Lot 27

Eastern Limousin Showcase
Live Event Started: 12/4/21 12:00 PM (CST)

Bidding

Sold For $3,500.00

NATURAL GAS: Henry Hub up 94 cents to $8.45, the highest daily price since a winter storm contributed to near record-high spot prices in February 2021
Another Pullback... One shift the packer has made is to reduce the slaughter schedule to the 650k head per week level. Next week is ‘long week buying for a short week’, and packers will use that to level cash prices out if they can (The Beef)
USDA estimates daily cattle slaughter at 126K head, compared to 125K last week and 118K last year. WTD slaughter at 499K head, compared to 496K last week and 478K last year (Thu)
MEATBOARD PM: Boxed Beef Choice: $264.39 (+0.05); Pork Carcass: $119.91 (+1.44); Chicken Breast: $229.40 (-3.27) (Pork rebounds, chicken drops under $230)
Boxed Beef PM: Choice: $264.39 (+0.05) Select: $237.47 (-0.42); Ch/Se Spread: $26.92; Total Loads: 132 compared to 145 on Wednesday
ENERGY PRICES: Crude Oil: $90.64 (+2.53); Heating Oil: $3.6468 (+0.0294); Natural Gas: $9.237 (-0.007)
CME LIVESTOCK: Live Cattle: $144.75 (-1.10); Feeder Cattle: $185.275 (-1.85); Hogs: $93.30 (-4.75); Milk: $20.67 (-0.20) (Cash trade this week got kicked off with $141 action in the South and $147 in the north)
CME GRAINS: Corn: $6.1975 (+4.75); Soybeans: $14.955 (+20.25); Wheat: $7.315 (-31.75); Cotton: $117.12 (-1.20) (Wheat down 70 cents since Monday)
New Report Indicates U.S. Left Over $7 Billion in Military Equipment in Afghanistan
Consumer prices in the UK increased to 10.1% year-over-year in July on higher food costs, according to a gov. report yesterday. The numbers confirm a stark Bank of England forecast earlier this month predicting 13% inflation as the country anticipates a likely recession this fall.
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