Lot 41

Ellingson Angus - Annual Angus Bull & Female Sale
Live Event Started: 2/6/21 1:00 PM (CST)
Boxed Beef PM: Choice: $245.94 (+2.19) Select: $221.31 (+1.18); Ch/Se Spread: $24.63; Total Loads: 116 compared to 74 on Friday
Impressive Follow Through... It’s a new month and CME live cattle futures posted impressive gains today, taking out last Friday’s highs with October LC taking out key short-term moving averages while other contract months halted there. Still the market is building on last week’s rally off those big lows (The Beef)
USDA estimates daily cattle slaughter at 127K head, compared to 125K last week and 120K last year ( Mon)
CME LIVESTOCK: Live Cattle: $148.025 (+0.975); Feeder Cattle: $176.05 (+1.425); Hogs: $77.725 (+1.50); Milk: $22.20 (+0.45)
CME GRAINS: Corn: $6.8075 (+3.25); Soybeans: $13.74 (+9.25); Wheat: $9.12 (-9.50); Cotton: $84.20 (-1.14)
ENERGY PRICES: Crude Oil: $83.63 (+4.14); Heating Oil: $3.3691 (+0.1475); Natural Gas: $6.47 (-0.296) (Crude Rallies on Expectations for OPEC+ to Cut Production)
STOCK UPDATE: Dow 30: 29,490.89 (+765.38); Nasdaq: 10,815.43 (+239.81); S&P 500: 3,678.43 (+92.81) (Stocks Surge On Lower T-Note Yields And A Rally In Energy Stocks)
NATIONAL CATTLE TRACKER: The largest steer and heifer string sold this week was 397 heifers (841#) from Yankton, South Dakota at $175.50. The second largest string was 345 steers (750#) from Coffeyville, Kansas at $174.00
BEEF WIRE: Prices Cooling, Lower Weights, Drought Intensifies, Grain Stocks
USDA GRAIN STOCKS REPORT: Old crop corn stocks in all positions on September 1, 2022 totaled 1.38 billion bushels, up 12 percent from September 1, 2021
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