NATIONAL CALF TRACKER: The largest calf string sold on Thursday was 205 heifers (486#) from Ogallala, Nebraska at $228.00. The average price paid on Thursday for the top 10 calf strings was $225.26, compared to $212.90 on Wednesday
National Calf Tracker
NATIONAL STEER TRACKER: The largest steer string sold last week on the National Steer Tracker (700-899#) was 304 steers (852#) from El Reno, Oklahoma at $146.00. The average price for the top 10 steer strings (700-899#) sold last week was $155.02, compared to $160.26 last week. (VIEW REPORT)
Cattle Prices
CATTLE WEIGHTS: Live weights reported this week at 1,385 lbs., down 1 lb. from last week, down 20 lbs. from last year (EWMP)
US Cattle Report by National Beef Wire
Weekly red meat production reported at 1.09 billion pounds, down 0.7% from last week, up 2.3% from last year (EWMP)
Market Update
CME LIVESTOCK: Live Cattle: $164.125 (+0.30); Feeder Cattle: $186.10 (+0.175); Hogs: $86.475 (+0.475)
US Cattle Report by National Beef Wire
CME GRAINS: Corn: $6.775 (+2.25); Soybeans: $15.32 (-2.25); Wheat: $7.5675 (-4.25); Cotton: $85.43 (-0.96)
National Corn Wire
CATTLE INVENTORY BY STATE: The cattle inventory in Texas was at 12.5 million head in 2023, down 200K head from 2021. The cattle inventory in Nebraska was at 6.5 million head in 2023, down 300K head from 2021.
Cattle Inventory
Boxed Beef AM: Choice: $264.90 (-0.20) Select: $253.78 (+0.12); Ch/Se Spread: 11.12; Total Loads: 48
US Cattle Report by National Beef Wire
NATIONAL STEER TRACKER: The largest steer string sold on Thursday on the National Steer Tracker (700-899#) was 200 steers (727#) from Ogallala, Nebraska at $186.50. The average price for the top 10 steer strings sold on Thursday was $183.84 compared to $182.08 on Wednesday
Cattle Prices
OKC WEST: The largest string sold this week at OKC West was 130 steers (812#) at $181.75. The second largest string was 97 steers (798#) at $180.50
Cattle Prices
CATTLE FLASH: Roughly 28% of the cattle in the United States are in Texas, Nebraska & Kansas
Cattle Inventory
RANKING OF STATES WITH THE MOST CATTLE: Texas had the most cattle in the United States in 2022 followed by Nebraska and Kansas. Texas, Nebraska and Kansas account for roughly 28% of the cattle in the U.S. (VIEW REPORT)
Ag Reports: Most Recent
DAILY CATTLE SLAUGHTER: Thursday slaughter at 125K head, compared to 126K last week and 114K last year. WTD slaughter at 500K head, compared to 504K last week and 476K last year (U.S. CATTLE REPORT)
US Cattle Report by National Beef Wire
Back At It... CME cattle futures took back off like a shot today, storming to new all-time highs, even in spot February LC. Everyone knows the saying, if it walks like a duck and quacks like a duck and this market is certainly showing itself a bull market to be reckoned with (The Beef)
NBW Market Commmentary
DROUGHT MONITOR: Approximately 46% of the cattle inventory is within an area experiencing drought (VIEW REPORT)
Weather
QuickTake: China produces more than 100 billion pounds of 10 different foods: Corn, Rice, Vegetables, Wheat, Sugarcane, Potatoes, Cucumbers, Tomatoes, Watermelons & Sweet Potatoes
Quick Takes
DROUGHT MONITOR: It’s hot and dry in the Southwest. Exceptional drought (D4) has developed or expanded in parts of Utah and New Mexico. Meanwhile, most states in the West and Great Plains saw improvements, except for areas of Montana and Texas
Weather