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“Ambition is the path to success.
Persistence is the vehicle you arrive in.”
— Bill Bradley
TUESDAY Q’S
MARKET REPORT
WEATHER 20/20 REPORT
AGRICULTURE
NANO-FERTILIZER STARTUP BOOSTS FARMING
VETERANS GROW CAREERS THROUGH FARMING
AI MODELS UNLOCK PLANT GENOMES
FINANCE
DAILY REPORTING
MARKETS REBOUND DESPITE TRADE TENSIONS
GLOBAL COMMODITY CHARTS TO WATCH
CRUDE PRICES BREAK RESISTANCE LEVELS
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What would you most like to see change in agriculture policy?
Last Week’s Responses— 5/27
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Close
301.13
Previous
299.3
Change
1.83 ▲
Monday, June 02
AUCTION SUMMARY
Crawford Livestock Market
1,877 Crawford, NE
Friday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 395.00-419.00 | 400-500 lbs | 342.50 |
| 600-700 lbs | 341.00-360.00 | 500-600 lbs | 334.50-346.00 |
| 700-800 lbs | 318.00-338.00 | 600-700 lbs | 330.00-350.00 |
| 800-900 lbs | 314.50-322.00 | 700-800 lbs | 281.00-305.00 |
| 900-1000 lbs | - | 800-900 lbs | 275.00-305.00 |
Lexington Livestock Market
1,795 Lexington, NE
Friday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 400 | 500-600 lbs | - |
| 600-700 lbs | - | 600-700 lbs | 305 |
| 700-800 lbs | 313.50-331.00 | 700-800 lbs | 303.50 |
| 800-900 lbs | 296.50-309.50 | 800-900 lbs | 280.00-286.00 |
| 900-1000 lbs | 290.75 | 900-1000 lbs | 266.00 |
Herreid Livestock Market
1,374 Herreid, SD
Friday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 380.00 | 500-600 lbs | 344.00-349.00 |
| 600-700 lbs | 356.000-374.00 | 600-700 lbs | 317.00-335.00 |
| 700-800 lbs | 320.00-340.00 | 700-800 lbs | 303.00-308.00 |
| 800-900 lbs | 297.50-314.00 | 800-900 lbs | 286.50-300.50 |
| 900-1000 lbs | 288.75-289.00 | 900-1000 lbs | 281.00-287.00 |
CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT
Monday
| Live Cattle | Change | Feeder Cattle | Change | ||
| Jun | 216.550 | 1.075 ▲ | Aug | 301.750 | 2.925 ▲ |
| Aug | 211.000 | 1.650 ▲ | Sep | 300.900 | 3.200 ▲ |
| Oct | 209.200 | 1.800 ▲ | Oct | 299.075 | 3.375 ▲ |
CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS
Monday
| Corn | Change | Soy Beans | Change | ||
| Jul | 4.3825 | 0.0575 ▼ | Jul | 10.3350 | 0.0825 ▼ |
| Sep | 4.2075 | 0.0250 ▼ | Aug | 10.2725 | 0.0950 ▼ |
| Dec | 4.3575 | 0.0275 ▼ | Sep | 10.0775 | 0.1025 ▼ |
KANSAS CITY BOARD OF TRADE
Monday
| Wheat | Change | ||||
| Jul | 5.3975 | 0.0650 ▲ | |||
| Sep | 5.5350 | 0.0650 ▲ | |||
| Dec | 5.7500 | 0.0625 ▲ | |||
ESTIMATED DAILY CATTLE SLAUGHTER
| Monday | 115,000 | Friday |
| Week Ago (est) | 2,000 | Steer & Heifer: 97,000 |
| Year Ago (act) | 118,000 | Cow & Bull: 20,000 |
| Wk To Date (est) | - | Saturday |
| Last Week (est) | - | Steer & Heifer: 4,000 |
| Last Year (est) | - | Cow & Bull: 1,000 |
Monday, June 02
5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE
| As of 10:00 am | Head Count | Avg Weight | Avg Price |
| Live Steer | 23,563 | 1,466 | 229.94 |
| Live Heifer | 8,743 | 1,314 | 228.63 |
| Dressed Steer | 13,743 | 954 | 368.06 |
| Dressed Heifer | 1,312 | 865 | 369.31 |
DAILY ESTIMATED CUTOUT VALUES
| 600-900# | Choice | Select | Choice/Select Spread |
| Current Cutout Values: | 366.00 | 358.11 | 7.89 |
| Change from prior day: | -0.34 ▼ | +1.46 ▲ |
DAILY CATTLE SLAUGHTER
| Monday | 115,000 | Friday |
| Week Ago | 2,000 | Steer & Heifer: 97,000 |
| Year Ago (act) | 117,863 | Cow & Bull: 20,000 |
| Week To Date | 115,000 | Saturday |
| Same Period Last Week | 2,000 | Steer & Heifer: 4,000 |
| Same Period Last Year | 117,863 | Cow & Bull: 1,000 |
Monday, June 02
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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
CattleUSA Insurance Partner Logic Ag Marketing Commentary
Maybe I said this a month ago, but this is getting western now. I write this letter after just hanging up with my buyer, bidding 6 weight steers up to the same dollars per head I bought 8 weights for a month ago. And during that same period, the board has been mostly sideways, giving no one the opportunity to hedge off their ALL TIME RECORD HIGH risk. I'll be completely honest, I won't be surprised if the feeders getting placed right now make money or lose money. The way deferred futures are trading, the traders don't have a lot of faith in this market holding that long. But looking at the record high cash basis we have, feed yards don't care what the futures do because the leverage is in owning the physical. We've come along ways since the Covid low just 5 years ago, and I think it is absolutely wonderful!!
-Fat cattle kill at 115,000 vs 2,000 a week ago and 117,000 a year ago
-Choice boxes down .34 to $366.00 and select up 1.46 to $358.11 for a spread of 7.89 on 122 loads
-CME feeder index(Feeder LRP Settlement) for 5/30 came in at $301.13
-Fed Cattle LRP’s ending last week settled at $233.65
-Hog kill at 463,000 vs 2,000 a week ago and 478,000 a year ago.
-Afternoon Pork reported down .47 at $106.75 on 304 loads
-CME lean hog index on 5/29 reported at 94.84
-CME pork cutout index on 5/30 reported at 103.83
-LRP’s ending 6/2 settled at approximately $95.79
SOUTH AMERICA RAINFALL FORECAST: JUNE 2-12
Brazil: Central Rio Grande do Sul to Parana to southeast Mato Grosso do Sul will see 1”-3” of rain.
Argentina: Mostly dry except the northeast corner.
CattleUSA has teamed up with Weather 20/20 to bring you exclusive access to long-range weather forecasts using their patent-pending LRC methodology. Plan ahead with confidence and stay ahead of the weather—now at a special discounted rate for CattleUSA users!
Nano-Fertilizer Startup Boosts Farming
PhD student Shruti Choudhary and Dean Pratim Biswas co-founded SmArT, a nanotech startup revolutionizing farming. Their aerosol-delivered nano-fertilizers aim to cut waste, reduce runoff, and boost crop yields. After winning $125K at eMerge Americas, they’re expanding trials with Florida tomato farmers. read more here
Veterans Grow Careers Through Farming
The AgVets program near Fort Drum connects service members with hands-on farm training, helping veterans like Ben Groen and others transition into agriculture. Through mentorships with local farmers, participants gain practical skills, confidence, and a renewed sense of purpose as they build post-military farming futures. read more here
AI Models Unlock Plant Genomes
Researchers at Hainan University adapted large language models (LLMs) to decode plant genomes, treating DNA like language to predict gene function and expression. This AI breakthrough could revolutionize plant biology, aiding crop improvement, biodiversity, and food security amid climate and resource challenges. read more here
Monday, June 02
| MARKETS | PRICE | CHANGE | PERCENT |
| DOW | 42,305.48 | + 35.41 | 0.08% ▲ |
| S&P 500 | 5,935.94 | + 24.25 | 0.41% ▲ |
| NASDAQ | 19,242.61 | + 128.85 | 0.67%▲ |
| Russell 2000 | 2,070.16 | + 3.88 | 0.19% ▲ |
| Gold | 3,406.40 | + 9.20 | 0.27% ▲ |
| Silver | 34.93 | + 0.24 | 0.68% ▲ |
| Bitcoin | 104,771.00 | - 956.00 | 0.90% ▼ |
| Crude Oil | 63.04 | + 0.52 | 0.83% ▲ |
Markets Rebound Despite Trade Tensions
Stocks rose Monday as investors looked past renewed U.S.-China trade tensions. Tech and chipmakers led gains, with Micron up 5%. Steel stocks surged on tariff news, while automakers fell. Oil, gold, and mining shares climbed amid commodity gains. The 10-year Treasury yield rose to 4.47%, and Bitcoin dipped to $104,300. read more here
Global Commodity Charts To Watch
Wildfires in Canada cut oil output by 350,000 barrels/day, tightening crude spreads. AI improves weather forecasting, but dry U.S. fields push corn and wheat ratings below average, with exports lagging. Soy, corn exports slump; biofuel policy may offer relief. read more here
Crude Prices Break Resistance Levels
Crude prices climbed over 3%, breaking key resistance as WTI surged past $62.40. OPEC+ reaffirmed July’s modest output hike, easing oversupply fears. Goldman Sachs sees room for more increases, citing strong demand. U.S. fuel inventory drops and summer driving season add bullish momentum, with $66.62 in sight. read more here
Today’s Affirmation:
I can handle anything that is in store for me today.
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