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FARMERS FACE MARKET VOLATILITY
FED'S TIGHTENING IMPACT ON ECONOMY
Friday, March 07
5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE
| As of 10:00 am | Head Count | Avg Weight | Avg Price |
| Live Steer | 4,747 | 1,392 | 196.69 |
| Live Heifer | 3,125 | 1,317 | 196.63 |
| Dressed Steer | 502 | 975 | 312.93 |
| Dressed Heifer | 296 | 858 | 313.43 |
DAILY ESTIMATED CUTOUT VALUES
| 600-900# | Choice | Select | Choice/Select Spread |
| Current Cutout Values: | 314.90 | 305.80 | 9.10 |
| Change from prior day: | +1.78 ▲ | +2.29 ▲ |
DAILY CATTLE SLAUGHTER
| Friday | 108,000 | Thursday |
| Week Ago | 107,000 | Steer & Heifer: 99,000 |
| Year Ago (act) | 96,325 | Cow & Bull: 23,000 |
| Week To Date | 575,000 | |
| Same Period Last Week | 564,000 | |
| Same Period Last Year | 583,294 |
Friday, March 07
AUCTION SUMMARY
Winter Livestock
4,759 Pratt, KS
Thursday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 350.00-368.00 | 500-600 lbs | 300.00-322.00 |
| 600-700 lbs | 304.00-348.00 | 600-700 lbs | 266.00-295.00 |
| 700-800 lbs | 277.00-298.00 | 700-800 lbs | 251.00-270.00 |
| 800-900 lbs | 255.00-279.00 | 800-900 lbs | 230.00-256.50 |
| 900-1000 lbs | 242.00-262.50 | 900-1000 lbs | 219.50-239.00 |
Napoleon Livestock Auction
3,991 Napoleon, ND
Thursday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 400-500 lbs | 370.00-445.00 | 300-400 lbs | 335.00-365.00 |
| 500-600 lbs | 340.00-400.00 | 400-500 lbs | 345.00-380.00 |
| 600-700 lbs | 305.00-360.00 | 500-600 lbs | 307.50-350.00 |
| 700-800 lbs | 280.00-305.00 | 600-700 lbs | 280.00-302.00 |
| 800-900 lbs | 264.50-289.50 | 700-800 lbs | 267.00-270.00 |
Mitchell Livestock Auction
3,989 Mitchell, SD
Thursday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 361.50-384.00 | 400-500 lbs | 350.00 |
| 600-700 lbs | 316.50-348.00 | 500-600 lbs | 310.00-335.00 |
| 700-800 lbs | 280.50-316.00 | 600-700 lbs | 278.50-310.00 |
| 800-900 lbs | 267.50-280.25 | 700-800 lbs | 260.25-281.00 |
| 900-1000 lbs | 251.75-264.50 | 800-900 lbs | 237.50-260.00 |
CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT
Friday
| Live Cattle | Change | Feeder Cattle | Change | ||
| Apr | 200.275 | 4.000 ▲ | Mar | 276.975 | 2.950 ▲ |
| Jun | 196.475 | 3.850 ▲ | Apr | 278.150 | 3.725 ▲ |
| Aug | 194.350 | 3.375 ▲ | May | 278.200 | 4.350 ▲ |
CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS
Friday
| Corn | Change | Soy Beans | Change | ||
| Mar | 4.5525 | 0.0575 ▲ | Mar | 10.1025 | 0.0375 ▼ |
| May | 4.6925 | 0.0525 ▲ | May | 10.2500 | 0.0225 ▼ |
| Jul | 4.7575 | 0.0500 ▲ | Jul | 10.3875 | 0.0075 ▼ |
KANSAS CITY BOARD OF TRADE
Friday
| Wheat | Change | ||||
| Mar | 5.5125 | 0.0025 ▼ | |||
| May | 5.6475 | 0.0100 ▼ | |||
| Jul | 5.7725 | 0.0225 ▼ | |||
ESTIMATED DAILY CATTLE SLAUGHTER
| Friday | 108,000 | Thursday |
| Week Ago (est) | 107,000 | Steer & Heifer: 99,000 |
| Year Ago (act) | 96,000 | Cow & Bull: 23,000 |
| Wk To Date (est) | 575,000 | |
| Last Week (est) | 564,000 | |
| Last Year (est) | 583,000 |
Friday, March 07
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The system at the end of this week may bring some drought relief from northern NE to the Dakotas.
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