WEDNESDAY WIRE
MARKET REPORT
WEATHER 20/20 REPORT
AGRICULTURE
EARWAX REVOLUTIONIZES LIVESTOCK HEALTH MONITORING
INNOVATION DRIVES AGRICULTURE’S SUSTAINABLE FUTURE
BIOLOGICALS TRANSFORM FUTURE FARMING PRACTICES
FINANCE
DAILY REPORTING
BEEF PRICES NEARING RECORD HIGHS
PRODUCTION SOARS AMID TARIFF UNCERTAINTY
AGRICULTURE POWERS U.S. ECONOMIC ENGINE
Average Gas Prices by State as of February 2025- Recent changes in gas prices have caused some states to experience serious fluctuations in the past year & weeks. What’s it like in your area? Leave your thoughts below or reply to this email. |
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FRIDAY, March 21st - Last Day for Current Annual Rates
Tuesday, March 18
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: | 323.32 | 309.23 | 14.09 |
| Change from prior day: | +2.16 ▲ | +1.33 ▲ |
DAILY CATTLE SLAUGHTER
| Tuesday | 123,000 | Monday |
| Week Ago | 124,000 | Steer & Heifer: 92,000 |
| Year Ago (act) | 122,031 | Cow & Bull: 22,000 |
| Week To Date | 237,000 | |
| Same Period Last Week | 239,000 | |
| Same Period Last Year | 239,868 |
Tuesday, March 18
AUCTION SUMMARY
Joplin Regional Stockyards
9,825 Carthage, MO
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 340.00-415.00 | 400-500 lbs | 335.00-400.00 |
| 600-700 lbs | 307.00-359.00 | 500-600 lbs | 302.00-352.00 |
| 700-800 lbs | 285.00-323.00 | 600-700 lbs | 274.00-314.00 |
| 800-900 lbs | 265.00-293.00 | 700-800 lbs | 256.00-282.00 |
| 900-1000 lbs | 251.00-267.00 | 800-900 lbs | 237.00-257.00 |
Oklahoma National Stockyards
7,800 Oklahoma City, OK
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 400-500 lbs | 342.00-480.00 | 400-500 lbs | 325.00-387.50 |
| 500-600 lbs | 330.00-401.00 | 500-600 lbs | 286.00-343.00 |
| 600-700 lbs | 299.00-348.50 | 600-700 lbs | 270.50-315.00 |
| 700-800 lbs | 276.00-312.00 | 700-800 lbs | 256.00-286.00 |
| 800-900 lbs | 264.50-285.00 | 800-900 lbs | 232.00-257.00 |
Sioux Falls Regional Cattle Auction
2,453 Worthing, SD
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 360.00-395.00 | 500-600 lbs | 305.00-327.50 |
| 600-700 lbs | 330.00-358.00 | 600-700 lbs | 277.00-333.00 |
| 700-800 lbs | 278.00-316.00 | 700-800 lbs | 257.50-294.00 |
| 800-900 lbs | 273.00-287.00 | 800-900 lbs | 245.00-270.00 |
| 900-1000 lbs | 247.00-272.00 | 900-1000 lbs | 226.00 |
CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT
Tuesday
| Live Cattle | Change | Feeder Cattle | Change | ||
| Apr | 205.375 | 0.350 ▲ | Mar | 284.975 | 0.350 ▲ |
| Jun | 201.000 | 0.075 ▼ | Apr | 284.550 | 0.350 ▲ |
| Aug | 198.700 | 0.150 ▼ | May | 285.250 | 0.050 ▼ |
CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS
Tuesday
| Corn | Change | Soy Beans | Change | ||
| May | 4.5875 | 0.0225 ▼ | May | 10.1275 | 0.0275 ▼ |
| Jul | 4.6800 | 0.0200 ▼ | Jul | 10.2650 | 0.0275 ▼ |
| Sep | 4.4725 | 0.0050 ▼ | Aug | 10.2350 | 0.0300 ▼ |
KANSAS CITY BOARD OF TRADE
Tuesday
| Wheat | Change | ||||
| May | 6.0625 | 0.0075 ▲ | |||
| Jul | 6.1900 | 0.0125 ▲ | |||
| Sep | 6.3225 | 0.0150 ▲ | |||
ESTIMATED DAILY CATTLE SLAUGHTER
| Tuesday | 123,000 | Monday |
| Week Ago (est) | 124,000 | Steer & Heifer: 92,000 |
| Year Ago (act) | 122,000 | Cow & Bull: 22,000 |
| Wk To Date (est) | 237,000 | |
| Last Week (est) | 239,000 | |
| Last Year (est) | 240,000 |
Tuesday, March 18
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We are looking at Nebraska, Iowa, Kansas, and Missouri on these predictions. Notice that the updated forecast (From November 1 Model Run) is wetter than the other version (From January-February Model Run).
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