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May 13, 2020

 Fed cattle cash trade occurred in the North at mostly $110 to $115 live and $170 to $185 dressed. Light trade in the South was primarily $110 to $115/cwt. Live cattle futures settled $1.32 to $3.30/cwt lower as the frontend lost the most. Feeder cattle futures closed $1.87 to $2.72/cwt softer, with the September contract falling the furthest. The CME feeder cattle index increased $0.41 to $123.52/cwt. Lean hogs finished $1.00 to $3.45/cwt softer with the nearby contracts giving up the most. The CME lean hog index increased $0.06 to $65.81/cwt. Corn ended down 4 cents, and soybeans lost 12-3/4 cents. KC wheat fell 15 cents in todays session.

Futures Market Summary

Nearby Elec. ContractCloseChangeHighLow
Live Cattle$93.875($3.300)$98.850$93.475
Feeder Cattle$125.300($2.000)$127.475$124.925
Lean Hogs$68.000($0.025)$68.275$67.250
Corn$3.2025($3.5000)$3.2350$3.2000
Soybean$8.3600($13.2500)$8.4225$8.3600

USDA Beef Complex

ItemPriceChange
Choice$0.00$0.00
Select$0.00$0.00
Drop Credit$6.77$0.00