Livestock and meat ($)
6 mos. ago
Steers, Choice, carcass, 550-700 lb., cwt., Omaha
Steers, Choice, 1,050-1,200 lb., cwt. southern Plains
Cattle prices have somewhat recovered from crash in third quarter.
China takes most of the soybeans, while Peru purchases most corn.
Large harvests result in competitive feed prices for producers.
Meetings beneficial after China recently lifted 13-year ban.
Soybean prices ease as Asian markets correct from recent gains.
New decree creates challenges for legitimate meat imports into country.
Corn market higher, while wheat market tries to advance.
Lower feed prices cushioning impact of deteriorating fourth-quarter prices.