Nearly all livestock prices took a hit on Thursday with live cattle reporting the biggest drop. Yesterday, live cattle prices dropped by $2.30 to $163.60, the lowest prices reported in roughly a week and just 5 cents above the 10-day low. Feeder cattle prices also dipped a bit, slipping by 2 cents to $225.63.

Lean hog prices followed cattle prices lower as well. Prices were $1.15 below Wednesday’s report, settling at $78.18 – a 27-day low. Lean hog prices have steadily declined since early-November, and this report was no exception.

Corn, wheat and soybean prices in Kansas City all showed slight declines as well, falling by 1 cent, 13 cents and 8 cents respectively.   

Choice boxed beef prices continued its rebound on Thursday afternoon, jumping by $1.82 to $254.57. Pork carcass prices also climbed slightly. Prices were 20 cents higher on Thursday at $82.69.

Morning Farm Report
 
 
Board Prices Fri
Jan 02
Mon
Jan 05
Tue
Jan 06
Wed
Jan 07
Thu
Jan 08
Change Report
  Live Cattle 165.68 166.23 166.03 165.90 163.60 -2.30 Report
  Feeder Cattle 223.95 225.68 224.70 225.65 225.63 -0.02 Report
  Lean Hogs 81.30 79.93 78.58 79.33 78.18 -1.15 Report
  Corn 3.96 4.06 4.05 3.96 3.94 -0.02 Report
  Wheat 5.81 5.89 5.92 5.80 5.67 -0.13 Report
  Soybeans 10.03 10.40 10.51 10.53 10.45 -0.08 Report
  Soybean Meal 356.50 369.00 370.80 368.50 361.30 -7.20 Report
  DJIA 1,772,300 1,745,000 1,729,000 1,750,700 1,750,700 0 Report
Corn Prices Fri
Jan 02
Mon
Jan 05
Tue
Jan 06
Wed
Jan 07
Thu
Jan 08
Change Report
  Kansas City 3.74 3.85 3.88 3.79 3.78 -0.01 Report
  Minneapolis 3.55 3.71 3.70 3.61 3.59 -0.02 Report
  So. Iowa 3.69 3.81 3.80 3.71 3.69 -0.02 Report
  Omaha 3.76 3.85 3.85 3.76 3.74 -0.02 Report
Wheat Prices Fri
Jan 02
Mon
Jan 05
Tue
Jan 06
Wed
Jan 07
Thu
Jan 08
Change Report
  Kansas City 6.15 6.23 6.29 6.18 6.05 -0.13 Report
  Minneapolis 6.31 6.36 6.40 6.30 6.23 -0.07 Report
  Portland 6.63 6.66 0.00 0.00 6.64 6.64 Report
  St. Louis 5.86 5.94 5.96 5.96 5.72 -0.24 Report
Soybean Prices Fri
Jan 02
Mon
Jan 05
Tue
Jan 06
Wed
Jan 07
Thu
Jan 08
Change Report
  Kansas City 10.05 10.45 10.55 10.56 10.48 -0.08 Report
  So. Iowa 9.79 10.17 10.33 10.34 10.27 -0.07 Report
  Central Illinois 10.07 10.47 10.60 10.61 10.53 -0.08 Report
Boxed Beef: Afternoon Fri
Jan 02
Mon
Jan 05
Tue
Jan 06
Wed
Jan 07
Thu
Jan 08
Change Report
  Choice 247.83 249.36 250.33 252.75 254.57 1.82 Report
  Select 239.32 240.43 240.05 242.12 245.34 3.22 Report
  Ch/Se Spread 8.51 8.93 10.29 10.63 9.23 -1.40 Report
  Loads 105.00 155.00 180.00 218.00 158.00 -60.00 Report
Pork Cutout: Afternoon Fri
Jan 02
Mon
Jan 05
Tue
Jan 06
Wed
Jan 07
Thu
Jan 08
Change Report
  Carcass 83.77 83.91 82.43 82.49 82.69 0.20 Report
  Loin 90.55 91.74 87.75 91.10 89.51 -1.59 Report
  Butt 104.68 104.04 105.18 101.60 104.45 2.85 Report
  Loads 108.13 177.85 268.19 350.92 205.92 -145.00 Report
 
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All commodity prices delayed 10 minutes.