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Market Commentary from the Northern Ag Network:
11/22/2017 3:00 PM
Evidence of steady/firm country sales Tuesday was enough to light a fire under live futures from the get-go Wednesday. Contracts settle 72 to 142 higher. Barring a major sell-off on Friday, Feb and April stand ready to close the week well over 40-day moving average. Beef cut-outs: mixed, up $.38 (choice: $209.01) to off $.01 (select: $188.64) with moderate to good demand and moderate to heavy offerings (84 loads of choice cuts, 43 loads of select cuts, 21 loads of trimmings, 25 loads of ground beef).
FRIDAY'S CASH CATTLE CALL:
Steady w/Tuesday's best. Clean-up action is certainly possible on Friday given trade volume totals barely moderate. Yet cash business could be done for the week.
Feeders gapped higher on the opening, and basically never looked back. Prices settled 110 to 145 higher, boosted by buyers watching renewed energy in deferred live contracts. CME cash feeder index: 11/21: 156.58, off .13.
Settlements on all Ag Futures and Options
Futures Quotes – Montana Market Manager – (AgriCharts)
Ag Center – Cattle Report
Livestock Marketing Information Center
Kansas State – AgManager.info
North Dakota State – Livestock Economics
University of Missouri – Farm Marketing