Midwest Market Sol

Boxed #Beef AM-Choice: 360.60, -2.38. Select: 348.41, -2.21, 55 loads #oatt

Iowa/S. Minnesota weekly #hog weights for week ending November 7 has weights at 294.3 pounds vs. 293.5 pounds last week and 291.9 pounds last year.#oatt

Packer margins are estimated at $66.65 per head #oatt #cattle

Feeder #cattle index is $.25 higher at $330.65. Daily number was $338.15 on 1,497 head. Total headcount is 11,371 head.#oatt

CME Group FedWatch data indicates an 84.8% probability that the Federal Reserve will raise interest rates by 25 basis points at its December 9 meeting, bringing the target range to 4.00%-4.25% from the current 3.75%-4.00%.#oatt

Taiwan’s MFIG bought 65k tonnes of Brazilian #corn in an international tender this morning, at around $2.20/bu over the Chicago May contract.#oatt

Jordan issued a new international tender for up to 120k tonnes of milling #wheat this morning, optional-origin with a deadline set for next Tuesday (11/17); they passed on their tender for 120k tonnes of barley this morning as well.#oatt

President @BrianHoops will be discussing the grain and livestock markets on @OfficialRFDTV at 8:15am this morning #oatt

The USDA increased #soybean production by 12 mb and increased exports by 25 mb to lower ending stocks to 300 mb.#oatt

USDA lowered #corn feed usage by 25 mb and exports by 25 mb with 141 mb less production leaving ending stocks to drop 91 mb to 1.758 bb. In 9 of last 11 years when USDA lowered stocks in the November report; corn rallied an average of 30 cents in the next 3 months.#oatt

#Wheat stocks estimated at 743 mb vs. 744 mb estimated and 740 mb last month.#oatt

Boxed #Beef AM-Choice: 365.31, +2.57. Select: 354.31, +.58, 57 loads #oatt

Feeder #cattle index is $2.32 lower at $330.53. Daily number is $328.64 on 1,837 head. Total headcount is 11,637 head.#oatt

Packer margins are estimated at $55.35/head #cattle #oatt

150,000 metric tons of #soybeans for delivery to Mexico during the 2026/2027 marketing year. #oatt

Private exporters reported the following sales activities: 312,700 metric tons of #corn received in the reporting period for delivery to Mexico during the 2026/2027 marketing year.#oatt

Compared to last week feeder #steers under 550 lbs. sold steady to $15.00 higher, heavier weights sold $5.00-$15.00 lower. Feeder #heifers sold $2.00-$12.00 lower. Supply was moderate with good demand.#oatt

The Joplin, Missouri auction show total receipts of 4,987 head for the November 9 auction; compared to the 5,943 head traded the week prior and 8,098 head last year.#oatt

October CPI #inflation rises +0.4% month-over-month, above expectations of +0.3%. Core CPI inflation rose +0.3%, also above expectations of +0.2%.#oatt

With no production changes to the #wheat balance sheets, wheat for food usage was lowered by 3 mb to increase ending stocks to 743 mb from 740 mb last month.#oatt