Front-month December Live Cattle futures slid $1.25 to $200.02, while the more actively traded February Live Cattle futures contract settled $0.92 lower to $208.85. January Feeder Cattle futures lost $0.22 to $260.05. On the hog side, front-month December Lean Hog futures were down $0.67 to $77.90, and the more actively traded February Lean Hog futures contract lost $1.40 to $78.02. The wholesale Boxed Beef report was mixed, with Choice cuts up $2.87 to $373.28 and Select cuts down $0.55 to $355.75. The five-area average price for live steers was reported softer at $225.06. CME volatility for Live Cattle futures and Feeder Cattle futures was lower on the day, with the Live Cattle futures Volatility Index dropping to 22.33, but both remain elevated relative to the bulk of the year, reflecting lingering uncertainty in the cattle trade.
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