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WEDNESDAY WIRE: CHARTS & TRENDS

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?

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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, 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 amHead CountAvg WeightAvg Price
Live Steer 69 1,524 244.49
Live Heifer - - -
Dressed Steer - - -
Dressed Heifer - - -

DAILY ESTIMATED CUTOUT VALUES

600-900#ChoiceSelectChoice/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  

Tuesday, July 14

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