Live cattle futures are $1.40 to $1.70 at midday. Cash trade was reported at $225-227 last week across the country, with a few at $228 in the South. Some late Northern sales were $218-222. Feeder cattle futures are up $1.35 to $4.65 at midday. The CME Feeder Cattle Index was back up $1.31 to $343.73 on November 13. The weekly OKC feeder cattle auction has an estimated 7,000 head for sale, with early demand noted as good.
On Friday, the White House cut back the tariffs on several food import items, specifically beef among others, though Brazil still has a 40% tariff.
