# Cattle Current Daily-Nov. 6, 2018 – Cattle Current Market Update

> Negotiated cash fed cattle traded steady to higher in late trade the prior week, with Southern Plains live sales at $116/cwt. Live Cattle futures fell an average of $1.47 and Feeder Cattle $2.65 on Monday despite firmer wholesale beef values. USDA data showed September U.S. beef exports of 110,160 mt, up 6% year over year.

- Date: 2018-11-06 · published 2018-11-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11214-cattle-current-daily-nov-6-2018-cattle-current-market-update
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Lower futures despite firm cash and cutout suggest defensive positioning ahead of the election rather than a fundamental shift, while strong export demand supports beef values and packer demand for cattle.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- cattlecurrent.com: https://cattlecurrent.com/cattle-current-daily-nov-6-2018/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.