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WEDNESDAY WIRE

MARKET REPORT

WEATHER 20/20 REPORT

AGRICULTURE

  • LEGACY LIVES ON

  • LOCAL PROCESSING MATTERS

  • FERTILIZER RELIEF UNCERTAIN

FINANCE

  • DAILY REPORTING

  • NEW BEEF CONTRACTS

  • USDA REPORTS RELEASED

  • STRENGTHEN WORKING CAPITAL

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WEDNESDAY WIRE: CHARTS & TRENDS

Looking at the full second quarter, there's a clear story: a strong rally through mid-April, a pullback and choppy trading through May and early June, followed by a powerful late-June recovery that pushed the index to a new quarterly high before easing slightly at month-end.

Join the conversation - comment online!

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 07

AUCTION SUMMARY

Joplin Regional Stockyards

5,561 Carthage, MO

Monday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
500-600 lbs 460.00-555.00 400-500 lbs 455.00-515.00
600-700 lbs 400.00-460.00 500-600 lbs 410.00-475.00
700-800 lbs 365.00-416.00 600-700 lbs 385.00-432.00
800-900 lbs 353.00-377.00 700-800 lbs 342.00-377.00
900-1000 lbs 335.00-362.00 800-900 lbs 328.00-339.50

Callaway Livestock Center

2,894 Kingdom City, MO

Monday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
300-400 lbs 642.00-672.00 300-400 lbs 530.00-565.00
400-500 lbs 570.00-624.00 400-500 lbs 482.50-542.50
500-600 lbs 483.00-570.00 500-600 lbs 430.00-509.00
600-700 lbs 429.00-480.00 600-700 lbs 381.50-443.00
700-800 lbs 384.00-436.25 700-800 lbs -

Oklahoma National Stockyards

952 Oklahoma City, OK

Monday

Feeder Steers - Medium & Large #1 Feeder Heifers - Medium & Large #1
500-600 lbs 437.00-495.00 300-400 lbs -
600-700 lbs 417.00-435.00 400-500 lbs 460.00-470.00
700-800 lbs 360.00-387.00 500-600 lbs 380.00-410.00
800-900 lbs 340.50 600-700 lbs 341.00-397.00
900-1000 lbs 325.25 700-800 lbs -

CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT

Tuesday

Live Cattle Change  Feeder Cattle Change
Aug 238.425 0.675 Aug 360.650 0.150
Oct 234.025 0.625 Sep 357.400 0.475
Dec 234.000 0.475 Oct 353.775 1.025

CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS

Tuesday

Corn Change  Soy Beans Change
Jul 4.4250 0.0175 Jul 11.9675 0.1450
Sep 4.4375 0.0550 Aug 11.9375 0.0975
Dec 4.6425 0.0650 Sep 11.8700 0.0600

KANSAS CITY BOARD OF TRADE

Tuesday

  Wheat Change
Jul 6.3975 0.0125
Sep 6.5275 0.0300
Dec 6.6725 0.0300

ESTIMATED DAILY CATTLE SLAUGHTER

Tuesday 110,000 Monday
Week Ago (est)110,000 Steer & Heifer: 87,000
Year Ago (act)119,000 Cow & Bull: 13,000
Wk To Date (est)210,000  
Last Week (est)214,000  
Last Year (est)232,000  

Tuesday, July 07

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: 385.77 365.89 19.88
Change from prior day: -0.71 +0.02  

DAILY CATTLE SLAUGHTER

Tuesday 110,000 Monday
Week Ago (est)110,000 Steer & Heifer: 87,000
Year Ago (act)118,829 Cow & Bull: 13,000
Wk To Date (est)210,000  
Last Week (est)214,000  
Last Year (est)231,970  

Tuesday, July 07

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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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WEATHER 20/20 REPORT

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