Cattle futures closed mostly slightly lower Friday with profit taking from the week’s rally and positioning.
Other than $1.22 higher in spot Oct and 12¢ higher in near Dec, Live Cattle futures closed an average of 50¢ lower (32¢ to 85¢ lower).
Not counting expired Oct and newly hatched away Oct, Feeder Cattle futures closed an average of 27¢ lower, except for 2¢ higher in Aug.
Choice boxed beef cutout value was 93¢ higher Friday afternoon at $203.30/cwt. Select was 57¢ higher at $192.48.
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