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Jan. 13, 2021

Light fed cattle cash trade occurred in the North at $109/cwt live and mostly $172 to $174/cwt dressed – steady to $1 lower than yesterday. Moderate volumes in the South traded at $109 to $111/cwt – $1 to $3 lower than last week. Live cattle futures ended narrowly mixed, from $0.22/cwt lower in February to $0.35 firmer in August. Feeder cattle futures added $0.35 to $0.90/cwt. The CME feeder cattle index decreased $0.18 to $136.05/cwt. Lean hog futures closed $1.65/cwt lower in the spot February contract to $0.92 higher in December. The CME lean hog index increased $0.58 to $64.49/cwt. Corn slowed its rate of increase by closing 7-1/4 cents higher. March soybeans lost 12 cents, and KC wheat added 3-1/4 cents.

Futures Market Summary

Nearby Elec. ContractCloseChangeHighLow
Live Cattle$112.250($0.225)$112.775$111.625
Feeder Cattle$133.575$0.350$134.175$132.000
Lean Hogs$66.850($1.650)$68.000$66.700
Class III Milk$16.31($0.08)$16.43$16.27

USDA Beef Complex

Drop Credit$9.29$0.01

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