Live cattle futures saw losses of $1.37 to 2. Cash trade improved late last week with $220 in the South on Friday, with some northern trade at $215, up from the $208-210 seen in the first half of the week. Feeder cattle futures were down $1 to $2.90 across most contracts at midday The CME Feeder Cattle Index was up 94 cents to $319.70 on November 28. Monday’s OKC auction had an estimated 4,500 head sold with feeders steers up $8-15 and heifers up $15-25. Calves were $20-30 higher.
Export Sales data showed 10,886 MT of beef sold in the week of 10/23, a 5-week low. Shipments came in at 12,684 MT, back down from the week prior.
