Livestock, Dairy & Poultry Outlook (September): Cow slaughter is expected to be higher during the second half of the year, partly offsetting declines in steer and heifer slaughter (VIEW REPORT)

THIS WEEK IN PETROLEUM: The U.S. average regular gasoline retail price decreased more than 1 cent to $3.17 per gallon on September 13, 98 cents higher than a year ago (VIEW REPORT)

CME LIVESTOCK: Live Cattle: $128.575 (-0.875); Feeder Cattle: $157.10 (+0.60) Hogs: $85.475 (+3.20); Milk: $17.33 (-0.07)

CME GRAINS: Corn: $5.295 (-4.00); Soybeans: $12.96 (+1.50); Wheat: $7.13 (+0.75)

STOCK UPDATE: Dow 30: 34,751.12 (-63.27); Nasdaq: 15,181.18 (+19.65); S&P 500: 4,474.97 (-5.73)

MEATBOARD: Boxed Beef Choice: $318.00 (-1.82); Pork Carcass: $105.97 (+0.27); Chicken Breast: $207.06 (-2.18) (Thu pm)

Boxed Beef PM: Choice: $318.00 (-1.82); Select: $280.27 (-3.62); Ch/Se Spread: 37.73; Total Loads: 141 compared to 191 on Wednesday

BEEF EXPORTS: Net sales of 15,300 MT reported for 2021 were up 23 percent from the previous week and 24 percent from the prior 4-week average (VIEW REPORT)

CORN EXPORTS: Net sales for 2021/2022 of 246,600 MT primarily for Mexico (154,300 MT, including decreases of 65,400 MT), unknown destinations (VIEW REPORT)

Consolidation... This week’s negotiated fed cattle trade was generally done at steady to in some cases, stronger money, but volume so far has been light, totaling only 50k head (The Beef)

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