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U.S. CATTLE REPORT: 2020 Cattle weights heaviest on record; Calf prices average $176.81...
TOP 25: The largest steer and heifer string sold on Wednesday was 212 heifers (574#) from Sidney, Montana at $152.50
REAL-TIME CATTLE PRICES: Beaver, Oklahoma reports 79 steers (764#) at $139.00
NATIONAL CALF TRACKER: The largest calf string sold so far this week was 111 heifers (494#) from Gering, Nebraska at $160.00. The average price paid so far this week for the top 25 calf strings (under 500#) was $176.81. The price range was $141.00 - $204.50 (VIEW REPORT)
Private exporters reported sales of 1,700,000 metric tons of corn for delivery to China during the 2020/2021 marketing year; and 213,600 metric tons of corn received during the reporting period for delivery to unknown destinations during the 2020/2021 marketing year
CATTLE WEIGHTS: Cattle weights averaged 1,373 pounds in 2020, the heaviest on record
OKC West (El Reno, Oklahoma): Top 25 Largest Steer & Heifer Strings Sold This Week
USDA estimates daily cattle slaughter at 119,000 head, compared to 120,000 last week and 124,000 last year. Week-to-date slaughter at 351,000 head, compared to 349,000 last week and 364,000 last year (Wed)
Third Highest... The choice boxed beef cutout is the third highest for the last week in January in history, not the second as reported here yesterday (The Beef)
MEATBOARD: Boxed Beef Choice: $229.66 (+0.60); Pork Carcass: $81.11 (+0.18); Chicken Breast: $129.85 (-5.51) (Wed pm)
Cattle Trade: Thus far for Wednesday negotiated cash trading has been at a standstill in Kansas and the Northern Plains
It was hoped that President Biden would take a softer approach to trade relations, especially to China, but this may not be the case. In fact, indications are President Biden will be just as hard on China (AgriVisor)
CORN: China continues to shop for summer needs; China’s imports larger than WASDE figures; Open interest in corn +27% from last year (AgriVisor)
BEFORE THE BELL: The S&P 500 and Nasdaq futures slipped, while Dow futures were little changed, as investors locked in gains in heavyweights Apple and Facebook following their upbeat earnings (Reuters)
Southwest Airlines posts first annual loss since 1972 on virus woes (Reuters)
A ragtag group of traders from Reddit and TikTok, led by a man calling himself “Roaring Kitty," engineered a bloodbath for giant hedge funds that shorted stocks like GameStop (Axios)
U.S. economy likely logged its weakest performance in 74 years in 2020 (Reuters)
Mark Zuckerberg said yesterday on a call with investors that Facebook will dial back on pushing political groups and content to users, and take steps to reduce the amount of political content in the News Feed (Axios)
TODAY'S WEATHER: Across the central Plains, winter wheat is benefiting from recent snowfall, which is providing the crop with insulation and a boost in topsoil moisture (VIEW REPORT)
AMARILLO, TX: Partly sunny, with a high near 53. Wind chill values between 17 and 27 early
GREAT FALLS, MT: Mostly cloudy, with a high near 45. South southwest wind 6 to 9 mph becoming southeast in the afternoon
GARDEN CITY, KS: Mostly sunny, with a high near 44. South wind 10 to 13 mph
NORTH PLATTE, NE: Patchy fog before 11am. Otherwise, partly sunny, with a high near 31
CORN BELT WEATHER: Very cold air has settled across the upper Midwest, where this morning’s low temperatures dipped below 0°F as far south as Iowa and northern Illinois (VIEW REPORT)
Short Range Weather Forecast: A major winter storm with an active atmospheric river is inundating California the next few days with a tremendous amount of moisture (View Report)
BRAZIL WEATHER: Widespread, locally heavy rain provided highly beneficial moisture for immature soybeans and first-crop corn (VIEW REPORT)
China bought about 200 million gallons of U.S. ethanol for first-half 2021, matching its previous record for annual imports of the corn-based biofuel (Reuters)
NBW Reports
Cattle Inventory By State: This Year vs. Last Year
Cattle Inventory Highlights
Cattle Inventory: Ranking Of States With The Most Cattle
Cattle on Feed
Cattle Slaughter By State
Cold StorageCorn Progress By State
Estimated Weekly Meat Production
Export Sales Highlights
Farms and Land in Farms Highlights
Livestock Comments
Livestock Slaughter
Livestock, Dairy & Poultry Outlook
Milk Production By State
National Drought Monitor
National Feeder Cattle Report
National Grain Report
Natural Gas Weekly Update
Number Of Farms By State
Quarterly Hogs & PigsPrice Projections For Steers, Hogs, Milk
Protein Production Estimates
Ranking Of States With The Largest Farms
Ranking Of States With The Most Farms
Ranking Of States With The Most Land In Farms
Red Meat By Production By StateSoybean Balance Sheet
Today's WeatherTop 25: Largest Steer & Heifer Strings Sold Today
United States Ag Production Report
USDA Grain Stocks Report
USDA Prospective Plantings Report
WASDE: Feed Grain Outlook
WASDE: Livestock, Dairy & Poultry Outlook
WASDE: Oilseed Outlook
WASDE: Wheat Outlook
Rob Cook, RobCookKC@Gmail.com