Slaughter steers traded $2 higher at Sioux Falls Regional Livestock in South Dakota on Wednesday. Slaughter heifers sold $1-$2 higher. There were only 388 head offered in the weekly Fed Cattle Exchange Auction and no sales.
Wholesale beef prices continue to offer support.
Choice boxed beef cutout value was $3.48 higher on Wednesday afternoon at $208.62/cwt. That’s $5.72 higher in the last two days. Select was $2.59 higher at $199.16; up $6.18 in the last two days.
That and sluggish trade helped Cattle futures retain most of the strong gains in the previous session.
Live Cattle futures closed narrowly mixed but mostly higher (40¢ lower to 27¢ higher).
Feeder Cattle futures also closed narrowly mixed but mostly higher (15¢ lower to 45¢ higher).
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