Live cattle futures are showing losses of $2 to $2.425 in the front months on Friday. Feeder cattle futures are down 52.5 cents to $1.225, trying to narrow the feeder/fat spreads. The CME feeder cattle index was 3 cents lower at $158.98 on November 8. Wholesale beef prices were mixed on Friday morning. Choice was up $1.84 at $214.58, with select boxes $1.09 lower at $197.21. Estimated weekly FI cattle slaughter through Thursday was 464,000 head, 3,000 fewer than the previous week and 2,000 head above the same week last year. The FAS reported export shipments of beef lower compared to last week at 14,857 MT. Total 2017 commitments for exports of beef are still 10.9% above last year.

Dec 17 Cattle are at $120.050, down $2.425,

Feb 18 Cattle are at $126.225, down $2.300,

Apr 18 Cattle are at $126.675, down $2.075,

Nov 17 Feeder Cattle are at $157.950, down $0.525

Jan 18 Feeder Cattle are at $156.625, down $1.225

Mar 18 Feeder Cattle are at $154.475, down $0.925

Market Commentary provided by:

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