Live cattle futures were 5 to 75 cents in the red on Monday. Feeder cattle futures were also lower, with front months down 72.5 cents to $1.40. The CME feeder cattle index was up 72 cents on November 30 at $147.85. Wholesale beef prices were higher on Monday afternoon. Choice boxes were up 47 cents at $213.08, with the Select cutout value 77 cents higher at $199.18. USDA revised last week’s slaughter down 3,000 head to 640,000. For Monday’s estimated slaughter they have 119,000 head, which is up 4,000 from last week but down 1,000 from a year ago. Some plants were closed due to weather and will catch up this week.
--provided by Brugler Marketing & Management