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For the week ending December 7th:
Slaughter cattle were steady in light trade with a firm undertone and boxed beef cutouts closed the week about $1 higher. Live cattle futures gained about $1 and feeder cattle futures lost $1. The big losers were feeder cattle and stocker calves, losing $3 and $4 respectively while grain posted gains again this week.
Of concern is that October data for U.S. beef exports show a slowdown compared to mid-summer and the possibility of lower exports in the 1st quarter of 2019.
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