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Markets Brought to you by CattleFax

Jan. 18, 2018

Live cattle futures rose for the fifth consecutive day and closed $0.42 to $1.07/cwt. higher. Feeder cattle futures closed $0.12 to $1.30/cwt. higher. Lean hog futures closed mixed at $0.42/cwt. lower to $0.32/cwt. higher. The CME Lean Hog Index moved $1.07 higher to $72.99/cwt. and the CME Feeder Cattle Index moved $1.46 higher to $146.47/cwt. Corn futures closed from 3/4 cents to 1-1/2 cents lower, soybeans closed 4-1/4 cents to 5-1/2 cents higher and KC wheat closed 2-1/2 cents to 3-1/4 cents higher. The latest USDA steer carcass weights were down 2 pounds to 900, 5 pounds below a year ago. The Restaurant Performance Index rose slightly to 101.1 in November, up from 100.9 in October, as increases in same-store sales and optimism for sales in the next six months improved. The Bloomberg Comfort Index edged 0.3 points higher last week, setting a new 17-year high at 53.8 and jobless claims fell 41,000 last week to a 45-year low.

Futures Market Summary

Nearby Elec. Contract Close Change High Low
Live Cattle $121.950 $0.975 $122.100 $121.025
Feeder Cattle $149.175 $1.300 $149.475 $148.175
Lean Hogs $73.050 $0.325 $73.350 $72.375
Class III Milk $13.83 ($0.01) $13.87 $13.80
Corn $3.5150 ($0.0150) $3.5400 $3.5050
Soybean $9.7300 $0.0425 $9.7475 $9.6650

USDA Beef Complex

Item Price Change
Choice $205.69 $0.39
Select $200.87 $1.26
Drop Credit $10.69 $0.14

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