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WEDNESDAY WIRE
MARKET REPORT
WEATHER 20/20 REPORT
AGRICULTURE
PROGRAMS DEVELOP FUTURE LEADERS
RESEARCHERS TARGET CATTLE DISEASE
SCREWWORM CASES CONTINUE RISING
FINANCE
DAILY REPORTING
BEEF DEMAND DEFIES HIGH PRICES
MARKETS AWAIT KEY USDA REPORT
FARM TRANSITION FACES CHALLENGES
Introducing CattleChannel: A New Way to CattleUSA
After reaching a monthly high of 375.54 during the first week of May, the CME Feeder Cattle Index trended lower through mid-month before finding support near 367.63. The index recovered much of the decline late in the month, finishing at 373.40, slightly below its opening value of 374.03. 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, June 09
AUCTION SUMMARY
Joplin Regional Stockyards
8,773 Carthage, MO
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 455.00-540.00 | 300-400 lbs | 530.00-580.00 |
| 600-700 lbs | 400.00-460.00 | 400-500 lbs | 430.00-510.00 |
| 700-800 lbs | 360.00-402.00 | 500-600 lbs | 410.00-460.00 |
| 800-900 lbs | 337.00-377.00 | 600-700 lbs | 352.00-415.00 |
| 900-1000 lbs | 323.00-343.00 | 700-800 lbs | 335.00-377.00 |
Oklahoma National Stockyards
4,540 Oklahoma City, OK
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 422.50-470.00 | 400-500 lbs | 412.00-438.00 |
| 600-700 lbs | 385.00-425.00 | 500-600 lbs | 375.00-412.00 |
| 700-800 lbs | 365.00-387.00 | 600-700 lbs | 350.00-391.00 |
| 800-900 lbs | 331.00-367.00 | 700-800 lbs | 320.00-362.00 |
| 900-1000 lbs | 328.00-348.50 | 800-900 lbs | 305.00-327.25 |
Callaway Livestock Center
3,403 Kingdom City, MO
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 472.50-545.00 | 400-500 lbs | 471.00-520.00 |
| 600-700 lbs | 416.50-478.00 | 500-600 lbs | 428.00-470.00 |
| 700-800 lbs | 370.00-410.50 | 600-700 lbs | 385.00-423.00 |
| 800-900 lbs | 357.10 | 700-800 lbs | - |
| 900-1000 lbs | 323.75-351.50 | 800-900 lbs | - |
CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT
Tuesday
| Live Cattle | Change | Feeder Cattle | Change | ||
| Jun | 248.025 | 1.500 ▲ | Aug | 354.150 | 3.450 ▲ |
| Aug | 239.700 | 2.975 ▲ | Sep | 350.700 | 3.250 ▲ |
| Oct | 232.125 | 2.775 ▲ | Oct | 346.900 | 3.125 ▲ |
CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS
Tuesday
| Corn | Change | Soy Beans | Change | ||
| Jul | 4.1950 | 0.0075 ▲ | Jul | 11.1375 | 0.0200 ▼ |
| Sep | 4.2750 | unchanged | Aug | 11.1875 | 0.0250 ▼ |
| Dec | 4.4525 | 0.0075 ▼ | Sep | 11.1825 | 0.0225 ▼ |
KANSAS CITY BOARD OF TRADE
Tuesday
| Wheat | Change | ||||
| Jul | 6.3075 | 0.0100 ▲ | |||
| Sep | 6.4025 | 0.0050 ▲ | |||
| Dec | 6.5450 | 0.0025 ▲ | |||
ESTIMATED DAILY CATTLE SLAUGHTER
| Tuesday | 109,000 | Monday |
| Week Ago (est) | 110,000 | Steer & Heifer: 84,000 |
| Year Ago (act) | 118,000 | Cow & Bull: 18,000 |
| Wk To Date (est) | 211,000 | |
| Last Week (est) | 214,000 | |
| Last Year (est) | 230,000 |
Tuesday, June 09
5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE
| As of 10:00 am | Head Count | Avg Weight | Avg Price |
| Live Steer | 92 | 1,500 | 253.39 |
| Live Heifer | - | - | - |
| Dressed Steer | 933 | 1,010 | 405.89 |
| Dressed Heifer | 233 | 882 | 405.00 |
DAILY ESTIMATED CUTOUT VALUES
| 600-900# | Choice | Select | Choice/Select Spread |
| Current Cutout Values: | 392.90 | 376.93 | 15.97 |
| Change from prior day: | +0.70 ▲ | -1.16 ▼ |
DAILY CATTLE SLAUGHTER
| Tuesday | 109,000 | Monday |
| Week Ago (est) | 110,000 | Steer & Heifer: 84,000 |
| Year Ago (act) | 118,024 | Cow & Bull: 18,000 |
| Wk To Date (est) | 211,000 | |
| Last Week (est) | 214,000 | |
| Last Year (est) | 229,963 |
Tuesday, June 09
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Updates to beginning farmer and rancher subsidies tied to recent legislation
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Click here to connect with a CattleUSA Insurance representative
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