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MONDAY MEME
MARKET REPORT
WEATHER 20/20 REPORT
AGRICULTURE
PRECISION AG BILL BOOSTS CONNECTIVITY
NIFA CLIMATE RESEARCH THREATENED
USDA REBRANDS, APPROVES CLIMATE PROJECTS
FINANCE
DAILY REPORTING
UK TRADE DEAL OPENS MARKETS
RETHINKING MARKET-ECONOMY DIVIDE
WHEAT WEAKENS, CORN STEADY GAINS
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Friday, May 09
AUCTION SUMMARY
In case you missed it— Auction summaries from Thursday’s report.
Hub City Livestock Auction
5,699 Aberdeen, SD
Wednesday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 378.00-445.00 | 400-500 lbs | 382.50-392.00 |
| 600-700 lbs | 347.00-384.00 | 500-600 lbs | 350.00-385.00 |
| 700-800 lbs | 325.00-344.50 | 600-700 lbs | 319.00-348.00 |
| 800-900 lbs | 291.25-313.25 | 700-800 lbs | 289.00-316.50 |
| 900-1000 lbs | 267.00-292.75 | 800-900 lbs | 275.00-288.00 |
Bassett Livestock Auction
4,063 Bassett, NE
Wednesday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 372.50-404.00 | 400-500 lbs | 380.00-400.00 |
| 600-700 lbs | 337.50-368.00 | 500-600 lbs | 326.00-395.00 |
| 700-800 lbs | 307.50-335.00 | 600-700 lbs | 290.50-337.50 |
| 800-900 lbs | 295.00-308.25 | 700-800 lbs | 286.00-306.00 |
| 900-1000 lbs | 269.75-286.00 | 800-900 lbs | 289.50 |
Green City Livestock Auction
2,654 Green City, MO
Wednesday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 400-500 lbs | 395.00-464.00 | 400-500 lbs | 352.50-417.00 |
| 500-600 lbs | 363.50-410.00 | 500-600 lbs | 342.00-368.00 |
| 600-700 lbs | 351.00-385.00 | 600-700 lbs | 304.00-331.00 |
| 700-800 lbs | 320.00-326.00 | 700-800 lbs | 301.00-316.00 |
| 800-900 lbs | 295.00-300.50 | 800-900 lbs | 280.50 |
CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT
Friday
| Live Cattle | Change | Feeder Cattle | Change | ||
| Jun | 214.675 | 0.425 ▲ | May | 297.975 | 0.500 ▲ |
| Aug | 209.575 | 0.425 ▼ | Aug | 300.300 | 0.950 ▼ |
| Oct | 206.950 | 0.525 ▼ | Sep | 299.025 | 1.200 ▼ |
CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS
Friday
| Corn | Change | Soy Beans | Change | ||
| May | 4.4150 | 0.0250 ▲ | May | 10.4400 | 0.0725 ▲ |
| Jul | 4.4975 | 0.0225 ▲ | Jul | 10.5175 | 0.0675 ▲ |
| Sep | 4.2925 | 0.0275 ▲ | Aug | 10.4725 | 0.0725 ▲ |
KANSAS CITY BOARD OF TRADE
Friday
| Wheat | Change | ||||
| May | 5.0650 | 0.0725 ▼ | |||
| Jul | 5.1750 | 0.0725 ▼ | |||
| Sep | 5.3175 | 0.0700 ▼ | |||
ESTIMATED DAILY CATTLE SLAUGHTER
| Friday | 88,000 | Thursday |
| Week Ago (est) | 87,000 | Steer & Heifer: 98,000 |
| Year Ago (act) | 118,000 | Cow & Bull: 22,000 |
| Wk To Date (est) | 557,000 | |
| Last Week (est) | 552,000 | |
| Last Year (est) | 603,000 |
Friday, May 09
5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE
| As of 10:00 am | Head Count | Avg Weight | Avg Price |
| Live Steer | 25,308 | 1,485 | 224.49 |
| Live Heifer | 14,156 | 1,304 | 221.86 |
| Dressed Steer | 8,830 | 954 | 356.07 |
| Dressed Heifer | 1,785 | 849 | 356.73 |
DAILY ESTIMATED CUTOUT VALUES
| 600-900# | Choice | Select | Choice/Select Spread |
| Current Cutout Values: | 345.97 | 331.17 | 14.80 |
| Change from prior day: | -1.92 ▼ | -2.03 ▼ |
DAILY CATTLE SLAUGHTER
| Friday | 88,000 | Thursday |
| Week Ago | 87,000 | Steer & Heifer: 98,000 |
| Year Ago (act) | 117,839 | Cow & Bull: 22,000 |
| Week To Date | 557,000 | |
| Same Period Last Week | 552,000 | |
| Same Period Last Year | 602,591 |
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Friday, May 09
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