regional weighted average
NATIONAL WEEKLY FEEDER & STOCKER CATTLE SUMMARY USDA LIVESTOCK, POULTRY & GRAIN MARKET NEWS St. Joseph, Missouri Friday, August 11, 2017 Email: [email protected] Receipts: This Week Last Week Year Ago CME FEEDER CATTLE INDEX ($/CWT) SJ_LS850 404,200 377,500 466,100 $250 $240 $230 $220 $210 $200 $190 $180 $170 $160 $150 $140 $130 $120 $110 $100
J
F
M
A
M
J
2017
J
A
S
2016
O
N
D
5 YR AVG
NATIONWIDE REPORTED WEEKLY FEEDER CATTLE AUCTION RECEIPTS (Receipts vary depending on the number of auctions reported)
400
Thousands
Compared to last week, feeder steers and heifers opened the week steady to 4.00 higher. However, feeders took a downturn later in the week trading 3.00-10.00 lower. Southeast feeder markets were mixed, trading 8.00 lower to 6.00 higher. Early-week demand was moderate to good on active trading, with moderate at best on later week sales. There was optimism going into the week, in spite of August having a bad reputation for being tough on the markets. Producers felt confident, cashing in on last week’s gains and order buyers ignoring the negative signals in the market place. These signals could not be ignored any longer on Wednesday as the CME feeder cattle futures closed down the limit on contracts through January and live cattle futures posted triple digit losses. Buyers were forced to pay for cattle at discounts to breakeven or make a profit. Live cattle futures for August closed the week below support levels at 109.72 and feeder cattle at 141.77 on the August contract. Despite the lower market, low feed costs and the surplus of corn in farmer feeder country continues to spur demand for steers. Prices in the Northern Plains and upper Midwest continue to be the highest in the nation. Cattle producers ...
300
200
More……..
REGIONAL WEIGHTED AVERAGE
100
FEEDER STEER PRICES 0
NORTH CENTRAL REGION
J
This Week $162.92
Last Week $173.41
Last Year $159.83
700-800 lbs
$154.70
$166.84
$154.33
800-900 lbs
$151.94
$156.79
$148.67
M
A
M
J
J
A
S
O
N
D
YEAR TO DATE 64 62
x 100000
Steers: 600-700 lbs
F
60
2017 YTD
58 56
2016 YTD
54 52
SOUTH CENTRAL REGION
2017 YTD
Steers: 500-600 lbs
This Week $161.86
Last Week $161.48
Last Year $161.28
600-700 lbs
$156.05
$156.73
$156.98
700-800 lbs
$146.71
$151.46
$150.34
SOUTHEAST REGION This Week $154.72
Last Week $159.07
Last Year $153.66
500-600 lbs
$148.14
$150.49
$144.56
600-700 lbs
$139.79
$142.58
$140.33
For detailed state-by-state feeder cattle quotes: National Feeder & Stocker Cattle Summary
5 Yr Avg
5 AREA WEEKLY WEIGHTED AVERAGE SLTR STEER PRICE ($/CWT) $180 $170 $160 $150 $140 $130 $120 $110 $100 $90 $80 J
Steers: 400-500 lbs
2016 YTD
F
M
A
2017
M
J
J
2016
A
S
O
N
D
5 YR AVG
USDA Livestock, Poultry, & Grain Market News St. Joseph, Missouri Phone: 816-676-7000
http://www.ams.usda.gov/LSMarketNews
J
F
M
A
M
J
2017
J
A
S
2016
O
N
D
5 YR AVG
NATIONWIDE REPORTED WEEKLY FEEDER CATTLE AUCTION RECEIPTS (Receipts vary depending on the number of auctions reported)
400
Thousands
Compared to last week, feeder steers and heifers opened the week steady to 4.00 higher. However, feeders took a downturn later in the week trading 3.00-10.00 lower. Southeast feeder markets were mixed, trading 8.00 lower to 6.00 higher. Early-week demand was moderate to good on active trading, with moderate at best on later week sales. There was optimism going into the week, in spite of August having a bad reputation for being tough on the markets. Producers felt confident, cashing in on last week’s gains and order buyers ignoring the negative signals in the market place. These signals could not be ignored any longer on Wednesday as the CME feeder cattle futures closed down the limit on contracts through January and live cattle futures posted triple digit losses. Buyers were forced to pay for cattle at discounts to breakeven or make a profit. Live cattle futures for August closed the week below support levels at 109.72 and feeder cattle at 141.77 on the August contract. Despite the lower market, low feed costs and the surplus of corn in farmer feeder country continues to spur demand for steers. Prices in the Northern Plains and upper Midwest continue to be the highest in the nation. Cattle producers ...
300
200
More……..
REGIONAL WEIGHTED AVERAGE
100
FEEDER STEER PRICES 0
NORTH CENTRAL REGION
J
This Week $162.92
Last Week $173.41
Last Year $159.83
700-800 lbs
$154.70
$166.84
$154.33
800-900 lbs
$151.94
$156.79
$148.67
M
A
M
J
J
A
S
O
N
D
YEAR TO DATE 64 62
x 100000
Steers: 600-700 lbs
F
60
2017 YTD
58 56
2016 YTD
54 52
SOUTH CENTRAL REGION
2017 YTD
Steers: 500-600 lbs
This Week $161.86
Last Week $161.48
Last Year $161.28
600-700 lbs
$156.05
$156.73
$156.98
700-800 lbs
$146.71
$151.46
$150.34
SOUTHEAST REGION This Week $154.72
Last Week $159.07
Last Year $153.66
500-600 lbs
$148.14
$150.49
$144.56
600-700 lbs
$139.79
$142.58
$140.33
For detailed state-by-state feeder cattle quotes: National Feeder & Stocker Cattle Summary
5 Yr Avg
5 AREA WEEKLY WEIGHTED AVERAGE SLTR STEER PRICE ($/CWT) $180 $170 $160 $150 $140 $130 $120 $110 $100 $90 $80 J
Steers: 400-500 lbs
2016 YTD
F
M
A
2017
M
J
J
2016
A
S
O
N
D
5 YR AVG
USDA Livestock, Poultry, & Grain Market News St. Joseph, Missouri Phone: 816-676-7000
http://www.ams.usda.gov/LSMarketNews
