![]() USDA reported Wholesale Boxed Beef prices were 30 cents weaker in Choice and $1.47 lower in Select on Monday afternoon. The CME Feeder Cattle Index for 8/3 increased by 90 cents to $245.84. USDA’s OKC Feeder Auction review mentioned decent demand with 6,500 head sold – 42% heifers and 51% over 600lbs. USDA reported cash trading picked up on Friday with sales made mostly near $188 in the North and limited volume near $178 to $179 in the South.įeeder cattle settled with $2.55 to $2.62 losses across the front months. Cash trade activity was quiet on August’s FND. Live cattle futures dropped $1 to $1.47 on Monday. Triple Digit Pullback from Cattle Futures For more information please view the Barchart Disclosure Policy here. All information and data in this article is solely for informational purposes. On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. Sep 23 MGEX Wheat closed at $8.24 1/4, up 2 cents, Ukraine’s Ag Ministry reported harvest reached 3.7m HA through 8/4, bringing in 16.6 MMT of grain. The European Commission reported wheat exports reached 2.35 MMT for the first month of 23/24. The season’s wheat shipments reached 3.016 MMT, trailing last year’s pace by 493,848 MT. ![]() The report had 123k MT of the total as SRW, with 75k MT HRS for the week. ![]() That was a drop from 585k MT the week prior, and was well below the 636k MT shipped during the same week last year. USDA’s Export Inspections data had 275,067 MT of wheat shipments for the week that ended 8/3. Conditions have degraded all but one week since NASS tracking began for the 23/24 crop – for a net 49 point drop. Spring wheat conditions declined another 6 points on the Brugler500 Index to 319. Spring wheat harvest was 11% complete, up from 2% last week and 3ppts behind the average pace. That is up 7% points for the week, and trails the 5-yr average pace by 1% point. NASS reported the winter wheat harvest at 87% complete as of 8/6. Spring wheat futures were firmer, ended the session 1 3/4 to 5 1/4 cents in the black. KC HRW prices were up by 10 to 17 1/4 cents on Monday. SRW prices were 23 to 3.8% higher at the closing bell, as December printed a 20 3/4 cent gain. (St.The wheat futures market paused and faded in the afternoon, but held on to double digit gains for the close. Springfield Livestock Marketing Center (Springfield, MO) Hub City Livestock Auction (Aberdeen, SD) Humeston Livestock Exchange (Humeston, IA)Ĭleveland County Agriculture Livestock Exchange (Shelby, NC) OKC West Livestock Market LLC (El Reno, OK) Ozarks Regional Stockyard (West Plains, MO)Ĭentral Livestock Association (Zumbrota, MN)įarmers Stockyards Inc. had doughed by August 6th, compared to 29% last week and 42% last year. The five-year average is 63% CORN PROGRESS: 47% of the corn in the U.S. ![]() had set pods by August 6th, compared to 50% last week and 59% last year. The average price for the top 10 steer strings sold on Monday was $246.50 PASTURE CONDITIONS: 38% of the pasture in the United States is rated as good or excellent, compared to 39% last week and 24% last year SPRING WHEAT CONDITION: 41% of the spring wheat crop in the United States is rated as good or excellent, compared to 42% last week and 64% last year SOYBEAN CONDITION: 54% of the soybean crop in the United States is rated as good or excellent, compared to 52% last week and 59% last year CORN CONDITION: 57% of the corn crop in the United States is rated as good or excellent, compared to 55% last week and 58% last yea5 SOYBEAN PROGRESS: 66% of the soybeans in the U.S. The second largest string was 247 heifers (891#) from Worthing, South Dakota at $224.50 NATIONAL STEER TRACKER: The largest steer string sold on Monday on the National Steer Tracker (700-899#) was 288 steers (810#) from Joplin, Missouri at $247.00. Diesel prices up 11 cents this week to $4.24, down $0.75 from last year (Hot temps getting blamed for high prices) NATIONAL CATTLE TRACKER: The largest steer and heifer string sold on Monday was 288 steers (810#) from Joplin, Missouri at $247.00. CATTLE REPORT: 5 out of top 10 calf sales at $300+, new record high in Missouri Cattle slaughter starts week super slow at 116K hd Hot temps getting blamed for high gas prices, seriously? 44 steers (481#) from Kingdom City, Missouri at $333.50 Gas prices up 7 cents this week to $3.83, down $0.21 from last year. ![]()
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