Live cattle futures are down 7 to 65 cents in the front months so far on Tuesday, giving back some of the Monday limit gains. Last week’s cash trade was reported at $225-230 in the north, with $230-232 Southern sales. Monday activity was quiet with showlists being compiled. Feeder cattle futures are extending the bounce, up 2.50 to $3.95 at midday . The CME Feeder Cattle Index was back down $1.86 to $344.37 on November 6. The weekly OKC feeder cattle auction had 6,113 head for sale, with feeders steady to $5 lower. Steer calves were $5-10 lower, with heifers steady. Tuesday has expanded limits of $10.75 for live cattle and $13.75 for feeders.

USDA Wholesale Boxed Beef prices are seeming to ignore the President’s post from last week as consumers keep buying, with a higher Tuesday AM print. Choice boxes were up $3.10 to $380.42, while Select was 70 cents higher at $360.40. USDA federally inspected cattle slaughter for Monday was at 113,000 head. That is 4,000 head above last Monday and 713 head above the same week last year. 

Dec 25 Live Cattle  are at $227.900, down $0.650,

Feb 26 Live Cattle  are at $226.925, down $0.075,

Apr 26 Live Cattle  are at $226.600, down $0.375,

Nov 25 Feeder Cattle  are at $339.600, up $3.950

Jan 26 Feeder Cattle  are at $331.650, up $2.825

Mar 26 Feeder Cattle  are at $325.900, up $2.675

More news from Barchart

• Cattle Prices Are Tipping Higher. How to Trade the Rebound Now.
• Barchart Experts Weigh In: Everything You Need to Know as Cattle Collapses
• Will Cattle Futures Continue to Reach New Highs During the Off-Demand Season?
• Beef Prices Are Going Up. What’s Behind the Surge, and How Much Higher Will They Go?