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Lots for Powerline Genetics Bull Sale (90)

Live Event Started: 1/18/22 1:00 PM (CST)
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CORN MARKETS: It still looks like the market really doesn’t want to go anywhere until we get past the Sept. 30th reports. Export sales were poor at 182,300 MT, but then we had two daily sales announced this morning that added up to 206,600 MT (Schwieterman)
Zelensky reveals how much US pays Ukraine Covering Kiev’s expenses costs American taxpayers $1.5B a month, according to the Ukrainian president
BEEF WIRE: Cattle on Feed, Ogallala Livestock, Nebraska Drought; Record Meat Production
LIVESTOCK COMMENTS: The market remains strong relative to recent years, and it is offering a strong price for most classes of calves and feeder cattle.
CATTLE ON FEED: U.S. inventory reported at 11.279 million head on September 1st, up slightly from last year. This is the second highest September 1 inventory since the series began in 1996. The U.S. inventory has been larger than 11 million head for 58 out of the last 59 months
NATIONAL CATTLE TRACKER: The largest steer and heifer string sold this week was 351 heifers (738#) from Bloomfield, Iowa at $178.00. The second largest string was 309 heifers (683#) from Kingsville, Missouri at $179.50
NATIONAL STEER TRACKER: The largest steer string (700-899#) sold this week was 232 steers (793#) from El Reno, Oklahoma at $184.25. The second largest string was 219 steers (702#) from Ozark, Arkansas at $175.50. The average price for the top 10 steer strings sold this week was $177.38, compared to $175.09, last week
Weekly cattle slaughter reported at 667K head, compared to 667K last week and 643K last year. YTD slaughter at 24.7 million head, up 1.5% from last year (EWMP)
BEEF PRODUCTION: Weekly production reported at 548.9 million pounds, up 0.4% from last week, up 3.1% from last year (EWMP)
NATURAL GAS: Henry Hub drops 70 cents to $7.99
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