Between wonderments about the top in cash fed cattle prices, how much room is left for wholesale beef values to run, and the prospects of another massive placement number in the monthly Cattle on Feed report due out Friday, Cattle futures began the week with plenty of uncertainty. That feeling was underscored by strong early support that faded by session’s end.
Live Cattle futures closed unchanged to an average of 12¢ lower.
Other than 22¢ higher in spot Nov, Feeder Cattle futures closed an average of 38¢ lower.
Choice boxed beef cutout value was $1.04 lower Monday afternoon at $212.81/cwt. Select was 68¢ lower at $193.83.
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