Cattle futures finally rallied from their recent doldrums on Tuesday. There isn’t anything to suggest any driver other than technical correcting and potential bottom picking.
Live Cattle futures closed an average of $1.10 higher (80¢ to $1.42 higher).
Feeder Cattle futures closed an average of $1.76 higher (87¢ to $2.22 higher).
Choice boxed beef cutout value was $1.47 lower on Tuesday afternoon at $204.06/cwt. Select was 26¢ higher at $185.92.
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