Live cattle futures were $4.55 to $5.30 higher on the Friday session with December up $1.125 this week. Cash trade improved late this week with $220 in the South on Friday, with some northern trade at $215, up from the $208-210 seen in the first half. Feeder cattle futures were up $7.80 to $8.92on the Friday close, with August the lone contract up the $9.25 limit. Monday’s price limits will be the normal $9.25. January was up $9.75 this week.The CME Feeder Cattle Index was down $3.20 to $318.76 on November 27, after dropping $8.92 on the 26th.
Export Sales data from this morning showed 12,165 MT of beef sold in the week of October 16, a 4-week low. Shipments were tallied at 13,346 MT, the highest in 11 weeks.
