The fed cattle market in the North and South was not established at
press time but the market tone was steady to stronger compared to the
previous week. Boxed beef prices were higher for the week and are expected
to strengthen over the next few weeks as supplies will remain tight and holiday
buying will increase.
Feeder cattle were steady to $4 higher last week. Calves were steady up to
$10 higher for calves that qualify for winter grazing programs. Slaughter cows
were steady for the week.
Corn trended higher last week as harvest was only 4% behind the long-term
average of 84% complete. The USDA's November grain production report came
out last week, the USDA's November corn yield estimate was 173.4 bu/ac,
.08 bu/ac below the October report.
Check out today's Chart of the Day. For recent
market news and analysis, visit CattleFax.com.
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