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Last Week’s Responses— 5/5

DAILY MARKET SUMMARY

Last updated 5/8

Monday, May 11

AUCTION SUMMARY

Ft. Pierre Livestock

6,024 Ft. Pierre, SD

Friday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
500-600 lbs480.00-531.00400-500 lbs-
600-700 lbs436.00-500.00500-600 lbs437.50-511.00
700-800 lbs373.00-437.00600-700 lbs379.00-451.00
800-900 lbs351.00-386.00700-800 lbs364.00-385.00
900-1000 lbs326.00-364.00800-900 lbs321.00-367.00

Crawford Livestock Market

2,651 Crawford, NE

Friday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
500-600 lbs475.00-507.00400-500 lbs440.00-473.00
600-700 lbs410.00-446.00500-600 lbs467.50-472.50
700-800 lbs388.00-392.00600-700 lbs372.50-439.00
800-900 lbs379.00-410.10700-800 lbs353.00-392.00
900-1000 lbs361.00-373.75800-900 lbs345.00-361.00

Eastern MO Commission Co.

1,238 Bowling Green, MO

Friday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
400-500 lbs530.00400-500 lbs477.50-517.50
500-600 lbs465.00-510.00500-600 lbs420.00-442.50
600-700 lbs414.00-440.00600-700 lbs411.00-416.00
700-800 lbs-700-800 lbs356.00
800-900 lbs357.00800-900 lbs-

CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT

Monday

Live Cattle Change  Feeder Cattle Change
Jun 249.400 0.500 May 368.400 1.025
Aug 243.550 0.550 Aug 362.300 1.925
Oct 236.675 1.625 Sep 360.150 2.075

CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS

Monday

Corn Change  Soy Beans Change
May 4.6075 0.0450 May 11.9975 0.0550
Jul 4.7525 0.0400 Jul 12.1300 0.0500
Sep 4.8175 0.0400 Aug 12.0800 0.0525

KANSAS CITY BOARD OF TRADE

Monday

  Wheat Change
May 6.7350 0.0100
Jul 6.8625 0.1050
Sep 6.9725 0.1075

ESTIMATED DAILY CATTLE SLAUGHTER

Monday 102,000 Friday
Week Ago (est)98,000 Steer & Heifer: 73,000
Year Ago (act)97,000 Cow & Bull: 19,000
Wk To Date (est)102,000 Saturday
Last Week (est)98,000 Steer & Heifer: 13,000
Last Year (est)97,000Cow & Bull: 0

Monday, May 11

5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE

As of 10:00 amHead CountAvg WeightAvg Price
Live Steer 35,410 1,555 258.52
Live Heifer 16,526 1,391 258.13
Dressed Steer 13,823 1,019 402.50
Dressed Heifer 2,723 908 403.25

DAILY ESTIMATED CUTOUT VALUES

600-900#ChoiceSelectChoice/Select Spread
Current Cutout Values: 391.22 391.49 -0.27
Change from prior day: +2.83 +6.48  

DAILY CATTLE SLAUGHTER

Monday 102,000 Friday
Week Ago (est)98,000 Steer & Heifer: 73,000
Year Ago (act)97,293 Cow & Bull: 19,000
Wk To Date (est)102,000 Saturday
Last Week (est)98,000 Steer & Heifer: 13,000
Last Year (est)97,293Cow & Bull: 0
ASK JOHN

Today John is back to share what he heard firsthand after attending a Department of Justice briefing in Washington, D.C., where discussions focused on foreign involvement in the U.S. food supply, packer concentration, and growing concerns around national security.

From whistleblower incentives to the role of independent producers in shaping policy, this conversation highlights why these issues are gaining serious attention and what it could mean for the future of the cattle industry.

Takeaways:

  • DOJ is actively investigating antitrust issues in the cattle industry

  • Foreign ownership in the U.S. food supply is a growing national concern

  • Packer concentration continues to limit competition and price discovery

  • Whistleblower programs could incentivize industry insiders to come forward

  • Policy conversations are shifting toward U.S. food security and independence

  • Independent producers are starting to have a stronger voice in policy discussions

  • Consolidation has long-term impacts on producer leverage and market access

  • The outcome of these investigations could shape the future structure of the cattle industry

Have a topic you want to hear discussed? Use the button below to send us your request and tune in to CattleUSA TV on YouTube to see the answer 🤠

*Do not include personal details like addresses, passwords, financial information or other sensitive data*

Monday, May 11

CattleUSA Insurance Partner Logic Ag Marketing Commentary

I'll be honest, I started writing up today's thoughts, I made it half way through, and then I deleted it all. You can't make this shit up. You can't make up the stupidity in our government. You can't make up the timing of it all. You can't make up a single plausible reason anyone with an ounce of common sense would go down the path they're choosing. "Hey, I'm from the government and I'm here to help" is the only thing that comes to mind. FFS, how do we get the government to stop meddling in our markets and let the markets fix themselves? This all started because of the government. I can't believe anyone believes the government is going to fix it. It's truly laughable today, and honestly sad for future generations. The market was in the process of creating more supply by encouraging heifer retention. The market was in the process of curbing demand, which long term leads to price relief for consumers. Here ya go- Hey Uncle Sam, why don't you come speed up the process of bringing down prices. Maybe that will encourage some heifer retention. Hey Uncle Sam, why don't you force our ranchers to be competitive with the ranchers in South America by importing more beef? Maybe that will encourage industry growth. Hey Uncle Sam, why don't you investigate the packers when they're losing $300/hd? I'm sure there's investors begging to get into the meat packing business now. I have an idea. Hey Uncle Sam, why don't you force more verticle integration and consolidation by getting more involved in the last remaining free market and least subsidized industry that exists? Hey Uncle Sam, my phone number is listed below. Why don't you call and explain to me how your stupid way of thinking is actually going to help? If you can help me understand, I'll be happy to write an apology letter tomorrow and inform everyone how I was wrong. I'll be waiting by the phone but I doubt it rings.

-Fat cattle kill at 102,000 vs 98,000 a week ago and 97,000 a year ago

-Choice boxes up 2.83 to $391.22 and select up 6.48 to $391.49 for a spread of -.27 on 102 loads

-CME feeder index(Feeder LRP Settlement) for 5/7 came in at $374.83

-Fed Cattle LRP’s ending last week settled at $258.73

-Hog kill at 462,000 vs 479,000 a week ago and 463,000 a year ago.

-Afternoon Pork reported down .58 at $96.98 on 295 loads

-CME lean hog index on 5/7 reported at 90.79

-CME pork cutout index on 5/8 reported at 96.35

-LRP’s ending 5/11 settled at approximately $90.42

Dan Gerhold

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

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WEATHER 20/20 REPORT

SOUTH AMERICA RAINFALL FORECAST: MAY 11-26

BRAZIL: RGD will see 1”-2”. Parana to southern Minas Gerais to eastern MGD will see 2”-4”… Upgrade account to read the rest.

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