Cattle, wheat, soybean prices drop – August 16th report

Published 4:45 pm Thursday, August 22, 2024

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Virginia Market News Service reported the following weekly ag trends on August 16: State graded feeder cattle mostly 5.00 to 15.00 higher. Feeder cattle at regular auction sales mostly steady to 12.00 lower. Slaughter cows uneven, ranging 8.00 lower to 6.00 higher. Wheat .10 lower, new crop .13 lower. Corn mostly steady, new crop mostly steady. Soybeans .39-.55 lower, new crop .39 lower.

State Graded Feeder Steers, Medium and Large

400-500 lbs   282.50-300.00, average 298.18

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500-600 lbs   260.00-295.00, average 282.66

600-700 lbs   220.00-274.00, average 260.08

700-800 lbs   229.00-279.00, average 267.26

State Graded Feeder Heifers, Medium and Large

400-500 lbs   240.00-273.50, average 266.88

500-600 lbs   230.00-259.50, average 251.33

600-700 lbs   200.00-249.00, average 238.21

700-800 lbs   190.00-249.00, average 233.06

Slaughter Cows

Boning,     800-1200 lbs, 105.00-136.00, average 128.89

Breakers, 1200-1600 lbs, 115.00-154.00, average 136.96

Wheat

Eastern Shore 4.03-4.13; Norfolk 4.33, new crop 5.11; Roanoke 5.48, new crop 5.71

Corn

Eastern Shore new crop 4.07-4.17; Harrisonburg 4.55-4.80, new crop 4.67; Norfolk 3.97, new crop 3.82-4.07; Richmond-Petersburg 4.07, new crop 4.07; Wakefield 4.37, new crop 4.17-4.37

Soybeans

Eastern Shore new crop 9.29-9.39; Harrisonburg 8.60; Norfolk 10.24, new crop 9.49-9.79; Richmond-Petersburg new crop 9.39; Wakefield new crop 9.59

Livestock prices per hundredweight; grain prices per bushel.