Negotiated cash fed cattle trade continued on Thursday. Live sales so far are $2-$4 lower than last week at $117.00 to $118.50/cwt. Dressed sales are $3-$4 lower at $186-$187.
Helped along by short covering, Cattle futures found some stability on Thursday after strong pressure continued early in the session.
Live Cattle futures closed narrowly mixed (40¢ higher to 60¢ lower).
Feeder Cattle futures closed an average of 26¢ higher, except for 35¢ to 75¢ lower in the back three contracts.
Choice boxed beef cutout value was $1.32 lower on Thursday afternoon at $205.08/cwt. Select was 28¢ lower at $183.83.
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