Production Sale Videos (7)
Livestock Market Videos (2)
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CME LIVESTOCK: Live Cattle: $131.70 (-1.775); Feeder Cattle: $165.80 (-0.975) Hogs: $108.525 (+0.775); Milk: $24.57 (-0.02) (Surveys ahead of Friday’s USDA Cattle on Feed report anticipate smaller April placements and marketings than a year ago)
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Breaking News: A Russian soldier pleaded guilty in Kyiv to shooting a civilian, in the first Ukrainian trial over a potential war crime since Russia’s invasion. Asked if he accepted his guilt, the soldier said: “Yes. Fully yes.” (NYTimes)
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PRICE PROJECTIONS: Broiler prices in 2022 are projected at $1.55, up 7.0 cents from last month. Broiler prices in 2023 are projected at $1.49, down 6.0 cents from 2022.
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PRICE PROJECTIONS: Turkey prices in 2022 are projected at $1.416, up 5.6 cents from last month. Turkey prices in 2023 are projected at $1.38, down 3.6 cents from 2022
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PRICE PROJECTIONS: Egg prices in 2022 are projected at $1.94, up 37.0 cents from last month. Egg prices in 2023 are projected at $1.49, down 45.0 cents from 2022
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NATIONAL CALF TRACKER: The largest calf string sold on Tuesday was 71 steers (473#) from Beaver, Oklahoma at $195.75. The average price paid on Tuesday for the top 10 calf strings was $179.73, compared to $186.05 on Monday
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U.S. CATTLE REPORT: Cash trade down $2; Wheat up $2.32 since May 3rd; Feeders down nearly $10 since May 3rd; Chicken prices finally drop; 75 steers (712#) from Kimball, SD bring $168
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CATTLE MARKETS: The southern cash was mostly two lower than a week ago, with most of the trade $138 (Schwieterman)
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CORN MARKETS: There isn’t much fresh corn specific news out there, so looking at yesterday’s inside day on the July chart, it would seem that we are still on track for a run to the contract highs and possibly the all time highs in the corn (Schwieterman)
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GRAIN TRENDS (Short Term/Long Term): CORN: Up/Up; WHEAT: Up/Up; SOYBEANS: Up/Up
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