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MARKET REPORT

WEATHER 20/20 REPORT

AGRICULTURE

  • RANCHERS FOCUS ON NEXT GENERATION

  • FOOD SUPPLY CHAINS FACE PRESSURE

  • CORN EMERGENCE STARTS STRONG

FINANCE

  • DAILY REPORTING

  • WHEAT LEADS AS RISKS BUILD

  • MARKET DATA TOOLS MATTER

  • OIL HOLDS ABOVE $100

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DAILY MARKET SUMMARY

Thursday, April 23

AUCTION SUMMARY

OKC West Livestock

9,147 El Reno, OK

Wednesday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
600-700 lbs395.00-435.00500-600 lbs405.00-455.00
700-800 lbs367.00-407.50600-700 lbs365.00-410.00
800-900 lbs336.00-375.00700-800 lbs327.50-359.00
900-1000 lbs318.50-342.50800-900 lbs312.00-335.00
1000-1100 lbs302.00-314.00900-1000 lbs296.00-310.00

Bassett Livestock

6,345 Bassett, NE

Wednesday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
500-600 lbs479.00-575.00400-500 lbs507.50-567.50
600-700 lbs424.00-472.50 500-600 lbs455.00-482.50
700-800 lbs397.50-423.00600-700 lbs386.00-432.50
800-900 lbs356.00-391.00 700-800 lbs363.00-397.00
900-1000 lbs321.50-355.00800-900 lbs334.50-360.00

Hub City Livestock

3,834 Aberdeen, SD

Wednesday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
500-600 lbs487.50-532.50500-600 lbs428.00-452.50
600-700 lbs413.00-459.00600-700 lbs397.00-421.00
700-800 lbs383.00-412.00700-800 lbs349.00-395.00
800-900 lbs348.00-381.00800-900 lbs327.00-346.00
900-1000 lbs330.00-361.25900-1000 lbs320.00

CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT

Thursday

Live Cattle Change  Feeder Cattle Change
Apr 247.075 0.225 Apr 366.625 0.175
Jun 243.500 0.425 May 358.875 0.450
Aug 240.150 0.975 Aug 359.350 0.475

CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS

Thursday

Corn Change  Soy Beans Change
May 4.5550 0.0125 May 11.5975 0.0475
Jul 4.6375 0.0100 Jul 11.7475 0.0475
Sep 4.6850 0.0150 Aug 11.6900 0.0425

KANSAS CITY BOARD OF TRADE

Thursday

  Wheat Change
May 6.6675 0.2900
Jul 6.7925 0.2925
Sep 6.9075 0.2875

ESTIMATED DAILY CATTLE SLAUGHTER

Thursday 106,000 Wednesday
Week Ago (est)104,000 Steer & Heifer: 93,000
Year Ago (act)117,000 Cow & Bull: 18,000
Wk To Date (est)425,000  
Last Week (est)429,000  
Last Year (est)462,000  

Thursday, April 23

5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE

As of 10:00 amHead CountAvg WeightAvg Price
Live Steer 6,390 1,588 246.02
Live Heifer 4,267 1,412 246.00
Dressed Steer 3,683 1,029 386.00
Dressed Heifer 2,062 902 386.00

DAILY ESTIMATED CUTOUT VALUES

600-900#ChoiceSelectChoice/Select Spread
Current Cutout Values: 383.50 382.58 0.92
Change from prior day: -0.69 -0.75  

DAILY CATTLE SLAUGHTER

Thursday 106,000 Wednesday
Week Ago (est)104,000 Steer & Heifer: 93,000
Year Ago (act)116,598 Cow & Bull: 18,000
Wk To Date (est)425,000  
Last Week (est)429,000  
Last Year (est)461,941  

Thursday, April 23

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WEATHER 20/20 REPORT

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On the next chart, we are looking ahead into the fourth and early fifth cycles of this year’s pattern across Nebraska and Iowa.

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