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Date: September 15th, 2021 A partial Turnaround Tuesday with cattle futures triple digits higher and wheat leading the grains with double digit gains. The JBS Grand Island, NE beef processing plant, 6,000 head per day capacity, fire on Sunday only shut down the plant for a day which caused cattle futures to gap lower Monday and reverse higher yesterday. Only a few hundred head of fed cattle cash traded so far this week. TX cash pool yesterday at $124 live which is steady with a week ago but in the North, $196 dressed, not a good start as that is $2 lower than the bottom of last week’s range. Hog futures continued to tumble in the U.S. and in China with a new low yesterday…

As if the cattle market didn’t already have enough problems with a long string of daily futures losses and terrible looking chart technicals, apparently the rendering facilities at the JBS Grand Island beef plant caught fire Sunday night and they shut down their kill yesterday as a result. They were calling it a five-alarm fire, but as of late yesterday there were reports saying the fire was contained in an area that shouldn’t affect slaughter or fab, so shifts should resume quickly. Hopefully that’s the case, because it’s a 6000/hd/day plant and that took what might have been a 120k head national federally inspected kill tally from yesterday and made it 114k. In all honesty, cattle futures didn’t act as terrible as I thought they…

Date: September 13th, 2021 Livestock futures continued lower last week with product prices lower and new recent lows for futures triggering more technical selling. Cash fed cattle trade in the South started at $124 midweek but was followed up by more volume at $123 on Thursday. This should be about even with the week’s previous weighted average. In the North, $124 to $127 live and $198 to $203 dressed, $5 lower to $2 higher than the previous week’s weighted average price. Oklahoma Weekly Cattle Auction Summary Livestock Weighted Average Report for 9/5/2021 - 9/11/2021 Total Receipts Current Week: 14,358 Previous Week: 26,638 Last Year: 10,537 Compared to last week: Numbers lightly tested as some sales closed (Oklahoma City, OKC West Cow sale, and Tulsa) for…

Date: September 8th, 2021 Livestock futures finished yesterday mostly triple digits lower, all grains lower, along with equites, energies and precious metals. Cattle futures did open higher yesterday with news that Brazil had confirmed two cases of atypical mad cow disease and shut down exports for at least 10 days. Beef and pork prices continuing lower providing some of the pressure but in general, yesterday’s trade looked like a typical Monday of the past few weeks just falling on Tuesday with markets coming out the 3-day holiday weekend. Uncertainty is a key term quoted which typically leads to a bearish undertone with COVID still spreading and the recent turmoil in Afghanistan. Ozarks Regional Stockyards Feeder Cattle - West Plains, MO Livestock Weighted Average Report for…

Date: September 7th, 2021 Cattle futures ended last week triple digits lower while hogs suffered only minor losses. Negotiated cash fed cattle trade for the week was light and spread out last week but held steady to $1 higher. KS and TX trade from $123 to $124 with trade in the North ranging from $125 to $126 live and $200 to $208 dressed. Both beef and pork were under pressure last week as we close out the summer grilling season. Brazil reported 2 cases of atypical mad cow disease last week and suspended beef exports for at least 10 days. It was found in separate packing plants in two different states but again both were atypical which are lower risk, natural forming in older cows…

Date: September 1st, 2021 Triple digit losses across the livestock futures, corn and soybeans held losses but at least came back from double digits lower and wheat held near unchanged yesterday. Honestly it appears the most influential market mover yesterday was the end of the month position squaring. New recent lows hit for live cattle, feeder cattle and corn yesterday but fundamental news was light. Cash fed cattle trade light so far this week with trade in the North reported at $128 live, steady with top end from a week ago. Oklahoma National Stockyards Feeder Cattle - Oklahoma City, OK Livestock Weighted Average Report for 8/30/2021 This Week: 7,187 Last Week: 5,186 Last Year: 9,416 Compared to last week: Feeder steers and heifers unevenly steady.…

Date: August 18th, 2021 Tuesday ending up being a sell off day across all markets. Livestock futures, grains expect soybean meal, equities and energies all finished lower yesterday. The US$ higher also providing some pressure to the commodities. World turmoil and COVID capturing most of the headlines yesterday. Negotiated cash fed cattle trade starting in the North at steady to $1 higher than last week at $127 live and $197 to $204 dressed. Beef prices still screaming higher, now 20 days in a row with Choice +$57 so far this month. Oklahoma National Stockyards Feeder Cattle - Oklahoma City, OK Livestock Weighted Average Report for 8/16/2021 This Week: 6,341 Last Week: 8,231 Last Year: 6,590 Compared to last week: Feeder steers unevenly steady. Feeder heifers…

Date: August 16th, 2021 Livestock futures finished the week mixed with cattle futures lower and lean hogs higher. Negotiated cash cattle trade last week was fully steady with the week previous but wide ranges. Trade in the South ranged from $119 to $125 live, done mostly at $121. Northern trade was reported at $125 to $126 live and $198 to $204 dressed with most at $198. Nearly 5 months with the cash trade in KS where the bulk of the trade has been from $119 to $122. Beef prices have ranged nearly $60 in that same timeframe with trade still screaming higher now eighteen consecutive days. Oklahoma Weekly Cattle Auction Summary Livestock Weighted Average Report for 8/8/2021 - 8/14/2021 Current Week: 27,018 Last Week: 27,920…

Date: August 11th, 2021 Cattle futures were mixed yesterday while hogs remain on a lower trend recently. The nearby August contract will expire this week but all other contracts are testing support levels from early July. Both fats and feeders continue to hold their higher trend as fundamentals remain friendly and beef prices are soaring again. Negotiated cash feedlot trade started steady to $5 higher in the North on very light volume. Trade in Iowa reported on Monday at $125 live and $202 dressed. Oklahoma National Stockyards Feeder Cattle - Oklahoma City, OK Livestock Weighted Average Report for 8/9/2021 This Week: 8,231 Last Week: 7,637 Last Year: 8,386 Compared to last week: Feeder steers and heifers unevenly steady. Demand moderate to good. Tulsa Livestock Auction…

Date: August 9th, 2021 Livestock futures mostly higher last Friday which pulled cattle futures higher for the week, hogs still mixed. Cattle futures still holding higher trends but lean hogs into new recent lows last week. Negotiated cash feedlot trade started steady to $1 higher in the North and picked up midweek at $1 to $2 higher in the South. Nebraska and Iowa trade up to $125 to $126 live and $197 to $198 dressed with trade in KS and TX at $121 to $122 live. USDA will begin two new weekly reports beginning next week. Cattle base prices of formula agreements will be published on Monday and cattle sales volumes at weighted average prices for transaction types will be published on Tuesday. Oklahoma Weekly…