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Markets Brought to you by CattleFax

Monday, Nov. 19, 2018

Live cattle futures settled unchanged in the October contract to $0.80/cwt. higher in the nearby December contract. Feeder cattle futures closed $0.25 to$0.75/cwt. higher led by the active January contract. The CME feeder cattle index was down $0.74 to $147.09/cwt. The lean hog complex finished $0.05 to$2.27/cwt. higher with the February contract gaining the most and making a new contract high at $69.02/cwt. The CME lean hog index fell $0.76 to $59.10/cwt.Corn closed down 2-1/2 cents, and KC wheat ended 8-1/2 cents lower. Soybeans dropped 18-1/2 cents today after some bearish trade news was reported over the weekend. Cash fed cattle prices were steady to $1 lower last week at$113.53/cwt. The weekly composite cutout moved $3.27/cwt. lower last week to $211.98/cwt. The 90% lean trimmings market increased $1.77 last week to $191.22/cwt., above the $190 support. The 50s market averaged $65.07/cwt., decreasing $4.06 last week. The CattleFax total show list is 7,200 head smaller than last week at 207,800 head.

Futures Market Summary

Nearby Elec. Contract Close Change High Low
Live Cattle $116.150 $0.800 $116.225 $115.475
Feeder Cattle $147.275 $0.750 $147.400 $145.575
Lean Hogs $61.025 $0.950 $61.425 $59.625
Class III Milk $14.55 ($0.03) $14.61 $14.54
Corn $3.6225 ($0.0250) $3.6625 $3.6125
Soybean $8.7375 ($0.1850) $8.9225 $8.712

USDA Beef Complex

Item Price Change
Choice $213.39 $0.48
Select $198.57 $1.00
Drop Credit $9.33 $0.00

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