Live cattle futures are posting $3 to $3.50 losses so far at midday. Light cash trade has been reported this week in the North at $225-227, with $228 reported in the South. There were sales on 554 of the 1,428 head offered at $228 in the Thursday morning Fed Cattle Exchange online auction. Feeder cattle futures are up $1 in the November contract, with other contracts fown $5.60 to $6.20. The CME Feeder Cattle Index was down another $2.09 to $340.67 on November 11.
Export sales data for the week of September 25 was released this morning, with 15,221 MT of beef sold in that week.
