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|
|Class III Milk||$16.12||$0.01||$16.14||$16.09|
USDA Beef Complex
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