Cattle futures closed sharply lower Thursday after early follow-through support, and all indications for higher cash fed cattle trade this week. There was no clear or even fuzzy reason for such a reversal.
Live Cattle futures closed an average of $2.48 lower through the front four contracts and then an average of $1.35 lower (92¢ to $1.70 lower).
Feeder Cattle futures closed an average of $2.12 lower ($1.65 to $2.55 lower), except for 30¢ lower in expiring Jan.
Choice boxed beef cutout value was $1.22 lower on Thursday afternoon at $206.77/cwt. Select 47¢ higher at $201.32.
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