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Today's Prices (Bookmark Channel 14 for the latest updates on your smart phone)  


CME LIVESTOCK:   Live Cattle: $121.55 (+0.45); Feeder Cattle: $155.025 (-2.375) Hogs: $108.675 (-2.325); Milk: $17.97 (-0.12)  (Fri pm)


CME GRAINS:   Corn: $6.5525 (+22.25); Soybeans: $13.96 (+66.25); Wheat: $6.6275 (+23.75)   (Fri   pm)


STOCK FLASH:   Dow 30: 33,290.08 (-533.37); Nasdaq: 14,030.38 (-130.97); S&P 500: 4,166.45 (-55.41)   (Fri  pm)


MEATBOARD:   Boxed Beef Choice: $323.28 (-2.97); Pork Carcass: $120.65 (-4.18); Chicken Breast: $200.33 (-1.52)   (Fri  pm)


BOXED BEEF:   Choice: $323.28 (-2.97); Select: $283.61 (-3.63); Ch/Se Spread: $39.67; Total Loads: 87 compared to 118 on Thursday   (Fri  pm)


Crop Progress

Ninety six percent (96%) of the corn in the U.S. had emerged by June 13th, compared to 90% last week and 94% last year.  Eighty six percent (86%) of the soybeans in the U.S. had emerged by June 13th, compared to 76% last week and 79% last year.  Six percent (6%) of the barley in the U.S. had headed by June 13th, compared to NA last week and 10% last year.

Pasture conditions steady at 35% good to excellent

Thirty five percent (35%) of the pasture in the United States is rated as good or excellent, compared to 35% last week and 45% last year.  Twenty nine percent (29%) of the pasture in the United States is rated as fair, compared to 28% last week and 33% last year.  Thirty six percent (36%) of the pasture in the United States is rated as poor or very poor, compared to 37% last week and 22% last year.


Beef Exports Bounce Back  (Peel)

The April trade data shows that beef exports for the month were up 22.1 percent year over year and up 18.0 percent compared to 2019.  Year to date total beef exports for the first four months of the year were up 7.9 percent year over year and 14.9 percent over the same period in 2019.

National Drought Monitor

From coast to coast, the northern U.S. saw higher than normal temperatures last week, and drought worsened in areas that missed out on heavy rainfall. Extreme Drought (D3) is now present in Wisconsin and Illinois for the first time since 2012. However, this week brought good news for the Southeast: heavy precipitation improved drought conditions in the Carolinas and Virginia.



CATTLE SLAUGHTHER:   USDA estimates daily cattle slaughter at 117K head, compared to 119K last week and 117K last year (Fri)     


THE BEEF READ:   Whoa... Whether it was China, or Fed Chairman Powell’s comments, the rising dollar or none of the above, managed funds sold with reckless abandon and the feel-good rally in cattle ended (The Beef)

DAILY DROP:   The hide and offal value was estimated at $12.62, up 14 cents from Thursday



NBW Reports

Beef Balance Sheet

CATTLE FLASH 

Cattle Inventory By State: This Year vs. Last Year
Cattle Inventory Highlights
Cattle Inventory:  Ranking Of States With The Most Cattle
Cattle on Feed
Cattle Slaughter By State
Cold Storage

Corn Balance Sheet

Corn Progress By State
Estimated Weekly Meat Production
Export Sales Highlights
Farms and Land in Farms Highlights
Livestock Comments
Livestock Slaughter
Livestock, Dairy & Poultry Outlook
Milk Production By State
National Drought Monitor
National Feeder Cattle Report
National Grain Report
Natural Gas Weekly Update
Number Of Farms By State
Quarterly Hogs & Pigs

Price Projections For Steers, Hogs, Milk

Protein Production Estimates
Ranking Of States With The Largest Farms
Ranking Of States With The Most Farms
Ranking Of States With The Most Land In Farms
Red Meat By Production By State

Soybean Balance Sheet
Today's Weather

Top 25:  Largest Steer & Heifer Strings Sold Today
United States Ag Production Report
USDA Grain Stocks Report
USDA Prospective Plantings Report
WASDE: Feed Grain Outlook
WASDE: Livestock, Dairy & Poultry Outlook
WASDE: Oilseed Outlook
WASDE: Wheat Outlook

Wheat Balance Sheet





Rob Cook, RobCookKC@gmail.com