Live cattle futures are down $4.90 to $5.30 losses across most contracts on Wednesday. A few cash sales in the north has been reported at $220 this week. Bids have been reported at $218 in the North and $224 in the South. The Wednesday morning Fed Cattle Exchange online auction s showed no sales on the 1,576 head offered and bids at $220-221 live and $340 dressed. Feeder cattle futures are falling $6.50 to $7 in the nearbys on Wednesday, with Nov up a nickel. The CME Feeder Cattle Index was back down $2.43 to $339.46 on November 17.
Census trade data for August was released this morning, with a total of 190.7 million lbs of beef exports during August, which was the lowest for any month since June 2020 and the lowest for August since 2015.
