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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
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!
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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 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 am | Head Count | Avg Weight | Avg Price |
| Live Steer | - | - | - |
| Live Heifer | - | - | - |
| Dressed Steer | - | - | - |
| Dressed Heifer | - | - | - |
DAILY ESTIMATED CUTOUT VALUES
| 600-900# | Choice | Select | Choice/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 |
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