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CORN FACT: 20 states produced over 100 million bushels of corn in 2016 MarketWATCH
CORN FACT: Iowa, Illinois, Nebraska, & Minnesota accounted for 54% of the corn produced in the U.S. in 2016 MarketWATCH
Nebraska, Texas & Kansas accounted for 43% of the gross income for cattle in the United States in 2016 MarketWATCH
The highest monthly cow price in history was in August 2014 at $121/cwt. MarketWATCH
The highest price for choice boxed beef in 2016 was $235.32 MarketWATCH
Gross income for cattle in Texas dropped $3 billion in 2016 from 2015 MarketWATCH
Nebraska has the top three beef cow counties in the U.S., including the nation’s No. 1 cow county – Cherry County MarketWATCH
Crude oil prices averaged $52 per barrel in April, $1 higher than the March MarketWATCH
Retail Beef Price Composite (RBPC) was at $5.23 in April, up 5 cents from the month prior MarketWATCH
Retail ground beef prices drop 4 cents in April to $3.55 MarketWATCH
BEEF EXPORTS: USDA reports sales to Japan this week at 19.2 million pounds, compared to 6.2 million pounds last week Exports
BEEF EXPORTS: USDA reports sales to South Korea this week at 5.3 million pounds, compared to 16.3 million pounds last week Exports
BEEF EXPORTS: USDA reports sales to Mexico this week at 1.8 million pounds, compared to 3.3 million pounds last week Exports
U.S. beef exports top 76 million pounds over the past 2 weeks Exports
Antegra Corn: Remember – the highest the Dec contract has been in nearly a year happened during a crop report! Grain Network
USDA reports pork carcass on Tuesday AM at $78.74, up $1.58 MarketWATCH
USDA reports choice boxed beef on Tuesday AM at $227.54, down 3 cents Price Blaster
USDA reports the choice/select spread on Tuesday AM at $21.02, down 2.10 Price Blaster
CROP PROGRESS: 97% of the corn in the U.S. had been planted by June 3rd, compared to 92% last week and 95% last year Corn
CATTLE EXPORTS: The United States has exported 1 head of cattle to China so far in 2018 Exports
CATTLE TRADE: Negotiated cash trade on Thursday in Nebraska has been light on moderate demand with some early dressed sales at 175.00 MarketWATCH
CROP PROGRESS: 96% of the corn in the U.S. had matured by October 14th, compared to 93% last week and 89% last year Corn
71% of the corn crop in Texas was rated very poor, poor or fair on October 21st, compared to 71% last week Corn
13 states had 25% or more of their corn rated very poor, poor or fair on October 21st Corn
72% of the corn crop in Missouri was rated very poor, poor or fair on October 21st, compared to 72% last week Corn
78% of the pasture in Nebraska rated good or excellent on October 28th, compared to 76% last week Crop Progress
53% of the pasture in Kansas rated good or excellent on October 28th, compared to 50% last week Crop Progress
57% of the pasture in Texas rated good or excellent on October 28th, compared to 58% last week Crop Progress
71% of the pasture in Oregon is rated as poor or very poor, compared to 83% last week Crop Progress
11 states have 47% or more of their pasture rated poor or very poor Crop Progress
The highest choice boxed beef has been in 2018 was $232.68 Beef
Choice boxed beef has averaged $218.62 so far in 2018 Beef
The daily drop has traded between $9.35-$10.86 so far in 2018 Beef
The highest the pork carcass cutout has been in 2018 was $83.38 MarketWATCH
The lowest choice boxed beef has been in 2018 was $204.86 Beef
The highest the daily drop has been in 2018 was $10.86 compared to $12.11 in 2017 Beef
CATTLE ON FEED: This is the highest October 1 inventory since the series began in 1996 Cattle on Feed
CROP PROGRESS: 92% of the soybeans in Kansas had been harvested by November 25th, compared to 81% last week and 97% last year Crop Progress
Record U.S. crude production weighs on oil prices (@Reuters) Energy
Canada cattle slaughter (year-to-date) reported at 908K head, up 7.3% from last year MarketWATCH
Total cheese production in March was 1.10 billion pounds, 2.7 percent above March 2017 and 11.6 percent above February 2018 Dairy
Italian type cheese production in March totaled 482 million pounds, 2.5 percent above March 2017 and 12.9 percent above February 2018 Dairy
COLD STORAGE: The average amount of beef in cold storage so far in 2018 is 478.1 million pounds, compared to 473.1 million pounds in 2017 Beef
Trade war entices farmers to switch acres to corn (@FarmFutures) Corn
Midwest floods and chaos in Venezuela are making the seasonal rise in U.S. gas prices even more pronounced (@WSJ) Energy
Planes, tractors, food and handbags all featured on a list of U.S. imports, worth $20 billion in total, that the EU says it could hit with tariffs (@Reuters) Trade
BEEF FLASH: McDonald's and Tyson are among the companies that expect tighter supplies of pork and bacon to result in more-expensive meat globally (@WSJ) BEEF FLASH
Trade war fears crushed US oil prices, which plummeted 6% to a 10-week low of $57.91 a barrel. It was oil's worst day since Christmas Eve (@CNNBusiness) Energy
The USDA reported estimated weekly cattle slaughter this week at 664K head, the highest so far in 2018 MarketWATCH
Export sales of 586,000 metric tons of soybeans for delivery to China. Of the total, 523,000 metric tons is for delivery during the 2018/2019 marketing year and 63,000 metric tons is for delivery during the 2019/2020 marketing year Soybeans
SALEBARN OWNERS: If you would like to have your prices included on the National Beef Wire, please contact Corbitt Wall at (816) 261-0432 or email at cwall@dvauction.com Feeder Cattle
CROP PROGRESS: 84% of the oats in the U.S. had been harvested by September 1st, compared to 75% last week and 93% last year Crop Progress
CROP PROGRESS: 96% of the winter wheat in the U.S. had been harvested by August 25th, compared to 93% last week and 100% last year Crop Progress
CATTLE FLASH: The estimated daily cattle slaughter has averaged 116,330 head so far in 2019 Cattle Network
CROP PROGRESS: 56% of the cotton in Texas had bolls opening by September 22nd, compared to 47% last week and 44% last year Crop Progress
CROP PROGRESS: 64% of the cotton in the U.S. had bolls opening by September 22nd, compared to 54% last week and 57% last year Crop Progress
CROP PROGRESS: 96% of the oats in the U.S. had been harvested by September 22nd, compared to 92% last week and 100% last year Crop Progress
CROP PROGRESS: 92% of the barley in the U.S. had been harvested by September 22nd, compared to 87% last week and 99% last year Crop Progress
CROP PROGRESS: 26% of the sorghum in the U.S. had been harvested by September 22nd, compared to 24% last week and 29% last year Crop Progress
CROP PROGRESS: 87% of the spring wheat in the U.S. had been harvested by September 22nd, compared to 76% last week and 99% last year Crop Progress
10/2/2019 December live cattle futures closed up 0.8 cent at 110.625 cents per pound, its highest since Aug. 9 MarketWATCH