Cash fed cattle trade continued at a grudging pace on Thursday. For the week, live prices have been mainly $104-$105 with dressed sales at $165-$166.
Cattle futures were mixed on Thursday but mostly lower.
After $1.02 lower in spot Aug and 72¢ lower in new spot Oct, Live Cattle futures closed marginally mixed but mostly lower (25¢ lower to 22¢ higher).
Other than 17¢ lower in expiring Aug, Feeder Cattle futures closed an average of 86¢ lower.
Choice boxed beef cutout value was 19¢ higher Thursday afternoon at $191.91/cwt. Select was 22¢ higher at $191.34.
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