Boxed Beef AM: Choice: $322.39 (-0.89); Select: $281.37 (-2.24); Ch/Se Spread: $41.03; Total Loads: 33
US Cattle Report by National Beef Wire
CME LIVESTOCK: Live Cattle: $120.80 (-0.75); Feeder Cattle: $154.10 (-0.925) Hogs: $107.675 (-1.00); Milk: $17.83 (-0.12)
US Cattle Report by National Beef Wire
CME GRAINS: Corn: $6.635 (+8.25); Soybeans: $14.185 (+22.50); Wheat: $6.71 (+8.25)
US Cattle Report by National Beef Wire
STOCK UPDATE: Dow 30: 33,813.98 (+523.90); Nasdaq: 14,124.77 (+94.39); S&P 500: 4,216.73 (+50.28)
Market Update
Short Range Weather Forecast: Claudette Moving Across the Southeast; Storms Across the Northeast (View Report)
Weather
SCHWIETERMAN CATTLE: Cash trade was quiet on Friday, with a little $124 in the cash and $200 paid by someone in the northern beef market (VIEW REPORT)
US Cattle Report by National Beef Wire
SCHWIETERMAN FEEDER CATTLE: Cash index levels are at new multi month highs of 141.28, but remain 14.00 discount to the August futures (VIEW REPORT)
US Cattle Report by National Beef Wire
SCHWIETERMAN CORN: There were some good rains in parts of the Corn Belt over the weekend and there are forecasts for rains this week (VIEW REPORT)
NBW Market Commmentary
SCHWIETERMAN WHEAT: Wheat gains were impressive on Friday, but the wheat complex was weaker overnight, probably thanks to the corn and soybeans
Wheat
SCHWIETERMAN SOYBEANS: The soybean complex is our weak link right now. There was a decent comeback on Friday, but it still pales in comparison to the previous losses
Soybeans
Estimated Weekly Meat Production: Beef higher than pork again; Cattle weights down another 3 lbs from last week (VIEW REPORT)
Market Update
Weekly beef production reported at 543.1 million pounds, down 0.5% from last week, up 1.9% from last year (EWMP)
US Cattle Report by National Beef Wire