Live cattle futures experienced a significant drop on Wednesday, with prices falling between eighty-five cents and one dollar and fifteen cents. Cash trading remained slow, with a few early sales at two hundred twenty-nine dollars. The online Fed Cattle Exchange auction didnt report any sales, with bids at two hundred twenty-seven dollars for live cattle and between three hundred forty-seven dollars and fifty cents and three hundred fifty-four dollars for dressed cattle. Feeder cattle futures also declined, dropping between one dollar and twenty-five cents and one dollar and eighty cents across the front months. The CME feeder cattle index for December sixteenth showed a slight increase, and the December Cattle on Feed report is expected to show a decrease in November placements and marketings. USDA Wholesale Boxed Beef prices were higher, though the gap between Choice and Select beef narrowed. The USDA estimated federally inspected cattle slaughter at one hundred eighteen thousand head on Wednesday, indicating a continued slowdown in slaughter numbers.

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