Cattle Market Modestly Lower to Begin Week

Live cattle futures were 15 to 45 cents lower yesterday. Feeder cattle futures were mostly steady, with Jan futures showing a 12 cent loss. The 11/29 CME Feeder Cattle index was up 35 cents at $144.97. The USDA’s weekly comprehensive beef cutout value had the carcass cutout at $230.34, which was $3.72 below last week’s, with 5,648 loads, a wk/wk reduction of 1,587. Afternoon boxed beef prices were higher Monday. Choice boxes were $0.49 higher, and select boxes were up by $2.64. Cash cattle activity was light on Monday, with the USDA reporting some 80% choice dressed sales of $187.00. USDA estimated the FI cattle slaughter to start the week with 117,000 head. They revised Saturday’s estimate to 95,000 head.

---provided by Brugler Marketing & Management

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