Feeder Flash 5/13: Horse Whipping

Added: 2026-05-13

[00:00:05]I'm Corbett Wall with DV Auction here with your feeder flash for Wednesday, May the 13th. Brought to you in part by Superior Steel Sales, home of Superior Standard Livestock Equipment. They've got heavyduty stuff you can incorporate right into your existing corral, including feeders and gates and panels and freestanding panels, crowding tubs, adjustable alleys, loading shoots, just about anything you can need. Or if you want to build your own, you can order raw pipe and steel from superior steels.com.

[00:00:38]Horse whipping. Many have repeated a statement that I first heard this week from Brad Kimma, a respected commodities trading trader and independent feeder from Iowa. He said that a horse should go faster when you whip it, which makes sense. And we've been whipping this futures market here for the last two weeks and it has not responded. We got 260 for fats, all-time record high, higher than anybody thought it would ever go. And the futures do not respond.

[00:01:08]just keep drifting lower and lower.

[00:01:10]We've got a $12 basis on fat cattle and a lot of your hedge feeders are liking that. And then on Tuesday, we saw an executive order from President Trump where he was going to do away with the tariffs or much of the tariffs on imported beef to try to keep beef prices lower for our consumers. But then on late Tuesday, we thought, well, maybe you didn't go through with that. On Wednesday, we found out he indeed did not go through with that. And that should have been a positive for the board. It still did not respond. What's wrong with this board? Why ain't it coming up, guys? But most hedge feeders over the last 2 years wish they'd never heard of the futures market. Tell you what, these margin calls have been beating these guys up and they have not been able to take advantage of the higher fat cattle market and all these uh booming markets the last two or three years here guys. But uh you look at your uh board on Tuesday, June live cattle futures were down 170 at 24770.

[00:02:11]August was down 247 at 24107.

[00:02:15]Your back months on live cattle down 192 to down 280. Feeder cattle futures for May down 250 at 36590.

[00:02:26]August was down 575 at 350 655 in your back months uh down more than that. Some of them down 502 to down 730. That's a beating guys. Look at your grains. Corn for July up 4 and 3/4 cent a bushel at 480. Soybeans for July up 13 and 3/4 cent a bushel at 1226 and 3/4. your hard red winter wheat for July up 45 cents at 731 and a quarter. Fat cattle trade on Tuesday. We saw more of that 260. That 260 was available Monday morning all day Monday and continuing in on Tuesday.

[00:03:09]Iowa sold 500 head on Tuesday at 260 and that's 1,50 head for the week. Nebraska sold just a 100 head on Tuesday at 260.

[00:03:20]That's 350 head for them this week.

[00:03:23]Kansas sold 300 head at 260.50 head for them this week. And Texas sold 200 head at 260. That's 500 head for them. That's about as much as they ever sell.

[00:03:38]So the fat cattle market is is as high as it was all of last week, guys. Board still not responding. We did have our market finder of Stockman's livestock market in Yankton, South Dakota on Tuesday, just like we always do. They had 1,200 head in overnight. 1750 head of fed cattle for their fed cattle auction in Yankton, South Dakota.

[00:04:01]Conventional fed cattle sell from 253 to 260. That was steady to a dollar and a half higher. Program cattle selling from 257 to 266 which is steady to 250 higher. Box beef cutout values were lower on Tuesday.

[00:04:19]Choice cuts down 49 cents at 39073.

[00:04:23]Selects were down 22 cents at 39127.

[00:04:28]Your slaughter so far for the week up through Tuesday. Estimated cattle slaughter 210,000.

[00:04:35]That's 5,000 more than last week at this point. 9,000 less than this point, the same week a year ago. Talk about what else is going on. It's almost going to be ready for your punchy pick of the month already, guys. We just had it and we're halfway through this month. Uh getting ready for that punchy pick of the month is a lot of fun. We couldn't do it without our sponsors, guys. Great Plains Livestock Consulting uh sponsors the Kids Corell, guys. They give a $200 gift certificate to Cavender's Boot City. Check those guys out. And for the punchy pick of the month, Beaver County Stockards gives a pile of swag there, guys. And then also Fairpiece, that revolutionary product that is scientifically proven. They give a bunch of product and a bunch of swag also, guys. And take a look at this piece video that I'm going to post at the end of this feeder flash episode, guys.

[00:05:29]Check those out. your feeder uh cattle market sponsored by specialty risk insurance. They are working to protect your livelihood right there in Carthage, Missouri. Guys, full service insurance company. Your real time in uh real time index from DV auction sitting at 37213 late on Tuesday after all your auctions concluded that was down 91 cents. Your latest CME cash feeder cattle index at 374.83. 83 your big sales that happened on Tuesday.

[00:06:05]Of course, Beaver County Stockyards, Beaver, Oklahoma, didn't have quite as many as they thought. They were thinking they were going to have the biggest sale they ever had of 9500. They uh had a few cancellations after uh Trump's announcement there and they ended up with 8,400 on Tuesday, but a pretty uh big sale anyway. Feeder steers were $5 to $10 lower. feeder heers seven to $9 lower. Uh Cavs were not well tested guys, but still beaver was your superior steel sales home of superior standard livestock equipment stickout sale of the day. You check out this automated marker report through cattle market central and you see your best tested weights. I'm going to give them to you here guys. 204 head of four-weight steers average 472 at 56272.

[00:06:56]269 head of the six weightight steers average 651 at 41824.

[00:07:03]There were 269 head of the seven weightight steers averaged 749 at 38580.

[00:07:11]1374 head of 8eight feeder steers in Beaver, Oklahoma averaged 834 at 35578.

[00:07:21]1583 head of the 9weight steers averaged 941 at 33101.

[00:07:28]241 head of the light 10 weights averaged 108 at 32599.

[00:07:34]There were 155 head of the Avy 10 weights at 1077 average 32050 and 128 head of the 11 weight steers average 1112 at 31550.

[00:07:50]Talking about your heers, how about 214 head of the four-weight heer cavs average 452 at 48279.

[00:07:59]How about 151 head of the fiveweight heers average 556 at 41567.

[00:08:07]333 head of the sixeight heers average 652 at 36851.

[00:08:14]There were 587 head of the seveneight heers averaged 768 at 33590.

[00:08:22]1664 head of eight weightight feeder heers in Beaver, Oklahoma averaged 839 with a weighted average price of 32453 and 161 head of the nineweight heers averaged 919 at 31697.

[00:08:39]Uh, one of the most impressive quotes that I saw come out of Beaver on Tuesday was 84 head of four weight steers. They average they weighed $473 and bring $6 a pound, guys. Uh, some big sales are also coming up here on Wednesday. Torington livestock markets in Torington, Wyoming is having a drought sale, guys. 8,500 head. Going to have a big bunch of cattle coming in.

[00:09:08]6,000 through the ring and 2500 on their cattle country video, guys. But a lot of good cattle on there that would have normally sold much later in the wheel uh in the year, but it is extremely dry there toring Wyoming, guys. Get a hold of them. Let that take advantage of that. Also, Burwell, Nebraska is having a cow sale. Got a lot of cows. My friend Steve Hashy's got some some aged bread or cow calf pears in there. Uh, the cows are looking good. The cavs are snappy.

[00:09:40]Guys, get in there and take advantage of that. Both those sales on dvauction.com.

[00:09:45]Let's look at some other sales on Tuesday that happened. Individual quotes. How about Fallon Livestock and Fallon, Nevada sold 114. Beef on dairy steers weighed 462 at 590.

[00:09:59]Huron Continental Marketing in Huron, South Dakota sells 80 steers, weight 745 at 407. How about F&T Livestock Market in Palmyra, Missouri sells 71 steers, weigh 615 at 463.

[00:10:18]But the most impressive quote that I saw on Tuesday in your macroin no BS top quote for the day comes from Kimble Livestock Exchange in Kimell South Dakota with 67 steers weighed 828 bring 380. That's your feeder flash for Wednesday.