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WEDNESDAY WIRE
MARKET REPORT
WEATHER 20/20 REPORT
AGRICULTURE
USA LABEL BOOSTS PRODUCER TRANSPARENCY
FARMERS REJECT AI LAND BUYOUT
FUEL COSTS SURGE AHEAD PLANTING
FINANCE
DAILY REPORTING
JULY CORN SIGNALS LAST CALL
CORN GAINS WHILE MARKETS WAVER
STRIKE TIGHTENS CAPACITY, MARGINS RISE
Introducing CattleChannel: A New Way to CattleUSA
Gas prices remain a highly visible strain on household budgets, but this map shows just how uneven that burden is across the country. As of March 11th, the national average climbed to $3.58 per gallon, with California standing alone above $5 while much of the Plains and Midwest stayed near the low-$3 range—highlighting a more than $2 gap between the highest- and lowest-cost states. Since March 11, prices have shown signs of easing as geopolitical tensions in the Middle East cooled and crude oil pulled back from recent highs. While the national average has edged slightly lower in recent days, regional disparities remain firmly in place, with the West still leading the nation in higher fuel costs. 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, March 24
AUCTION SUMMARY
Joplin Regional Stockyards
8,912 Carthage, MO
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 445.00-550.00 | 400-500 lbs | 480.00-560.00 |
| 600-700 lbs | 410.00-470.00 | 500-600 lbs | 402.00-495.00 |
| 700-800 lbs | 361.00-405.00 | 600-700 lbs | 365.00-405.00 |
| 800-900 lbs | 332.00-373.00 | 700-800 lbs | 331.00-367.50 |
| 900-1000 lbs | 318.00-336.00 | 800-900 lbs | 322.00-337.00 |
Oklahoma National Stockyards
5,370 Oklahoma City, OK
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 600-700 lbs | 399.00-470.00 | 400-500 lbs | 457.50-517.50 |
| 700-800 lbs | 350.00-405.00 | 500-600 lbs | 390.00-467.50 |
| 800-900 lbs | 329.00-359.00 | 600-700 lbs | 352.00-417.00 |
| 900-1000 lbs | 310.00-336.00 | 700-800 lbs | 323.00-360.00 |
| 1000-1100 lbs | 305.00-309.50 | 800-900 lbs | 307.00-331.00 |
Sioux Falls Regional
3,577 Worthing, SD
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 455.00-502.50 | 500-600 lbs | 400.00-460.00 |
| 600-700 lbs | 408.00-459.00 | 600-700 lbs | 372.50-424.00 |
| 700-800 lbs | 364.00-420.00 | 700-800 lbs | 334.00-389.00 |
| 800-900 lbs | 345.00-383.00 | 800-900 lbs | 306.00-333.00 |
| 900-1000 lbs | 287.00-343.00 | 900-1000 lbs | 291.00-306.50 |
CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT
Tuesday
| Live Cattle | Change | Feeder Cattle | Change | ||
| Apr | 235.375 | 0.075 ▲ | Mar | 360.300 | 1.850 ▲ |
| Jun | 234.600 | 0.050 ▼ | Apr | 354.450 | 1.975 ▲ |
| Aug | 232.100 | 0.350 ▲ | May | 350.700 | 2.350 ▲ |
CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS
Tuesday
| Corn | Change | Soy Beans | Change | ||
| May | 4.6250 | 0.0300 ▲ | May | 11.5500 | 0.0850 ▼ |
| Jul | 4.7250 | 0.0200 ▲ | Jul | 11.7150 | 0.0750 ▼ |
| Sep | 4.7500 | 0.0250 ▲ | Aug | 11.6675 | 0.0625 ▼ |
KANSAS CITY BOARD OF TRADE
Tuesday
| Wheat | Change | ||||
| May | 6.0400 | 0.0075 ▲ | |||
| Jul | 6.1975 | 0.0150 ▲ | |||
| Sep | 6.3450 | 0.0175 ▲ | |||
ESTIMATED DAILY CATTLE SLAUGHTER
| Tuesday | 107,000 | Monday |
| Week Ago (est) | 105,000 | Steer & Heifer: 87,000 |
| Year Ago (act) | 126,000 | Cow & Bull: 18,000 |
| Wk To Date (est) | 212,000 | |
| Last Week (est) | 203,000 | |
| Last Year (est) | 243,000 |
Tuesday, March 24
5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE
| As of 10:00 am | Head Count | Avg Weight | Avg Price |
| Live Steer | 96 | 1,575 | 236.00 |
| Live Heifer | - | - | - |
| Dressed Steer | - | - | - |
| Dressed Heifer | - | - | - |
DAILY ESTIMATED CUTOUT VALUES
| 600-900# | Choice | Select | Choice/Select Spread |
| Current Cutout Values: | 399.91 | 394.50 | 5.41 |
| Change from prior day: | +0.78 ▲ | +0.67 ▲ |
DAILY CATTLE SLAUGHTER
| Tuesday | 107,000 | Monday |
| Week Ago | 105,000 | Steer & Heifer: 87,000 |
| Year Ago (act) | 125,648 | Cow & Bull: 18,000 |
| Week To Date | 212,000 | |
| Same Period Last Week | 203,000 | |
| Same Period Last Year | 243,286 |
Tuesday, March 24
Tomorrow!
Protecting Yearling Cattle in Today's Market
📅 Thursday, March 26 | 11:00 - 11:30 AM CST
Join us for a quick 30‑minute webinar on the feeder cattle outlook and how Livestock Risk Protection (LRP) can help you protect margins on summer and fall yearlings.
We’ll cover the basics of LRP, how it compares with put options and ways producers are using trading strategies to strengthen their marketing plans.
You'll learn:
✔ Key trends shaping the feeder cattle market
✔ How LRP helps protect yearling prices
✔ How LRP compares with puts
✔ Practical ways to add LRP to your marketing plan
Save your spot and strengthen your risk management approach.
Click here to connect with a CattleUSA Insurance representative
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results.
Review our full disclaimer at https://www.logicag.com/disclaimer
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