SATURDAY SALES: Lake Cumberland, Blue Grass Campbellsville, Blue Grass Flemingsburg, Fort Scott, Cattlemen's, Jones Brothers, Eugene, WNC... (WATCH LIVE)
CLARA (Cattle Livestock Analytics and Reporting AI)
LIVESTOCK COMMENTS: The release of the cattle on feed report last week demonstrated heifer retention has yet to take center stage in the domestic cattle industry
NBW Market Commmentary
CLARA: Live cattle weights are estimated at 1,382 pounds, unchanged from last week but 35 pounds heavier than last year. Dressed cattle weights are estimated at 843 pounds, down 1 pound from last week but 27 pounds heavier than last year
CLARA (Cattle Livestock Analytics and Reporting AI)
U.S. CATTLE REPORT: Aug feeders up $4.10 from last Friday, highest since July 5th; Boxed beef ends week on a positive note, only down 6 cents from last Fri; Weekly beef production low again at 505 mp; Funds increase net long position by 3.6K
US Cattle Report by National Beef Wire
DROUGHT MONITOR: The most widespread improvements were made in the Southeast, as well as eastern portions of the Southwest and across much of western Texas, where above-normal precipitation amounts were observed this past week. 47.71% of Contiguous U.S. in drought compared to 50.39% last week and 50.38% last year
Weather
COLD STORAGE: Total pounds of beef in freezers were down 3 percent from the previous month and down slightly from last year (lowest in 35 months)
Cold Storage
CLARA: Weekly beef production is estimated at 504.9 million pounds, reflecting a 2.7% increase from last week and a 0.7% rise from last year. Weekly cattle slaughter is estimated at 600,000 head, up 2.7% from last week but down 2.6% from last year. Year-to-date cattle slaughter is at 17.89 million head, a 4.5% decline from last year
CLARA (Cattle Livestock Analytics and Reporting AI)
Boxed Beef PM: Choice: $313.77 (+1.31); Select: $297.46 (+2.35); Ch/Se Spread: 16.31; Total Loads: 101 compared to 131 on Thursday
Cattle Prices
CME LIVESTOCK: Live Cattle: $188.575 (-0.325); Feeder Cattle: $259.70 (+1.075); Hogs: $93.475 (-0.30) (VIEW COMMODITY QUOTES)
US Cattle Report by National Beef Wire
CME GRAINS: Corn: $3.945 (-0.115); Wheat: $5.235 (-0.1425); Soybeans: $10.42 (-0.325); Soybean Meal: $334.30 (+0.10) (VIEW COMMODITY QUOTES)
National Corn Wire
ENERGY PRICES: Crude Oil: $76.81 (-1.47); Ethanol: $1.8025 (-0.025); Natural Gas: $2.002 (-0.039) (Crude Oil Prices Fall on Demand Concerns)
Market Update
STOCK UPDATE: Dow 30: 40,589.34 (+654.27); Nasdaq: 17,357.88 (+176.16); S&P 500: 5,459.10 (+59.88) (Stocks Rebound Higher As Deflator Report Supports Fed Rate-Cut Expectations)
Market Update
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
Short-Range Weather Forecast: In southeast Texas, the coastal Carolinas, and much of New Mexico today, showers and thunderstorms may bring excessive rainfall which could lead to areas of flooding
Weather
BLUE GRASS STOCKYARDS (STANFORD, KY): The largest string sold on Thursday at Bluegrass was 137 heifers (764#) at $248.80. The largest CALF string was 12 heifers (465#) at $283.00 (NBW AUCTION REPORT)
Cattle Prices
U.S. EXPORT SALES: Beef sales of 13,400 MT for 2024 were down 13 percent from the previous week and 4 percent from the prior 4-week average
Market Update
TOP SALES 2024: The highest price paid for 8-wt steers so far in 2024 was $290.00 for 84 hd (804#) from Yankton, SD on May 22nd. The 2nd highest price paid was $284.00 for 70 hd (808#) from Bassett, NE on July 10th (U.S. CATTLE REPORT)
CLARA (Cattle Livestock Analytics and Reporting AI)
DAILY CATTLE SLAUGHTER: Thursday slaughter at 120K head, compared to 115K last week and 124K last year. WTD slaughter at 480K head, compared to 475K last week and 497K last year (U.S. CATTLE REPORT)
US Cattle Report by National Beef Wire