Cattle futures started Friday on soft footing and lost ground from there, with some attributing pressure to Japan’s announced tariff increase on U.S. beef imports through next March (see below).
Live Cattle futures closed an average of $1.10 lower through the front five contracts (87¢ to $1.40 lower) and then 32¢ to 62¢ lower.
Feeder Cattle futures closed an average of $1.52 lower across the front half of the board ($1.05 to $1.85 lower) and then 22¢ to 52¢ lower except for 2¢ higher in March.
Choice boxed beef cutout value was 21¢ lower Friday afternoon at $206.22/cwt. Select was 16¢ higher at $196.82.
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