Overview
- Live cattle futures rose roughly $4 and feeders jumped about $7–8 on Tuesday after Monday’s pullback, with this week’s cash trade still pending following late‑week deals near $220 in the South and around $208–215 in the North.
- USDA estimated Monday’s cattle slaughter at 115,000 head, below last week and last year, after a holiday‑shortened weekly total of 501,000 head; the CME Feeder Cattle Index ticked up to $319.70 as of November 28.
- Corn added 4–5 cents by midday, supported by geopolitical risk to Black Sea shipping and strong export inspections of 1.421 MMT in the week ended November 27, nearly 50% above the same week a year earlier.
- Wheat posted gains on Tuesday on Black Sea headlines, with major exchanges firmer and fresh tender activity including an Algerian soft wheat tender and a 65,000‑MT South Korean purchase drawing attention.
- Soybeans traded slightly lower after Monday’s decline, as USDA reported weekly shipments of 920,194 MT with no cargoes to China and marketing‑year exports running about 45.6% below last year.