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CATTLE—Southeastern feeder cattle prices advanced during the week ending February 11, for the third consecutive week. At selected markets in the Southeast, feeder cattle receipts were near 36,100, compared to 33,600 the previous week and 29,200 one year ago. Compared with the previous week, feeder steer prices were steady to $1 higher with Florida up as much as $2 and steer calf prices trended steady to $2 higher. Feeder heifer and heifer calf prices were steady to $1 higher. In representative sales around the Southeast, Choice steers weighing 200 to 300 pounds sold at $36 to $43, with Georgia to $45 and South Carolina down to $33; 300 to 400 pounds, $34 to $42, Georgia up to $44; 400 to 500 pounds $33 to $42; and 500 to 600 pounds $32 to $40.
Choice heifers weighing 200 to 300 pounds sold at $25 to $31. 50; Florida to $34; 300 to 500 pounders $26 to $32.50; and 500 to 600 pound heifers, $26 to $32.
HOGS—Barrows and gilts at Georgia-Florida-Alabama packing plants trended steady to 25 cents lower duriAg the week ending February 11. U.S. No. 1 and 2, butchers of 195 to 235 pounds brought $39.25 to $40, and U.S. No. 2 and 3, 195 to 240 pounds, $39 to $39.75.
GRAIN—Corn and soybean prices advanced during the period ending February 10. Southeastern corn ranged 6-3/4 cents lower to 9 cents higher, mostly 4 to 5 cents higher. The cash spread was $2.37 to $2.82. Soybeans ranged 9 cents lower to 19 cents higher, mostly 4 cents to 7 cents higher. The cash spread was $6.85 to $7.57. The cash buying basis for both corn and soybeans weakened as processor and export buyers were less aggressive.
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