Live cattle futures closed the Thursday session with contracts $5.47 to $6.27 lower. Light cash trade has been reported this week in the North at $225-227, with $228 reported in the South. There were sales on 554 of the 1,428 head offered at $228 in the Thursday morning Fed Cattle Exchange online auction. Feeder cattle futures fell back to weakness on Thursday, with November down $2.025 and other contracts down $9.025 to the $9.25 limit. That will leave us with expanded limits of $10.75 for live cattle and $13.75 for feeders on Friday. The CME Feeder Cattle Index was down another $1.75 to $342.42 on November 12.
Export sales data for the week of September 25 was released this morning, with 15,221 MT of beef sold in that week.
