
Live cattle futures are down 50 cents in nearby December, with other contracts 20 to 30 cents higher. There were 15 new deliveries on Tuesday for West Point, NE, with another 15 retendered in Kearney, NE. Cash trade has been quiet thus far this week. Last week was $220-225 in the north, with southern action at $225-226.50.
Feeder cattle futures were down 15 to 30 cents in the front months at Tuesday’s close. The CME Feeder Cattle Index was back up $1.44 to $344.50 on December 8. The Monday OKC feeder cattle auction saw 7,419 head sold. Sales were noted $6-10 higher on cattle over 800 lbs, with lighter calves under 800 lbs up $15-30