Live cattle futures are $1.30 to $2.05 lower so far on Monday. 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 are down 1 to $2.90 at midday The CME Feeder Cattle Index was down $3.20 to $318.76 on November 27. Monday’s OKC auction has an estimated 4,500 head for sale, with a higher undertone early noted.
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.
