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LIVESTOCK COMMENTS: There is no doubt a fire has been lit under the cattle markets as calf prices are following feeder cattle prices and feeder cattle prices are following finished cattle prices (VIEW REPORT)
NATIONAL CATTLE TRACKER: The largest steer and heifer string sold this week was 587 steers (784#) from Yankton, South Dakota at $171.50. The second largest string was 237 steers (785#) from Wildorado, Texas at $155.50 (VIEW REPORT)
NATIONAL CALF TRACKER: The largest calf string sold this week was 172 heifers (455#) from El Reno, Oklahoma at $168.50. The average price paid this week for the top 10 calf strings was $206.85, compared to $196.65 last week (VIEW REPORT)
NATIONAL STEER TRACKER: The largest steer string sold this week on the National Steer Tracker (700-899#) was 587 steers (784#) from Yankton, South Dakota at $171.50. The average price for the top 10 steer strings (700-899#) sold this week was $162.85, compared to $164.26 last week (VIEW REPORT)
BEEF PRODUCTION: Weekly production reported at 562.5 million pounds, up 19.6% from last week, up 0.2% from last year (EWMP)
DAIRY PRODUCTS: Total cheese output (excluding cottage cheese) was 1.15 billion pounds, 0.9 percent above October 2020 and 1.1 percent above September 2021 (VIEW REPORT)
Weekly cattle slaughter reported at 676K head, up 19.4% from last week, up 1.0% from last year (EWMP)
CME LIVESTOCK: Live Cattle: $142.15 (-0.45); Feeder Cattle: $164.125 (-1.65) Hogs: $85.875 (-0.45); Milk: $18.60 (+0.27)
CME GRAINS: Corn: $5.86 (+9.00); Soybeans: $12.6725 (+23.00); Wheat: $7.945 (-12.00); Cotton: $109.30 (+0.40)
STOCK UPDATE: Dow 30: 34,580.08 (-59.71); Nasdaq: 15,085.47 (-295.85); S&P 500: 4,538.43 (-38.67)
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