CME LIVESTOCK: Live Cattle: $129.55 (-0.975); Feeder Cattle: $159.075 (-0.275) Hogs: $73.20 (-2.825); Milk: $19.46 (+0.41)
US Cattle Report by National Beef Wire
CME GRAINS: Corn: $5.3225 (-7.00); Soybeans: $12.24 (-21.50); Wheat: $7.4125 (-8.00); Cotton: $106.14 (-4.59)
National Corn Wire
STOCK UPDATE: Dow 30: 35,603.08 (-6.26); Nasdaq: 15,215.70 (+94.02); S&P 500: 4,549.78 (+13.59)
Market Update
Tedious... This has been one of if not the strangest year in history in the fed cattle market. Weeks, then months go by and cash prices are stagnant. There are reports of improvement in currentness in spots, but the progress is excruciatingly slow (The Beef)
NBW Market Commmentary
Short Range Weather: Wet Weather Pattern in the West; Severe Storms in the Eastern U.S. (View Report)
Weather
U.S. CATTLE REPORT: Live sales in Nebraska from $124-126.50; Boxed beef seems to have found a bottom... (VIEW REPORT)
US Cattle Report by National Beef Wire
SCHWIETERMAN CATTLE: Cash trade became active on Wednesday, with more than 36,000 head reported and some northern sales listed as high as $127 (VIEW REPORT)
US Cattle Report by National Beef Wire
SCHWIETERMAN GRAIN: Export sales were good with 1.27 MMT of corn and 262,500 MT of milo. That, coupled with strong ethanol production, indicate that demand is pretty darn good right now (VIEW REPORT)
NBW Market Commmentary
GRAIN TRENDS (Short Term/Long Term): CORN: Up/Up; WHEAT: Up/Up; SOYBEANS: Down; Down (VIEW REPORT)
National Corn Wire
CATTLE TRENDS (Short Term/Long Term): LIVE: Up/Down; FEEDERS: Up/Down (VIEW REPORT)
US Cattle Report by National Beef Wire
DAILY EXPORT SALES: Private exporters reported to the USDA export sales of 130,000 metric tons of corn for delivery to Mexico during the 2021/2022 marketing year (CHANNEL 804)
Exports
CATTLE TRADE: In Nebraska a few early live and dressed purchases traded from 124.00-126.50 and at 196.00, respectively (VIEW REPORT)
Cattle Prices
NATIONAL STEER TRACKER: The largest steer string sold last week on the National Steer Tracker (700-899#) was 260 steers (876#) from Kimball, South Dakota at $164.00. The average price for the top 10 steer strings (700-899#) was $158.33, compared to $157.38 the previous week (VIEW REPORT)
Cattle Prices
LIVESTOCK COMMENTS: Cattle markets seem to be locked in a state of confusion as prices remain highly volatile (VIEW REPORT)
NBW Market Commmentary
DAIRY MARKETS AT A GLANCE: Cheese demand is strong and strengthening from customers across the country and elsewhere (VIEW REPORT)
National Dairy Wire
FEED OUTLOOK (DOMESTIC): Corn supplies are projected to be higher in 2021/22 according to the latest World Agricultural Supply and Demand Estimates (WASDE), with both beginning stocks and production slightly higher than the previous report (VIEW REPORT)
National Corn Wire
National Feedstuffs Market Review: Kansas City soybean meal down $6; Nebraska DDG's up $5 (VIEW REPORT)
Cash Prices
Trading in Hong Kong’s stock market was canceled for the entire day on Wednesday after heavy rain and gusty winds from typhoon Kompasu lashed the city (Benzinga)
NBW Market Commmentary
Three major global problems have dominated headlines and weighed on markets. First, supply-chain snarls are straining everything from USPS delivery to Grape Nuts availability. Second, a chip shortage is slowing production of GM trucks, gaming consoles, and lots more. Third, a surge in ransomware cyberattacks has disrupted a large variety of organizations (Robinhood)
NBW Market Commmentary