Cash fed cattle prices last week ended up $1-$3 higher on a live basis at $118.00 to $120.50/cwt., mostly $120. Dressed trade was $1-$3 higher at $188-$190.
The stronger cash trade fueled follow-support for Cattle futures early in Monday’s session. Support faded quickly, though. Cattle futures closed narrowly mixed, mostly to the downside, but still higher week to week.
Except for $1.07 higher in spot Dec, Live Cattle futures closed an average of 37¢ lower.
Except for 7¢ higher in the back two contracts, Feeder Cattle futures closed an average of 37¢ lower (10¢ to 85¢ lower).
Choice boxed beef cutout value was $1.28 higher on Monday afternoon at $203.15/cwt. Select was $1.76 higher at $185.01.
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