Compared to last week, steers and heifers sold steady to 5.00 lower.  Buyers nationwide had the opportunity to see and bid on a wide range of weights, quality and flesh this week.  The gamut was run on flesh from thin to fleshy; quality was from plain to excellent; and 300-700 lb steer and heifer calves were plentiful in the country.  An established preweaning and vaccination program has become a must for producers to receive top dollar this time of year (in between Halloween and Thanksgiving.  Many feedyards in the Upper Midwest and the Northern Plains have seen their fair share of snow already this year as anecdotes of central Nebraska feedyards have measured around six inches of snow mid to late week.  Muddy pens are sure going to be a concern moving forward as the days get shorter, however temperatures in the teens in the midsection of the country may bring a welcomed freeze to ground  conditions.  Wind chills will be a concern this week, especially on incoming feedlot cattle, but it could be a blessing in disguise if copious amounts of precipitation can hold off for a little while longer.   Negotiated cash fed cattle traded today steady to 1.00 lower with live sales at mostly 114.00; a few traded earlier in the day in Texas at 115.00.  Generally, dressed sales are steady with last week at 180.00.  After last week’s sideways movement in the CME Cattle Complex, Monday came and wiped out any idea of moving the market higher on the week.  Live Cattle contracts were 1.42 to 1.75 lower on the day, while Feeder Cattle contracts were 2.20 to 3.33 lower on Monday.  After sideways movement the middle three days of the week, Friday saw sharp losses on the day.  For the week, December 2018 through October 2019 Live Cattle contracts were 2.07 to 4.40 lower.  The December Live Cattle contract closed Friday at 114.57; the lowest price since the middle of September.   The soon to expire November Feeder Cattle contract was 3.50 lower on the week, while January 2019 through August 2019 contracts were 5.20 to 6.18 lower for the week.   Auction volume this week included 35 percent weighing over 600 lbs and 39 percent heifers.
Source: USDA Livestock, Poultry and Grain Market News Division, St. Joseph, Mo.