There were only 474 head offered (5 lots) in the weekly Fed Cattle Exchange Auction on Wednesday, but most of them sold: 387 head (4 lots) for a weighted average price of $126/cwt. for delivery at 1-9 days. That’s the same price paid the previous day in early Nebraska trade. It also mirrored eventual country trade.
Early live trade was at $126 in the Southern Plains on Wednesday, in light trade with light to moderate demand. Early dressed trade in Nebraska was at $203-$204; $204 in the western Corn Belt.
After strong support early, Cattle futures drifted to a mostly narrowly mixed close.
Live Cattle futures closed unchanged to an average of 17¢ higher.
After an average of 64¢ lower in the front two contracts, Feeder Cattle futures closed narrowly mixed (22¢ lower to 35¢ higher).
Wholesale beef values were little changed Wednesday with Choice boxed beef cutout value 22¢ higher in the afternoon at $223.57/cwt. Select was even at $215.20.
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