Cattle futures took another step higher on Thursday, buoyed by stronger wholesale beef values and continued expectations for higher cash fed cattle prices this week.
Live Cattle futures closed an average of $1.34 higher through the front four contracts and then an average of 46¢ higher.
Feeder Cattle futures closed an average of 69¢ higher (42¢ to $1.22 higher).
Choice boxed beef cutout value was $2.16 higher Thursday afternoon at $202.37/cwt. Select was 48¢ lower at $191.91.
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