Aug Feeder Cattle.

and this would tell me, from just reading it, that cash activity in feeders is quite robust?

Green City, MO - Green City Livestock Auction Feeder Cattle Auction for 07/05/06
Receipts: 4525 2 Weeks Ago: 3336 Year Ago: 4860
Compared with the previous auction; feeder steers under 800 lbs 3.00-6.00
higher, over 800 lbs 6.00-8.00 higher. Feeder heifers under 700 lbs 2.00-5.00
higher, over 700 lbs 4.00-8.00 higher. Bulk of the supply heavy weight
yearlings with over 40 full load lots in the offering. Annual July barbeque
special with a full house on hand to witness some outstanding quality cattle
sell at some unbelievably high prices.
Feeder Steers: Medium and Large 1 Few 400-500 lbs 154.00-158.00; 500-600 lbs
140.00-153.00; 600-700 lbs 130.50-146.75, Fleshy 639 lbs 124.75; 700-800 lbs
118.25-130.75, Fleshy 745 lbs 116.50; 800-900 lbs 117.50-125.00, Fleshy 879 lbs
111.75; 900-950 lbs 116.00-123.00.
Feeder Heifers: Medium and Large 1 Pkg 471 lbs 139.50; 500-600 lbs 141.00-
145.00. Medium and Large 1-2 450-500 lbs 137.00-147.50; 500-600 lbs 130.00-
145.00, Fleshy 118.50-121.00; 600-700 lbs 117.25-130.50, Fleshy 113.75-116.50;
700-800 lbs 111.00-117.00, Fleshy 719 lbs 109.50; 800-850 lbs 106.00-111.00;
Fleshy 896 lbs 99.00
 
Crivera, to watch cash market you need to watch volume, a few thousand head of cash traded fat cattle does not make a market. 50 or 70 thousand head in Nebraska will.

For Feeder Cattle pay more attention to the major markets. Oklahoma City, Dodge City and the Kansas weighted average, Texas panhandle averages from Tulia, Amarillo. Here in southeastern colorado (the La Junta auctions) we used to run second only to Oklahoma City but not so much any more.

Higher weights indicate a potential backlog of slaughter ready cattle, when supplies are tight and prices good feedlots are more willing to sell cattle when they are ready and even early.
 
Good, I was really going to question a decision to trade cattle intraday as I know people who say they are but unless you are in the pit or directly in contact with your broker in the pit it would be impossible.
 
reading this leads one to think there is a supply constraint?

Feeder steers and heifers, under 800 lbs steady to
2.00 higher with most increase occurring early in the week; over 800 lbs weak
to 1.00 lower. Very uneven trend, late week sales tended to be weaker, while
those that occurred earlier or over the last weekend followed the previous
week's strength. Feedlot performance has been good all spring and many feedlots
found them selves with empty pens, which along with the increase in the futures
market and slaughter prices helped improve feeder prices these past few weeks.
Buyers anticipate that the availability of feeders will be limited as always
after the Flint Hills and Osage cattle move. However the ongoing drought has
moved many grass cattle early at lighter weights and has reduced stocking rates
which will also add to the limited numbers of feeders in the next few months.
 
was looking at ann's website where she mentions cattle traded at 83.5 in the south. where can one find that data ? and can one find if it was a representative sample of head?
 
There's not really a good website to find that info. Not on a timely basis anyway. The number was 37,168 in the Texas, Oklahoma, & New Mexico area.
 
If it trades on Friday then it is basically the trade number.

The auction report you posted was for a regional Kansas report and should not be relied upon as indicative of the total market. There is always a supply constraint of Feeder cattle in summer that is why August trades above October. It is the seasonality of the industry.
 
and 83.5 was softer than prior trade around 84 last week or am i wrong?

another thing i'm very interested in gauging is the amount of premium or discount futures can usually hold against cash. before the rally cash was hovering around 80 and futures were around 78 , now with cash around 83.5 futures are 85.5 . What is the "pull to cash" typical with this?

seems the funds added 30% to their net longs.
 
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