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Market Snapshot

Cash Cattle Trend:

                            11/17/2017

The cash cattle trade was not tested in the late rounds with buyers and sellers apparently satisfied with trade volume generated at midweek. Showlists could be somewhat larger on Monday, but so should packer appetite given the need to line up the full slaughter schedule following Thanksgiving. 

 Fed Steers Live


-2 to 4 118 - 120
Dressed Basis
-3 187 - 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

                                        11/17/2017

Not only were grains higher on Friday, but several outside commodities were also in the black, turning Friday into Commodity Appreciation Day. In the case of grains, December soybean meal led percentage gainers and helped lift January soybeans 18 1/2 cents to a small gain for the week.


Local 12% Winter
+5 432 - 495
Local 14% Spring
+5 580 - 653

>> 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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