Live cattle futures pulled off early lows to close with contracts up 17 cents in expiring December and down 45 cents to $1 in other contracts. There were 15 deliveries tendered on First Notice day on Monday, with the oldest long dated September 27. Last week’s cash trade was $220-222 early in the north, ending last week near $225. Sothern action was $225-226.50. Feeder cattle futures posted losses of $2.50 to $3.40 on Monday, pulling off lows into the close. The CME Feeder Cattle Index was back down 67 cents to $343.06 on December 5. The Monday OKC feeder cattle auction has an estimated 7,200 head. Sales were noted $6-10 higher on cattle over 800 lbs, with lighter calves under 800 lbs up $15-30
Beef export sales in the week of 11/6 totaled 8,776 MT, a 7-week low. Shipments were tallied at 10,845 MT, a slight improvement from the week prior.
