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Markets Brought to you by CattleFax

Monday, Sept. 17, 2018

 After significant moves were noted on Friday, the live cattle futures settled just $0.37/cwt. lower to $0.40/cwt. higher. The nearby October contract was the biggest loser, and the February contract saw the largest positive move. Feeder cattle futures finished the day $0.10/cwt. softer in the nearby contract followed by higher moves in the deferreds led by the January contracts gain of $0.70/cwt. The CME feeder cattle index settled $0.67/cwt. stronger to $153.38/cwt. The October contract had the only positive move, up $0.22/cwt., in the lean hog complex. The remaining contracts ended $0.92 to $1.52/cwt. lower. The CME lean hog index pushed $1.77/cwt. higher to $51.85/cwt. December corn closed 3-3/4 cents lower making a new contract low at $3.48/bu. November soybeans finished down 7-0 cents to make a new contract low at $8.23-1/2. KC wheat settled 3-1/2 cents softer. Cash fed cattle prices were $2-$3/cwt. higher last week at $110.97/cwt. The weekly spot composite cutout moved $3.64/cwt. lower last week to $203.61/cwt. The 90% lean trimmings market decreased $3.14/cwt. last week to $204.99/cwt. The CattleFax total showlist is 11,900 head larger than last week at 250,400 head.

Futures Market Summary 

Nearby Elec. Contract Close Change High Low
Live Cattle $113.425 ($0.375) $113.975 $113.025
Feeder Cattle $157.325 ($0.100) $157.525 $156.075
Lean Hogs $56.450 $0.225 $56.775 $54.200
Class III Milk $16.12 $0.01 $16.14 $16.09
Corn $3.4800 ($0.0375) $3.5175 $3.4775

USDA Beef Complex

Item Price Change
Choice $206.04 $1.77
Select $197.38 $0.91
Drop Credit $9.25 $0.07

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