Cattle Market Sees Shifts; Wholesale Beef Prices Climb

On November twelfth, live cattle futures saw a decline, while feeder cattle futures held steady, despite wholesale beef prices surging. Cash trade for cattle ranged from two hundred twenty-five to two hundred thirty-two dollars, with feeder cattle futures closing with gains of a dime to two dollars and two cents. The CME Feeder Cattle Index dipped by one dollar and sixty-one cents, while USDA Wholesale Boxed Beef prices remained unaffected by recent presidential comments. Tuesday evening saw a higher print, with Choice boxes up one dollar and ninety cents to three hundred seventy-nine dollars and twenty-two cents. USDA federally inspected cattle slaughter for Tuesday was at one hundred sixteen thousand head, bringing the weekly total to two hundred twenty-nine thousand, indicating a slight decrease in overall slaughter volume compared to the previous year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.