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
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
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
North Texans rally to help ranchers feed starving cattle in wildfire-stricken panhandle
Cow-Calf Today