Just a single lot (125 head) sold out of the 1,240 head offered in the weekly Fed Cattle Exchange auction. The heifers sold for a weighted average price of $163/cwt. on a dressed basis for delivery at 1-17 days. That was $3 less than steers selling in the beef there last week.
Another day of firmer wholesale beef values, reports of renewed commercial interest and hopeful notions that packers need to acquire inventory helped lift Cattle futures on Wednesday.
Live Cattle futures closed an average of 57¢ higher.
Feeder Cattle futures closed an average of $1.09 higher (80¢ to $1.50 higher).
Choice boxed beef cutout value was 48¢ higher Wednesday afternoon at $192.93/cwt. Select was 20¢ higher at $190.67.
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