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MARKET REPORT
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AGRICULTURE
USDA EXPANDS FARM SAFETY NET
PAYMENT LIMITS RAISE CONCERNS
FUEL EFFICIENCY PROTECTS FARM MARGINS
FINANCE
DAILY REPORTING
DROUGHT DELAYS HERD EXPANSION
GRAINS RETREAT, CATTLE REBOUND
GRAIN RALLY TESTS STAYING POWER
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Thursday, July 09
AUCTION SUMMARY
Bassett Livestock
8,720 Bassett, NE
Wednesday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 505.00-520.00 | 500-600 lbs | 457.50-506.00 |
| 600-700 lbs | 484.00-527.50 | 600-700 lbs | 393.50-452.50 |
| 700-800 lbs | 408.00-463.00 | 700-800 lbs | 375.00-397.50 |
| 800-900 lbs | 370.00-409.00 | 800-900 lbs | 331.50-364.50 |
| 900-1000 lbs | 334.50-371.00 | 900-1000 lbs | 305.00-356.00 |
OKC West Livestock
6,000 El Reno, OK
Wednesday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 600-700 lbs | 402.50-435.00 | 400-500 lbs | 440.00-460.00 |
| 700-800 lbs | 375.00-406.00 | 500-600 lbs | 395.00-460.00 |
| 800-900 lbs | 352.00-373.00 | 600-700 lbs | 355.00-405.00 |
| 900-1000 lbs | 317.00-338.50 | 700-800 lbs | 336.50-359.00 |
| 1000-1100 lbs | 297.00-317.00 | 800-900 lbs | 313.00-338.00 |
Hub City Livestock
1,709 Aberdeen SD
Wednesday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | - | 500-600 lbs | - |
| 600-700 lbs | 427.00 | 600-700 lbs | 397.00-399.00 |
| 700-800 lbs | - | 700-800 lbs | 372.00-380.00 |
| 800-900 lbs | 358.50-371.50 | 800-900 lbs | 324.50-335.00 |
| 900-1000 lbs | 335.75-346.50 | 900-1000 lbs | 319.00-326.00 |
CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT
Thursday
| Live Cattle | Change | Feeder Cattle | Change | ||
| Aug | 235.250 | 2.375 ▼ | Aug | 356.150 | 5.900 ▼ |
| Oct | 231.600 | 1.950 ▼ | Sep | 353.000 | 5.650 ▼ |
| Dec | 231.550 | 2.100 ▼ | Oct | 349.325 | 5.300 ▼ |
CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS
Thursday
| Corn | Change | Soy Beans | Change | ||
| Jul | 4.2775 | 0.0700 ▼ | Jul | 11.7975 | 0.1525 ▼ |
| Sep | 4.3150 | 0.0350 ▼ | Aug | 11.7775 | 0.1550 ▼ |
| Dec | 4.5200 | 0.0425 ▼ | Sep | 11.7000 | 0.1350 ▼ |
KANSAS CITY BOARD OF TRADE
Thursday
| Wheat | Change | ||||
| Jul | 6.4225 | 0.0800 ▲ | |||
| Sep | 6.5425 | 0.0900 ▲ | |||
| Dec | 6.6825 | 0.0850 ▲ | |||
ESTIMATED DAILY CATTLE SLAUGHTER
| Thursday | 112,000 | Wednesday |
| Week Ago (est) | 109,000 | Steer & Heifer: 90,000 |
| Year Ago (act) | 115,000 | Cow & Bull: 18,000 |
| Wk To Date (est) | 430,000 | |
| Last Week (est) | 433,000 | |
| Last Year (est) | 465,000 |
Thursday, July 09
5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE
| As of 10:00 am | Head Count | Avg Weight | Avg Price |
| Live Steer | 40 | 1,400 | 248.00 |
| Live Heifer | - | - | - |
| Dressed Steer | 495 | 972 | 393.48 |
| Dressed Heifer | 160 | 877 | 393.00 |
DAILY ESTIMATED CUTOUT VALUES
| 600-900# | Choice | Select | Choice/Select Spread |
| Current Cutout Values: | 380.81 | 363.49 | 17.32 |
| Change from prior day: | -0.39 ▼ | +0.40 ▲ |
DAILY CATTLE SLAUGHTER
| Thursday | 112,000 | Wednesday |
| Week Ago (est) | 109,000 | Steer & Heifer: 90,000 |
| Year Ago (act) | 115,452 | Cow & Bull: 18,000 |
| Wk To Date (est) | 430,000 | |
| Last Week (est) | 433,000 | |
| Last Year (est) | 465,480 |
Physical AI is coming to agriculture.
Everyone talks about AI software. Few are paying attention to AI machines operating in the real world. Greenfield Robotics is building autonomous machines that remove weeds at commercial scale, targeting one of agriculture's largest recurring costs.
Greenfield Robotics is Testing The Waters under tier 2 of Regulation A. No money or other consideration is being solicited, and if sent in response will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement filed by the company with the SEC has been qualified by the SEC. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification. An indication of interest involves no obligation or commitment of any kind. “Reserving” shares is simply an indication of interest. There is no binding commitment for investors that reserve shares in this manner to ultimately invest and purchase the shares reserved of the company, or to purchase any shares of the company whatsoever.
Thursday, July 09
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