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Market Snapshot

Cash Cattle Trend:

                            1/18/2019

Strong end-of-the-week rallies developed in the lean hog trade. This helped to spark some additional underlying support through the entire complex going into the long weekend.

Fed Steers Live 


 Steady 124
Dressed Basis 
Steady 197

>> More Livestock Cash & Futures Markets 

Feeder Cattle Futures late Monday morning rallied higher with October contracts posting gains near $3 per cwt in reaction to buyers stepping back into the complex

Wheat Cash Trend

                                        1/18/2019

March soybeans finished 9 cents higher Friday, helped by an unconfirmed rumor that China offered to commit to large U.S. ag purchases earlier this month, and by a return of investor buying interest to the stock market and outside commodity markets. March contracts of corn and all three wheats were steady to higher on light volume.

Local 12% Winter
+1 to 2  476 - 549
Local 14% Spring
+2  494 - 561

>> More Grain Cash & Futures - 

All three grains closed lower Thursday as mild summer temperatures blanketed the Midwest with another day of good growing weather
July soybeans fell another 21 3/4 cents Friday after President Trump approved roughly $50 billion of new tariffs against Chinese goods -- a move that may lead to retaliatory tariffs on U.S. soybeans as well as other goods. Corn and wheat ended the bearish week with small losses on Friday, while gold and crude oil saw sharp drops.

Featured Auction

    

Northern Livestock Video - 1/7-8

5-600 lb Steers
175 - 195
6-700 lb Steers
 156 - 167
7-800 lb Steers
142 - 159
8-900 lb Steers
137 - 147

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