Cattle Current-Week ending July 14

Cattle Current-Week ending July 14

There were too few comparable sales to for an accurate trend in cash calf and feeder cattle prices—due to the previous holiday week—but trade was active on moderate supplies and moderate to very good demand, according to the Agricultural Marketing Service (AMS).

“Demand remains excellent for long-time weaned calves and yearlings coming off of grass,” AMS analysts say. “As typical in the summer months, many un-weaned calves are beginning to make their way to sale barns; however, these are selling on limited demand. Cattle buyers throughout the Plains continue to demonstrate caution as the hot, humid weather has set in.”

Week to week on Friday, Live Cattle futures were an average of $3.49 higher. Feeder cattle futures were an average of $8.18 higher.

Although wholesale beef values continued lower, cash fed cattle prices were mostly $2-$3 higher than the previous week at mostly $120/cwt. Dressed trades were mostly $3 higher at $191.

Week to week, Choice boxed beef cutout value was $9.49 lower Friday afternoon at $209.35/cwt. Select was $7.09 lower at $195.42.

“Slaughter cattle have continued to move at a good pace, with the year-to-date slaughter 5.9% higher than a year ago,” AMS analysts say. “This provides support to the feeder cattle market and was demonstrated during this week’s feedlot trade.”

 

 

Friday to Friday Change*

 

Weekly Auction Receipts

Receipts Auction Change Direct Change Video/Internet Change Total Change
July 14 150,700 + 134,900 81,200 + 43,000 138,200 + 82,700 370,100 + 260,600

 

CME Feeder Index

CME Feeder Index July 13 Change
  $149.74 + $1.55

*Thursday-to Thursday for CME Feeder Index

 

Cash Stocker and Feeder

North Central

Steers-Cash July 14 Change 
600-700 lbs. $172.38 +  $0.07
700-800 lbs. $162.36 –   $5.77
800-900 lbs. $156.56 +   $1.23

 

South Central

Steers-Cash July 14 Change
500-600 lbs. $159.01 – $19.79
600-700 lbs. $154.83 – $16.49
700-800 lbs. $151.00 – $8.84

 

Southeast

Steers-Cash July 14 Change 
400-500 lbs. $157.40 +  $1.66
500-600 lbs. $150.61 +  $2.55
600-700 lbs. $144.12 +  $4.86

(AMS National Weekly Feeder & Stocker Cattle Summary)

 

Wholesale Beef Value

Boxed Beef  (p.m.) July 14 ($/cwt) Change
Choice $209.35 –   $9.49
Select $195.42 –   $7.09
Ch-Se Spread    $13.93 –   $2.40

 

Futures

Feeder Cattle  July 14 Change
Aug $154.275 +  $9.250
Sep $154.075 +  $9.050
Oct $152.750 +  $8.825
Nov $150.850 +  $7.925
Jan ’18 $147.550 +  $8.325
Mar $144.850 +  $8.275
Apr $143.800 +  $7.725
Aug $142.125 +  $6.075

 

Live Cattle  July 14 Change
Aug $117.800 +  $3.025
Oct $118.575 +  $4.750
Dec $119.000 +  $4.400
Feb ’18 $119.225 +  $3.925
Apr $118.625 +  $4.150
Jun $111.825 +  $3.625
Aug $109.750 +  $3.175
Oct $109.600 +  $2.325
Dec $109.825 +  $2.050

 

Corn futures July 14 Change
Jul $3.652 – $0.170
Sep $3.762 – $0.162
Dec $3.894 – $0.152
Mar ’18 $4.002 – $0.134
May $4.050 – $0.132
Jul $4.096 – $0.130

 

Oil CME-WTI July 14 Change
Aug $46.54 +  $2.31
Sep $46.75 +  $2.36
Oct $46.92 +  $2.36
Nov $47.12 +  $2.32
Dec $47.35 +  $2.28
Jan ’18 $47.55 +  $2.22

 

Equities

Equity Indexes July 14 Change
Dow Industrial Average 21637.74 +  223.40
NASDAQ   6312.46 +  159.38
S&P 500   2459.27 +    34.09
Dollar (DXY)        95.11 –       0.88
2017-07-17T14:14:48-05:00

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