12 November 2021

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.