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WEDNESDAY WIRE
MARKET REPORT
WEATHER 20/20 REPORT
AGRICULTURE
SPRING PESTS DEMAND EARLY ACTION
FERTILIZER RELIANCE RAISES RISK
PRE-PLANT CHECKS PREVENT BREAKDOWN
FINANCE
DAILY REPORTING
SOYBEANS LEAD, FERTILIZER CONCERNS GROW
FEEDING MARGINS IMPROVE, PACKERS STRUGGLE
HIGH OIL PRICES BOOST SUPPLY
Introducing CattleChannel: A New Way to CattleUSA
Headline inflation, which tracks items like food, housing, and transportation, was up 3.3% compared to last year. There’s good news, though! Egg prices are down. Do you think AI can help me convert my vehicle to run on those? Just yolking 😂 Join the conversation - comment online!
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P.S. - Have a chart or trend you think should be featured in next week’s Wednesday Wire? DM us on Instagram @cattleusa.media with your submission! |
Tuesday, April 21
AUCTION SUMMARY
Joplin Regional Stockyards
8,553 Carthage, MO
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 455.00-550.00 | 400-500 lbs | 465.00-555.00 |
| 600-700 lbs | 410.00-452.50 | 500-600 lbs | 400.00-475.00 |
| 700-800 lbs | 373.00-420.00 | 600-700 lbs | 370.00-426.00 |
| 800-900 lbs | 344.00-380.00 | 700-800 lbs | 330.00-395.00 |
| 900-1000 lbs | 319.50-351.00 | 800-900 lbs | 317.00-333.00 |
Oklahoma National Stockyards
5,867 Oklahoma City, OK
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 600-700 lbs | 409.00-463.00 | 400-500 lbs | 480.00-527.00 |
| 700-800 lbs | 363.00-408.00 | 500-600 lbs | 401.00-457.50 |
| 800-900 lbs | 346.00-385.00 | 600-700 lbs | 362.00-413.00 |
| 900-1000 lbs | 319.50-349.00 | 700-800 lbs | 344.00-369.00 |
| 1000-1100 lbs | 314.00-316.50 | 800-900 lbs | 330.00-338.50 |
Sioux Falls Regional
3,237 Worthing, SD
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 482.50-540.00 | 500-600 lbs | 420.00-455.00 |
| 600-700 lbs | 427.50-475.00 | 600-700 lbs | 387.50-415.00 |
| 700-800 lbs | 383.50-408.00 | 700-800 lbs | 357.00-383.50 |
| 800-900 lbs | 354.00-387.00 | 800-900 lbs | 324.00-338.00 |
| 900-1000 lbs | 323.00-358.00 | 900-1000 lbs | 314.00-316.00 |
CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT
Tuesday
| Live Cattle | Change | Feeder Cattle | Change | ||
| Apr | 247.425 | 2.175 ▼ | Apr | 366.575 | 2.300 ▼ |
| Jun | 243.550 | 2.525 ▼ | May | 358.550 | 2.550 ▼ |
| Aug | 239.700 | 1.900 ▼ | Aug | 358.950 | 2.400 ▼ |
CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS
Tuesday
| Corn | Change | Soy Beans | Change | ||
| May | 4.5375 | 0.0175 ▲ | May | 11.7450 | 0.0875 ▲ |
| Jul | 4.6200 | 0.0175 ▲ | Jul | 11.9025 | 0.0850 ▲ |
| Sep | 4.6575 | 0.0200 ▲ | Aug | 11.8400 | 0.0825 ▲ |
KANSAS CITY BOARD OF TRADE
Tuesday
| Wheat | Change | ||||
| May | 6.4350 | 0.0850 ▲ | |||
| Jul | 6.5575 | 0.0825 ▲ | |||
| Sep | 6.6775 | 0.0850 ▲ | |||
ESTIMATED DAILY CATTLE SLAUGHTER
| Tuesday | 111,000 | Monday |
| Week Ago (est) | 112,000 | Steer & Heifer: 80,000 |
| Year Ago (act) | 121,000 | Cow & Bull: 17,000 |
| Wk To Date (est) | 208,000 | |
| Last Week (est) | 216,000 | |
| Last Year (est) | 225,000 |
Tuesday, April 21
5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE
| As of 10:00 am | Head Count | Avg Weight | Avg Price |
| Live Steer | 131 | 1,450 | 246.00 |
| Live Heifer | 141 | 1,300 | 246.00 |
| Dressed Steer | - | - | - |
| Dressed Heifer | - | - | - |
DAILY ESTIMATED CUTOUT VALUES
| 600-900# | Choice | Select | Choice/Select Spread |
| Current Cutout Values: | 386.18 | 387.20 | -1.02 |
| Change from prior day: | +2.62 ▲ | +3.59 ▲ |
DAILY CATTLE SLAUGHTER
| Tuesday | 111,000 | Monday |
| Week Ago (est) | 112,000 | Steer & Heifer: 80,000 |
| Year Ago (act) | 121,329 | Cow & Bull: 17,000 |
| Wk To Date (est) | 208,000 | |
| Last Week (est) | 216,000 | |
| Last Year (est) | 225,274 |
Tuesday, April 21
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