Cash fed cattle trade was $2 higher in the Southern Plains through Friday afternoon at $108/cwt. Dressed trade was $2-$5 higher in the western Corn Belt at $170, with light live trade $1-$3 higher at $108. Elsewhere, there were too few transactions to trend.
Impending and eventual gains in cash trade helped lift Cattle futures higher again on Friday. The monthly Cattle on Feed report (see below) may apply pressure as this week begins.
Live Cattle futures closed 71¢ higher (7¢ to $1.47 higher).
Feeder Cattle futures closed an average of 50¢ higher (25¢ to 80¢ higher).
Choice boxed beef cutout value was 9¢ higher Friday afternoon at $191.60/cwt. Select was 32¢ higher at $188.73.
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