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Date: October 13th, 2021 Livestock futures mixed again on Tuesday as cattle futures traded both sides of unchanged and lean hogs continue to drift lower. Light cash feedlot trade yesterday steady with last week in the WCB at $122 live and for the TX Cash Pool at $124.15. USDA updated supply and demand for the meats by increasing beef production estimates for both this year and next while decreasing both pork and poultry production estimates. The report confirming longer term bullish fundamentals for the cattle market as liquidation, increased domestic consumption projections and reduced pork and poultry production should eventually lead to higher sustained prices. Winter Livestock (Tuesday) - La Junta, CO Livestock Weighted Average Report for 10/12/2021 This Week: 2,171 Last Week: 1,770 Last…

Date: October 12th, 2021 Monday’s livestock trade was mixed but a continuation of last week’s trade with cattle mostly higher and hogs lower. Cash feedlot trade a typical quiet Monday as I would expect to see trade pick up midweek. Feeders trying to define a trading range now after the sharp collapse last month. Long term fundamentals are still friendly but there’s still a lot of technical damage to repair first. Oklahoma National Stockyards Feeder Cattle - Oklahoma City, OK Livestock Weighted Average Report for 10/11/2021 This Week: 8,200 Last Week: 6,210 Last Year: 6,867 Compared to last week: Feeder steers 2.00 - 4.00 higher. Feeder heifers unevenly steady. Steer calves 3.00 -5.00 higher. Heifers calves steady to 2.00 higher. Demand is moderate to good.…

Date: October 11th, 2021 Livestock futures mixed last Friday but cattle futures sharply higher for the week while lean hogs slipped lower after new recent highs on October 1st. Both beef and pork prices continue to pull lower but cash feedlot trade held steady yet again. Over the past 6 weeks, KS has had at least some $124 live trade and this past week was no different with trade ranging from $122 to $124. TX trade mostly at $124 with the midweek cash pool trade breaking that barrier up to $124.15. NE trade steady with the week previous at $196 dressed but live trade trending lower and down to $122. Oklahoma Weekly Cattle Auction Summary Livestock Weighted Average Report for 10/3/2021 - 10/9/2021 Total Receipts…

Date: October 6th, 2021 Tuesday’s trade focused on continued strength for cattle futures, continued pressure on hogs and reversals for the grains. Live cattle and lean hogs finished mixed but feeders held triple digit gains. Cattle futures oversold after a month and a half of collapsing values. It is still hard to get bullish based off the charts yet though, need another $2 to $3 rally to test nearby resistance levels. Lean hogs were sharply higher last week but follow through this week has been absent. Beef prices mixed but overall still drifting lower. Cash fed cattle trade so far this week mostly steady from $122 live in the North to $124 in the South with the TX Cash pool breaking the $124 ceiling at…

Date: October 4th, 2021 Livestock futures mixed on Friday but cattle lower on the week while lean hogs were sharply higher. Cash fed cattle trade steady with the week previous. Trade in South mostly at $124, but the full range was $121 to $124. Trade in the North steady as well from $122 to $124 live and $196 dressed. Lean hogs gapped higher to begin last week after a bullish Quarterly Hogs and Pigs report and continued to post gains for the balance of the week. Oklahoma Weekly Cattle Auction Summary Livestock Weighted Average Report for 9/26/2021 - 10/2/2021 Total Receipts Current Week: 27,482 Previous Week: 27,955 Last Year: 26,028 Compared to last week: Feeder steers steady to 3.00 lower, except 800-900 lbs 1.00-3.00 higher.…

Date: September 29th, 2021 Livestock futures were mixed on Tuesday with live cattle lower under light pressure, feeders reversing higher after Monday’s triple digit selloff into new lows and lean hogs adding to Monday’s gap higher and a couple contracts limit higher. Cash fed cattle trade so far this week a couple dollars lower compared to last week on light volume at $122 live in KS and $193 to $196 on a dressed basis in NE. Oklahoma National Stockyards Feeder Cattle - Oklahoma City, OK Livestock Weighted Average Report for 9/27/2021 This Week: 5,874 Last Week: 6,687 Last Year: 5,767 Compared to last week: Feeder steers unevenly steady. Feeder heifers 2.00 - 5.00 higher. Steer and heifer calves unevenly steady. Demand moderate to good. Tulsa…

Big day for the hogs on Monday in reaction to Friday’s bullish Hog and Pig report data. Total inventory numbers came in 4% below last year, breeding herd numbers were down 2% and market hog numbers were down 4%. Adding a little more spice to the mix, summer farrowings were down 7% and 2nd intentions for Sep-Nov were down 4%. That full gamut of friendly news resulted in $4+ higher closes across most contract months with the only exceptions to that being the front month October and a couple of deep deferreds. Contrary to the hog reports bullish numbers, COF data was mildly bearish versus the expectations and hogs didn’t provide any spillover into the cattle futures. The live cattle closed mildly weaker and with…

Date: September 27th, 2021 Livestock futures were mixed again last Friday. Cattle futures continue to chop sideways as lean hogs were triple digits higher for week and pork prices held gains. Cash fed cattle trade steady in the South at $123 to $124 live while trade in the North was a little weaker at $123 to $124 live and $194 to $198 dressed. USDA Cattle on Feed report after the close was neutral to slightly bearish. Cattle on feed totaled 11.2 million head as of September 1, 2021 which was in line with expectations, 1% below last year. Placements in feedlots during August totaled 2.10 million head, 2% above a year ago with expectations for 1% lower. Marketings of fed cattle during August totaled 1.89…

Date: September 22nd, 2021 The massive selloff Monday showed little follow through yesterday across all markets with livestock and grain futures quietly mixed and equities and energies mostly steady to higher. Still uncertainty swirling on the Chinese economy which provided some pressure on lean hogs. Cattle futures trading around $1 on both sides of unchanged. Cash feedlot trade started in the North on light volume at $124 to $126.50 and continues to hold steady. Early morning reports indicating KS and TX trade starting at $124 today, remaining steady, but NE dressed trade at $198 which is $2 lower than last week. Oklahoma National Stockyards Feeder Cattle - Oklahoma City, OK Livestock Weighted Average Report for 9/20/2021 This Week: 6,687 Last Week: 8,759 Last Year: 5,559…

Date: September 20th, 2021 Livestock futures finished last week mixed but did rebound from sharp losses and new recent lows to start the week. Cash fed cattle trade last week steady to slightly lower on less volume. Trade in the South at $123 to $124 live. In the North, trade from $123 to $125 and $196 to $200 on a dressed basis. Oklahoma Weekly Cattle Auction Summary Livestock Weighted Average Report for 9/12/2021 - 9/18/2021 Total Receipts Current Week: 32,873 Previous Week: 14,358 Last Year: 33,158 Compared to last week's light test: Feeder steers sold 1.00-4.00 lower. Feeder heifers 5.00-10.00 lower. Demand moderate for feeder cattle. Cattle futures continue to lag especially on the feeder side. Slaughter cattle cash prices held mainly steady, however USDA's…