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Date: February 4th, 2019 The only cash feedlot trade to confirm by the close on Friday was at $198 to $199 dressed in the North which was $1 to $2 higher than the previous week. All bids at $122 live in KS and TX were passed which worked out for feedlots with packers paying $123 to $124 live in both late on Friday. Packers continue to slow down the chains with only 593K head killed last week compared to 610K head the week prior. NATIONAL FEEDER & STOCKER CATTLE SUMMARY – WEEK ENDING 02/01/2019 RECEIPTS: Auctions Direct Video/Internet Total This Week 210,700 53,900 3,500 268,100 Last Week 186,800 35,500 32,100 254,400 Last Year 282,200 43,700 1,000 326,900 Compared to last week, steers and heifers sold…

Date: January 30th, 2019 Fairly tight daily ranges yesterday for livestock futures with a mixed finish. The recent snowstorms and extreme cold temps along with firm beef prices continue to be supportive. There just wasn’t a lot of buyer interest to sustain a decent rally yesterday for live cattle. Feeders continue to trend lower and lean hogs continue to collapse sharply lower into yet again new recent lows yesterday. Oklahoma National Stockyards - Oklahoma City, OK Livestock Weighted Average Report for 1/28/2019 Receipts Last Reported Year Ago 10,629 4,489 7,501 Compared to last week: Feeder steers sold 2.00-6.00 higher. Feeder heifers 2.00-4.00 higher. Steer and heifer calves sold mostly 5.00-6.00 higher. Demand good to very good. Quality average to attractive with an abundance of uniform,…

1.29.19 Loewen morning ag markets

Date: January 28th, 2019 Cash feedlot trade last week at $122-$123 live, $197 dressed NE, steady with a week ago, $122-$123 live in KS and mostly $123 live in TX, steady to $2 lower than the week previous. Chainspeeds reduced again, down another 10K head compared to last week and some 30K+ head lower than a month ago yet beef prices still firm and $2 to $3 higher than the week previous. NATIONAL FEEDER & STOCKER CATTLE SUMMARY – WEEK ENDING 01/25/2019 RECEIPTS: Auctions Direct Video/Internet Total This Week 186,800 35,500 32,100 254,400 Last Week 267,700 63,600 3,800 334,800 Last Year 283,400 83,800 20,200 387,400 Compared to last week, steers and heifers were uneven; with early week sales quoted steady to 5.00 lower and mid…

1.24.19 Loewen morning ag markets

Date: January 23rd, 2019 Strong pressure and sharp losses in cattle futures yesterday as hogs were mixed. Beef prices were still higher yesterday but there are concerns building about long term summer and fall beef demand. There was also a 1,000 head sale yesterday in KS at $122 live, $2 lower than last week that sent a shockwave through the cattle markets. There was also some light movement in NE at $123 live and $196 dressed, $1 to $2 lower. Showlists do appear to be larger this week as cash trade volume was light a week ago. Oklahoma National Stockyards - Oklahoma City, OK Livestock Weighted Average Report for 1/21/2019 Receipts Week Ago Year Ago 4,489 9,166 9,868 Compared to last week: Feeder steers and…

Date: January 16th, 2019 New highs for nearby fat cattle futures while feeders and hogs continue to tread water with small gains yesterday after Monday’s sharply lower moves. Showlists appear to be larger this week but packers still need inventory or will have to slow down the chains. Winter weather is taking a toll on big chunk of the feeders in the South and could provide enough pressure this week on cattle owners to push inventory out sooner rather than holding in hopes for higher money again later in the week. Chinese Ag Ministry data for December shows the country's pig herd off -4.8% from the year ago month, while the sow herd was down -8.3% in December 2018 versus Dec 2017. For three consecutive…

Date: January 14th, 2019 Light cash feedlot trade during the week led to another standoff for Friday. This time feeders were the beneficiary with futures steady to higher and packers paying $1 higher at $124 live and $2 higher at $197 on a dressed basis. Lean hog futures finished lower to end the week but both cattle and hog futures were higher compared to a week ago. NATIONAL FEEDER & STOCKER CATTLE SUMMARY – WEEK ENDING 01/11/2019 RECEIPTS: Auctions Direct Video/Internet Total This Week 366,900 65,000 154,400 586,300 Last Week 79,300 23,200 7,400 109,900 Last Year 372,300 39,800 118,200 530,300 Compared to last week, steers and heifers sold uneven, from 4.00 lower to 1.00 higher. This week's total receipts on this report is the largest…

Great action yesterday again in the cattle complex. Following a strong push into new or recent highs on the last day of 2018, it was followed up by four consecutive days of losses to ring in the New Year. Monday was a big turnaround day for cattle with some bullish key reversals on a few contract months and yesterday the front month February Live Cattle outperformed everything else with a giant $2+ higher push back into new contract highs again. That put the close at $125.30, which is $2.30 premium to last week’s Southern Plains cash trade. Definitely brought a lot of optimism into the mix for a higher potential for cash this week finally as well. Even with a product market that is showing…

Date: January 7th, 2019 Packers paid $123 live and $195 dressed on Thursday jumping forward to avoid a Friday standoff. Packer margins have declined some recently but still remain in the black. Not all sellers were willing to accept steady money and left offers firmly at $125. This did not bode well Friday with futures tanking and packers pull bids back. Trade in the North Friday was at $122 to $122.50 live but still held at $195 dressed. NATIONAL FEEDER & STOCKER CATTLE SUMMARY – WEEK ENDING 01/04/2019 RECEIPTS: Auctions Direct Video/Internet Total This Week 79,300 23,200 7,400 109,900 2 Wks Ago 183,800 16,900 4,000 204,700 Last Year 116,000 21,400 5,600 143,000 Compared to two weeks ago, steers under 700 pounds were mostly 1.00-4.00 higher,…