Placements were up in every weight category compared to year-ago.
Report to show On Feed and Marketings above year-ago.
30-day outlook calls for below-normal precip and above-normal temps across Central & Southern Plains.
Expect La Nina to peak in November-January.
Says additional rains have helped, but more are needed.
Corn and wheat sales below expectations.
Report highlights
Active weather pattern around next 10-plus days.
Rains in the forecast for Midwest, helping to alleviate drought.
Wheat and soybean sales come in below expectations.
As expected, leaves federal funds rate unchanged.
Markets have positive financial news to digest today.
Beef and cotton sales improve on last week's pace.
30-day outlook calls for below-normal precip across Central & Southern Plains
Beef sales slightly below last week's level.
Report to show On Feed up from year-ago levels.
Showers also benefit crops in Australia.
Soybean sales within expectations.
Still a lot of rain is needed to end the long-lasting drought in the Southern Plains.
Some feeders holding out for higher prices, which could make feedyard showlists longer next week.
But near-term outlook is promising for meaningful rains in the Southern Plains.
Soybean and wheat sales within expectations.
Market reacts to higher cash cattle trade, says Pro Farmer's Julianne Johnston.
Traders were caught off guard as cattle marketings were above expectations and placements were below expectations in today's report.
Feedlots struggle to generate higher cash trade, which was a disappointment given tighter show lists.
To build on this week's strength, traders will need to be convinced the cash market is headed higher.
Packers will have larger show lists next week, which doesn't bode well for near term cash improvement.
Next week, the cattle and beef markets will be watching the impact Hurricane Irene has on beef demand.
Report reflects aggressive lightweight calf placements.
Report to show On Feed and Placements above year-ago levels.
Rain stabilized crop prospects in the Corn Belt.
The headliner of this report is beef replacement heifers, which came in 5% under year-ago.
