Livestock, Dairy & Poultry Outlook (MAY): Drought and forage conditions led to an increase in expected cow and bull slaughter during 2022, offsetting lower expected fed cattle slaughter and raising 2022 production to 27.8 billion
Ag Reports: Most Recent
U.S. CATTLE REPORT: Wheat gets hammered; Boxed beef flat; Smaller expected placements and marketings; Talks to discuss Ukraine exports
US Cattle Report by National Beef Wire
NATIONAL STEER TRACKER: The largest steer string sold on Wednesday on the National Steer Tracker (700-899#) was 203 steers (860#) from El Reno, Oklahoma at $145.50. The average price for the top 10 steer strings sold on Wednesday was $148.88, compared to $157.39 on Tuesday
Cattle Prices
Leaking... Premium continues to get sucked out of the deferred contracts, which in turn pressures feeder cattle futures. Only December LC has yet to take out its 2022 lows, a pattern started with the April LC contract (The Beef)
NBW Market Commmentary
USDA estimates daily cattle slaughter at 125K head, compared to 125K last week and 120K last year. WTD slaughter at 374K head, compared to 371K last week and 354K last year (Wed)
US Cattle Report by National Beef Wire
CME LIVESTOCK: Live Cattle: $131.70 (-1.775); Feeder Cattle: $165.80 (-0.975) Hogs: $108.525 (+0.775); Milk: $24.57 (-0.02) (Surveys ahead of Friday’s USDA Cattle on Feed report anticipate smaller April placements and marketings than a year ago)
US Cattle Report by National Beef Wire
CME GRAINS: Corn: $7.815 (-19.25); Soybeans: $16.6275 (-15.25); Wheat: $12.3075 (-46.75); Cotton: $144.47 (-3.99) (The U.N. is reportedly trying to facilitate talks with Russia, Ukraine, Turkey, the EU and US on restoring grain exports out of Ukraine)
National Corn Wire
Cat Urbigkit: Wolves Create Landscape of Fear for Prey, Landscape of Stress for Farmers
Cow-Calf Today
CATTLE MARKETS: The southern cash was mostly two lower than a week ago, with most of the trade $138 (Schwieterman)
US Cattle Report by National Beef Wire
CORN MARKETS: There isn’t much fresh corn specific news out there, so looking at yesterday’s inside day on the July chart, it would seem that we are still on track for a run to the contract highs and possibly the all time highs in the corn (Schwieterman)
NBW Market Commmentary
CATTLE TRENDS (Short Term/Long Term): LIVE: Down/Down; FEEDERS: Down/Down
US Cattle Report by National Beef Wire
Wyoming Ag Groups Say Supreme Court Was Right In Denying Rancher $350K For Grizzly Bear Cattle Killings
Cow-Calf Today
Gas prices UP 16 cents this week to $4.49, up $1.46 from last year. Diesel prices down 1 cent this week to $5.61, up $2.36 from last year
Cash Prices
Ranking Of States With The Worst Pasture Conditions: Montana has the worst pasture conditions in the United States followed by Texas and Arizona
Crop Progress