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.
USDA reported Wholesale Boxed Beef prices lower in the Friday PM report, with the Chc/Sel spread widening back out to $15.77. Choice boxes were down $1.46 to $366.82, while Select was $4.46 lower at $351.05. USDA federally inspected cattle slaughter for the week was totaled at 501,000 head through Saturday. That was 31,898 head below the same holiday week last year.
Dec 25 Live Cattle closed at $215.575, up $4.550,
Feb 26 Live Cattle closed at $217.850, up $4.925,
Apr 26 Live Cattle closed at $219.550, up $5.300,
Jan 26 Feeder Cattle closed at $323.975, up $8.850,
Mar 26 Feeder Cattle closed at $317.850, up $8.800,
Apr 26 Feeder Cattle closed at $316.625, up $8.925,
