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
CME LIVESTOCK: Live Cattle: $127.675 (+0.40); Feeder Cattle: $162.15 (+0.175) Hogs: $107.50 (+1.30); Milk: $16.18 (+0.03)
US Cattle Report by National Beef Wire
CME GRAINS: Corn: $5.585 (-0.25); Soybeans: $13.99 (-19.75); Wheat: $7.285 (-1.00)
National Corn Wire
STOCK UPDATE: Dow 30: 34,874.75 (+36.59); Nasdaq: 14,702.16 (+21.09); S&P 500: 4,395.99 (+8.83)
Market Update
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
SCHWIETERMAN WHEAT: Wheat was the leader yesterday, with the December KW closing above $7.00 and at the highest level since May 12th
Wheat
SCHWIETERMAN SOYBEANS: Surprisingly, soybean condition ratings improved by 2 points to 60% Good to Excellent, which is still below average, but put quite a bit of pressure on the market
Soybeans