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Barchart
Austin Schroeder

Cattle Weakness Continues into Thursday’s Close

Live Cattle Fed Cattle Exchange Feeder Cattle South USDA

Live cattle futures posted losses of $1.57 to $2.52 on the Thursday session. A few cash sales in the north have been reported at $215-220 this week, with most on the higher side of that range, and $224 in the South. The Thursday morning Fed Cattle Exchange online auction showed $340 dressed sales on 40 head of the 1,748 head offered and bids of $220-223.50 live. Feeder cattle futures posted losses of $3.05 to $5.07 on Thursday, with expiring November down $1.20. The CME Feeder Cattle Index was up $1.14 to $341.16 on November 19.

Beef export sales totaled 18,846 MT in the week ending on 10-2, the 4th largest total for the year. Shipments were tallied at 12,995 MT. 

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