

Consumer prices fell 0.4% in June, the largest monthly decline in more than six years, as lower energy costs pulled annual inflation down to 3.5%. While the report offered some relief, Fed officials cautioned that inflation risks remain, especially if rising tensions in the Middle East push energy prices higher again. Do you think inflation has peaked, or is more volatility ahead? 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, July 14
AUCTION SUMMARY
Joplin Regional Stockyards
6,009 Carthage, MO
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 445.00-540.00 | 400-500 lbs | 455.00-510.00 |
| 600-700 lbs | 402.00-457.00 | 500-600 lbs | 402.00-440.00 |
| 700-800 lbs | 357.00-390.00 | 600-700 lbs | 391.00-435.00 |
| 800-900 lbs | 349.50-377.50 | 700-800 lbs | 371.00 |
| 900-1000 lbs | 330.00-343.50 | 800-900 lbs | 325.00 |
Oklahoma National Stockyards
5,200 Oklahoma City, OK
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 449.00-522.00 | 400-500 lbs | 450.00-497.00 |
| 600-700 lbs | 395.00-455.00 | 500-600 lbs | 395.00-448.00 |
| 700-800 lbs | 360.00-412.00 | 600-700 lbs | 355.00-393.00 |
| 800-900 lbs | 353.00-377.00 | 700-800 lbs | 329.00-357.00 |
| 900-1000 lbs | 324.00-351.00 | 800-900 lbs | 320.00-348.50 |
Sioux Falls Regional
2,796 Worthing, SD
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 495.00 | 500-600 lbs | - |
| 600-700 lbs | 426.00 | 600-700 lbs | 425.00 |
| 700-800 lbs | 379.00-388.00 | 700-800 lbs | 350.00-392.00 |
| 800-900 lbs | 345.00-365.00 | 800-900 lbs | 324.00-331.00 |
| 900-1000 lbs | 329.00-343.00 | 900-1000 lbs | 305.00-311.00 |
CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT
Tuesday
| Live Cattle | Change | Feeder Cattle | Change | ||
| Aug | 231.425 | 3.300 ▼ | Aug | 348.800 | 5.550 ▼ |
| Oct | 227.650 | 2.975 ▼ | Sep | 344.850 | 5.975 ▼ |
| Dec | 227.300 | 3.100 ▼ | Oct | 340.525 | 6.325 ▼ |
CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS
Tuesday
| Corn | Change | Soy Beans | Change | ||
| Jul | 4.3375 | 0.0400 ▼ | Jul | 12.0725 | 0.0525 ▲ |
| Sep | 4.3850 | 0.0250 ▼ | Aug | 11.9275 | 0.0400 ▼ |
| Dec | 4.6050 | 0.0275 ▼ | Sep | 11.8125 | 0.0400 ▼ |
KANSAS CITY BOARD OF TRADE
Tuesday
| Wheat | Change | ||||
| Jul | 6.6425 | 0.0900 ▲ | |||
| Sep | 6.7800 | 0.1175 ▲ | |||
| Dec | 6.9250 | 0.1125 ▲ | |||
ESTIMATED DAILY CATTLE SLAUGHTER
| Tuesday | 111,000 | Monday |
| Week Ago (est) | 110,000 | Steer & Heifer: 88,000 |
| Year Ago (act) | 119,000 | Cow & Bull: 17,000 |
| Wk To Date (est) | 216,000 | |
| Last Week (est) | 210,000 | |
| Last Year (est) | 231,000 |

Tuesday, July 14
5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE
| As of 10:00 am | Head Count | Avg Weight | Avg Price |
| Live Steer | 69 | 1,524 | 244.49 |
| Live Heifer | - | - | - |
| Dressed Steer | - | - | - |
| Dressed Heifer | - | - | - |
DAILY ESTIMATED CUTOUT VALUES
| 600-900# | Choice | Select | Choice/Select Spread |
| Current Cutout Values: | 373.95 | 364.41 | 9.54 |
| Change from prior day: | -1.66 ▼ | -0.76 ▼ |
DAILY CATTLE SLAUGHTER
| Tuesday | 111,000 | Monday |
| Week Ago (est) | 110,000 | Steer & Heifer: 88,000 |
| Year Ago (act) | 118,796 | Cow & Bull: 17,000 |
| Wk To Date (est) | 216,000 | |
| Last Week (est) | 210,000 | |
| Last Year (est) | 230,541 |
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