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TUESDAY Q’S
MARKET REPORT
WEATHER 20/20 REPORT
AGRICULTURE
WAYNOKA FFA RALLIES FOR RANCHERS
TIGHT HERD DRIVES CATTLE RALLY
BEEF PRICES REFLECT STRUCTURAL SHIFTS
FINANCE
DAILY REPORTING
SOYBEAN OIL RALLIES ON DEMAND
CATTLE FUTURES FACE RISK PRESSURE
OIL SURGE RATTLES MARKETS BRIEFLY
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Last Week’s Responses— 2/24
Monday, March 02
AUCTION SUMMARY
Ft. Pierre Livestock
7,298 Ft. Pierre, SD
Friday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 465.00-532.00 | 400-500 lbs | 487.50-542.50 |
| 600-700 lbs | 421.00-470.00 | 500-600 lbs | 425.00-501.00 |
| 700-800 lbs | 374.00-428.00 | 600-700 lbs | 378.00-432.50 |
| 800-900 lbs | 338.00-375.00 | 700-800 lbs | 368.00-394.00 |
| 900-1000 lbs | 310.00-341.00 | 800-900 lbs | 354.00 |
Herreid Livestock
4,127 Herreid, SD
Friday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 485.00-551.00 | 400-500 lbs | 485.00-510.00 |
| 600-700 lbs | 426.25-469.00 | 500-600 lbs | 438.00-483.00 |
| 700-800 lbs | 367.00-427.00 | 600-700 lbs | 377.00-429.00 |
| 800-900 lbs | 347.00-376.00 | 700-800 lbs | 364.00-395.00 |
| 900-1000 lbs | 339.50-355.00 | 800-900 lbs | 325.50-339.00 |
Ericson Livestock
3,690 Ericson, NE
Saturday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 472.50-542.00 | 300-400 lbs | - |
| 600-700 lbs | 420.00-485.00 | 400-500 lbs | 455.00-515.00 |
| 700-800 lbs | 408.00-418.00 | 500-600 lbs | 429.00-485.00 |
| 800-900 lbs | 344.50-376.00 | 600-700 lbs | 380.00-420.00 |
| 900-1000 lbs | 315.00-338.25 | 700-800 lbs | 359.50-389.00 |
CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT
Monday
| Live Cattle | Change | Feeder Cattle | Change | ||
| Apr | 233.100 | 0.875 ▲ | Mar | 357.275 | 1.850 ▲ |
| Jun | 229.650 | 0.500 ▲ | Apr | 353.325 | 2.125 ▲ |
| Aug | 228.175 | 0.375 ▲ | May | 349.475 | 2.275 ▲ |
CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS
Monday
| Corn | Change | Soy Beans | Change | ||
| Mar | 4.3325 | 0.0550 ▼ | Mar | 11.5000 | 0.0725 ▼ |
| May | 4.4575 | 0.0275 ▼ | May | 11.6400 | 0.0675 ▼ |
| Jul | 4.5425 | 0.0175 ▼ | Jul | 11.7700 | 0.0575 ▼ |
KANSAS CITY BOARD OF TRADE
Monday
| Wheat | Change | ||||
| Mar | 5.6700 | 0.0575 ▼ | |||
| May | 5.7475 | 0.0575 ▼ | |||
| Jul | 5.8825 | 0.0525 ▼ | |||
ESTIMATED DAILY CATTLE SLAUGHTER
| Monday | 102,000 | Friday |
| Week Ago (est) | 106,000 | Steer & Heifer: 69,000 |
| Year Ago (act) | 105,000 | Cow & Bull: 20,000 |
| Wk To Date (est) | 102,000 | Saturday |
| Last Week (est) | 106,000 | Steer & Heifer: 2,000 |
| Last Year (est) | 105,000 | Cow & Bull: 1,000 |
Monday, March 02
5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE
| As of 10:00 am | Head Count | Avg Weight | Avg Price |
| Live Steer | 16,490 | 1,584 | 242.71 |
| Live Heifer | 9,882 | 1,405 | 242.85 |
| Dressed Steer | 8,513 | 1,018 | 382.60 |
| Dressed Heifer | 1,390 | 916 | 382.73 |
DAILY ESTIMATED CUTOUT VALUES
| 600-900# | Choice | Select | Choice/Select Spread |
| Current Cutout Values: | 381.34 | 378.21 | 3.13 |
| Change from prior day: | +1.50 ▲ | +3.90 ▲ |
DAILY CATTLE SLAUGHTER
| Monday | 102,000 | Friday |
| Week Ago (est) | 106,000 | Steer & Heifer: 69,000 |
| Year Ago (act) | 104,764 | Cow & Bull: 20,000 |
| Wk To Date (est) | 102,000 | Saturday |
| Last Week (est) | 106,000 | Steer & Heifer: 2,000 |
| Last Year (est) | 104,764 | Cow & Bull: 1,000 |
Monday, March 02
In Case You Missed It!
We recently hosted Crop Insurance Insights for 2026, a webinar designed to help you simplify coverage decisions and understand the updates shaping this season.
If you couldn't join us, now you can watch on-demand.
✔ Where crop insurance is headed
✔ How MPCI, ECO and SCO work together in real scenarios
✔ Policy options that can strengthen your protection
✔ What to consider for 2026
Use these insights to strengthen your coverage and make more informed decisions for 2026.
CattleUSA Insurance Partner Logic Ag Marketing Commentary
Ever heard of a courage call? With today’s drop based on war fears, potentially lower cash fears, and more possible plant closure fears (strike or new plant), the market has given you an opportunity to buy a call option so that if we rally close to profitable levels you can book LRP without the fear of possibly booking too soon. It is easy to look back and wish we would have done something like buy at the bottom or sell at the top, but it is not always easy to pull the trigger when we think we should. Buying a courage call can help take that anxiety away. Do I think now is the time to go long, not necessarily for everyone. Buying a call option can give you an upside potential gain while knowing your risk. If you have previously booked LRP and the market turns and goes higher maybe this long call option offsets some of your premium. If you haven't booked LRP yet and the market goes higher, it might make it easier to book having the long call option in place. The mental toll these markets can take on hedgers and speculators can be brutal at times. Personally, I like selling premium but in a volatile market paying a premium could be the better choice. If none of this makes sense, call us and we will walk you through it.
- Beef:
-Fat cattle kill at 102,000 vs 106,000 a week ago and 104,764 a year ago
-Choice boxes up 1.50 to $381.34 and select up 3.90 to $378.21 for a spread of 3.13 on 73 loads
-CME feeder index(Feeder LRP Settlement) for 2/27 came in at $371.82
-Fed Cattle LRP’s ending last week settled at $242.57
- Pork:
-Hog kill at 482,000 vs 477,000 a week ago and 483,434 a year ago.
-Afternoon Pork reported up 0.73 at $98.50 on 268.89 loads
-CME lean hog index on 2/26 reported at 89.44
-CME pork cutout index on 2/27 reported at 97.40
-LRP’s ending 3/2 settled at approximately $89.69
Click here to connect with a CattleUSA Insurance representative
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
SOUTH AMERICA RAINFALL FORECAST: MARCH 2-17
BRAZIL: Minas Gerais/Bahia to MG will see 3”-6”… Upgrade account to read the rest.
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