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Cattle & Crops Market Report for Nov. 23

November 23, 2020 Pagevalleynews 0

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

IN VIRGINIA, state graded feeder cattle uneven, ranging mostly 4.00 lower to 4.00 higher. Feeder cattle at regular auction sales uneven, ranging 2.00 lower to 8.00 higher.

Slaughter cows mostly steady to 3.00 higher. Slaughter bulls mostly steady to 3.00 lower.

Wheat new crop .02 higher.

Corn mostly .15 higher.

Soybeans mostly .32 higher.

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IN THE NATION, feeder cattle uneven with early week sales steady to 3.00 higher and later sales steady to 4.00 lower. Demand for the week was moderate to good.

Slaughter cattle live basis mostly steady to 2.00 lower at 108.00 to 110.00; dressed basis sales mostly steady at 170.00 to 172.00.

Slaughter cows uneven, mostly 2.00 lower to 3.00 higher. Slaughter bulls uneven, mostly 1.00 lower to 3.00 higher.

Slaughter lambs mostly steady to 11.00 higher. Feeder lambs 7.00 to 12.00 higher.

Hogs carcass basis .86 lower.

Wheat mostly .04 higher.

Corn mostly .10 to .29 higher.

Soybeans mostly .29 to .64 higher.

Cotton .0350 higher per pound in the Southeast.

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Slight increase over 2019 gives highest November cattle on feed mark on record

Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 12 million head on November 1, 2020. The inventory was 1 percent above November 1, 2019.

This is the highest November 1 inventory since the series began in 1996.

Placements in feedlots during October totaled 2.19 million head, 11 percent below 2019. Net placements were 2.13 million head. During October, placements of cattle and calves weighing:

• less than 600 pounds were 570,000 head,

• 600-699 pounds were 495,000 head,

• 700-799 pounds were 465,000 head,

• 800-899 pounds were 387,000 head,

• 900-999 pounds were 185,000 head

• and 1,000 pounds and greater were 90,000 head.

Marketings of fed cattle during October totaled 1.87 million head, slightly below 2019. Other disappearance totaled 63,000 head during October, 7 percent above 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