“`html
On Monday, live cattle futures experienced a limit loss of $7.25 across most contracts, with expanded limits of $10.25 set for Tuesday. The USDA reported light cash trading in the Western Corn Belt at $208, compared to $215-219 in the North and $220-224 in the South last week. Feeder cattle futures closed down the $9.25 limit, with expanded limits of $13.25 for Tuesday.
Tyson Foods announced plans to close its Lexington, NE plant, which processes 5,000 head of cattle daily, and shift its Amarillo, TX plant to a single full capacity shift. The shutdown is scheduled for January 20, potentially affecting futures contracts for December and February.
The monthly Cattle on Feed report indicated an October placement total of 2.039 million head, down 10.02% from last year, while marketings fell by 8.02% to 1.697 million head. As of November 1, the on-feed number stood at 11.706 million head, a 2.17% drop from the previous year. USDA’s estimated cattle slaughter for Monday was 120,000 head, which is 4,000 above last week but 2,245 below the same week last year.
“`
