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TUESDAY Q’S

MARKET REPORT

WEATHER 20/20 REPORT

AGRICULTURE

  • SOLAR RANCHING TRACKS NEW GROUND

  • COVER CROP USE HOLDS STEADY

  • OECD URGES GREENER AG REFORM

FINANCE

  • DAILY REPORTING

  • CATTLE REBOUND AS SOYBEANS RALLY

  • CASH WEAKNESS WEIGHS ON CATTLE

  • POLITICS RATTLE CATTLE MARKETS

TUESDAY Q-SDAY

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DAILY MARKET SUMMARY

Monday, November 03

AUCTION SUMMARY

Ft. Pierre Livestock

7,716 Ft. Pierre, SD

Friday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
300-400 lbs595.00-680.00300-400 lbs500.00-560.00
400-500 lbs500.00-595.00 400-500 lbs462.50-502.50
500-600 lbs436.00-505.00500-600 lbs402.00-467.50
600-700 lbs395.00-452.00 600-700 lbs369.00-388.00
700-800 lbs360.00-407.00700-800 lbs346.00-353.00

Herreid Livestock

3,647 Herreid, SD

Friday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
500-600 lbs452.50-495.00500-600 lbs355.00-457.00
600-700 lbs364.00-394.00600-700 lbs362.00
700-800 lbs-700-800 lbs-
800-900 lbs353.50-381.00800-900 lbs326.00-334.75
900-1000 lbs342.00-370.50900-1000 lbs311.00-334.75

Ericson Livestock

3,730 Ericson, NE

Saturday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
400-500 lbs480.00-526.50400-500 lbs425.00-450.00
500-600 lbs412.50-497.00500-600 lbs384.00-428.00
600-700 lbs400.00-404.00600-700 lbs370.00
700-800 lbs366.00700-800 lbs353.00
800-900 lbs366.00-369.50800-900 lbs315.50-329.00

CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT

Monday

Live Cattle Change  Feeder Cattle Change
Dec 232.200 2.525 Nov 342.575 3.700
Feb 230.400 2.725 Jan 336.525 4.625
Apr 229.350 2.625 Mar 332.525 5.400

CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS

Monday

Corn Change  Soy Beans Change
Dec 4.3425 0.0275 Nov 11.1975 0.2000
Mar 4.4675 0.0275 Jan 11.3425 0.1900
May 4.5575 0.0350 Mar 11.4025 0.1650

KANSAS CITY BOARD OF TRADE

Monday

  Wheat Change
Dec 5.3175 0.0725
Mar 5.4650 0.0975
May 5.5850 0.1150

ESTIMATED DAILY CATTLE SLAUGHTER

Monday 109,000 Friday
Week Ago (est)105,000 Steer & Heifer: 77,000
Year Ago (act)121,000 Cow & Bull: 21,000
Wk To Date (est)109,000 Saturday
Last Week (est)105,000 Steer & Heifer: 1,000
Last Year (est)121,000 Cow & Bull: 3,000

Monday, November 03

5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE

As of 10:00 amHead CountAvg WeightAvg Price
Live Steer 22,733 1,577 230.86
Live Heifer 7,213 1,369 230.62
Dressed Steer 9,480 1,024 358.54
Dressed Heifer 3,447 890 359.00

DAILY ESTIMATED CUTOUT VALUES

600-900#ChoiceSelectChoice/Select Spread
Current Cutout Values: 379.25 359.93 19.32
Change from prior day: +1.12 +1.28  

DAILY CATTLE SLAUGHTER

Monday 109,000 Friday
Week Ago (est)105,000 Steer & Heifer: 77,000
Year Ago (act)120,597 Cow & Bull: 21,000
Wk To Date (est)109,000 Saturday
Last Week (est)105,000 Steer & Heifer: 1,000
Last Year (est)120,597 Cow & Bull: 3,000
ASK JOHN

The cattle market has taken a hit—and everyone’s talking about why. In this episode of the CattleUSA Daily Podcast, Lauren Moylan and John Campbell break down the recent price declines, the political moves influencing the market, and the growing challenges ranchers are facing across the country. They dig into the deeper issues of vertical integration, speculation, and international influence that have reshaped the cattle industry—and what producers can do to stay resilient through the chaos.

Takeaways:

  • The cattle market has experienced significant price declines recently.

  • Political decisions can have a profound impact on the cattle industry.

  • Market dynamics are influenced by both domestic and international factors.

  • Ranchers are facing unprecedented challenges in the current market.

  • The integration of the cattle industry is too vertical, affecting competition.

  • There is a need for a unified voice among cattle producers.

  • Speculation and market reactions can lead to drastic price changes.

  • The cattle industry is becoming increasingly reliant on imports.

  • Understanding the complexities of the market is crucial for producers.

  • Despite challenges, there is hope for recovery in the cattle market.

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, November 03

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