Cattle Current PodcastApr. 17, 2020

Automatic TRANSCRIPT

Cattle futures closed higher Thursday. Ers projects the annual average fear steer price this year to be about eight percent. Lower coming up on your calendar market update with whistle wrong. How did all this is West? Ishmael your Kelkar Market Update for Thursday night and Friday morning the seventeenth tobepal negotiated cash fit. Cal Trade remained undeveloped through Thursday afternoon. According to the Agricultural Marketing Service there were a few dress trades reported in Nebraska and the Western corn belt and a hundred and fifty five dollars one hundred weight but too few trend. The price there last week was one sixty eight given the surge in wholesale beef prices. This week some are betting on at least steady money choice. Boxed beef could out value was five dollars and thirty four cents higher Thursday afternoon at two hundred and thirty five dollars and eighty seven cents. One hundred light select was three dollars and seventy six cents higher at two. Twenty five ninety eight. That's ten dollars and a penny more for choice since Monday. And fourteen dollars and fifty eight cents more per select the average dress. Dear wait for the week ending April. Fourth was eight hundred eighty nine pounds. Which was two pounds lighter the previous week but twenty four pounds heavier than the prior year according to USDA's actual slaughter under federal inspection report the average stressed heffer wait was eight hundred and twenty five pounds the same as the prior week but twenty one pounds heavier than the same week last year. Cattle futures closed higher Thursday building on stability from the previous session. Trade and open interest continued to creep higher and weekly beef. Export sales were supportive according to USDA Spore Agricultural Service for the week of April. Third to the Ninth. Net sales of twenty thousand two hundred metric tonnes reported for twenty twenty. Were up twenty eight percent from the previous week and sixteen percent from the prior four week average increases came primarily from Japan South Korea Hong Kong China and Taiwan live cattle futures closed on average of ninety two cents higher across range of seventy cents higher to sixty five hundred fear. Cattle futures closed an average of a dollar ninety seven cents higher across a range of one dollars. Forty two cents higher at the back. Two dollars ninety cents higher toward the front corn futures closed mostly one to two cents lower soybean futures closed five to six cents lower through. March of twenty one and then three to four cents lower fear cattle sold mainly higher at the weekly Thursday auctions monitored by Kelkar year-old steer soul to three dollars her winter livestock in Pratt. Kansas yearling heifers traded want to three dollars higher their forty one hundred and forty seven hit on offer at Woodward last auction and Oklahoma feeder steers ever sold spitting to two dollars higher while Steering Hever Castle. Steady alive test. There were three thousand twenty six hit offer steers Wayne. Eight fifty. Two thousand pounds sold three seven dollars higher at farmers and ranchers livestock commissioning SALONA. Kansas were there. Were twenty nine hundred and eighty four hundred steers point six hundred eight hundred fifty pounds sold. Ford Seven Dollars Higher Heifers. Wayne Seven fifty to nine fifty sold four dollars liar and in one to six dollars lower at lighter. Weight at STOCKMAN'S LIVESTOCK EXCHANGE IN DICKINSON. North Dakota fear steers and heifers traded with higher undertones and two thousand ninety three head on offer likewise higher undertones were noted for steers. Wayne less than eight hundred fifty pounds at Mitchell stock auction in South Dakota where they're fourteen hundred and forty nine head steer way more than eight hundred fifty pounds sold eight to nine dollars higher fear heifers Wayne more than seven hundred. Fifty pound sold one to six dollars. Higher and then unevenly steady in a narrow test lighter weight feeder steers and heifers weighing less than eight hundred pounds. Hold steady two three dollars. Higher at two year Livestock Auction Texas steers and heifers weighing more than eight hundred pounds sold steady to two dollars. Lower their fourteen hundred eleven head on offer finally fear steers wine more than five hundred fifty pounds soul to seven dollars higher with instances of sixteen dollars higher. Ed Napoleon last auction in North Dakota fear. Heifers wind five and a half to six hundred pounds. Sold six to nine dollars higher and then one to six dollars higher at six hundred fifty to seven hundred pounds. There were twelve hundred and seventy nine head major. Us Financial Services wobbled higher. Thursday as investors balanced negative economic impact from Kobe. Not Teen with hopefulness the plans for forthcoming for the nation to get back to work. The Dow Jones Industrial Average closed thirty three points higher the S. and P. Five hundred closed sixteen points higher and the Nasdaq was a hundred and thirty nine points. As Fed cattle prices full and feed lot margins decline feed lot operations will likely reduce placements and reduce bids for feeder calves say analysts with USDA's economic research service in the monthly livestock dairying poultry outlook. They explain relatively goodpastor. Conditions might allow producers to keep cattle on grass and other pastures until prices began to recover to add in. They say these cavs will likely be placed in feedlots at heavyweight and expected average slaughter weight will also be heavier he. Rs projects the annual average fierce dear price basis Oklahoma City at one hundred and thirty dollars and fifty cents one hundred weight which would be eleven dollars and seventy three cents lower or eight point two five percent less than in two thousand nineteen average price in the first quarter of this year. One hundred thirty six dollars and forty cents. Prices are forecast at one twenty three in the second quarter one twenty eight and the Third Corps and one thirty five in the fourth quarter although slower demand and potentially slower rates of slaughter are expected to pressure cattle prices E R s analysts. Say prices are expected to improve through the rest of the year but remained well below year ago levels. He R S projects the annual five area. Direct fits dear price at one hundred eleven dollars one hundred weight this year which would be five dollars and seventy eight cents lower or four point nine five percent less than last year average fed steer price in the first quarter was one hundred and eighteen dollars and thirty cents. Prices are forecasted a hundred and five dollars in the second quarter a hundred nine in the third quarter and one twelve in the fourth quarter with decreased cattle feeding returns uncertainty and feed lot placements in mind E R s reduced projections for beef production in the third and fourth quarters. However your s analysts also say increase non-food cal slaughter and higher average dressed weights will partly offset the reduction and fed cattle numbers that you're Kelkar market update for Thursday night and Friday morning the seventeenth of April this Ishmael. Thanks for listening

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