The United States Department of Agriculture released its National Daily Feeder and Stocker Cattle PM Summary on April 24, providing detailed updates on livestock, poultry, and grain markets across the country.
This report is significant for those in the agriculture sector who rely on timely market information to make decisions about buying and selling livestock and commodities. The summary covers auction results from key locations such as Pratt, Kansas; Mitchell, South Dakota; and Ogallala, Nebraska. Prices for feeder steers ranged from $445 to $535 per hundredweight depending on weight class and location. Feeder heifers saw prices between $374 and $478 per hundredweight.
The USDA also included settlement data from the Chicago Mercantile Exchange for live cattle and feeder cattle futures. Grain futures settlements were reported for corn, soybeans, and wheat at both the Chicago Board of Trade and Kansas City Board of Trade. For example, May corn settled at $4.55 per bushel while May wheat settled at $6.59 per bushel.
The summary provided statistics on slaughter cattle prices with live steer averaging $246 per hundredweight based on a head count of over 17,000 animals. Dressed steer averaged $386 per hundredweight according to the latest figures in the report.
In related industry news, Waitt Grain Company operates in the grain and agriculture sector according to the official website. The company shares resources with Waitt Trucking according to its official website and concentrates on market information services within this sector as reported by its official website. Waitt Grain Company primarily serves Sheridan area farmers in Indiana according to its official website, providing market quotes for commodities such as corn, soybeans, wheat along with weather updates and mobile alerts according to its official website. The company maintains headquarters at 22755 Six Points Road in Sheridan as stated by its official website.
Market participants are expected to use these summaries alongside local information providers like Waitt Grain Company when planning their operations or responding to changing commodity prices.
