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MONDAY MEME
MARKET REPORT
WEATHER 20/20 REPORT
AGRICULTURE
TRAINING TOMORROW’S CALIFORNIA FARM WORKFORCE
CRP SIGNUPS RESUME AFTER PAUSE
VET BUILDS ANGUS BREEDING LEGACY
FINANCE
DAILY REPORTING
STOCKS RISE DESPITE CONSUMER GLOOM
FUTURES CLIMB, RECESSION FEARS EASE
GRAINS FALL, CATTLE FUTURES CLIMB
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Friday, May 16
AUCTION SUMMARY
Winter Livestock
5,339 Pratt, KS
Thursday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 342.50-410.00 | 500-600 lbs | 282.50-327.50 |
| 600-700 lbs | 290.00-364.00 | 600-700 lbs | 290.00-303.50 |
| 700-800 lbs | 287.00-304.00 | 700-800 lbs | 262.50-280.50 |
| 800-900 lbs | 269.00-285.00 | 800-900 lbs | 257.00-278.00 |
| 900-1000 lbs | 255.00-278.00 | 900-1000 lbs | 219.00-264.25 |
Valentine Livestock Auction
3,680 Valentine, NE
Thursday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 400-500 lbs | 482.50-525.00 | 400-500 lbs | 402.50-505.00 |
| 500-600 lbs | 404.00-441.00 | 500-600 lbs | 350.00-398.00 |
| 600-700 lbs | 376.00-387.50 | 600-700 lbs | 320.00-360.00 |
| 700-800 lbs | 339.50 | 700-800 lbs | 323.00-326.00 |
| 800-900 lbs | 312.00 | 800-900 lbs | 271.00-272.00 |
Ogallala Livestock Auction
3,030 Ogallala, NE
Thursday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 300-400 lbs | 505.00-570.00 | 400-500 lbs | 365.00-435.00 |
| 400-500 lbs | 445.00-492.50 | 500-600 lbs | 329.00-380.00 |
| 500-600 lbs | 385.00-424.00 | 600-700 lbs | 300.00-327.00 |
| 600-700 lbs | 336.00-376.00 | 700-800 lbs | 292.00-307.00 |
| 700-800 lbs | 295.00-343.50 | 800-900 lbs | 266.00-300.00 |
CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT
Friday
| Live Cattle | Change | Feeder Cattle | Change | ||
| Jun | 212.225 | 1.050 ▲ | May | 296.850 | 0.675 ▲ |
| Aug | 206.750 | 0.900 ▲ | Aug | 297.600 | 1.775 ▲ |
| Oct | 203.975 | 1.300 ▲ | Sep | 296.275 | 1.650 ▲ |
CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS
Friday
| Corn | Change | Soy Beans | Change | ||
| Jul | 4.4350 | 0.0500 ▼ | Jul | 10.5000 | 0.0125 ▼ |
| Sep | 4.2150 | 0.0350 ▼ | Aug | 10.4625 | 0.0100 ▼ |
| Dec | 4.3550 | 0.0325 ▼ | Sep | 10.2950 | unchanged |
KANSAS CITY BOARD OF TRADE
Friday
| Wheat | Change | ||||
| Jul | 5.1650 | 0.1175 ▼ | |||
| Sep | 5.3050 | 0.1150 ▼ | |||
| Dec | 5.5300 | 0.1150 ▼ | |||
ESTIMATED DAILY CATTLE SLAUGHTER
| Friday | 105,000 | Thursday |
| Week Ago (est) | 88,000 | Steer & Heifer: 98,000 |
| Year Ago (act) | 102,000 | Cow & Bull: 22,000 |
| Wk To Date (est) | 564,000 | |
| Last Week (est) | 557,000 | |
| Last Year (est) | 587,000 |
Friday, May 16
5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE
| As of 10:00 am | Head Count | Avg Weight | Avg Price |
| Live Steer | 25,982 | 1,478 | 226.36 |
| Live Heifer | 9,153 | 1,310 | 224.32 |
| Dressed Steer | 7,566 | 971 | 357.76 |
| Dressed Heifer | 1,626 | 885 | 357.58 |
DAILY ESTIMATED CUTOUT VALUES
| 600-900# | Choice | Select | Choice/Select Spread |
| Current Cutout Values: | 352.49 | 342.39 | 10.10 |
| Change from prior day: | +2.59 ▲ | +3.21 ▲ |
DAILY CATTLE SLAUGHTER
| Friday | 105,000 | Thursday |
| Week Ago | 88,000 | Steer & Heifer: 98,000 |
| Year Ago (act) | 101,561 | Cow & Bull: 22,000 |
| Week To Date | 564,000 | |
| Same Period Last Week | 557,000 | |
| Same Period Last Year | 587,010 |
Friday, May 16
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