DVAuction | Lot 26: American Black Hereford Association - National

Lot 26

American Black Hereford Association - National Sale

Live Event Started: 11/9/19 12:00 PM (CST)

Bidding

Sold For $2,100.00

Video Catalogs

Production Sale Videos (5)

Bounds Swingin' B Ranch and Friends

Livestock Market Videos (3)

Private Treaty Offerings (15)

Big Bounce... Last Friday’s CFTC Commitment of Traders’ report showed funds getting more short/less long while commercials took the other side getting less short / more long. This typically indicates at least a short term market turn (The Beef)

USDA estimates daily cattle slaughter at 124K head, compared to 121 last week and 114K last year (Mon)

CME LIVESTOCK: Live Cattle: $133.90 (+1.55); Feeder Cattle: $167.425 (-0.60) Hogs: $104.80 (+3.60); Milk: $24.43 (+0.60) (USDA confirmed cash sales last week from $138 to $146)

CME GRAINS: Corn: $8.095 (+28.25); Soybeans: $16.565 (+10.00); Wheat: $12.475 (+70.00); Cotton: $150.65 (+5.45) (Wheat up limit)

Boxed Beef AM: Choice: $260.82 (+1.87); Select: $243.90 (+0.00); Ch/Se Spread: $16.92; Total Loads: 34 (Choice over $160 on very slow movement)

Oil giant Aramco reported a more-than 80% jump in net profit Sunday, topping analyst expectations and setting a new quarterly earnings record since its IPO. Net income rose 82% to $39.5B in the first three months of the year, up from $21.7B over the same period last year.

STOCK UPDATE: Dow 30: 32,202.44 (+5.78); Nasdaq: 11,699.44 (-105.56); S&P 500: 4,013.44 (-10.45) (Stocks Moderately Lower On Global Growth Concerns)

NBW STREAMING: Joplin Regional Stockyards (WATCH LIVE NOW)

Beef Balance Sheet. Beef production in 2023 is projected at 26.02 billion pounds, down a WHOPPING 1.89 billion pounds from 2022! Cattle prices are projected up $12.90 in 2023 to $153.00

LIVESTOCK COMMENTS: There is a tremendous quantity of cattle on feed, which may be the reason cattle prices are softening and failing to push higher during a time when cattle prices seasonally strengthen

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