Markets
soybeans in the next few months, as
well as U.S. pork. The Chinese demand
for U.S. soybeans and pork will depend
on trade as well as impacts felt from the
African Swine Fever, a highly contagious
disease with no known vaccine.
Data Source: USDA-AMS Market News
Week of
8/31/18 Week of
8/24/18 Week of
9/1/17
5-Area Fed
Steer all grades, live weight, $/cwt
all grades, dressed weight, $/cwt $107.18
$169.59 $109.02
$172.78 $104.66
$165.71
Boxed Beef Choice Price, 600-900 lb., $/cwt
Choice-Select Spread, $/cwt $212.03
$8.79 $213.99
$10.41 $191.65
$1.15
Montana 3-market, $/cwt
700-800 lb.
Nebraska 7-market, $/cwt
Feeder Steer
Oklahoma 8-market, $/cwt $150.50
$157.01
$151.88 $153.93
$166.81
$152.77 $155.46
$154.75
$148.86
Montana 3-market, $/cwt
500-600 lb.
Nebraska 7-market, $/cwt
Feeder Steer
Oklahoma 8-market, $/cwt $162.50
$182.46
$161.82 --
$180.00
$160.99 $163.85
$174.53
$160.74
$3.18
$139.00 $3.23
$121.50 $3.19
$105.80
The Markets
Labor Day is over and time marches on.
The short trading week will likely be
volatile. Grains and oilseeds will likely
decrease slightly as speculators are
growing more bearish and gains from
short-coverings have been realized.
Retailers will be looking to restock meat
products after their Labor Day sales.
After light trade leading up to Labor
Day, cattle buyers this week will be
needing to secure cattle for slaughter.
Given the strong processor margins,
this may allow a slight short-term
bump in cash prices this week. I
30 | OCTOBER 2018
Feed Grains
Corn, Omaha, NE, $/bu (Thursday)
DDGS, Nebraska, $/ton