

Date: January 17th, 2020 Livestock futures and grains finished mostly lower yesterday as it was a mass exodus or liquidation for Ag futures. Cash feedlot trade was rolling yesterday first in the South at $124 live, steady with last week. Feeders held back for a bit in the North but by late afternoon trades were reported also steady with last week at $124 live and $198 to $200 dressed. Volumes should be larger this week than last. Winter Livestock - Dodge City, KS Livestock Weighted Average Report for 1/15/2020 Total Receipts: 4,353 Last Week: 6,455 Last Year: 1,983 Compared to last week: Feeder steers sold mostly 2.00 to 4.00 lower. Feeder heifers sold steady to 2.00 higher. Weaned calves limited comparable weights. Steer calves 1.00…

Date: January 15th, 2020 Mixed but much quieter day for cattle futures yesterday as lean hogs charged triple digits higher. Grains were also mixed as wheat led the way higher, corn and soybeans tried to hold gains but fell short at the end. Equites were mixed along with lower gold, higher crude and a steady US$. Sounds a lot like all the markets were looking for direction in which they currently are. The Fed Cattle Exchange online auction will be held later this morning with 744 head consigned compared to last week’s 470 head of which none sold. Wednesday will still probably be too early in the week for cattle trade but will be a good indication as to how packers perceive this week's trading…

Poor start to the week for the meat complex. Feeder cattle and lean hogs both had contracts down in the triple digits at the close, while the live cattle were just mild to moderately weaker. Another disappointment was an end to the three consecutive weeks of advances in the negotiated cash feedlot trade. $124 traded from north to south Friday, along with $200 dressed in Nebraska. A relatively new month still and new contract cattle to pull kept packers on the defensive and also resulted in just light to moderate negotiated numbers trading at that steady money with the previous week. It probably doesn’t help matters that beef packer margins have eroded very aggressively in the last month from a combination of choice and select…

Date: January 10th, 2020 Small gains for cattle futures as lean hogs were triple digits lower. Cash feedlot trade still light so far this week with only a few hundred head so far at $125 live and $198 dressed which is steady with last week. Farmers and Ranchers Livestock Commission Co. - Salina, KS Livestock Weighted Average Report for 1/9/2020 Total Receipts: 4,439 Last Reported 1/2/20: 3,448 Compared to last week: Steers 650-950 lbs steady to 2.00 higher. Heifers 650-1050 lbs steady to 3.00 lower. Steers and heifers 650 lbs and under higher undertone noted. Winter Livestock - Dodge City, KS Livestock Weighted Average Report for 1/9/2020 Total Receipts: 6,455 Last Reported 12/18/19: 2,828 Last Year: 3,395 Compared to three weeks ago: Feeder steers sold…

Date: January 6th, 2020 All grain and livestock futures were lower to end the week as gold and crude shot higher as the ramp up with Iran took center stage. Cash feedlot trade last week was reported at $2 higher than the week previous with $124 to $125 live and $198 to $200 dressed sales. Export sales for December 20th through the 26th were bearish for beef at only 3,700 MT for 2019 and 5,700 MT for 2020. Exports were down 23% from the 4-week average as well at 12,600 MT. Net pork sales and shipments though were friendly with 24,100 MT sales for 2020 and shipments at 30,600 MT. Net sales for 2019 were a marketing year low of 3,300 MT due to cancellations…