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Date: June 13th, 2022 Cattle futures finished the week lower while lean hogs rebounded some but still finished the week lower. Negotiated cash fed cattle trade was $2 to $3 higher at $137 live in the South and $142 to $143 live in North with dressed trade mostly at $225 to $226. USDA updated the meats balance sheet on Friday morning. Beef production for 2022 increased by 65 mln lbs as well as exports as imports were reduced by 30 mln lbs. Pork production increased by 180 mln lbs but exports down 60 mln while imports increased by 35 mln lbs. Total poultry production decreased by 111 mln lbs but exports increased by 30 mln. For the week, Friday June 3rd through Friday June 10th,…

Date: June 8th, 2022 Smaller show lists and rising boxed beef prices failed to impress live cattle futures on Monday. Fats held firm on Tuesday though, gaining back all that was lost hoping to see at least steady cash trade this week. No trade yet reported but early asking prices $1 to $2 higher than last week in the South. Only light volume trade so far this week in IA though steady to $3 higher than last week at $141 live and $225 to $227 dressed. Corn double digits higher most of the day kept pressure on feeders, yet nearby contracts were able to finish with small gains. Hogs remain choppy but support coming from higher cash prices. Oklahoma National Stockyards Feeder Cattle - Oklahoma…

Date: June 6th, 2022 Livestock futures finished the week mixed but both fats and feeders higher week over week, especially feeders. Feeder cattle finished the week with three sharply higher days in a row as grains were under pressure most of last week. Negotiated cash fed cattle trade lower again this past week at mostly $2 lower with live trade in the TX and KS at $135 and in Nebraska $139 live and $222 dressed. For Kansas specifically, this is the third straight week of a declining negotiated cash price. June Live Cattle now trading less than $2 discount to Southern Plains cash. For the week, Friday May 27th through Friday June 3rd, June Live Cattle +$1.42, August +$1.45, August Feeder Cattle +$7.55, September +$7.00,…

Date: June 1st, 2022 Red quotes filled the Ag commodity screens yesterday as we came off a 3-day weekend to wrap up the month of May. Yes, some could be position squaring for month end, but it seemed to be a bit aggressive. Grains led the way lower which made sense that feeders caught some support and were triple digits higher for the first couple hours of trading. That didn’t last though as even feeders could not even hold gains with all livestock futures finishing triple digits lower yesterday. Small volume cash fed cattle trade reported in KS and TX at $135, already $2 lower than last week. Kingsville Livestock Auction - Kingsville, MO Livestock Weighted Average Report for 5/31/2022 This Week: 1,895 Last Week:…

Date: May 31st, 2022 All livestock futures finished under mild pressure heading into the 3-day holiday weekend, but still held gains week over week. Cattle futures still holding the lower trend with feeders into new lows to begin last week. Lean hogs continue to hold a higher trend over the past couple weeks. Weekly pork export sales and shipments were bullish and prices holding firm. Negotiated cash fed cattle was steady to $2 lower than the week previous with live trade in the South from $136 to $137 and dressed trade in the North ranging from $223 to $227. For the week, Friday May 20th through Friday May 27th, June Live Cattle +$.60, August +$.85, May Feeder Cattle +$1.17, August +$2.40, June Lean Hogs +$1.52,…

Date: May 23rd, 2022 Cattle futures mixed to mostly lower for feeders, as lean hogs continued to rally off new recent lows. Four out of the last six trading days, lean hogs have closed triple digits higher supported by higher cash and pork prices. May feeders tested the contract lows from last year at $153 as August forward made new contract lows on Friday. Negotiated cash fed cattle trade was $2 to $3 lower than the week previous with KS slipping off the $140 mark for the first in the past 5 weeks. Trade in TX and KS from $136 to $138 live with most at $138 and trade in the North from $140 to $145 live and $223 to $228 dressed, majority at $226.…

Date: May 16th, 2022 Livestock futures rebounding to finish mostly higher on Friday but still lower week over week. Cash feedlot trade steady to a shade weaker with trade in KS and TX at $140 live but full range down to $137. Trade in the North from $140 to $144 live and $227 to $230 on a dressed basis. USDA projected 2023 supply and demand for the meats for the first time as beef supply is expected lower than this year with pork and poultry supply projected higher. Cattle herd liquidation still continues providing additional pounds of beef near term but bullish long term. For the week, Friday May 6th through Friday May 13th, June Live Cattle -$.67, August -$3.00, May Feeder Cattle -$1.67, August…

Date: May 11th, 2022 Livestock futures mostly triple digits lower on Tuesday as grains were steady to higher. Cash fed cattle trade starting yesterday on light to moderate volume in TX at $139 to $140 live and in KS at $140. This is steady to $1 lower with last week, but with futures remaining under pressure and plenty of supply available, I would not expect any better than steady money this week. Lean hog futures continue to press lower but cash prices have rallied recently as packers are still scrambling to find ready available supplies. Beef and pork prices both continue lower. Oklahoma National Stockyards Feeder Cattle - Oklahoma City, OK Livestock Weighted Average Report for 5/9/2022 This Week: 6,532 Last Week: 8,762 Last Year:…

Date: May 9th, 2022 Livestock futures mixed on Friday, mostly higher for the week for cattle futures and lower for hogs. African swine fever still spreading across Europe and most recently found in Rome. Beef prices continue to fade lower as consumer demand is lacking for what is still high-priced beef as we head into the prime summer grilling season. Cash feedlot trade mostly steady again this past week at $140 live in South, although late week trades reported down to $138. In the North, live trade from $140 to $146 and dressed trade done mostly at $232. For the week, Friday April 29th through Friday May 6th, June Live Cattle +$.10, August + $.07, May Feeder Cattle +$3.20, August +$6.42, June Lean Hogs -$2.27,…

Date: May 4th, 2022 Cattle futures higher for the second day in a row as most contracts have now gained back all that was lost last week. Lean hogs continue sharply lower, down $20 since mid-April but still some $5 to $10 away from the long term support levels from late last year. Light volume cash feedlot trade yesterday in CO, NE and WCB steady with a week ago at $144 to $146 live and $230 to $232 dressed. In the South only a bid in at $141 but asking prices $142 and higher. The past couple weeks, trade had begun in earnest by Tuesday. Last week’s trade though saw packers pushing delivery a couple weeks further back and it was the largest weekly volume…