The United States Department of Agriculture released its National Daily Feeder and Stocker Cattle PM Summary on May 29, providing updates on auction results and futures settlements across major livestock markets.
According to the report, the CME Feeder Cattle Index stood at $380 with significant activity at Valentine Livestock in Nebraska, Apache Livestock in Oklahoma, and Winter Livestock in Kansas. Prices for feeder steers ranged from $469.00 to $569.00 for 500-600 lbs at Valentine Livestock, while similar weight classes at Apache saw prices between $455.00 and $460.00. Feeder heifers were reported at $562.50 for 300-400 lbs in Valentine and up to $490.00 for 400-500 lbs in Apache.
The summary also included settlement data from the Chicago Mercantile Exchange showing live cattle futures ranging from Jun at 248.250 to Oct at 230.425, with corresponding changes noted for each contract month. The Chicago Board of Trade grain futures settlements listed corn July contracts closing at 4.4675 per bushel and soybeans July contracts closing at 11.8675 per bushel.
Additional data covered average slaughter cattle prices across five areas, boxed beef cutout values—with Choice cuts reported at $391.47—and daily estimated cattle slaughter numbers totaling an estimated 105,000 head on Friday.
Waitt Grain Company operates within the grain and agriculture sector; it shares resources with Waitt Trucking and concentrates on market information services such as commodity quotes for corn, soybeans, wheat, weather updates, and mobile alerts primarily serving the Sheridan area in Indiana, according to the official website. The company maintains its headquarters at 22755 Six Points Road in Sheridan.
