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Date: June 21st, 2023 The cattle complex continued their downward action during yesterday’s trade as both fats and feeders are taking a breather from the very steep run up from about two weeks ago. It is not surprising to see some pull back after such a run to new high territory, but typically these periods of correction haven’t lasted more than a couple weeks. Those new highs that were made were heavily supported by a negotiated cash market that was screaming higher at the same time, but the cash market has cooled down a bit as well. Last week volumes were very light at steady to $5 lower than the week previous, showlists appear light this week and I wouldn’t expect to see much trade…

Date: June 20th, 2023 Livestock futures were able to hold gains last Friday which locked in near steady week over week for live cattle and solid gains for lean hogs. Feeders were sharply lower a couple days last week with corn sharply higher. At least they were able to come back fill the gap left from Thursday’s move lower. Negotiated cash fed cattle trade very slow to develop last week. Light volume began in the North midweek with the majority $4 to $7 lower at $185 live and $294 to $296 on a dressed basis. Trade in the South only light volume through Friday afternoon at $182 live which is $3 to $4 lower than the week previous. Weekly closes for livestock futures and meats…June…

Date: June 14th, 2023 Cattle futures came roaring back from early losses while lean hogs traded lower on Tuesday. Both fats and feeders were triple digits lower as corn was cruising $.08 to $.10 higher. By midday though, corn starting fading and cattle starting to rally, able to absorb a few pennies gain in corn. Beef prices continue higher, equities were higher and cash fed cattle trade expected to be higher again this week as well. Only light volume trade so far this week as been reported in the WCB at $298 dressed. Showlists appear to be a bit smaller in TX only this week. Ozarks Regional Stockyards Feeder Cattle - West Plains, MO Livestock Weighted Average Report for 6/13/2023 - Final This Week: 4,179…

Date: June 13th, 2023 Livestock futures were resilient yesterday with all but the soon to expire June lean hogs holding decent gains, even in the face of higher corn prices. Sharply higher cash fed cattle and beef these past couple weeks continue to be supportive although futures so far have been reluctant to take a run at last week’s highs. Choice beef +$31.59 so far this month with easily $10 higher live cash. Cash trade has certainly been more active recently with less inventory available to contract. Nearly 110K head in cash trade last week with the weighted average near $189 live and $300 dressed. No bids or offers yet this week, but it certainly looks like higher cash trade will develop again this week.…

Date: June 12th, 2023 Live cattle and lean hog futures a bit calmer to end the week while feeders again traded a wide daily range. New highs for both fats and feeders mid last week, but a technical selloff then battled friendly fundamentals the balance of the week. Negotiated cash fed cattle trade volume picked up first in the North from $188 to $194 live, $2 to $7 higher vs. last week, and $298 to $302 dressed, $8 to $12 higher. TX and KS trade reported mostly at $185 live, $5 higher than last week with the full range for the week from $184 to $188. The WASDE monthly supply and demand report increased beef production estimates both for this year and next with sharply…

Date: June 9th, 2023 Cattle futures again traded both sides of unchanged yesterday but finished near their lows as grains, yes even corn this time, held gains. Lean hogs were mixed on Thursday but so far holding week over week gains for the 2nd week in a row. Negotiated cash fed cattle trade volume picked up first in the North from $188 to $194 live, $2 to $7 higher vs. last week, and $298 to $302 dressed, $8 to $12 higher. TX and KS trade reported mostly at $185 live, $5 higher than last week. KS sales still may not be quite wrapped up with the top end up to $188. Winter Livestock - Pratt, KS Livestock Weighted Average Report for 6/8/2023 - Final This…

Date: June 7th, 2023 Cattle futures started out slow yesterday but quickly caught another wave of buying with June live cattle setting a new all-time spot high at $180.25, August feeders closing in on the all-time spot high at $245.20 and November through April feeders reaching above the $250 level. So far this week, only some light volume cash fed cattle trade in the North at $190 live and $295 to $300 dressed with TX also reported some light volume at $182 live, all $2 to $5 higher than last week. I also saw a few bids starting in NE at $192 live. A recap of last week’s cash fed cattle trade showed feedlots selling 93,042 head of negotiated cash fat cattle (66,859 head for…

Date: June 6th, 2023 Cattle continued higher on Monday while lean hogs backed off. Live cattle made new contract highs again but feeders were not able to reach those levels as both feeders and lean hogs actually had inside trading days staying within the trading range of the previous session, last Friday. Sharply higher boxed beef along with lower corn prices were supportive for cattle while pork prices were also higher with bellies up $24.50 but cash prices during the day were steady to slightly lower. NATIONAL FEEDER & STOCKER CATTLE SUMMARY - WEEK ENDING 06/03/2023 RECEIPTS: Auctions Direct Video/Internet Total This Week: 99,800 30,400 3,900 134,100 Last Week: 147,400 36,700 33,700 217,800 Year Ago: 97,300 26,200 26,800 150,300 Compared to last week, steers and…

Date: May 30th, 2023 Sharply higher corn prices to end last week pressured feeders on Friday yet live cattle continued to hold gains. New contract highs hit yet again for live cattle with cash trade higher. Negotiated cash fed cattle trade wrapped up midweek with trade in the South from $170 to $174, mostly $171 to $172, $1 to $2 higher. Trade in the North reported at $180 to $183 live, $2 to $4 higher, and dressed trade at $285, $5 higher than the previous week. Weekly closes for livestock futures and meats…June Live Cattle +$1.62, August +$.87, August Feeders -$1.17, September -$.85, June Lean Hogs -$6.95, July -$8.35. Choice Boxed Beef +$2.83 at $303.93. Oklahoma Weekly Cattle Auction Summary Livestock Weighted Average Report for…

Date: May 16th, 2023 All livestock futures able to finish in the green except for the front month June live cattle contract. Cash is still premium to futures with delivery a couple weeks out so traders are leery of pushing too much without at least steady if not improved cash fed cattle trade this week. Last week's negotiated cash cattle trade totaled 81,474 head at an average of $176.41 live steers and $278.27 dressed. Of that, 71% (57,882 head) were committed to the nearby delivery while the remaining 29% (23,592 head) were committee for the deferred delivery. Feeders and lean hogs held triple digit gains as both took out nearby resistance which were last week’s highs. NATIONAL FEEDER & STOCKER CATTLE SUMMARY - WEEK ENDING…