Live cattle futures were down 7 cents in the nearby December, with other contracts up 25 cents to $1.45. Cash trade saw some light dressed trade at $330 in the North. Some light bids of $215 have been reported in the South. The Thursday Fed Cattle Exchange online auction showed no sales or bids on the 1,640 yead offered. Feeder cattle futures were $3.05 to $4.17 higher on the session. The CME Feeder Cattle Index was back up $3.31 on November 11 to $333.92. Weakness in corn was supportive.

Wholesale Boxed Beef prices were mixed in the Thursday afternoon report, with the Chc/Sel at $8.88. Choice boxes were down $2.67 to $357.59, with Select $1.24 higher at $348.71. USDA estimated Federally inspected cattle slaughter for Thursday at 110,000 head, with the weekly total at 435,000 head. That was up 5,000 head from the week prior but down 36,485 head from the same week last year. 

Dec 26 Live Cattle  closed at $218.900, down $0.075,

Feb 27 Live Cattle  closed at $222.950, up $0.250,

Apr 27 Live Cattle  closed at $225.950, up $0.325,

Nov 26 Feeder Cattle  closed at $335.675, up $3.050,

Jan 27 Feeder Cattle  closed at $331.675, up $3.875,

Mar 27 Feeder Cattle  closed at $328.275, up $4.150,

On the date of publication, Austin Schroeder did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.