A TSCRA Member Benefit

Brought to you by Cattlefax

Monday, Nov. 16, 2020

The active February live cattle contract was the lone loser, ending down $0.20/cwt, while the rest of the complex gained $0.07 to $0.57/cwt. November feeder cattle lost $0.20/cwt, while the remaining contracts closed unchanged to $0.77/cwt firmer. The CME feeder cattle index increased $0.65 to $137.35/cwt. Lean hog futures settled mixed, from $0.80/cwt softer in February to $0.60 higher next December. The CME lean hog index declined $0.48 to $70.84/cwt. March corn added 4-3/4 cents, and soybeans finished up 5-1/2 cents to close at a new contract high. KC wheat ended 6 cents higher in today’s session. Cash fed cattle prices were mostly $3/cwt higher last week. The weekly average fed steer price was at $109.99/cwt. The weekly composite cutout moved $11.79 higher last week to $220.35/cwt. The cutout found support from chucks, rounds, and 50s last week. The 90% lean trimmings market increased $1.99 last week to $199.65/cwt. The 50s market averaged $41.44/cwt, increasing $2.65 last week. This week’s CattleFax total showlist is 6,000 head smaller than last week at 210,000 head.

Futures Market Summary

Nearby Elec. Contract

Close

Change

High

Low

Live Cattle

$110.425

$0.500

$110.700

$109.800

Feeder Cattle

$137.275

($0.200)

$137.725

$136.725

Lean Hogs

$65.150

$0.250

$65.800

$64.600

Corn

$4.1625

$0.0575

$4.1675

$4.0900

Soybean

$11.5350

$0.0550

$11.5525

$11.4400

Class III Milk

$23.03

($0.10)

$23.12

$22.94

USDA Beef Complex

Item

Price

Change

Choice

$226.95

$0.97

Select

$212.35

$2.89

Drop Credit

$8.64

$0.06


Brought to you by Cattlefax