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Market Snapshot

Cash Cattle Trend:

                            8/21/2017

 

Sales volumes last week were down and some cattle will be carried over. Packer inventories also are likely to be smaller although don't expect them to disclose that fact. Packers pared back the slaughter rate this past week (634,000 vs. 641,000 prior week] in order to sustain box prices. They will be purchasing for the last full slaughter week before the Labor day holiday shortened week.

 Fed Steers Live


  108 - 110
Dressed Basis
 174 - 175

>> 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

                                        8/21/2017

USDA also reported that 58% of spring wheat was harvested as of Sunday, down from 63% a year ago, but above the five-year average of 51% harvested. Thirty-four percent of spring wheat was rated in good-to-excellent condition up 1 percentage point from 33% the previous week. 

Local 12% Winter
330 - 429
Local 14% Spring
  612- 673

>> 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

     

 

Northern Livestock Video Auction

8/21

4-500 lb Steers
172 - 198
5-600 lb Steers
152 - 176
6-700 lb Steers
145 - 168

>> More Local Auction Markets