Lot 20

Gill Red Angus - Annual Red Angus Bull & Commercial Female Sale
Live Event Started: 12/8/21 2:00 PM (CST)


Sold For $3,500.00

ENERGY PRICES: Crude Oil: $91.85 (-2.49); Heating Oil: $3.5098 (+0.0258); Natural Gas: $8.761 (-0.113)
CME LIVESTOCK: Live Cattle: $144.50 (-0.60); Feeder Cattle: $183.375 (-1.225); Hogs: $100.025 (-1.05); Milk: $19.89 (-0.21)
CME GRAINS: Corn: $6.3975 (+10.50); Soybeans: $15.35 (+14.75); Wheat: 8.06 (-4.75); Cotton: $114.44 (+4.00)
WHEAT OUTLOOK (WASDE): Supplies are raised on increased production, which is up 44 million bushels to 1,781 million, on an increase in harvested area and higher yields
WHEAT BALANCE SHEET: Ending stocks projected at 862 million bushels, down 15 million bushels from last month. (VIEW REPORT)
WASDE WHEAT: The outlook for 2020/21 U.S. wheat this month is for slightly smaller supplies, unchanged domestic use, higher exports, and lower ending stocks (VIEW REPORT)
COARSE GRAIN OUTLOOK (WASDE): Corn production for 2022/23 is forecast 45 million bushels higher based on greater planted and harvested area from the June 30 Acreage report. The yield is unchanged at 177.0 bushels per acre
OILSEED OUTLOOK (WASDE): This month’s U.S. soybean supply and use projections for 2022/23 include lower beginning and ending stocks and higher prices
WASDE SOYBEANS: With exports unchanged, soybean ending stocks for 2020/21 are projected at 175 million bushels. If realized, ending stocks would be the lowest since 2013/14 (VIEW REPORT)
WHEAT BALANCE SHEET: The projected season-average farm price (SAFP) is raised $0.10 per bushel to $7.60 on expectations for cash and futures prices for the remainder of 2021/22. This would be the highest SAFP since 2012/13
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