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WEDNESDAY WIRE
MARKET REPORT
WEATHER 20/20 REPORT
AGRICULTURE
FDA EXPANDS SCREWWORM TREATMENT ACCESS
MINNESOTA REJECTS CHECKOFF INCREASE
DEERE FACES NEW REPAIR LAWSUIT
FINANCE
DAILY REPORTING
CHINA DEAL FUELS GRAIN RALLY
FEEDERS RALLY ON CASH STRENGTH
IRAN CONFLICT RATTLES GLOBAL MARKETS
Introducing CattleChannel: A New Way to CattleUSA
Last updated 5/18
Tuesday, May 19
AUCTION SUMMARY
Joplin Regional Stockyards
10,397 Carthage, MO
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 600-700 lbs | 410.00-475.00 | 400-500 lbs | 465.00-540.00 |
| 700-800 lbs | 372.00-420.00 | 500-600 lbs | 405.00-450.00 |
| 800-900 lbs | 347.00-374.00 | 600-700 lbs | 365.00-419.00 |
| 900-1000 lbs | 331.00-347.00 | 700-800 lbs | 336.00-367.00 |
| 1000-1100 lbs | 312.00-320.00 | 800-900 lbs | 323.00-337.00 |
Oklahoma National Stockyards
7,116 Oklahoma City, OK
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 440.00-506.00 | 500-600 lbs | 397.00-462.50 |
| 600-700 lbs | 390.00-456.00 | 600-700 lbs | 360.00-401.00 |
| 700-800 lbs | 363.00-401.00 | 700-800 lbs | 331.00-365.50 |
| 800-900 lbs | 337.00-373.50 | 800-900 lbs | 317.00-342.50 |
| 900-1000 lbs | 330.00-356.00 | 900-1000 lbs | 306.50-321.00 |
Russell Livestock
3,994 Russell, IA
Monday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 400-500 lbs | 550.00-620.00 | 400-500 lbs | 480.00-555.00 |
| 500-600 lbs | 471.00-533.00 | 500-600 lbs | 428.00-485.00 |
| 600-700 lbs | 424.00-483.00 | 600-700 lbs | 383.00-446.00 |
| 700-800 lbs | 381.00-433.00 | 700-800 lbs | 340.00-382.50 |
| 800-900 lbs | 379.50-389.75 | 800-900 lbs | 315.00-330.00 |
CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT
Tuesday
| Live Cattle | Change | Feeder Cattle | Change | ||
| Jun | 254.550 | 1.175 ▲ | May | 369.575 | 0.775 ▲ |
| Aug | 247.250 | 0.100 ▲ | Aug | 363.650 | 4.800 ▲ |
| Oct | 239.300 | 0.350 ▲ | Sep | 361.000 | 4.800 ▲ |
CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS
Tuesday
| Corn | Change | Soy Beans | Change | ||
| Jul | 4.7525 | 0.0175 ▼ | Jul | 12.0950 | 0.0350 ▼ |
| Sep | 4.8150 | 0.0075 ▼ | Aug | 12.0975 | 0.0125 ▼ |
| Dec | 4.9775 | 0.0025 ▼ | Sep | 11.9725 | 0.0200 ▲ |
KANSAS CITY BOARD OF TRADE
Tuesday
| Wheat | Change | ||||
| Jul | 7.0375 | unchanged | |||
| Sep | 7.1400 | 0.0025 ▲ | |||
| Dec | 7.2725 | 0.0025 ▼ | |||
ESTIMATED DAILY CATTLE SLAUGHTER
| Tuesday | 110,000 | Monday |
| Week Ago (est) | 108,000 | Steer & Heifer: 86,000 |
| Year Ago (act) | 122,000 | Cow & Bull: 17,000 |
| Wk To Date (est) | 213,000 | |
| Last Week (est) | 210,000 | |
| Last Year (est) | 236,000 |
Tuesday, May 19
5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE
| As of 10:00 am | Head Count | Avg Weight | Avg Price |
| Live Steer | 40 | 1,450 | 262.50 |
| Live Heifer | - | - | - |
| Dressed Steer | - | - | - |
| Dressed Heifer | - | - | - |
DAILY ESTIMATED CUTOUT VALUES
| 600-900# | Choice | Select | Choice/Select Spread |
| Current Cutout Values: | 395.75 | 393.58 | 2.17 |
| Change from prior day: | +3.61 ▲ | +3.35 ▲ |
DAILY CATTLE SLAUGHTER
| Tuesday | 110,000 | Monday |
| Week Ago (est) | 108,000 | Steer & Heifer: 86,000 |
| Year Ago (act) | 122,048 | Cow & Bull: 17,000 |
| Wk To Date (est) | 213,000 | |
| Last Week (est) | 210,000 | |
| Last Year (est) | 236,103 |
Tuesday, May 19
This fast-paced, 30-minute webinar covers critical updates to Livestock Risk Protection (LRP), how the 2026 changes will impact producers, and how to strengthen your coverage strategy amid drought, natural disasters, and market volatility.
Whether you’re new to LRP, looking to better understand the 2026 updates, or preparing for an agency transfer, now is the time to act.
You’ll learn:
2026 LRP updates, including changes for fed cattle and unborn calves
Clarifications to forage disaster exemptions for extended drought and natural disasters
Options to market cattle earlier under qualifying conditions without losing LRP eligibility
How PRF coverage complements drought-related risk management strategies
Updates to beginning farmer and rancher subsidies tied to recent legislation
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
INTERNATIONAL PRECIPITATION NEXT 15 DAYS
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CattleUSA Daily Podcast:
If you or someone you know would be interested in hopping on the mic to share your story, please contact us at [email protected]. — Video streaming weekdays on YouTube @cattleusatv. Audio available on Spotify, Apple Podcasts & all major streaming platforms.
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