NATIONAL FEEDER

AND STOCKER CATTLE

(Federal-State Market News)

St. Joseph, Mo.

July 22

RECEIPTS

This Week Last Week Last Year

186,800 661,300 169,300

Compared to last week, steers and heifers sold mostly steady to 5.00 lower, but there were some exceptions to that which trended firm to higher.

The week started off with extreme heat and auction receipts were very light, which is not unusual in mid-July. However, later in the week much cooler weather arrived and some areas saw heavy rains and localized flash flooding which also prevented some movement.

Many barns encouraged producers to hold off marketing until this week as the weather is predicted to be more favorable for transporting livestock. Noted in the calf market this week was that limited supply had buyers becoming a bit less finicky about weaning status but were still demanding some rounds of shots before they dug very deep in the pocketbook.

The monthly Cattle on Feed Report was released on Friday with all three categories falling right into pre-report expectations and should be viewed as a mostly neutral report. Many are hoping for some bounce this week in feedlot trade, beef cutouts and cattle futures, however, that was not reality this week. The fall CME Feeder Cattle futures were 1.625 to 2.325 lower for the week, while front month August was 3.050 lower for the same period.

Live sales of negotiated cash fed cattle trade in Texas sold steady to 0.50 higher at 188.00 to 188.50. Live sales in Kanas sold steady to 1.00 lower at 187.00 to 188.00. In Nebraska, live sales sold mostly 2.00 lower at 196.00, while the dressed sales sold mostly 2.00 lower at 310.00.

Choice boxed beef closed the week 8.23 lower at 313.83 while Select was 3.51 lower at 298.80 for the same period.

Weekly Cattle Slaughter under federal inspection estimated at 584K, 17K less than last week and 42K less than a year ago. Year to Date Cattle Slaughter is currently 821K less than a year ago.

Auction volume this week included 48% weighing over 600 lbs and 41% heifers.

NORTHWEST WEIGHTED AVERAGE DIRECT FEEDER CATTLE

Weekly Summary WA-OR-ID-UT

July 19

THIS WEEK LAST WEEK LAST YEAR

70 368 826

Compared to last week: Not enough current FOB trades to test trends. Demand good. Supply included: 100% Feeder Cattle (50% Steers, 50% Heifers). Feeder cattle supply over 600 lbs was 100%. Unless otherwise noted, Feeder Cattle prices FOB based on net weights after a 2% shrink or equivalent, with a 8-12 cent slide >600 lbs. Livestock reported this week originated from OR.

Steers — Large 2

35 head: 875 lbs, 232.00 Current DEL

Heifers — Medium and Large 1

35 head: 850 lbs; 222.00 Current DEL

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

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