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Market Snapshot

Cash Cattle Trend:

                            11/22/2017

Both the buy side and sell side were anxious to wrap up trading this week early and turn attention to family and the holiday. In the south bids of $117 turned into consummated trades at $118 but northern sellers were not ready to concede another decine in prices and by days end had reached $120 live and $188-189 dressed. 

 Fed Steers Live


 Steady 118 - 120 
Dressed Basis
Steady 188 - 190

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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

                                        11/22/2017

December soybean meal upset Wednesday's expectations for quiet, pre-holiday trading and posted a new one-month high, likely related to the current stretch of dry weather in Argentina. January soybeans followed with an 8 1/4 cent gain, while corn and wheat were quietly mixed.


Local 12% Winter
+1 431 - 494
Local 14% Spring
-1 571 - 644

>> More Grain Cash & Futures - 

All three grains closed lower Thursday as mild summer temperatures blanketed the Midwest with another day of good growing weather.











Featured Auction

     

 

Billings Livestock

11/16

5-600 lb Steers
-5 to 10 160- 182
6-700 lb Steers
-5 to 10 155- 166
7-800 lb Steers
-5 to 10 155 - 163

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