CME: Live cattle futures close slightly lower

Live cattle futures down, feeder cattle futures up slightly
calendar icon 12 November 2021
clock icon 1 minute read

Chicago Mercantile Exchange (CME) December live cattle futures ended down 0.125 cent at 131.875 cents per pound and the February contract fell 0.425 cent to settle at 136.400 cents, Reuters reports

Benchmark January feeder cattle futures rose 1.025 cents to end at 159.075 cents per pound.

Market-ready cattle traded in cash markets at $131 to $132 per hundredweight this week in the southern Plains, the USDA said, up from $129 last week. Some producers are holding out for $134, Arlan Suderman, chief commodities economist for StoneX, said in a client note.

Brazil's Agriculture Ministry said two cases reported on Thursday of a neurodegenerative disorder in patients in Rio de Janeiro state were not related to beef consumption.


© 2000 - 2024 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.