Cattle futures continued sharply higher on Thursday for the second day in a row. The surge, coupled with heavy volume in Live Cattle the previous day, increases hopes that a near-term bottom was established earlier this week.
Live Cattle futures closed an average of $1.65 higher (67¢ to $2.72 higher.
Feeder Cattle futures closed an average of $2.36 higher ($1.77 to $2.97 higher).
Choice boxed beef cutout value was $3.08 lower Thursday afternoon at $215.09/cwt. Select was 13¢ higher at $206.31.
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Android | RSS | More