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WEDNESDAY WIRE

MARKET REPORT

WEATHER 20/20 REPORT

AGRICULTURE

TECH SUPPORTS PUBLIC LAND GRAZING
WILDFIRES ADD STRAIN FOR RANCHERS
USDA SETS 2026 FARM PRIORITIES

FINANCE

DAILY REPORTING
MEXICO BAN RESHAPES FEEDLOT SUPPLY
MARKETS MIXED AMID GLOBAL TENSIONS
MIDDLE EAST CONFLICT ON STOCKS

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WEDNESDAY WIRE: CHARTS & TRENDS

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Over the past four decades, the global economic landscape has shifted significantly, though the United States has remained the world’s largest economy, growing from about $2.9 trillion in 1980 to over $30.6 trillion by 2025. China represents the most dramatic rise—climbing from outside the top five to second place—while emerging economies like India, Brazil, and Indonesia have steadily gained ground in the global rankings.

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DAILY MARKET SUMMARY

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_{Tuesday, March 03}

AUCTION SUMMARY

Joplin Regional Stockyards

9,980 Carthage, MO

Monday

Feeder Steers - Medium & Large #1		Feeder Heifers - Medium & Large #1
500-600 lbs	445.00-530.00	400-500 lbs	450.00-510.00
600-700 lbs	400.00-457.00	500-600 lbs	390.00-470.00
700-800 lbs	360.00-417.00	600-700 lbs	353.00-420.00
800-900 lbs	335.00-367.50	700-800 lbs	341.00-370.00
900-1000 lbs	321.00-334.00	800-900 lbs	321.00-325.00

Oklahoma National Stockyards

5,946 Oklahoma City, OK

Monday

Feeder Steers - Medium & Large #1		Feeder Heifers - Medium & Large #1
500-600 lbs	463.00-533.00	400-500 lbs	447.00-535.00
600-700 lbs	405.00-477.00	500-600 lbs	393.00-482.00
700-800 lbs	359.00-404.00	600-700 lbs	358.50-422.00
800-900 lbs	332.50-372.50	700-800 lbs	322.00-379.00
900-1000 lbs	304.00-331.50	800-900 lbs	304.00-328.00

Russell Livestock

3,611 Russell, IA

Monday

Feeder Steers - Medium & Large #1		Feeder Heifers - Medium & Large #1
500-600 lbs	451.00-510.00	400-500 lbs	435.00-515.00
600-700 lbs	410.75-463.00	500-600 lbs	405.00-460.00
700-800 lbs	360.00-412.00	600-700 lbs	365.00-420.00
800-900 lbs	329.00-372.50	700-800 lbs	325.00-368.00
900-1000 lbs	330.75-338.50	800-900 lbs	309.00-328.00

CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT

Tuesday

Live Cattle		Change	Feeder Cattle		Change
Apr	234.125	1.025 ▲	Mar	357.200	0.075 ▼
Jun	230.675	1.025 ▲	Apr	353.300	0.025 ▼
Aug	228.900	0.725 ▲	May	349.350	0.125 ▼

CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS

Tuesday

Corn		Change	Soy Beans		Change
Mar	4.3425	0.0100 ▲	Mar	11.5575	0.0575 ▲
May	4.4650	0.0075 ▲	May	11.7050	0.0650 ▲
Jul	4.5550	0.0125 ▲	Jul	11.8325	0.0625 ▲

KANSAS CITY BOARD OF TRADE

Tuesday

Wheat		Change
Mar	5.7050	0.0350 ▲
May	5.7825	0.0350 ▲
Jul	5.9150	0.0325 ▲

ESTIMATED DAILY CATTLE SLAUGHTER

Tuesday	109,000	Monday
Week Ago (est)	111,000	Steer & Heifer: 83,000
Year Ago (act)	121,000	Cow & Bull: 19,000
Wk To Date (est)	211,000
Last Week (est)	217,000
Last Year (est)	226,000

_{Tuesday, March 03}

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:	388.05	378.58	9.47
Change from prior day:	+6.71 ▲	+0.37 ▲

DAILY CATTLE SLAUGHTER

Tuesday	109,000	Monday
Week Ago	111,000	Steer & Heifer: 83,000
Year Ago (act)	121,071	Cow & Bull: 19,000
Week To Date	211,000
Same Period Last Week	217,000
Same Period Last Year	225,835

_{Tuesday, March 03}

In Case You Missed It!

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WEATHER 20/20 REPORT

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AGRICULTURE NEWS

FINANCE NEWS

CattleUSA Daily Podcast:

276: EPA Reversal: What It Means for Diesel, DEF, and Agriculture with Emma Coffman

274: The EPA Just Flipped the Switch: What It Means for Diesel and Cattle with John Campbell

273: Cattle Markets Stay Choppy and Dan Declares War on Nebraska with Dan and Samantha

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