Cash fed cattle trade ended the week primarily steady with the previous week on a live basis at $108/cwt.—$1 lower in Nebraska. Dressed trade was steady to $2 higher at $172.
In the futures market, position squaring for the end of the month and quarter seemed to be the chief order of business on Friday.
Live Cattle futures closed unchanged to marginally higher across the front half of the board and then an average of 53¢ lower.
Feeder Cattle futures closed 85¢ lower (62¢ to $1.05 lower) counting newly minted away Sep.
Choice boxed beef cutout value was 21¢ higher Friday afternoon at $196.62/cwt. Select was 61¢ lower at $188.50.
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