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On Monday, live cattle futures experienced gains of $2.12 to $2.25, with December contracts closing at $221.275. In contrast, cash trade last week ranged from $225 to $227 across the country, with some sales in the South reaching $228. The USDA’s estimated cattle slaughter for Monday was 116,000 head, which is 3,000 head above last Monday but 6,504 below the same day last year.
The White House announced a reduction in tariffs on certain food imports, including beef, though Brazil still faces a 40% tariff. In feeder cattle futures, prices increased by $1.35 to $4.65, with the CME Feeder Cattle Index down $1.84 at $341.89 as of November 14.
The weekly Oklahoma City feeder cattle auction sold approximately 7,000 head, showing steady sales, while USDA Wholesale Boxed Beef prices were mixed, with Choice boxes at $370.41 (down 32 cents) and Select boxes at $356.30 (up $2.06).
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