“`html
Live cattle futures experienced 20 cent losses in nearby contracts on Tuesday, with preliminary open interest down by 2,172 contracts. Cash trade in the north ranged from $208 to $210, with dressed trade at $330. Last week, cash trade was reported at $215-219 in the North and $220-224 in the South. The market will close for Thanksgiving on Thursday, resuming normal operations on Friday.
Feeder cattle futures saw increases of $2.10 to $3.50, with open interest down by 2,063 contracts. The CME Feeder Cattle Index fell by $4.41, settling at $331.97 on November 24. An estimated 3,302 head were offered in the weekly OKC feeder cattle auction, with feeder prices down $10-20 and calf prices down $20-40 early.
USDA reported a mixed Wholesale Boxed Beef prices, with Choice boxes down 40 cents at $370.09 and Select boxes rising 42 cents to $355.93. Tuesday’s federally inspected cattle slaughter was estimated at 125,000 head, bringing the week-to-date total to 245,000, which is 8,000 head above last week’s total but 3,479 head below the same week last year.
“`
