Cattle & Crops Market Report for Nov. 16

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~ Provided by Virginia Department of Agriculture and Consumer Services, Division of Marketing

IN VIRGINIA, state graded feeder cattle mostly steady to 7.00 higher. Feeder cattle at regular auction sales uneven, with steers 3.00 to 5.00 lower and heifers 4.00 to 10.00 higher.

Slaughter cows steady to 2.00 higher. Slaughter bulls steady to 2.50 higher.

Wheat new crop .09 lower.

Corn mostly .01 lower.

Soybeans .35 to .45 higher.

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IN THE NATION, feeder cattle calves 2.00 to 5.00 higher with instances 7.00 to 10.00 higher on good demand.

Slaughter cattle live basis mostly 3.00 higher at 108.00 to 112.00; dressed basis sales mostly 5.00 higher at 170.00 to 172.00. Slaughter cows mostly steady to 3.00 higher in the Southeast; mostly steady to 5.00 lower in the Midwest. Slaughter bulls mostly steady to 3.00 higher in the Southeast; mostly steady to 5.00 lower in the Midwest.

Slaughter lambs under 70 lbs 10.00 to 20.00 higher with heavier weights steady to 10.00 lower. Feeder lambs steady.

Hogs carcass basis .59 lower.

Wheat .09 to .21 lower.

Corn mostly .01 to .06 lower.

Soybeans mostly .17 to .42 higher.

Cotton .0016 lower per pound in the Southeast.

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Corn, Soybean Production Down From October Forecast

Corn production for grain is forecast at 14.5 billion bushels, down 1 percent from the previous forecast but up 7 percent from 2019. Based on conditions as of November 1, yields are expected to average 175.8 bushels per harvested acre, down 2.6 bushels from the previous forecast but up 8.3
bushels from last year. Area harvested for grain is forecast at 82.5 million acres, unchanged from the previous forecast, but up 1 percent from
the previous year.

Soybean production for beans is forecast at 4.17 billion bushels, down 2 percent from the previous forecast but up 17 percent from last year. Based
on conditions as of November 1, yields are expected to average 50.7 bushels per harvested acre, down 1.2 bushels from the previous forecast but up 3.3 bushels from 2019. Area harvested for beans in the United States is forecast at 82.3 million acres, unchanged from the previous forecast but up 10 percent from 2019.

All cotton production is forecast at 17.1 million 480-pound bales, up less than 1 percent from the previous forecast but down 14 percent from 2019. Based on conditions as of November 1, yields are expected to average 911 pounds per harvested acres, up 2 pounds from the previous forecast and up 88 pounds from 2019. Upland cotton production is forecast at 16.5 million 480-pound bales, up less than 1 percent from the previous forecast, but down 14 percent from 2019. Pima cotton production is forecast at 557,000 bales, up 2 percent from the previous forecast but down 19 percent from 2019. All cotton area har- vested is forecast at 9.01 million acres, unchanged from the previous forecast, but down 22 percent from 2019.

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For the FULL REPORT by Market News Service, including regional livestock markets around Virginia, visit http://www.vdacs.virginia.gov/pdf/cc.pdf

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