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Texas feedyard
Fed Cattle Soft, Feeders Higher, No COF Surprises

Fed cattle treaded steady in the South to weaker in the North, with wholesale beef prices posting additional declines for the week. Friday's cattle on feed report was as advertised and will be viewed as neutral.

COF Up Slightly, Placements Down 9%

Placements in feedlots during November totaled 1.91 million head, 9 percent below 2019. Net placements were 1.85 million head.

Livestock feeding margins
Profit Tracker: Beef Packer Margins Decline 33%

On a percentage basis, beef packer margins declined significantly last week. It's all relative, of course, since the starting point from the previous week was stunning.

Cash cattle traded lower
Cash Sinks With The Board

Cash cattle trade began on Tuesday last week, but bids were scarce even at lower money. Some feeders held strong for higher money, but with the decline in the CME board a higher market never surfaced.

Fed cattle
Cash Cattle Prices Fizzle As Cutout Drops

Cattle markets limped through a lackluster week for cash sales as wholesale beef prices plummeted. Despite lower cash cattle prices, packer margins likely declined significantly with lower cutout values.

Feeding margins remain positive
Profit Tracker: Feeding Margins Positive 11th Consecutive Week

Cattle and hog finishing margins were modestly positive the first week of December, marking the 11th consecutive week of profitability. Packer margins remain historically high.

Cattle traded in a wide range
Hulett: Cattle Feeders Squander Opportunity

Negotiated cash cattle traded started at higher money mid-week, but in their rush to move cattle some feeders agreed to lower prices and the week ended on a softer note.

Feedlot steers
Cash Cattle Steady To Softer

The post-Thanksgiving negotiated trade was mixed, with higher prices mid-week, falling off $1 to $2 by week's end. Feeder cattle sold uneven, $2 lower to $3 higher.