DVAuction | Event: Meyer Cattle Company - Performance in the Pasture

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Meyer Cattle Company - Performance in the Pasture Fall Sale

Live Event Started: 11/5/21 6:30 PM (CDT)

Seller Contact Information

Brock Meyer
7474 Hwy 54
Curryville, MO 63339
(573) 808-0624
(573) 694-1622
Website
brock@meyercattle.com

Auction Location

Brock Meyer
Meyer Cattle Headquarters
14353 Hwy 61
East Outer Road North Hwy 61
Bowling Green, MO 63334
(573) 808-0624

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Private Treaty Offerings (2)

U.S. CATTLE REPORT: 140 steers (711#) from Lexington, Kentucky at $184.70; Wheat down $1.21 since June 29th; Crude drops under $100; Pork cutout highest since June 17th

NATIONAL STEER TRACKER: The largest steer string sold on Tuesday on the National Steer Tracker (700-899#) was 230 steers (870#) from West Plains, Missouri at $167.75. The average price for the top 10 steer strings sold on Tuesday was $165.03

NATIONAL CATTLE TRACKER: The largest steer and heifer string sold on Tuesday was 312 steers (920#) from West Plains, Missouri at $164.25. The second largest string was 230 steers (870#) from West Plains, Missouri at $167.75

CME LIVESTOCK: Live Cattle: $132.925 (-1.675); Feeder Cattle: $172.70 (-1.80); Hogs: $105.95 (+2.975); Milk: $21.70 (-0.72) (Confirmed cash trade for the week was mostly $137 in the South and $148 in the North)

CME GRAINS: Corn: $7.36 (-18.50); Soybeans: $15.7525 (-50.75); Wheat: $7.9375 (-37.50); Cotton: $101.38 (-4.00) (Soybeans down $1 since June 30th)

STOCK UPDATE: Dow 30: 30,967.82 (-129.44); Nasdaq: 11,322.24 (+194.39); S&P 500: 3,831.39 (+6.06) (Lower T-Note Yields Boost Technology Stocks)

ENERGY PRICES: Crude Oil: $99.71 (-8.72); Heating Oil: $3.5744 (-0.3645); Natural Gas: $5.495 (-0.235) (Crude Plunges on Dollar Strength and Recession Concerns)

MEATBOARD PM: Boxed Beef Choice: $264.66 (+0.84); Pork Carcass: $114.48 (+5.73); Chicken Breast: $298.12 (+3.64) (Pork highest since June 17th)

Boxed Beef PM: Choice: $264.66 (+0.84) Select: $239.87 (-0.60); Ch/Se Spread: $24.79 Total Loads: 109 compared to 101 on Friday (C/S spread widens past $24)

Red... Since Friday’s rally saw a monster drop of +5k contracts in August, it’s obvious a lot of short covering and some roll were responsible. August is discount to cash and June expired +$4 to August (The Beef)

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