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WEDNESDAY WIRE: CHARTS & TRENDS

Drought can force tough herd-management decisions, but having a stocking strategy in place can help producers respond as forage conditions change. Whether using a conservative or flexible approach, options like early weaning, culling open cows, adjusting replacement heifers, or adding stockers in better years can help match cattle numbers to available forage.

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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!

DAILY MARKET SUMMARY

Tuesday, August 18

AUCTION SUMMARY

Joplin Regional Stockyards

4,043 Carthage, MO

Monday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
500-600 lbs 400.00-470.00 400-500 lbs 420.00-430.00
600-700 lbs 375.00-407.00 500-600 lbs 360.00-400.00
700-800 lbs 334.00-374.00 600-700 lbs 345.00-365.00
800-900 lbs 318.00-335.00 700-800 lbs 328.00-330.00
900-1000 lbs 306.25-325.50 800-900 lbs 312.00-316.00

Sioux Falls Regionals

3,173 Worthing, SD

Monday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
500-600 lbs - 500-600 lbs 393.00-410.00
600-700 lbs 410.00 600-700 lbs 380.00-400.00
700-800 lbs 353.00 700-800 lbs 302.00-347.00
800-900 lbs 305.00-350.00 800-900 lbs 287.75-310.00
900-1000 lbs 309.00-318.00 900-1000 lbs 280.00-289.00

Oklahoma National Stockyards

2,921 Oklahoma City, OK

Monday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
500-600 lbs 388.00-435.00 500-600 lbs 362.00-384.00
600-700 lbs 353.00-402.00 600-700 lbs 334.00-373.00
700-800 lbs 340.00-376.00 700-800 lbs 319.00-333.00
800-900 lbs 321.00-346.50 800-900 lbs 313.00-323.00
900-1000 lbs 305.00-329.25 900-1000 lbs 290.00-296.00

CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT

Tuesday

Live Cattle Change  Feeder Cattle Change
Aug 224.900 0.350 Aug 339.225 0.750
Oct 218.925 0.150 Sep 333.350 0.400
Dec 219.200 0.800 Oct 326.325 0.975

CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS

Tuesday

Corn Change  Soy Beans Change
Sep 4.6325 0.0175 Sep 12.0075 0.0025
Dec 4.8800 0.0150 Nov 12.1675 0.0075
Mar 5.0400 0.0125 Jan 12.3150 0.0050

KANSAS CITY BOARD OF TRADE

Tuesday

  Wheat Change
Sep 7.4375 0.1500
Dec 7.5850 0.1325
Mar 7.7150 0.1150

ESTIMATED DAILY CATTLE SLAUGHTER

Tuesday 106,000 Monday
Week Ago (est)108,000 Steer & Heifer: 82,000
Year Ago (act)118,000 Cow & Bull: 15,000
Wk To Date (est)203,000
Last Week (est)204,000  
Last Year (est)218,000 

Tuesday, August 18

5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE

As of 10:00 amHead CountAvg WeightAvg Price
Live Steer - - -
Live Heifer - - -
Dressed Steer - - -
Dressed Heifer - - -

DAILY ESTIMATED CUTOUT VALUES

600-900#ChoiceSelectChoice/Select Spread
Current Cutout Values: 391.15 366.29 24.86
Change from prior day: +11.58 +2.03  

DAILY CATTLE SLAUGHTER

Tuesday 106,000 Monday
Week Ago (est)108,000 Steer & Heifer: 82,000
Year Ago (act)118,234 Cow & Bull: 15,000
Wk To Date (est)203,000
Last Week (est)204,000  
Last Year (est)218,217 

Tuesday, August 18

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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.

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