Quiet Day; Strong Week... The negotiated cash cattle market has really shined, gaining $1 to $2 bucks on the second consecutive week of active volume. Even the south traded at $140. This morning the USDA posted the WTD total sales at 97K and last week was 103k head (The Beef)
NBW Market Commmentary
MEATBOARD PM: Boxed Beef Choice: $263.37 (+0.27); Pork Carcass: $121.83 (-1.48); Chicken Breast: $225.86 (+0.91)
Cash Prices
Boxed Beef PM: Choice: $263.37 (+0.27) Select: $239.59 (+2.13); Ch/Se Spread: $23.78; Total Loads: 89 compared to 103 on Thursday
Cattle Prices
CME LIVESTOCK: Live Cattle: $144.50 (-0.60); Feeder Cattle: $183.375 (-1.225); Hogs: $100.025 (-1.05); Milk: $19.89 (-0.21)
US Cattle Report by National Beef Wire
CME GRAINS: Corn: $6.3975 (+10.50); Soybeans: $15.35 (+14.75); Wheat: 8.06 (-4.75); Cotton: $114.44 (+4.00)
National Corn Wire
STOCK UPDATE: Dow 30: 33,761.05 (+424.38); Nasdaq: 13,047.19 (+267.28); S&P 500: 4,280.15 (+72.88) (Stocks Higher On Consumer Sentiment Optimism)
Market Update
ENERGY PRICES: Crude Oil: $91.85 (-2.49); Heating Oil: $3.5098 (+0.0258); Natural Gas: $8.761 (-0.113)
Market Update
Winner Livestock Auction (Winner, SD) reports 67 Heifers (609 lbs) @ $199.75 (08/12 3:20 PM CDT)
TOP 25 - Recent Largest Steer or Heifer Drafts
Winner Livestock Auction (Winner, SD) reports 65 Heifers (720 lbs) @ $190.25 (08/12 3:10 PM CDT)
TOP 25 - Recent Largest Steer or Heifer Drafts
Winner Livestock Auction (Winner, SD) reports 72 Heifers (792 lbs) @ $181.00 (08/12 2:25 PM CDT)
Heifer Prices - Heifers All Weights
Winner Livestock Auction (Winner, SD) reports 71 Steers (975 lbs) @ $181.25 (08/12 1:10 PM CDT)
TOP 25 - Recent Largest Steer or Heifer Drafts
Bluegrass Stockyards of Richmond, LLC (Richmond, KY) reports 101 Steers (1,043 lbs) @ $155.80 (08/12 11:46 AM CDT)
Steer Prices - Steers All Weights
WHEAT OUTLOOK (WASDE): Supplies are raised on increased production, which is up 44 million bushels to 1,781 million, on an increase in harvested area and higher yields
WASDE
COARSE GRAIN OUTLOOK (WASDE): Corn production for 2022/23 is forecast 45 million bushels higher based on greater planted and harvested area from the June 30 Acreage report. The yield is unchanged at 177.0 bushels per acre
WASDE
OILSEED OUTLOOK (WASDE): This month’s U.S. soybean supply and use projections for 2022/23 include lower beginning and ending stocks and higher prices
National Soybean Wire
LIVESTOCK, DAIRY & POULTRY OUTLOOK (WASDE): Beef production is raised for the second half with lower expected carcass weights and lower third-quarter slaughter more than offset by higher fourth-quarter slaughter
WASDE
WHEAT BALANCE SHEET: The projected season-average farm price (SAFP) is raised $0.10 per bushel to $7.60 on expectations for cash and futures prices for the remainder of 2021/22. This would be the highest SAFP since 2012/13
WASDE
CORN BALANCE SHEET: Exports projected at 2.5 billion bushels, unchanged from last month. Ending stocks unchanged at 1.44 billion bushels
WASDE