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Daily Market Outlook and Analysis

Brought to you by Cattlefax

Friday, June 14, 2019

The fed cattle market was only lightly tested as of press time; however, the undertone is near steady. Prices last week were mostly $112 to $114 live and $184 to $185 dressed. Choice boxed beef was quoted steady and Select dropped $2 on the week. Large production levels continue to limit the beef complex. Feeder cattle traded mostly steady to $5 higher. Calves ranged from $3 lower to $2 higher on the week. Market cows traded mixed, from $1 lower to $2 higher. Corn ended the week up 37 cents/bushel.

Futures Market Summary

Nearby Elec. ContractCloseChangeHighLow
Live Cattle$108.775($0.275)$109.375$108.600
Feeder Cattle$135.525($0.700)$136.625$134.650
Lean Hogs$79.375$0.150$79.500$79.250
Class III Milk$16.31$0.00$16.33$16.28

USDA Beef Complex

ItemPriceChange
Choice$222.10($0.05)
Select$204.71($2.02)
Drop Credit$8.24$0.00

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