
According to the exchange, daily limits were expanded on Friday to 13.750 cents for feeder cattle futures and 10.750 cents for live cattle. Traders reported that cattle were trading thinly in the Kansas and Texas cash markets at $228 per hundredweight, down $2-4 from last week.
Meanwhile, the stock market's plunge last week also raised concerns about consumer demand for beef .
"The question remains: Are we in a cyclical bear market?" said Don Roose, president of US Commodities.
Traders continue to monitor the screwworm outbreak in Mexico. The U.S. Department of Agriculture (USDA) announced the opening of a sterile fly control facility in Tampico, Mexico, as part of efforts to eradicate the pest by reducing the wild population of parasitic flies.
WEEKLY COST OF CUTLERY CUT.CHOICE
CATTLE SALES
Sale of cattle, heads
Average weight
Week 45
Week 46
Weekly growth,%
Week 45
Week 46
Weekly growth,%
Bulls (live weight)
18,941
16,859
-11.0%
1,573
1,567
-0.4%
Heifers (live weight)
8 808
7 831
-11.1%
1,384
1,413
2.1%
Bulls (slaughter weight)
11,486
8 177
-28.8%
1,031
1,012
-1.8%
Heifers (slaughter weight)
2,357
2,438
3.4%
878
918
4.6%
Indicator
Week 46
Previous week
A year ago
Weekly growth,%
Growth per year, %
Volume of cattle slaughter
564,000
552,000
605 462
2.2%
-6.8%
Live weight
1,573
1,567
0.4%
Slaughter weight
1,031
1,012
1.9%
Beef production (million pounds)
581.5
558.6
4.1%
WEEKLY WEIGHTED AVERAGE PRICE OF BULLS
WEEKLY CHOICE/SELECT PRICE SHOULDER
CME: Live Cattle Futures
Week 45
Week 46
Weekly growth,%
December
221.35
219.15
-1.0%
February
219.75
219.53
-0.1%
April
219.73
219.58
-0.1%
CME: Feeder Cattle Futures
November
326.40
338.68
3.8%
January
319.58
320.55
0.3%
March
313.98
313.35
-0.2%
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