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CME GRAINS: Corn: $6.5525 (+22.25); Soybeans: $13.96 (+66.25); Wheat: $6.6275 (+23.75) ( pm)
STOCK FLASH: Dow 30: 33,290.08 (-533.37); Nasdaq: 14,030.38 (-130.97); S&P 500: 4,166.45 (-55.41) ( pm)
MEATBOARD: Boxed Beef Choice: $323.28 (-2.97); Pork Carcass: $120.65 (-4.18); Chicken Breast: $200.33 (-1.52) (pm)
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.
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.
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.
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
Corn Progress By State
Estimated Weekly Meat Production
Export Sales Highlights
Farms and Land in Farms Highlights
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
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
Rob Cook, RobCookKC@gmail.com