LIVESTOCK COMMENTS: Cattle are worth absolutely nothing! They cannot even be given away! Feedlots may as well give them their pink slip and send them packing to get them off the payroll!
NBW Market Commmentary
CME LIVESTOCK: Live Cattle: $169.125 (-2.70); Feeder Cattle: $214.425 (-5.525); Hogs: $70.10 (-1.375)
US Cattle Report by National Beef Wire
CME GRAINS: Corn: $ 4.8475 (+2.00); Soybeans: $13.455 (-16.75); Wheat: $6.0275 (+4.75); Cotton: $79.42 (-0.64)
National Corn Wire
STOCK UPDATE: Dow 30: 36,245.50 (+294.61); Nasdaq: 14,305.03 (+78.81); S&P 500: 4,594.63 (+26.83) (Stocks Finish Higher On Dovish Fed Outlook)
Market Update
SHORT-RANGE WEATHER: Scattered thunderstorms, some severe, will be possible Thursday mainly over southeast Texas. A conditional risk for a few tornadoes will be possible
Weather
BEFORE THE BELL: Futures tracking Wall Street's indexes were largely subdued as investors eagerly waited for Federal Reserve Chair Jerome Powell's comments later in the day that are expected to hold clues on the interest rate path (Reuters)
Market Update
U.S. EXPORT SALES: Wheat sales up noticeably; Beef at 10.6K (6.3K for 2023; 4.3K for 2024)
Market Update
CORN MARKETS: Corn export sales were excellent at 1.9 MMT and milo was great as well at 186,200 MT. The new contract lows and the relentless bear spreading seems to have attracted demand, so at least there is some good coming from it (Schwieterman)
NBW Market Commmentary
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
DROUGHT MONITOR: Amidst the wild and devastating weather week, drought mostly held at status quo. The West saw some improvements, and the Southern Plains saw degradations, with mostly small changes elsewhere (VIEW REPORT)
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
GRAIN TRENDS (Short Term/Long Term): CORN: Up/Down; WHEAT: Down/Down; SOYBEANS: Up/Up
National Corn Wire
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
2023 Processor of the Year: JBS S.A.’s Billion-Dollar Pledge to Become Net Zero by 2040
Beef Business
Gas prices down 5 cents this week to $3.24, down $0.30 from last year. Diesel prices down 6 cents this week to $4.15, down $0.96 from last year
Cash Prices
UK detects its first human case of swine flu strain, Health officials scramble to trace contacts of person infected with H1N2 strain
World News