U.S. CATTLE REPORT: Cattle weights up 47 lbs from last year (yes, that is jaw dropping); Funds increase net long position by 3.3K to 36.9K contracts; Daily drop down 68 cents on Fri to $10.77; Cash trade in Kansas unevenly steady from $183-5, few to $187
US Cattle Report by National Beef Wire
LIVESTOCK COMMENTS: The overarching trend appears to be buyers having a stronger interest or preference towards heavier calves. Thus, many buyers are looking for 600 plus pound calves that can be marketed during the late summer and early fall time period
NBW Market Commmentary
Boxed Beef PM: Choice: $294.57 (-0.82); Select: $284.17 (-1.59); Ch/Se Spread: 10.40; Total Loads: 155 compared to 173 on Thursday
Cattle Prices
Beef Production Unchanged From Last Week, Cattle Weights Up 47 Pounds From Last Year (ewmp)
US Cattle Report by National Beef Wire
Weekly cattle slaughter reported at 622K head, compared to 622K last week and 644K last year. YTD slaughter at 11.39 million head, down 4.4% from last year (EWMP)
US Cattle Report by National Beef Wire
CATTLE WEIGHTS: Live weights reported this week at 1,398 lbs., down 1 lb. from last week, up 47 lbs. from last year (EWMP)
US Cattle Report by National Beef Wire
CME LIVESTOCK: Live Cattle: $176.15 (+0.20); Feeder Cattle: $250.90 (-0.15); Hogs: $98.375 (+0.65) (VIEW COMMODITY QUOTES)
US Cattle Report by National Beef Wire
CME GRAINS: Corn: $4.6975 (+0.1325); Wheat: $6.635 (+0.26); Soybeans: $12.19 (+0.105); Soybean Meal: $371.90 (-1.00) (VIEW COMMODITY QUOTES)
National Corn Wire
STOCK UPDATE: Dow 30: 39,512.84 (+125.08); Nasdaq: 16,340.87 (-5.39); S&P 500: 5,222.68 (+8.60) (Stocks Shake Off Mostly Negative News To Close Mildly Higher)
Market Update
ENERGY PRICES: Crude Oil: $78.26 (-1.00); Ethanol: $1.81 (+0.00); Natural Gas: $2.255 (-0.046) (Nat-Gas Prices Jump on a Smaller-Than-Expected Build in EIA Inventories)
Market Update
Short-Range Weather Forecast: The southwestern U.S. will see a mix of low elevation showers and thunderstorms due to an upper-level low and a stationary front, with possible heavy showers in west Texas by Saturday evening
Weather
REAL TIME PRICES: The largest STEER string (700-899#) sold on Thursday was 235 steers (892#) from Ogallala, NE at $236.50 (VIEW PRICES)
Cattle Prices
REAL TIME PRICES: The largest CALF string sold in the last 7 days was 140 heifers (446#) from Mascot, TN at $311.00 (VIEW PRICES)
National Calf Tracker
U.S. EXPORT SALES: Beef sales of 12,300 MT for 2024 were down 45 percent from the previous week and 29 percent from the prior 4-week average
Market Update
DROUGHT MONITOR: This week, widespread heavy rain fell across Iowa, Missouri, southern Minnesota and portions of central Kentucky
Weather
FRIDAY SALES: Blue Grass, Tri-State, Burwell, Eastern Missouri, Fort Scott, SEMO, Verdigre, St. Onge, Sioux Falls, Edina, Kingsville, Wahoo; Santa Teresa, Sugarcreek, Staunton Union (WATCH LIVE)
Salebarn Network
Going Nowhere... CME cattle futures continue to trade two sided in a fairly narrow range as open interest fritters away. This morning’s total live cattle OI was 270k contracts near the low for the year as most move to the sidelines. Open interest is now larger in August LC than June LC with the Goldman roll ending on Monday (THE BEEF)
NBW Market Commmentary
DAILY CATTLE SLAUGHTER: Thursday slaughter at 122K head, compared to 120K last week and 127K last year. WTD slaughter at 489K head, compared to 480K last week and 505K last year (U.S. CATTLE REPORT)
US Cattle Report by National Beef Wire