NATURAL GAS: Henry Hub down 66 cents to $4.79. The price of the 12-month strip averaging November 2021 through October 2022 futures contracts declined 19 cents to $4.530 (VIEW REPORT)
Cash Prices
DROUGHT MONITOR: Rain continues to improve drought conditions in the Northern Plains and Minnesota, shrinking areas of Extreme Drought (VIEW REPORT)
Weather
LIVESTOCK SLAUGHTER: Beef production, at 2.30 billion pounds, was 2 percent below the previous year. Cattle slaughter totaled 2.79 million head, down 1 percent from September 2020. The average live weight was down 14 pounds from the previous year, at 1,365 pounds (VIEW REPORT)
Livestock Slaughter
CATTLE SLAUGHTER BY STATE: The United States slaughtered 2.789 million head of cattle in September 2021, down 25.9K head from the same time last year (VIEW REPORT)
Livestock Slaughter
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
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
USDA estimates daily cattle slaughter at 120K head, compared to 119K last week and 118K last year. WTD slaughter at 482K head, compared to 480K last week and 479K last year (Thu)
US Cattle Report by National Beef Wire
Real-Time Index: $155.93 (+0.14) -- The RTI (7-day cash feeder cattle average) is $0.57 LOWER than the nearby futures ($156.50) (CHANNEL 709)
Cattle Prices
Boxed Beef AM: Choice: $280.47 (+0.44); Select: $263.81 (+1.01); Ch/Se Spread: 16.66; Total Loads: 71
US Cattle Report by National Beef Wire
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