Cattle:
– Cattle slaughter Week to Date estimate at 620,000hd, down from 631,200 (actual) from the same period last year
– Choice boxed beef price at $304.91 per cwt
– Select boxed beef price at $294.17 per cwt
– Cash cattle prices up $2 to $292.91 per cwt dressed in the Midwest
-Last Week’s Cash Cattle prices traded at $181 – $182 per cwt live in the Southwest

Natural Gas:
– US natural gas production expected to decline to 203.4 billion cubic feet per day in 2024 (from a record 103.8 billion in 2023)
– US natural gas domestic consumption expected to reach a new record of 89.9 in 2024
– USDA projected US natural gas production to decline in 2024
– Natural gas rigs in operation up 3 to 97 (still down from 121 a year ago)

Other Commodities/Topics:
– September Empire State manufacturing index at 11.5 (versus an expected -3.9)
– Eurozone wages increasing 4.5% year-over-year
– US crude oil production loss estimated at 2.16 million barrels due to Hurricane Francine
– US oil rigs in operation up 5 to 488 (still down from 515 a year ago)
– China’s oil refinery output at 13.91 million barrels per day in August (down 6% year-over-year)
– China’s industrial output grew 4.5% annually in August (down from 5.1% in July)

Disclaimer: The risk of loss in Commodity Interest trading is substantial. Past performance is not indicative of future results. Any content presented should be viewed as a solicitation and an inducement to conduct business with AgOptimus. The market information presented is believed to be accurate as of the time of publication. Trading and investment decisions should be made at your own risk and only with risk capital. Be advised the views and opinions expressed herein do not necessarily reflect the current views or positions of AgOptimus and are subject to change at any time.