Live cattle futures closed with 20 cent losses in the nearbys and other nearby contracts higher. There have been some light cash trade picked up in the north this week at $208-210, with dressed trade at $330. Tuesday’s Fed cattle online exchange saw no sales on the 2,052 head offered, with bids of $207 in NM and TX. Last week’s cash trade was $215-219 in the North, with $220-224 in the South.
Feeder cattle futures were back up $2.10 to $3.50 on Tuesday. The CME Feeder Cattle Index was down $4.41 to $331.97 on November 24. The weekly OKC feeder cattle auction had an estimated 3,302 head for sale, with feeders down $10-20 and calves down $20-40 early.
