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U.S. CATTLE REPORT: Strong prices continue this week at OKC West; Daily drop down 18 cents; Boxed beef bounces up over $268; Hogs up $7.10 since June 30th
OKC WEST: The largest string sold this week at OKC West was 188 steers (781#) at $169.50. The second largest string was 157 steers (777#) at $170.50
Green Again... Since August LC is big time discount to cash prices – which made another who average high last week – it will get more and more difficult to press the August contract. Last week’s average price was north of $146 just a bit and today’s settlement in August LC was $134.50 (The Beef)
MEATBOARD PM: Boxed Beef Choice: $268.05 (+3.39); Pork Carcass: $111.50 (-2.98); Chicken Breast: $300.18 (+2.06) (Pork highest since June 17th)
NATIONAL CATTLE TRACKER: The largest steer and heifer string sold on Wednesday was 188 steers (781#) from El Reno, Oklahoma at $169.50. The second largest string was 157 steers (777#) from El Reno, Oklahoma at $170.50
NATIONAL STEER TRACKER: The largest steer string sold on Wednesday on the National Steer Tracker (700-899#) was 188 steers (781#) from El Reno, Oklahoma at $169.50. The average price for the top 10 steer strings sold on Wednesday was $168.70, compared to $165.03 on Tuesday
CME LIVESTOCK: Live Cattle: $134.50 (+1.575); Feeder Cattle: $173.30 (+0.60); Hogs: $109.20 (+3.25); Milk: $21.51 (-0.17) (Hogs up $7.10 since June 30th)
CME GRAINS: Corn: $7.4425 (+8.25); Soybeans: $15.8025 (+5.00); Wheat: $7.9225 (-1.50); Cotton: $96.39 (-4.99) (Cotton down more than $28 since June 20th)
ENERGY PRICES: Crude Oil: $98.53 (-0.97); Heating Oil: $3.4106 (-0.191); Natural Gas: $5.51 (-0.013)
STOCK UPDATE: Dow 30: 31,037.68 (+69.86); Nasdaq: 11,361.85 (+39.61); S&P 500: 3,845.08 (+13.69) (Stocks Climb On Stronger-Than-Expected U.S. Economic Data)
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