NATIONAL FEEDER

AND STOCKER CATTLE

(Federal-State Market News)

St. Joseph, Mo.

June 3

RECEIPTS

This Week Last Week Last Year

148,700 217,400 134,100

Compared to last week, steer sand heifers sold uneven; 3.00 lower to 3.00 higher on light auction volume.

Limited number of receipts this Memorial holiday week as auctions took some time off to recuperate from a busy first 5 months of the year.

The Year-to-Date auction receipts on this report are near 200K less than a year ago currently. This is indicative of the contraction in the beef cow herd in recent years and with several auctions moving to summer schedules, receipts will not be coming to sales for a few months now.

Rains across the country continues to delay corn and soybean planting along with first cutting of hay. Warmer weather and more sunshine are in the forecast and should allow many producers to wrap up spring plantings and start baling some hay.

With calving season in the books for many ranchers, they move their focus to the next breeding season and the next generation of calves to come next spring. Some producers have had bulls turned out for a month or more, howevermost look to around Memorial Day for turnout.

The CME Complex this week started the week higher but ended the week on a lower tone. Live Cattle contract were 2.00 to 3.00 lower for the week while the front four Feeder Cattle contracts were over 3.00 lower in the same period. Cash sales remains well above the CME live cattle futures due to light supply of market ready cattle in a large area. Live sales of negotiated cash fed cattle trade in the Southern Plains sold 1.00 lower at 186.00.

In Nebraska, live sales sold 2.00 lower at 190.00, while the dressed sales sold 3.00 lower at 301.00.

Choice boxed beef closed the week 2.75 higher at 313.20 while Select was 0.01 lower at 301.71 for the same period.

Weekly Cattle Slaughter under federal inspection estimated at 540K, 67K less than last week and 28K less than a year ago.

Year to Date Cattle Slaughter is currently 624K less than a year ago. Auction volume this week included 54% weighing over 600 lbs and 44% heifers.

NORTHWEST WEIGHTED AVERAGE DIRECT FEEDER CATTLE

Weekly Summary WA-OR-ID-UT

May 31

THIS WEEK LAST WEEK LAST YEAR

520 1,887 493

Compared to last week: Feeder cattle did not have enough comparable sales to establish a trend. Demand moderate. Supply included: 100% Feeder Cattle (92.3% Steers, 7.7% Heifers). Feeder cattle supply over 600 lbs was 100%. Unless otherwise noted, Feeder Cattle prices FOB based on net weights after a 2-3% shrink or equivalent, with a 8-12 cent slide >600 lbs. Livestock reported this week originated from CA, ID, OR.

Steers — Medium and Large 1-2

50 head: 810 lbs, 238.00 Current DEL

65 head: 875 lbs, 230.00 Current DEL

120 head: 900 lbs, 218.00 Current DEL

115 head: 675 lbs, 255.00 Jun DEL

Steers — Medium and Large 2

130 head: 700 lbs; 246.00 Current DEL

Heifers — Medium and Large 1

40 head: 775 lbs; 228.00 Current DEL

Northwest Direct — https://www.ams.usda.gov/mnreports/AMS_3059.pdf