Choice boxed beef cutout value was 11¢ higher Thursday afternoon at $210.24/cwt. Select was $2.78 lower at $187.83.
Cattle futures drifted lower on Thursday with light trade and perhaps some defensiveness ahead of Friday’s Cattle on Feed report.
Except for 10¢ higher in the back contract, Live Cattle futures closed an average 47¢ lower (22¢ to 90¢ lower).
Feeder Cattle futures closed an average of 21¢ lower. Spot Nov went off the board at $157.77.
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