Cattle
•December: day 11 of a sell signal. April: day 11 of a sell signal.
•Sept. feeders: day 13 of a sell signal.
•Cattle trends are negative.
•December cattle fell $10/cwt in 13 days.
•Light cash trade in the south $123-124/cwt live, steady with last week.
•Light moderate dressed trade in the north $200/cwt, down $1/cwt.
•Asking prices $125/cwt live in the south, $202 dressed.
•Boxed beef was lower on light demand.
•Select beef is pacing the decline and $36 under the high scored 4 wks ago.
•Choice/Select spread is at a Sept record of $36 to the choice.
•Cattle slaughter down vs yr ago but above August average.
•Boxed beef prices continue to fall but packers are willing to purchase cattle at steady money.
•Beef:  Net sales of 15,300 MT reported for 2021 were up 23 percent from the previous week and 24 percent from the prior 4-week average.  Increases primarily for Japan (6,000 MT, including decreases of 500 MT), South Korea (5,000 MT, including decreases 300 MT), China (1,400 MT, including decreases of 100 MT), Mexico (700 MT, including decreases of 200 MT), and Canada (500 MT, including decreases of 100 MT), were offset by reductions for Panama (100 MT).  Net sales for 2022 of 3,900 MT were for South Korea (3,700 MT) and Japan (200 MT).  
•Exports of 16,900 MT were down 10 percent from the previous week and from the prior 4-week average.  The destinations were primarily to Japan (6,500 MT), South Korea (4,000 MT), China (2,300 MT), Taiwan (1,000 MT), and Hong Kong (700 MT).  
•Slaughter 121,000, 121,000 wk ago, 120,000 yr ago.
•Feeder Cattle Index: 154.20 vs 154.39 prior.
•Choice 319.82 -3.07 Select 283.89 -6.73 Ch/Se spread 35.93 on 191 load