U.S. CATTLE REPORT: After 5 weeks of decline, funds extend net long position; D3-D4 drought at 0% in Kansas compared to 60% last year; Beef exports at 15.2K mt (okay but not very good); 21 steers (717#) from Pratt, KS at $287 (highest $ for 7-wts on Thu)
US Cattle Report by National Beef Wire
LIVESTOCK COMMENTS: The way of pictorially describing price movements if placed on a graph is jumping on a pogo stick while riding a roller coaster. There is no doubt those can both be fun endeavors by themselves, but the combination of the two would either be extremely exhilarating or scare the pants off a turtle
NBW Market Commmentary
CATTLE WEIGHTS: Live weights reported this week at 1,399 lbs., unchanged from last week, up 47 lbs. from last year (EWMP)
US Cattle Report by National Beef Wire
Weekly cattle slaughter reported at 613K head, compared to 620K last week and 627K last year. YTD slaughter at 10.15 million head, down 4.7% from last year (EWMP)
US Cattle Report by National Beef Wire
Beef Production Down 1.1% From Last Week, Cattle Weights Up 47 Pounds From Last Year (ewmp)
US Cattle Report by National Beef Wire
A Toe Hold... The 5-area average price likely edged up $1.25/cwt or so from last week since the south traded steady. This is the first higher week since the market topped 5 weeks ago in March. Packers know better than anyone that they must avoid getting short-bought (THE BEEF)
NBW Market Commmentary
Boxed Beef PM: Choice: $297.14 (+0.22); Select: $288.72 (-0.94); Ch/Se Spread: 8.42; Total Loads: 125 compared to 120 on Thursday
Cattle Prices
CME LIVESTOCK: Live Cattle: $178.575 (+0.775); Feeder Cattle: $260.55 (+2.25); Hogs: $102.475 (-2.525) (VIEW COMMODITY QUOTES)
US Cattle Report by National Beef Wire
CME GRAINS: Corn: $4.50 (-0.02); Wheat: $6.2225 (+0.0175); Soybeans: $11.7725 (-0.025); Soybean Meal: $344.70 (-2.90) (VIEW COMMODITY QUOTES)
National Corn Wire
STOCK UPDATE: Dow 30: 38,239.66 (+153.86); Nasdaq: 15,927.90 (+316.14); S&P 500: 5,099.96 (+51.54) (Stocks Climb On Impressive Tech Earnings And Strength In AI Chip Makers)
Market Update
ENERGY PRICES: Crude Oil: $83.66 (+0.09); Ethanol: $1.7225 (-0.0025); Natural Gas: $1.917 (-0.069) (Crude Prices Finish Higher on Middle East Tensions)
Market Update
Short-Range Weather Forecast: Critical fire weather conditions, severe thunderstorms capable of producing severe wind gusts, large hail, strong tornadoes and heavy rainfall remain on tap for the central U.S. this evening
Weather
DROUGHT MONITOR: On this week’s map, one-category degradations were made in Kansas where precipitation has been below normal during the past 90-day period with the greatest departures (4 to 5 inches) observed in south-central and eastern Kansas
Weather
U.S. EXPORT SALES: Beef sales of 15,200 MT for 2024 were down 14 percent from the previous week and 3 percent from the prior 4-week average
Market Update
FRIDAY SALES: Blue Grass, Tri-State, Burwell, Eastern Missouri, Fort Scott, SEMO, Verdigre, St. Onge, Sioux Falls, Edina, Kingsville, Wahoo; Santa Teresa, Sugarcreek, Staunton Union - WATCH LIVE
Salebarn Network
DAILY CATTLE SLAUGHTER: Thursday slaughter at 125K head, compared to 118K last week and 123K last year. WTD slaughter at 488K head, compared to 487K last week and 499K last year (U.S. CATTLE REPORT)
US Cattle Report by National Beef Wire
COLD STORAGE: Total pounds of beef in freezers were down 3 percent from the previous month and down 10 percent from last year (lowest for March since 2014)
Cold Storage
REAL TIME PRICES: The largest STEER string (700-899#) sold on Tuesday was 254 steers (889#) from Kimball, SD at $248.50 (VIEW PRICES)
Cattle Prices