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Market Snapshot

Cash Cattle Trend:

                            5/19/2018

The cattle complex launched the last full trading week of May with triple-digit gains. On the other hand, lean hog futures closed moderately lower, pressured in part by uncertainty surrounding China tariffs on U.S. pork currently in place.

 Fed Steers Live


 -7 to 8 112 - 117
Dressed Basis
-7 to 10 176 - 188

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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

                                        5/19/2018

July soybeans finished up 26 3/4 cents Monday after U.S. Treasury Secretary Mnuchin said both China and the U.S. agreed to suspend tariff proposals while trade negotiations continue. Winter wheat gave back over half of Friday's gains while July corn ended up a quarter-cent.

Local 12% Winter
  -12 to 13 506 - 561
Local 14% Spring
  -7 to 8 587 - 646

>> 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

    

PAYS, MT - 5/16   5,208 head

5-600 lb Steers
177 - 185
6-700 lb Steers
 157 - 175
7-800 lb Steers
141 - 149
Heifer Pairs
       1850 - 2000

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