Live cattle futures found some footing to close out Friday, with gains of 15 cents to $1. December was down $2.20 on the week. Cash trade was reported at $225-227 last week across the country, with a few at $228 in the South. Some late Northern sales were $218-222. Feeder cattle futures posted gains of $1.50 to $2.10 at the close. January held onto a 97 cent gain last week despite, a couple limit moves both higher and lower. The CME Feeder Cattle Index was back up $1.31 to $343.73 on November 13.
On Friday, the White House cut back the tariffs on several food import items, specifically beef among others, though Brazil still has a 40% tariff.
