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Cattle & Crops Market Report for Oct. 13

October 14, 2020 Pagevalleynews 0

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

IN VIRGINIA, state graded feeder cattle uneven, mostly 2.00 lower to 3.00 higher.

Feeder cattle at regular auction sales 5.00 to 13.00 lower.

Slaughter cows mostly 5.00 to 10.00 lower.

Slaughter bulls 5.00 to 10.00 lower.

Wheat .25 higher, new crop .17 higher.

Corn mostly .04 higher.

Soybeans mostly .26 higher, new crop .26 higher.

Barley steady.

Milo .04 higher.

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IN THE NATION, feeder cattle calves 1.00 to 3.00 lower with yearlings steady to 1.00 lower. Supply of feeder cattle moderate with demand moderate to good.

Slaughter cattle live basis mostly steady to 1.00 higher at 107.00 to 108.00; dressed basis sales mostly 2.00 higher at 169.00 to 170.00.

Slaughter cows mostly 2.00 to 5.00 lower.

Slaughter bulls mostly 2.00 to 7.00 lower.

Slaughter lambs mostly steady to 15.00 higher. Feeder lambs firm.

Hogs carcass basis 1.00 higher.

Wheat mostly .18 to .25 higher.

Corn mostly .04 to .09 higher.

Soybeans mostly .26 to .31 higher.

Cotton .0207 higher per pound in the Southeast.

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Grain production records expected despite drop from September forecast

Corn production for grain is forecast at 14.7 billion bushels, down 1 percent from the previous forecast but up 8 percent from 2019. Based on conditions as of October 1, yields are expected to average a record high 178.4 bushels per harvested acre, down 0.1 bushel from the previous forecast but up 10.9 bushels from last year. Area harvested for grain is forecast at 82.5 million acres, down 1 percent from the previous forecast, but up 1 percent from the previous year.

Soybean production for beans is forecast at 4.27 billion bushels, down 1 percent from the previous forecast but up 20 percent from last year. Based on conditions as of October 1, yields are expected to average a record high 51.9 bushels per harvested acre, unchanged from the previous forecast but up 4.5 bushels from 2019. Area harvested for beans in the United States is forecast at 82.3 million acres, down 1 percent from the previous forecast but up 10 percent from 2019.

All cotton production is forecast at 17 million 480-pound bales, down less than 1 percent from the previous forecast and down 14 percent from 2019.
Based on conditions as of October 1, yields are expected to average 909 pounds per harvested acre, down 1 pound from the previous forecast but up 86 pounds from 2019. Upland cotton production is forecast at 16.5 million 480-pound bales, down less than 1 percent from the previous forecast and down 14 percent from 2019. Pima cotton production is forecast at 545,000 bales, down 3 percent from the previous forecast and down 20 percent from 2019. All cotton area harvested 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