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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. Contract | Close | Change | High | Low |
| 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 |
| Corn | $5.2450 | $0.0725 | $5.4150 | $5.2225 |
| Soybean | $14.1100 | ($0.1100) | $14.3825 | $14.1075 |
| Class III Milk | $16.31 | ($0.08) | $16.43 | $16.27 |
USDA Beef Complex
| Item | Price | Change |
| Choice | $211.00 | $1.86 |
| Select | $199.06 | $0.97 |
| Drop Credit | $9.29 | $0.01 |
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