National Beef Wire | Pork Business

MEATBOARD: Boxed Beef Choice: $304.78 (+3.56); Pork Carcass: $111.91 (+0.73); Chicken Breast: $203.02 (+8.74) (Wed pm) Cash Prices

CME LIVESTOCK: Live Cattle: $114.425 (+1.40); Feeder Cattle: $145.225 (+2.05) Hogs: $114.425 (+0.875); Milk: $19.68 (-0.10) US Cattle Report by National Beef Wire

CME GRAINS: Corn: $7.5325 (+8.50); Soybeans: $15.82 (+5.00); Wheat: $7.5575 (+18.75) US Cattle Report by National Beef Wire

STOCK UPDATE: Dow 30: 34,230.34 (+97.31); Nasdaq: 13,582.42 (-51.08); S&P 500: 4,167.59 (+2.93) Market Update

This Week In Petroleum: U.S. average regular gasoline and diesel prices increase (VIEW REPORT) Market Update

Short Range Weather Forecast: Showers and Thunderstorms in the East Today; Watching Weekend Weather in the Central U.S. (View Report) Weather

Gas prices up 2 cents this week to $2.89, up $1.10 from last year (VIEW REPORT) Cash Prices

Diesel prices up 2 cents this week to $3.14, up 74 cents from last year (VIEW REPORT) Cash Prices

SCHWIETERMAN CORN: A new contract high today would put the bulls at ease and keep the market on track for catching up with the May contract (VIEW REPORT) NBW Market Commmentary

SCHWIETERMAN SOYBEANS: Failure of the July soybeans to make a new contract high yesterday suggests that we are going to see a longer period of consolidation. It is looking like we are going to have to get to the May supply and demand report before seeing new contract highs Soybeans

Corn Trends: Short Term: Up; Long Term: Up Corn

Soybeans Trends: Short Term: Up; Long Term: Up Market Update

Cargill and biotech firm InnovaFeed said they aim to feed 20M piglets with insect oil by '26 as part of a wider alternative protein deal. Insect oil is rich in lauric acid, a fatty acid that helps improve the intestinal health of animals, especially piglets, the companies said. AgToday

TODAY'S WEATHER: Punishing early-season drought continues to grip portions of the northern Plains, stressing winter wheat and hampering the emergence and establishment of spring-sown small grains (VIEW REPORT) Market Update

Estimated Weekly Meat Production: YTD beef production up 5% from last year; Cattle slaughter up 48% from last year (VIEW REPORT) Market Update

China reports new African swine fever outbreak in Inner Mongolia. The outbreak was detected on a farm near Baotou city of 432 pigs, of which 343 died. This is the 10th outbreak to be reported so far this year. AgToday

Pork Checkoff- Announces Swine Depopulation Research Project AgToday

BEEF UPDATE: The United States has produced 9.2 billion pounds of beef and 9.6 billion pounds of pork so far in 2021 (EWMP) US Cattle Report by National Beef Wire

Weekly red meat production reported at 1.07 billion pounds, down 1.6% from last week, up 54.4% from last year (EWMP) Market Update

Weekly pork production reported at 532.6 million pounds, down 0.8% from last week, up 58.7% from last year (EWMP) Market Update