LIVESTOCK COMMENTS: Since packers and cattle feeders cannot seem to get their act straight, it may be beneficial to briefly run the numbers on purchasing feeder cattle and selling finished cattle
US Cattle Report by National Beef Wire
Negotiated cash trade on Friday has been active on very good demand across all major feeding regions. In the Southern Plains, live FOB sales were $7.00–$8.00 higher than last week, reaching $210.00. In Nebraska and the Western Cornbelt, live FOB trade was $6.00–$9.00 higher, ranging from $212.00 to $215.00, while dressed delivered sales climbed $10.00 to $335.00.
US Cattle Report by National Beef Wire
Cattle Producer Weather Report: Today brings sunny, breezy conditions to the Central Plains, with Hoxie, KS hitting 60°F and gusts to 35 mph, and Burwell, NE reaching 57°F with gusts up to 45 mph. Amarillo, TX will be sunny and near 66°F, with shifting winds adding to fire weather concerns. Fallon, NV starts with a chance of rain/snow, turning partly sunny with a high of 62°F
CLARA: Cattle Barometer
U.S. CATTLE REPORT: June Live Cattle trades at 52-week high; Boxed beef falls back despite WTD cattle slaughter down 43K hd; COF placements expected to take big drop; Beef exports 2nd lowest of the year
US Cattle Report by National Beef Wire
Still Going Strong (THE BEEF)... As futures surge, led today by June LC, bullish expectations throughout the cattle industry do too. Asking prices are sharply higher in the country and so far, there has been very little action, the USDA reporting only 1.1k head having traded as of this morning. Yesterday’s inclement weather put a damper on slaughter which came in at a low 96,000 head
CLARA: Cattle Barometer
CLARA LIVE: Eight-weight steers lead all groups this week, making up 20% of total steer sales, followed by seven-weights at 17%, with five- and six-weights each at 16%. The National Steer Price has stayed strong at $287-$290 over the past four days, but the high volume of eight-weights has kept prices from climbing even higher.
CLARA LIVE
Live cattle futures closed higher Wednesday, with April 2025 up 1.45 at 206.825 and June 2025 gaining 1.85 to 202.85. August 2025 settled at 200.075, up 1.375, while December 2025 added 1.025 to close at 201.775
US Cattle Report by National Beef Wire
CLARA: May corn futures have been on a rollercoaster ride, starting at $5.1575 on February 18th before declining for eight consecutive sessions, hitting a low of $4.515 on March 4th. The market then rebounded for four straight days, reaching $4.72 on Monday. However, the upward momentum reversed, with corn dropping 1.75 cents on Tuesday to $4.725, followed by another 7.5-cent decline on Wednesday morning to $4.6275
CLARA (Cattle Livestock Analytics and Reporting AI)
CLARA SnapSHOT: Boxed Beef... Boxed beef started the year strong at $323.48 on January 2nd, climbing to its highest price of the year at $334.14 on January 15th
US Cattle Report by National Beef Wire
STOCK UPDATE: Stock indexes are sharply lower for the second session, with the S&P 500 down 98.75 points to 5,750.97, the Dow down 787.63 points to 42,403.61, and the Nasdaq down 278.11 points to 18,072.08. The S&P 500 and Nasdaq 100 have dropped to 4-month lows, while the Dow Jones is at a 7-week low, driven by escalating global trade tensions. New U.S. tariffs on imports from Canada, Mexico, and China took effect today
Market Update
DAILY EXPORT SALES: Private exporters reported sales of 128,000 metric tons of soybeans for delivery to Mexico during the 2022/2023 marketing year
Exports
Corn exports projected at 72.4 million metric tons in 2021, up 67.3% from the prior year (VIEW REPORT)
National Corn Wire
GRAIN SNAPSHOT: Corn: $4.9625 (+0.0275); Wheat: $6.00 (+0.2225); Soybeans: $10.36 (+0.06); Soybean Meal: $295.90 (+3.20) (VIEW COMMODITY QUOTES)
CLARA (Cattle Livestock Analytics and Reporting AI)