Live cattle futures saw Friday losses of 27 to 62 cents, with the weekly loss taken to $4.70 in December. A few cash sales in the north were reported at $215-219 this week, with most on the higher side of that range, and $222-224 in the South. Feeder cattle futures were $1.20 to $215 lower on Friday after a back and forth session, as January was down $6.32 on the week. The CME Feeder Cattle Index was up $1.44 to $339.72 on November 20.
Late on Thursday, President Trump removed the 40% tariff on Brazilian beef imports (now at 26.4% with the active tariff rate quota), retroactive to November 13.
