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Cattle futures were sharply higher on the day, with most contracts settling with triple digit gains mostly between $1.45 and $2.57.Feeders were also rallying today with most contracts closing at least $3 higher, and the October 2015 contract posted a $4.475 gain today. January feeders were down 2.42% for the week. Wholesale beef prices were lower in the PM report with Choice boxes coming in with a weighted average $3.38 lower than yesterday, and Select boxes down 44 cents. For the week they lost 2.6% and 1.8% respectively.Cash cattle trade was light this week, especially in the >80% choice category.Some sales were reported from $157 to $160 in clean up trade. Weekly estimated slaughter including Saturday is 552,000 head, 17K head smaller than last week and 65K head smaller than the same week a year ago.The Cattle on Feed report this afternoon showed cattle on feed December 1 were 101.42% of a year ago.November placements were at 96%, and November marketings were 88.9% of what they were a year earlier.
Dec 14 Cattle closed at $160.750, up $2.050,
Feb 15 Cattle closed at $160.100, up $1.575,
Apr 15 Cattle closed at $159.675, up $1.475,
Jan 15 Feeder Cattle closed at $220.150, up $3.075
Mar 15 Feeder Cattle closed at $217.975, up $4.200
Apr 15 Feeder Cattle closed at $218.075, up $3.900