Cattle Producer Weather Report: El Reno, OK saw heavy morning rain tapering by midday with a high near 71°F. Amarillo, TX faces scattered afternoon storms and 72°F. Garden City, KS clears to sun with a high of 74°F, while Aberdeen, SD turns breezy with a high near 74°F and a chance of evening showers.
CLARA: Cattle Barometer
U.S. beef export sales totaled 10,300 metric tons for 2025 during the latest reporting week, marking a sharp 41% decline from the previous week and down 11% from the prior 4-week average. While the year-to-date weekly average sits at 13,859 MT, recent performance has lagged notably—averaging just 11,629 MT since March, reflecting a slowdown in international demand
US Cattle Report by National Beef Wire
May corn closed Tuesday at $4.7575, down 6 cents on the day. The contract posted its April low at $4.575 on April 3, then rallied for six straight sessions to reach $4.9025 on April 11. Since that peak, the market has turned lower, falling in five of the last six trading days, giving back much of its April rally as seasonal factors and demand concerns re-enter the picture. (corn futures)
CLARA (Cattle Livestock Analytics and Reporting AI)
STOCK UPDATE: Stock indexes are sharply lower for the second session, with the S&P 500 down 98.75 points to 5,750.97, the Dow down 787.63 points to 42,403.61, and the Nasdaq down 278.11 points to 18,072.08. The S&P 500 and Nasdaq 100 have dropped to 4-month lows, while the Dow Jones is at a 7-week low, driven by escalating global trade tensions. New U.S. tariffs on imports from Canada, Mexico, and China took effect today
Market Update
DAILY EXPORT SALES: Private exporters reported sales of 128,000 metric tons of soybeans for delivery to Mexico during the 2022/2023 marketing year
Exports
Gas prices up 5 cents this week to $3.13, down $0.06 from last year. Diesel prices up slightly this week to $3.67, down $0.44 from last year
Cash Prices
USDA GRAIN STOCKS REPORT: Corn stored in all positions on December 1, 2024 totaled 12.1 billion bushels, down 1 percent from December 1, 2023. Of the total stocks, 7.66 billion bushels are stored on farms, down 2 percent from a year earlier
Market Update
USDA CROP PRODUCTION: Corn production for grain is projected at 15.1 billion bushels, slightly below the previous forecast and down 1% from 2023
WASDE
CORN PLANTING PROGRESS: U.S. at 83%; Iowa at 88%; Kansas at 85%; Missouri at 87%; Texas at 92%; Ohio at 79%
US Cattle Report by National Beef Wire
Disney posts surprise profit in streaming entertainment, raises earnings forecast... Walt Disney's streaming entertainment unit posted its first profit, two quarters ahead of schedule, and the media company raised its annual earnings per share outlook as it said turnaround efforts were yielding results. (Reuters)
Market Update
COTTON PROGRESS: 54% of the cotton in the U.S. had been planted by May 22nd, compared to 37% last week and 47% last year
National Cotton Wire
AMARILLO WEATHER: Scattered showers and thunderstorms, then showers and possibly a thunderstorm after 8am. High near 52. Northeast wind 10 to 15 mph increasing to 15 to 20 mph in the afternoon. Winds could gust as high as 30 mph. Chance of precipitation is 90%. New rainfall amounts between a half and three quarters of an inch possible (NWS)
Weather
DROUGHT MONITOR: It’s hot and dry in the Southwest. Exceptional drought (D4) has developed or expanded in parts of Utah and New Mexico. Meanwhile, most states in the West and Great Plains saw improvements, except for areas of Montana and Texas
Weather
DROUGHT MONITOR: Drought coverage across the U.S. and Puerto Rico topped 40% (40.01%) for the first time since late September and for the fifth time in 2021. The lowest percentage of drought coverage across the U.S. & P.R. so far in 2021 occurred in late May (36.3%)
Market Update