Live cattle futures closed 12 to 22 cents lower on Friday, save for a 72 cent drop in Dec as the options expired. Feeder cattle futures ended the session mostly higher with 7 to 10 cent gains in the front months. Jan contracts ended with a 2 cent loss on the day. The CME Feeder Cattle Index was $139.18 on 12\/3, down 43 cents. The weekly CoT report showed live cattle spec trader OI increased 1.3% for a net reduction to their 40k contract net long. In Feeder cattle futures and options, CFTC data showed managed money had flipped net long on the week via short covering. A few Friday catch up cash sales were noted at $109, the bulk of the week\u2019s business was $110. For dressed sales in the North, the range was $170-$176 with the majority from $172-$174. Wholesale boxed beef prices fell sharply on Friday, with a $4.17 drop in Choice and a $2.42 drop in Select. USDA estimated the week\u2019s FI cattle slaughter at 667,000 head, down from 682k last year. YTD slaughter trails 2019\u2019s pace by 3.4%.<\/p>\n\n\n\n
— provided by Brugler Marketing & Management<\/p>\n","protected":false},"excerpt":{"rendered":"
Live cattle futures closed 12 to 22 cents lower on Friday, save for a 72 cent drop in Dec as the options expired. Feeder cattle futures ended the session mostly […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,10],"tags":[],"class_list":["post-1814","post","type-post","status-publish","format-standard","hentry","category-alan-brugler","category-cattle","entry"],"_links":{"self":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts\/1814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/comments?post=1814"}],"version-history":[{"count":1,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts\/1814\/revisions"}],"predecessor-version":[{"id":1829,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts\/1814\/revisions\/1829"}],"wp:attachment":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/media?parent=1814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/categories?post=1814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/tags?post=1814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}