Challenging Records... Last week’s 5-area average negotiated cash cattle price was $187.47, the second highest in history. Last June’s record of $188.75 remains the top for now, though the impressive momentum found in the fed cattle market increases the odds that record will fall in 2024. Packers purchased 83k head, 16k with time at higher money as the leverage stays with the cattle feeder. (THE BEEF)
NBW Market Commmentary
Boxed Beef PM: Choice: $313.33 (+1.43); Select: $303.05 (+0.65); Ch/Se Spread: 10.28; Total Loads: 114 compared to 88 on Friday
Cattle Prices
DAILY CATTLE SLAUGHTER: Monday slaughter at 120K head, compared to 111K last week and 125K last year (U.S. CATTLE REPORT)
US Cattle Report by National Beef Wire
CME LIVESTOCK: Live Cattle: $188.575 (+1.325); Feeder Cattle: $255.10 (+2.975); Hogs: $93.425 (+0.25) (VIEW COMMODITY QUOTES)
US Cattle Report by National Beef Wire
CME GRAINS: Corn: $4.36 (-0.0075); Wheat: $5.4275 (+0.1425); Soybeans: $11.8775 (-0.105); Soybean Meal: $331.90 (-2.80) (VIEW COMMODITY QUOTES)
National Corn Wire
STOCK UPDATE: Dow 30: 38,790.43 (+75.66); Nasdaq: 16,096.56 (+123.39); S&P 500: 5,146.23 (+29.14) (Strength In Technology Stocks Leads The Broader Market Higher)
Market Update
ENERGY PRICES: Crude Oil: $82.92 (+1.88); Ethanol: $1.69 (-0.005); Natural Gas: $1.713 (+0.058) (Crude Ends Higher on Strong Chinese Demand and Drone Attacks on Russian Refineries)
Market Update
MONDAY SALES: Joplin Regional; Blue Grass; Central Livestock; Sioux Falls; Springfield; Mankota; WNC Livestock; Russell; Gainesville; Callaway; Glasgow; Central Oregon; AND MORE (WATCH LIVE)
Salebarn Network
Short-Range Weather Forecast: Periods of Snow for the Great Lakes and Northeast U.S.; Strong to Severe Thunderstorms Possible in Florida
Weather
LIVESTOCK COMMENTS: Fed cattle traded $2 higher compared to last week on a live basis. Prices were largely $187 to $188 on a live basis and $297 to $299 on a dressed basis.
NBW Market Commmentary
CATTLE WEIGHTS: Live weights reported this week at 1,389 lbs., up 3 lbs. from last week, up 22 lbs. from last year (EWMP)
US Cattle Report by National Beef Wire
Weekly cattle slaughter reported at 601K head, compared to 583K last week and 628K last year. YTD slaughter at 6.5 million head, down 5.5% from last year (EWMP)
US Cattle Report by National Beef Wire
DROUGHT MONITOR: Warmer-than-normal temperatures occurred across the entire Midwest region over the past week. Compared to normal, the warmest areas were in Iowa, Minnesota, Wisconsin and Michigan
Weather
Beef Production Up 3.6% From Last Week, Cattle Weights Up 22 Pounds From Last Year (ewmp)
US Cattle Report by National Beef Wire
Gas prices up 3 cents this week to $3.38, down $0.08 from last year. Diesel prices down 2 cents this week to $4.00, down $0.24 from last year
Cash Prices
Joplin Regional Stockyards: Top Steer Sales By Weight Group (2024)
US Cattle Report by National Beef Wire
JOPLIN REGIONAL STOCKYARDS: Pioneering Excellence in Livestock Marketing | For over 70 years, Joplin Regional Stockyards has stood as a beacon of excellence in the beef industry, earning its reputation as the largest cow/calf auction in the nation
Market Update