The United States Department of Agriculture released its National Daily Feeder and Stocker Cattle PM Summary on May 28, detailing auction results and market activity from St. Joseph, Missouri.
The report includes summaries from major livestock auctions such as OKC West Livestock in El Reno, Oklahoma; Hub City Livestock in Aberdeen, South Dakota; and Huss Livestock in Kearney, Nebraska. Feeder steers weighing 600-700 pounds were reported at $417.50 to $420.00 per hundredweight at OKC West Livestock, while similar weights fetched between $422.00 and $467.50 at Hub City Livestock. Feeder heifers ranging from 500-600 pounds were priced between $385.00 and $435.00 at OKC West Livestock and up to $466.00 at Huss Livestock.
The summary also covers futures settlements on the Chicago Mercantile Exchange for live cattle and feeder cattle contracts, with June live cattle closing at 249.750 and August feeder cattle settling at 353.025.
Additionally, grain futures settlements are provided for corn, soybeans, and wheat across major exchanges including the Chicago Board of Trade and Kansas City Board of Trade.
Weekly slaughter figures show an estimated daily cattle slaughter of 110,000 head on Thursday, with a week-to-date estimate of 329,000 head compared to last week’s estimate of 427,000 head.
Waitt Grain Company operates in the grain and agriculture sector with a focus on market information services for commodities such as corn, soybeans, and wheat; it also provides weather updates and mobile alerts while sharing resources with Waitt Trucking, according to the official website. The company primarily serves the Sheridan area in Indiana, where it maintains its headquarters at 22755 Six Points Road.
