USDA estimates daily cattle slaughter at 111K head, compared to 115K last week and 89K last year (Fri)
US Cattle Report by National Beef Wire
CME LIVESTOCK: Live Cattle: $118.85 (+0.375); Feeder Cattle: $144.275 (+0.875) Hogs: $112.85 (-1.625); Milk: $18.98 (-0.03)
US Cattle Report by National Beef Wire
CME GRAINS: Corn: $7.3225 (+13.50); Soybeans: $15.8975 (+20.25); Wheat: $7.6175 (+8.50)
US Cattle Report by National Beef Wire
Estimated Weekly Meat Production: YTD beef production up 6% from last year; Cattle weights up 1 lb. from last year (VIEW REPORT)
Market Update
Weekly beef production reported at 527.3 million pounds, down 1.9% from last week, up 35.6% from last year (EWMP)
US Cattle Report by National Beef Wire
Live cattle weights reported this week at 1,370 lbs., down 2 lbs. from last week, up 1 lb. from last year (EWMP)
US Cattle Report by National Beef Wire
Weekly red meat production reported at 1.05 billion pounds, down 1.9% from last week, up 33.6% from last year (EWMP)
Market Update
DROUGHT MONITOR: 38.91% of the U.S. & Puerto Rico in drought this week, compared to 40.42% last week and 13.44% last year (VIEW REPORT)
Weather
Boxed Beef AM: Choice: $305.96 (-0.41); Select: $292.40 (+3.04); Ch/Se Spread: $13.56; Total Loads: 47
US Cattle Report by National Beef Wire
SCHWIETERMAN CATTLE: Cash continued to see some modest trade between $118-$119 and $187-$188 in the northern beef market (VIEW REPORT)
US Cattle Report by National Beef Wire
SCHWIETERMAN FEEDER CATTLE: Cash index levels fell to 131.56 and could weaken more into Monday. Overnight corn values are up another 5-7 cents as we write (VIEW REPORT)
US Cattle Report by National Beef Wire
SCHWIETERMAN CORN: The average trade guess for the new crop corn ending stocks is 1.344 billion bushels, which means that we have no room for error regarding production (VIEW REPORT)
NBW Market Commmentary
SCHWIETERMAN WHEAT: New contract highs today would probably put to rest any ideas of a deeper correction in the wheat
Wheat