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Markets Brought to you by CattleFax

Friday, Nov. 9, 2018

Fed cattle trade was established this week at $114 to $115 live and $179 to $180 dressed. Compared to last week, prices were $1 to $2 lower on a live basis and mostly steady on a dressed basis. Boxed beef traded lower this week as protein buyers shift their attention to turkey before the holiday and limit beef buying in the short-term. Feeder cattle traded steady to $4 lower this week and calves traded $2 to $5 lower through the week. Market cows traded $2 to $5 softer for the week. Corn ended the week down 1 cent/bushel.

Futures Market Summary

Nearby Elec. ContractCloseChangeHighLow
Live Cattle$114.575($1.975)$116.425$113.800
Feeder Cattle$149.000($1.175)$150.175$148.375
Lean Hogs$55.800$0.175$56.100$54.225
Corn$3.6975($0.0375)$3.7400$3.6825
Soybean$8.7525$0.0775$8.7575$8.6325

USDA Beef Complex

ItemPriceChange
Choice$216.07($2.15)
Select$199.11($2.66)
Drop Credit$9.13$0.00

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