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
DROUGHT MONITOR: This week, widespread heavy rain fell across Iowa, Missouri, southern Minnesota and portions of central Kentucky
Weather
U.S. CATTLE REPORT: Aug feeders lowest since May 1st; WTD cattle slaughter up 9K; Beef exports down 45% this week; Best drought conditions since May 2020; 51 steers (857#) from Pratt, KS at $259.25
US Cattle Report by National Beef Wire
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
Boxed Beef PM: Choice: $295.39 (-1.28); Select: $285.76 (-2.49); Ch/Se Spread: 9.63; Total Loads: 173 compared to 145 on Wednesday
Cattle Prices
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
CME LIVESTOCK: Live Cattle: $175.95 (-0.525); Feeder Cattle: $251.05 (-1.35); Hogs: $97.725 (-1.00) (VIEW COMMODITY QUOTES)
US Cattle Report by National Beef Wire
CME GRAINS: Corn: $4.565 (-0.02); Wheat: $6.375 (+0.035); Soybeans: $12.085 (-0.1925); Soybean Meal: $372.90 (-5.60) (VIEW COMMODITY QUOTES)
National Corn Wire
ENERGY PRICES: Crude Oil: $79.62 (+0.63); Ethanol: $1.81 (+0.01); Natural Gas: $2.313 (+0.126) (Nat-Gas Prices Jump on a Smaller-Than-Expected Build in EIA Inventories)
Market Update
STOCK UPDATE: Dow 30: 39,387.76 (+331.37); Nasdaq: 16,346.26 (+43.50); S&P 500: 5,214.08 (+26.41) (Stocks Rise On Fed Rate Cut Hopes)
Market Update
REAL TIME PRICES: The largest STEER string (700-899#) sold on Wednesday was 364 steers (888#) from El Reno, OK at $224.75 (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
Short-Range Weather Forecast: On Thursday, a front extending from the Mid-Atlantic westward to the Ohio Valley and then southwestward to the Southern High Plains will move eastward off most of the Mid-Atlantic Coast by Friday evening, lingering over Florida on Saturday.
Weather
BASSETT LIVESTOCK (BASSETT, NE): The largest string sold on Wednesday was 265 steers (653#) at $307.75. The largest CALF string was 33 heifers (485#) at $363.00 (NBW AUCTION REPORT)
US Cattle Report by National Beef Wire
OKC WEST: The largest string sold this week at OKC West was 378 steers (970#) at $214.00. The second largest string was 20 steers (479#) at $305.00. (NBW AUCTION REPORT)
US Cattle Report by National Beef Wire
COFFEYVILLE STOCKYARDS (COFFEYVILLE, KS): The largest string sold on Wednesday was 126 steers (806#) at $241.50. The largest CALF string was 11 heifers (451#) at $281.50 (NBW AUCTION REPORT)
US Cattle Report by National Beef Wire
THURSDAY SALES: Blue Grass Stanford, Paris Stockyard, Producers Livestock, Coffeyville, Mitchell, Clarinda, Central, Enid, Mid Missouri, Orland, Willcox, Eureka, I-40, Cattlemen's, Salem, Callaway AND MORE (WATCH LIVE)
Salebarn Network
WEDNESDAY SALES: Springfield, Bluegrass, Mitchell, Sioux Falls, Bassett, Coffeyville, Glacial Lakes, Joplin, OKC West, Russell County, Stockmen's, Tri-County, Hub City, AND MORE (WATCH LIVE)
Salebarn Network
Disney posts surprise profit in streaming entertainment, raises earnings forecast... Walt Disney's streaming entertainment unit posted its first profit, two quarters ahead of schedule, and the media company raised its annual earnings per share outlook as it said turnaround efforts were yielding results. (Reuters)
Market Update