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— Vincent Van Gogh
MONDAY MEME
MARKET REPORT
WEATHER 20/20 REPORT
AGRICULTURE
BILL TARGETS LIVESTOCK MARKET CONSOLIDATION
NEW TOOL SIMPLIFIES GRAZING DECISIONS
ROTARY PARLORS GAIN DAIRY INTEREST
FINANCE
DAILY REPORTING
CATTLE RALLY DEFIES OUTSIDE PRESSURE
GRAIN MARKETS DRIFT AHEAD REPORTS
MARKETS SLIDE ON WAR UNCERTAINTY
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362.98
Previous
363.24
Change
0.26 ▼
Friday, March 27
Ogallala Livestock
6,637 Ogallala, NE
Thursday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 477.50-519.00 | 400-500 lbs | 495.00-522.00 |
| 600-700 lbs | 427.50-470.00 | 500-600 lbs | 440.00-490.50 |
| 700-800 lbs | 372.00-406.00 | 600-700 lbs | 377.50-431.00 |
| 800-900 lbs | 336.00-370.00 | 700-800 lbs | 338.50-364.50 |
| 900-1000 lbs | 329.50-340.00 | 800-900 lbs | 322.50-346.00 |
Mitchell Livestock
3,951 Mitchell, SD
Thursday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 460.00-542.50 | 500-600 lbs | 436.00-484.00 |
| 600-700 lbs | 409.00-454.00 | 600-700 lbs | 362.50-407.00 |
| 700-800 lbs | 375.00-398.00 | 700-800 lbs | 331.50-361.00 |
| 800-900 lbs | 345.50-370.00 | 800-900 lbs | 303.00-332.00 |
| 900-1000 lbs | 314.50-347.00 | 900-1000 lbs | 302.50-312.50 |
Farmers and Ranchers Livestock
3,280 Salina, KS
Thursday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 475.00-540.00 | 400-500 lbs | 497.00-535.00 |
| 600-700 lbs | 425.00-450.00 | 500-600 lbs | 417.00-450.00 |
| 700-800 lbs | 365.00-396.00 | 600-700 lbs | 361.00-405.00 |
| 800-900 lbs | 320.00-356.00 | 700-800 lbs | 330.00-344.00 |
| 900-1000 lbs | 325.00-341.50 | 800-900 lbs | 319.00-329.00 |
CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT
Friday
| Live Cattle | Change | Feeder Cattle | Change | ||
| Apr | 238.500 | 3.400 ▲ | Apr | 361.450 | 6.375 ▲ |
| Jun | 238.775 | 3.975 ▲ | May | 359.825 | 8.075 ▲ |
| Aug | 236.050 | 3.650 ▲ | Aug | 357.800 | 7.425 ▲ |
CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS
Friday
| Corn | Change | Soy Beans | Change | ||
| May | 4.6200 | 0.0500 ▼ | May | 11.5925 | 0.1450 ▼ |
| Jul | 4.7350 | 0.0450 ▼ | Jul | 11.7525 | 0.1425 ▼ |
| Sep | 4.7650 | 0.0400 ▼ | Aug | 11.7050 | 0.1250 ▼ |
KANSAS CITY BOARD OF TRADE
Friday
| Wheat | Change | ||||
| May | 6.3275 | 0.0600 ▲ | |||
| Jul | 6.4750 | 0.0625 ▲ | |||
| Sep | 6.6100 | 0.0600 ▲ | |||
ESTIMATED DAILY CATTLE SLAUGHTER
| Friday | 92,000 | Thursday |
| Week Ago (est) | 76,000 | Steer & Heifer: 76,000 |
| Year Ago (act) | 107,000 | Cow & Bull: 21,000 |
| Wk To Date (est) | 504,000 | |
| Last Week (est) | 490,000 | |
| Last Year (est) | 593,000 |
Friday, March 27
5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE
| As of 10:00 am | Head Count | Avg Weight | Avg Price |
| Live Steer | 9,911 | 1,625 | 234.94 |
| Live Heifer | 5,083 | 1,462 | 234.92 |
| Dressed Steer | 6,282 | 1,017 | 371.71 |
| Dressed Heifer | 2,048 | 895 | 371.66 |
DAILY ESTIMATED CUTOUT VALUES
| 600-900# | Choice | Select | Choice/Select Spread |
| Current Cutout Values: | 392.97 | 389.87 | 3.10 |
| Change from prior day: | +3.12▲ | -1.79▼ |
DAILY CATTLE SLAUGHTER
| Friday | 92,000 | Thursday |
| Week Ago | 76,000 | Steer & Heifer: 76,000 |
| Year Ago (act) | 107,178 | Cow & Bull: 21,000 |
| Week To Date | 504,000 | |
| Same Period Last Week | 490,000 | |
| Same Period Last Year | 592,535 |
Friday, March 27
CattleUSA Insurance Partner Logic Ag Marketing Commentary
There's some weird things happening in the futures markets lately. For instance, the Feb:April cattle spread went off more than $11 inverted, which can normally be a carry at expiration. Fast forward, the April:June cattle spread, which is normally trading a wide inverse, poked into and closed with June holding carry on April. Back month cattle spreads are also abnormal, but not as bad given the price levels and hope of a continued bull market. And as a whole, cattle closing on their highs, much to do with today's higher cash, but happening while equities close on new lows for the move? That's one I didn't have on my bingo card. Looking at other commodities, grains softened today while energies raged into the close. And watching the new crop corn months lead the charge higher this week would not be considered wildly bullish. Maybe the market is starting to trade a little weather premium with this drought I keep hearing about? Shoot, even the Hawkeye's made it to the Elite 8!! That's pretty abnormal for them too. Either I'm really bad at this game of bingo, or we're all scratching our heads right now.
To end the week, I think the livestock producers can take a sigh of relief, as once again cash saved us. Hogs ended the week well following yesterday's report, and cattle held strong at heavy resistance levels thanks to cash. Next week could be interesting again, as we move closer to those April contracts that were written like crazy last fall. Overall, we're taking momentum and leverage home for the weekend with the calendar and all 3 B's supporting the possibility of a continued higher move next week. Have some beers, have some pork chops, and eat 3 steaks. The Clones play tonight and I'm excited for the possibility of an ALL IOWA CHAMPIONSHIP GAME? A guy can dream right?
By the way, next week I plan to do a huge data dump on you all, sharing charts for those of you who'd rather see pictures than listen to me ramble. Make sure you stay tuned next week as we dive into stuff we've yet to discuss. Have a great weekend.
-Fat cattle kill at 92,000 vs 76,000 a week ago and 107,000 a year ago
-Choice boxes up 3.12 to $392.97 and select down 1.79 to $389.87 for a spread of 3.10 on 107 loads
-CME feeder index(Feeder LRP Settlement) for 3/26 came in at $362.98
-Fed Cattle LRP’s ending last week settled at $235.09
-Hog kill at 490,000 vs 467,000 a week ago and 467,000 a year ago.
-Afternoon Pork reported up 1.21 at $96.56 on 338 loads
-CME lean hog index on 3/25 reported at 91.46
-CME pork cutout index on 3/26 reported at 97.36
-LRP’s ending 3/26 settled at approximately $91.46
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Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results.
Review our full disclaimer at https://www.logicag.com/disclaimer
Il to OH may see 3”-6”+ of rain. IA/MO to AR & the Tennessee Valley may see 2”-4”
All other locations will see 0.50”-1.50”
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Bill Targets Livestock Market Consolidation
Bipartisan legislation aims to study livestock industry consolidation and its impact on producers and consumers. Lawmakers cite reduced competition and transparency, while some analysts caution that capacity and efficiency—not just concentration—also shape market dynamics. read more here
New Tool Simplifies Grazing Decisions
A new UNL tool, Snap2Graze, helps producers estimate forage and stocking rates using smartphone images. By improving grazing management of cereal rye, it supports better utilization, efficiency, and data-driven decisions during the spring transition. read more here
Rotary Parlors Gain Dairy Interest
More dairy producers are turning to rotary parlors for improved labor efficiency and herd consistency, especially on larger operations. While offering long-term advantages, experts stress careful planning and smooth system startup to ensure successful transitions for cows and crews. read more here
Friday, March 27
| MARKETS | PRICE | CHANGE | PERCENT |
| DOW | 45,166.64 | - 793.47 | 1.73% ▼ |
| S&P 500 | 6,368.85 | - 108.31 | 1.67% ▼ |
| NASDAQ | 20,948.36 | - 459.72 | 2.15% ▼ |
| Russell 2000 | 2,449.70 | - 43.63 | 1.75% ▼ |
| Gold | 4,505.10 | + 128.80 | 2.94% ▲ |
| Silver | 70.01 | + 2.08 | 3.06% ▲ |
| Bitcoin | 66,014.00 | - 2,715.00 | 3.95% ▼ |
| Crude Oil | 100.89 | + 6.41 | 6.78% ▲ |
Cattle Rally Defies Outside Pressure
Cattle futures are pushing higher on strong cash trade and technical momentum despite weak equities and falling boxed beef. Supportive fundamentals and tightening leverage are shifting confidence back toward producers, while hogs gain from a friendly USDA report. read more here
Grain Markets Drift Ahead Reports
Corn and soybean prices slipped on technical selling and acreage expectations ahead of USDA reports, while wheat found support from drought concerns. Weather uncertainty and shifting acreage continue to shape market direction. read more here
Markets Slide On War Uncertainty
Stocks opened lower as Middle East tensions and rising oil prices fueled inflation concerns and dampened investor sentiment. Ongoing uncertainty around negotiations and energy supply disruptions continues to drive volatility and shift rate expectations. read more here
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