LIVESTOCK COMMENTS: The release of the cattle on feed report last week demonstrated heifer retention has yet to take center stage in the domestic cattle industry
NBW Market Commmentary
CLARA: Live cattle weights are estimated at 1,382 pounds, unchanged from last week but 35 pounds heavier than last year. Dressed cattle weights are estimated at 843 pounds, down 1 pound from last week but 27 pounds heavier than last year
CLARA (Cattle Livestock Analytics and Reporting AI)
CME LIVESTOCK: Live Cattle: $188.575 (-0.325); Feeder Cattle: $259.70 (+1.075); Hogs: $93.475 (-0.30) (VIEW COMMODITY QUOTES)
US Cattle Report by National Beef Wire
CME GRAINS: Corn: $3.945 (-0.115); Wheat: $5.235 (-0.1425); Soybeans: $10.42 (-0.325); Soybean Meal: $334.30 (+0.10) (VIEW COMMODITY QUOTES)
National Corn Wire
Watch Now! Millions will be awarded for research around solar energy production and cattle grazing
Cattle Network
DAILY CATTLE SLAUGHTER: Thursday slaughter at 120K head, compared to 115K last week and 124K last year. WTD slaughter at 480K head, compared to 475K last week and 497K last year (U.S. CATTLE REPORT)
US Cattle Report by National Beef Wire
Boxed Beef AM: $313.08 (+0.40); Select: $ 295.32 (+1.36); Ch/Se Spread: 17.76; Total Loads: 71
US Cattle Report by National Beef Wire
TOP SALES : The highest price paid for 6-weight steers on Wednesday was $328.00 for 75 hd (616#) from Bassett, NE. The National Steer Price for 6-wts on Wednesday was $298.37, compared to $292.01 the prior day (WATCH LIVE SALES NOW)
US Cattle Report by National Beef Wire
CLARA: Drought conditions continued to worsen in parts of northern Kansas and western Texas, where precipitation levels were only 5% to 25% of the normal amounts over the past month. Moderate to severe drought conditions have spread into central Kansas, while extreme drought has expanded in the Trans-Pecos region of Texas (VIEW THIS WEEK"S DROUGHT MONITOR)
CLARA (Cattle Livestock Analytics and Reporting AI)
REAL TIME PRICES: The largest CALF string sold in the last 7 days was 167 heifers (453#) from Mountain Grove, MO at $372.75 (VIEW PRICES)
National Calf Tracker
Wrangling For More... Negotiated fed cattle prices have dropped the last couple of weeks but this week looks like a steady go at worst. Just a few thousand cattle have traded at steady money but steady bids have been passed as cattle feeders price cattle higher. Packers had hoped they would be able to back cash prices down for a few if not several more weeks, but nothing is scaring the cattle feeder (THE BEEF)
NBW Market Commmentary