CALIFORNIA: Fresno has recorded the hottest month of July ever since temperature records began in 1887 (NWS)
Weather
CROP PROGRESS: 48% of the oats in the U.S. had been harvested by August 1st, compared to 31% last week and 47% last year (VIEW REPORT)
Crop Progress
CORN PROGRESS: Ninety one percent (91%) of the corn in the U.S. had silked by August 1st, compared to 79% last week and 91% last year. The five-year average is 86% (VIEW REPORT)
Market Update
Real-Time Index: $152.95 (+0.01) -- The RTI (7-day cash feeder cattle average) is $6.53 LOWER than the nearby futures ($159.48) (CHANNEL 709)
Cattle Prices
Boxed Beef AM: Choice: $285.06 (+4.06); Select: $266.01 (+2.63) Ch/Se Spread: $19.05; Total Loads: 56
US Cattle Report by National Beef Wire
CME LIVESTOCK: Live Cattle: $128.65 (+1.375); Feeder Cattle: $163.175 (+1.20) Hogs: $108.35 (+0.85); Milk: $15.97 (-0.18)
US Cattle Report by National Beef Wire
CME GRAINS: Corn: $5.495 (-9.25); Soybeans: $13.87 (-31.75); Wheat: $7.2475 (-4.75)
National Corn Wire
STOCK UPDATE: Dow 30: 35,015.05 (+176.89); Nasdaq: 14,723.94 (+42.87); S&P 500: 4,409.73 (+22.57)
Market Update
Ranking Of States With The Worst Pasture Conditions: Montana and Washington have the worst pasture condition in the United States followed by South Dakota and Oregon (VIEW REPORT)
Ag Reports: Most Recent
CORN CONDITION BY STATE: 62% of the corn crop in the United States is rated as good or excellent, compared to 64% last week and 72% last year (VIEW REPORT)
Crop Progress
Short Range Weather Forecast: Monsoonal storms will continue to generate flash and urban flooding impacts into mid-week from the Intermountain West to the High Plains along the Rocky Mountain Front (View Report)
Weather
SCHWIETERMAN CATTLE: Packer margins continue to strengthen, as traders continue to await that inevitable jump in cash prices (VIEW REPORT)
US Cattle Report by National Beef Wire
SCHWIETERMAN FEEDER CATTLE: The cash index scored new highs for the year on Monday, moving up to 155.58. Basis levels with the August contract have fallen to 2.75, with most of the narrowing due to cash strength (VIEW REPORT)
US Cattle Report by National Beef Wire
SCHWIETERMAN CORN: Yesterday the December corn posted an outside day higher on the chart and closed above the 50-day moving average. The next chart hurdles are at the $5.61 and $5.73 levels (VIEW REPORT)
NBW Market Commmentary