The U.S. retail gas prices saw a slight average increase of one cent this week to hit $2.25. The largest increase was in the Midwest, where retail gas prices jumped three cents to hit $2.33. The Gulf Coast saw a one-cent increase and the lowest retail gasoline prices in the country at $2.04.
West Coast prices fell the most with a seven cent drop to $2.56. The Rocky Mountain region was close behind with a six-cent decrease to $2.48. The highest retail gas prices in the country are in the West Coast region.
Live cattle prices increased three dollars on Tuesday to hit $125.13, bringing the 27-day average price to $135.54. Feeder cattle prices jumped from $178.13 on Monday to $182.53 on Tuesday. The $4.40 increase brought the 27-day average price to $193.01.
Lean hog prices increased 60 cents to $73.60, bringing the 27-day average to $70.40.
Corn jumped four cents to $3.98. Wheat did better, increasing 10 cents to $5.26.
Choice boxed beef prices saw a jump from $204.43 on Monday to $205.36 on Tuesday. The 93-cent increase brought the 27-day average price to $226.78. Select boxed beef rose 61 cents to $199.82, bringing the 27-day average price to $219.51.
Choice primal loin saw a large decrease of $6.37, follwed by choice primal brisket with a smaller drop of $1.92. Choice primal roud saw the largest increase of $4.09.
This week the 5-Area Accumulated Average Cattle Price saw a huge fall this week to hit $118.54
Our panel of cattle industry experts who make up the Monday Market Sentiment shot very high with an average guess of $128.84 per hundredweight. This week, the panel projects the 5-Area price to increase to $118.68
After a wet first half of the year dry conditions have returned in much of Texas. The latest drought monitor map indicates almost 2/3rds of the state is back in abnormally dry to extreme drought. The worst hit areas are in central to East Texas.
Live cattle prices dropped 95 cents over the weekend to hit $122.13 on Monday, bringing the 27-day average price to $136.33. Feeder cattle prices fell from $179.50 on Friday to $178.13 on Monday. The $1.37 fall brought the 27-day average price to $193.75.
Live cattle prices dropped 35 cents to $73. The 27-day average price is now at $70.13.
Corn prices jumped five cents to $3.94, while wheat increased three cents to $5.16.