Live cattle futures ended the Monday session with losses of $1.20 to $1.75 following Friday’s bearishly construed Cattle on Feed report. Feeder cattle futures were down $2.075 to $2.575. The CME feeder cattle index on November 17 was down 54 cents to $156.91. Wholesale beef prices were mixed on Monday afternoon. Choice was down $1.06 at $206.18, with select boxes 20 cents higher at $188.05. USDA indicated FI cattle slaughter at 120,000 head on Monday, 3,000 larger than a week ago and 3,000 above the same week in 2016.

Market Commentary provided by:

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