The cattle markets traded mixed to stronger with feeders back to running higher...
December live cattle traded unchanged at $220.80 while November feeder cattle picked up $1.62½ to finish at $330.90
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Back to ReportsUpcoming dry weather in the U.S. will support slowed American harvest and favorable rains in Argentina will aid crop development. Meanwhile, excessive rain threatens southern Brazil as Australia remains in need of widespread moisture
Selected grain contracts at settlement...
Grain traders were not impressed by a revised China deal centered on tariff reductions while soft on concrete commitments...
Dec CORN: down 5¼ cents to $5.23
Nov SOYBEANS: down 30¾ cents to $12.88¼
Dec WHEAT: down 14½ cents to $6.88¾
Lower hog inventory was essentially offset by raised cold storage levels and that led to hogs trading relatively flat today...
December hogs fell 62.5 cents to $68.40
Big week of soybean shipments as the total inspected for export shot up 33% versus the week prior and far surpassed expectations. Corn inspects were up near the top end of projections as well, though down from the previous week. Wheat totals came in about where expected
Selected grain contracts at settlement...
After an ugly overnight and early start, grains flipped back closer to even once word got out of trade deal details to come Monday...
Dec CORN: up ¾ cent to $5.28¼
Nov SOYBEANS: up 1½ cents to $13.19
Dec WHEAT: down 3¾ cents to $7.03¼
A choppy week of cattle trade finishes on a positive note as this market slowly claws its way back after an extended period of feed price shock...
December live cattle added $1.05 to $222.15 and November feeders picked up $3.90 to end the week at $331.97½
Selected grain contracts at settlement...
Trump hinted at good news to come for farmers via China talks, but no big announcement yet and thus the slow bleed continued...
Dec CORN: down 1½ cents to $5.27½
Nov SOYBEANS: down ½ cent to $13.17½
Dec WHEAT: down 1½ cents to $7.07
