Cattle Markets: Mixed Day, Feeder Cattle Futures Drop

Cattle markets saw a mixed day, with December live cattle futures closing up seventeen cents but most other contracts down. Cash trade for cattle in the northern regions started at two hundred twenty to two hundred twenty-two dollars, settling near two hundred twenty-five dollars. Feeder cattle futures dropped between two dollars and fifty cents and three dollars and forty cents, recovering slightly. The CME Feeder Cattle Index fell sixty-seven cents to three hundred forty-three dollars and six cents. Beef export sales reached a seven-week low, but shipments showed a slight improvement. Wholesale boxed beef prices were mixed, with Choice boxes down thirty cents and Select boxes dropping one dollar and twenty-one cents. The USDA estimated federally inspected cattle slaughter at one hundred fifteen thousand head, consistent with last week but nearly four thousand head fewer than the same week last year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.