Live sales last week ended up mostly $3 higher at $123/cwt.; $2-$3 higher in the Western Corn Belt at $122-$123. Dressed trade was $4-$5 higher at $194-$195.
Higher cash fed cattle trade, along with firming wholesale beef values helped fuel strong buyer support for Cattle futures on Tuesday.
Choice boxed beef cutout value was $2.24 higher on Tuesday afternoon at $205.14/cwt. Select was $3.59 higher at $196.57.
Except for 22ยข higher in recently minted away Jun, Live Cattle futures closed an average of $1.71 higher ($1.42 to $1.92 higher).
Feeder Cattle futures closed an average of $3.35 higher ($2.07 to $4.20 higher).
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