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Lots for MCA-MSU Bull Evaluation Sale - Michigan Bull Evaluation Sale (56)

Live Event Started: 3/19/16 11:30 AM (CDT)
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MEATBOARD PM: Boxed Beef Choice: $265.42 (+1.45); Pork Carcass: $106.16 (-1.97); Chicken Breast: $361.12 (-0.98)
DROUGHT MONITOR: There was a bit of a divergence with the two most drought-stricken regions this week. The Southwest continued to worsen, while the Southern Plains got drenched
Boxed Beef PM: Choice: $265.42 (+1.45) Select: $246.50 (+2.07); Ch/Se Spread: $18.92 Total Loads: 106 compared to 134 on Thursday (Choice improves on slower movement)
CME LIVESTOCK: Live Cattle: $132.40 (-0.20); Feeder Cattle: $166.325 (-0.35) Hogs: $111.725 (-0.10); Milk: $24.60 (+0.23) (USDA reported light Thursday cash business from $136 - $144)
CME GRAINS: Corn: $7.7725 (+12.25); Soybeans: $17.3225 (+5.75); Wheat: $11.575 (+14.25); Cotton: $139.42 (-1.19) (NOAA’s 7-day QPF shows moisture for MN, ND, and SD in the coming week)
STOCK UPDATE: Dow 30: 33,212.96 (+575.77); Nasdaq: 12,131.13 (+390.48); S&P 500: 4,158.24 (+100.40) (Stocks Rally On Strength In Tech And Snap A Seven-Week Losing Streak)
ENERGY PRICES: Crude Oil: $115.07 (+0.98); Heating Oil: $4.0029 (+0.0349); Natural Gas: $8.727 (-0.168) (Crude Pushes Higher on Dollar Weakness and Tight Supplies)
The U.S. trade deficit in goods shrank by 16% in April and eased off a record high. But sky-high deficits aren't going away. Americans are gobbling up imports and higher oil prices are adding to the trade deficit (Jeffry Bartash)
BEEF PRODUCTION: Weekly production reported at 529.4 million pounds, down 5.8% from last week, up 3.0% from last year (EWMP)
MEAT PRODUCTION: The United States has produced 11.4 billion pounds of beef and 11.1 billion pounds of pork so far in 2022 (EWMP)
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