Negotiated cash fed cattle trade in the Texas Panhandle was 50¢ to $1 higher than the previous week on Friday at $117.50-$118.00/cwt.
Nationwide, live trade for the week was mostly $1 more than the previous week at mostly $118/cwt. Dressed trade was steady to unevenly steady at $187-$188.
Cattle futures closed lower on Friday as scattered cash fed cattle trade continued at the week’s higher mark, while wholesale beef values drifted lower.
Choice boxed beef cutout value was $1.55 lower Friday afternoon at $203.61/cwt. Select was 47¢ lower at $197.31.
Except for 22¢ and 17¢ higher at either end of the board, Live Cattle futures closed an average of 48¢ lower (27¢ to 72¢ lower).
Feeder Cattle futures closed an average of 72¢ lower (35¢ to $1.17 lower).
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