- LIMITED ACCESS -
WEDNESDAY WIRE
MARKET REPORT
WEATHER 20/20 REPORT
AGRICULTURE
REGENERATIVE COFFEE INVESTMENT POTENTIAL
REIMAGINING OUR FOOD SYSTEM
NCBA URGES CONGRESSIONAL SUPPORT
FINANCE
DAILY REPORTING
INFLATION COOLS, TARIFF RISKS LINGER
TARIFFS SLAM COMMODITY FUNDS
GRAINS DIP, CORN FORECAST CLIMBS
This map covers the top marginal income tax rate measured in percentage points since 2000. It’s hard to believe some states have stayed the same for 25 years! Ups or downs, one saying still rings true: “Nothing can be said to be certain, except death and taxes.”
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Tuesday, May 13
AUCTION SUMMARY
Joplin Regional Stockyards
9,196 Carthage, MO
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 400-500 lbs | 425.00-490.00 | 400-500 lbs | 370.00-445.00 |
| 500-600 lbs | 375.00-450.00 | 500-600 lbs | 321.00-385.00 |
| 600-700 lbs | 331.00-405.00 | 600-700 lbs | 300.00-330.00 |
| 700-800 lbs | 300.00-335.00 | 700-800 lbs | 272.00-317.00 |
| 800-900 lbs | 285.00-306.00 | 800-900 lbs | 253.50-276.50 |
Oklahoma National Stockyards
6,387 Oklahoma City, OK
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 400-500 lbs | 420.00-447.50 | 400-500 lbs | 367.00-387.00 |
| 500-600 lbs | 363.00-409.00 | 500-600 lbs | 322.00-369.00 |
| 600-700 lbs | 320.00-368.00 | 600-700 lbs | 293.00-339.00 |
| 700-800 lbs | 303.00-330.00 | 700-800 lbs | 275.00-312.00 |
| 800-900 lbs | 280.00-307.00 | 800-900 lbs | 253.00-277.50 |
Sioux Falls Regional Auction
4,881 Worthing, SD
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 384.00-450.00 | 500-600 lbs | 336.00-365.00 |
| 600-700 lbs | 360.00-379.00 | 600-700 lbs | 297.00-343.00 |
| 700-800 lbs | 308.00-358.00 | 700-800 lbs | 287.00-319.00 |
| 800-900 lbs | 292.00-317.00 | 800-900 lbs | 271.00-285.00 |
| 900-1000 lbs | 278.00-300.00 | 900-1000 lbs | 243.00-275.00 |
CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT
Tuesday
| Live Cattle | Change | Feeder Cattle | Change | ||
| Jun | 216.325 | 0.500 ▼ | May | 302.825 | 0.275 ▼ |
| Aug | 211.625 | 0.025 ▲ | Aug | 306.000 | 0.375 ▼ |
| Oct | 208.450 | unchanged | Sep | 305.050 | 0.050 ▼ |
CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS
Tuesday
| Corn | Change | Soy Beans | Change | ||
| May | 4.3600 | 0.0425 ▼ | May | 10.6725 | 0.0125 ▲ |
| Jul | 4.4250 | 0.0550 ▼ | Jul | 10.7250 | 0.0125 ▲ |
| Sep | 4.2775 | 0.0500 ▼ | Aug | 10.7025 | 0.0200 ▲ |
KANSAS CITY BOARD OF TRADE
Tuesday
| Wheat | Change | ||||
| May | 5.0200 | 0.0375 ▲ | |||
| Jul | 5.1175 | 0.0375 ▲ | |||
| Sep | 5.2625 | 0.0350 ▲ | |||
ESTIMATED DAILY CATTLE SLAUGHTER
| Tuesday | 121,000 | Monday |
| Week Ago (est) | 121,000 | Steer & Heifer: 82,000 |
| Year Ago (act) | 124,000 | Cow & Bull: 17,000 |
| Wk To Date (est) | 220,000 | |
| Last Week (est) | 230,000 | |
| Last Year (est) | 239,000 |
Tuesday, May 13
5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE
| As of 10:00 am | Head Count | Avg Weight | Avg Price |
| Live Steer | 120 | 1,450 | 225.00 |
| Live Heifer | - | - | - |
| Dressed Steer | - | - | - |
| Dressed Heifer | - | - | - |
DAILY ESTIMATED CUTOUT VALUES
| 600-900# | Choice | Select | Choice/Select Spread |
| Current Cutout Values: | 350.10 | 334.47 | 15.63 |
| Change from prior day: | +1.96 ▲ | -0.76 ▼ |
DAILY CATTLE SLAUGHTER
| Tuesday | 121,000 | Monday |
| Week Ago | 121,000 | Steer & Heifer: 82,000 |
| Year Ago (act) | 124,157 | Cow & Bull: 17,000 |
| Week To Date | 220,000 | |
| Same Period Last Week | 230,000 | |
| Same Period Last Year | 238,681 |
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Tuesday, May 13
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