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Markets Brought to you by CattleFax

Thursday, Nov. 16, 2017

Live cattle futures closed $0.30 to $0.90/cwt. lower and feeder cattle futures closed $0.05 to $0.35/cwt. lower. Lean hog futures closed $0.20 to $1.02/cwt. lower. The CME lean hog index moved $0.31 lower to $66.37/cwt. and the CME feeder cattle index moved $0.83 lower to $158.44/cwt. Corn futures closed 1-1/4 to 2 cents lower, soybeans closed 2 to 4-1/4 cents lower and KC wheat closed steady to 1 cent lower. USDA steer carcass weights moved 1 pound higher to 902 and 11 pounds below a year ago. USDA FAS weekly beef shipments at 15,841 metric tons are still plugging along, with all top 7 destinations are above year-ago levels, year to date, excluding the week over week volatile shipments from a year ago, exports are now competing against the larger shipments from a year ago. On a weekly average basis, with 2 weeks of November data, are 3 percent below year-ago levels.

Futures Market Summary

Nearby Elec. Contract

Close

Change

High

Low

Live Cattle

$119.550

($0.650)

$120.575

$119.250

Feeder Cattle

$157.775

($0.225)

$157.925

$157.575

Lean Hogs

$60.100

($1.025)

$61.550

$59.875

Class III Milk

$16.80

($0.04)

$16.85

$16.80

Corn

$3.3650

($0.0175)

$3.3900

$3.3625

Soybean

$9.7200

($0.0425)

$9.7825

$9.7025

USDA Beef Complex

Item

Price

Change

Choice

$210.24

$0.11

Select

$187.83

($2.78)

Drop Credit

$10.60

$0.24

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