Feeder cattle closed off their lows on Friday, but still lower by 80 to 95 cents. Live cattle futures were also red on Friday, but limited the pullback to 30 cents in the front months. For the week, Dec cattle were UNCH. Jan feeder cattle lost $2.47 from Friday to Friday. Most of last week’s cash trade came on Wednesday, but showed strength with TX cash cattle sales $4-5 higher, KS $3-5 higher, and NE sales were $156-158. Cattle traders will watch to see if that push to get business done before the holiday has any staying power. The 11/21 Feeder Cattle Index from CME was flat at $174.64.Â
USDA estimated the week’s cattle slaughter at 581k head for the week through Saturday. That is down from last week due to the holiday, but up 13k head from the same week last year. YTD slaughter remains 1.6% ahead of last year’s pace with 30.633m head.Â
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Dec 22 Cattle  closed at $153.075, down $0.275,
Feb 23 Cattle  closed at $155.125, down $0.300,
Apr 23 Cattle  closed at $158.975, down $0.150,
Jan 23 Feeder Cattle  closed at $178.300, down $0.950
Mar 23 Feeder Cattle  closed at $181.550, down $0.800
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.
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